eToro – Forex Trading Forum

[BlueinGreen]

Morning Traders

A few days ago I mentioned on one of my posts ( “dollar strength”) that EURUSD buyers will enter the market around 1.53
Last Friday we saw EURUSD rebounding up quickly after touching 1.5303 and this morning trading between 1.5420 – 1.5360.
Every report that might push the ECB decision further in the direction of rising interest rates next month will surely accelerate buying pressure on EURUSD for now.
However, crossing down under 1.53 this week can signal the way to 1.5 in the near future.

USDJPY on the other hand have already made new highs this morning above 108.37
And is advancing much firmer than EURUSD, this is exactly why I chose to trade this pair right now rather than EURUSD.

Today’s main events

10:00am EUR Core CPI y/y Forecast 1.8% previous 1.6%

1:30pm USD empire state Business conditions: forecast -1.5 previous -3.2

3:00pm USD Fed chairman Bernanke speaks


Core CPI= Derivative of the Consumer Price Index (CPI) that excludes the volatile Food, Energy, Alcohol and Tobacco items. CPI with the exclusion of these volatile components is thought to be a better indicator of the underlying inflation trend and the central bank uses it as their primary inflation gauge, aiming to keep it at an annualized rate of 2%.

This is another factor the European Central Bank might consider before rising rates next moths,

The empire state Business conditions = Measures the general business conditions of manufacturers in New York State

Remember that the market can react very emotional to news these days –so be on the look out before you trade

Happy trading

[Leodorameintopet]

mi fai una sega

[hamza1985]

sega mon férer

[tiedeange]

je veut de largent svp