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Hello traders,
The day for the next NFP has come, but it is tomorrow.
Today it will be a day with a lot of other interesting news. After the two consecutive surprised interest rate cut of Swedish bank today most probably there will be no surprise -0.35. It will be a good trade opportunity but the timing is crucial because of the volatility and the huge spread in krona pairs. Direction is not clear yet
The next broadly expected event is the ECB interest rate decision but because of tomorrows NFP it will have not as big impact as it supposed to be. After all the situation with Greece now is clear but I am not sure for how long.
Of course the last but not least of today's news is the ISM. We will see what will happen but I think that Euro has found some ground so it is the USD weakness which will be closely watched.
Good luck all
The day for the next NFP has come, but it is tomorrow.
Today it will be a day with a lot of other interesting news. After the two consecutive surprised interest rate cut of Swedish bank today most probably there will be no surprise -0.35. It will be a good trade opportunity but the timing is crucial because of the volatility and the huge spread in krona pairs. Direction is not clear yet
The next broadly expected event is the ECB interest rate decision but because of tomorrows NFP it will have not as big impact as it supposed to be. After all the situation with Greece now is clear but I am not sure for how long.
Of course the last but not least of today's news is the ISM. We will see what will happen but I think that Euro has found some ground so it is the USD weakness which will be closely watched.
Good luck all