megajorko's Blog

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The ADP surprise

Hello traders,
As I have just wrote on another blog (I thought that it was here but there are 2 different places for writing blogs)
USD is showing signs of strength. The Forecast numbers are 183k with previous 200k. Everything better than 190k will boost the dollar. We have also speech of Mrs. Yellen so don't be too fast to act on ADP there will be plenty of events until the end of the day. Also don't forget that NFP is coming. It has bigger impact than ADP.
EUR/USD has a potential of falling
GB…
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Last wednesday of July

Hello traders,
It is Wednesday, the day in which there is ADP which follows Fridays NFP. Nearly 3 years all traders were trying to short the EUR and Long the USD and now when we see that the hawkish mood of MRS Yellen will come and the interest rate will try to go up I am very surprised to see that sentiment is for buying European useless paper and sell dollars. I am sure that until end of next week we'll see EUR/USD at 1.32 at least. But please buyers buy some more to give me opportunity to ent…
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