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The new start

Hello traders,
Today is the new start of all the exciting tournaments and it is good that it is Saturday and we can make better planning on the upcoming events. As we were warned on Monday will be German Bank Holiday so the liquidity will be low and German stocks and index will be closed. The main thing to be aware is the end of the week event - Non farm payroll. What will happen then is the big question. Most important is to be on the right side.
Have a nice weekend
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The battle between Fed and ECB

My analysis on the pair will involve several technical indicators, such as BB, RSI, EMA.
As of now (5th of September) the pair is in some bearish trend. The NFP has passed in Friday and it showed worse than expected created jobs so from technical point of view I looked in the 4 hr chart and there was already formed a channel down which means that sometimes technical and fundamental analysis are in anti correlation.
The RSI-100 has already reached level 30 (which is thought to be a level for posi…
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The usual price magnet

Hello traders
During last sessions there were signs of strong bullish momentum.
On Daily chart we are still in oversold region despite the last skyrocket euro made (or maybe it was the sinking USD) We have just entered the 100 period EMA and it is a sign of broken resistance, so the possible way is up. This is opposite to the NFP data release (which gave nearly 50% more jobs than it was expected) so it is very hard to be sure in the technical parameters. On weekly chart we can see that the pair…
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News day

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 …
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megajorko 3 Сент.

megajorko avatar
megajorko 3 Сент.

This is called 400 pips in EUR/SEK for 5 minutes :) (400 pips EUR/SEK approximately equals 50 pips EUR/USD)

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EURo power is gaining strength

Hello traders,
Flash Core Harmonized index of Consumer prices of Europe has rised to 0.9 which is much better than expected 0.7 and there are reasons that Euro will started gaining over USD. These maybe a precursor to achieving the target of 2% inflation which is the main fight of ECB. The current penetration of 1.10 is a proof for this fact and now the only possible way for EUR/USD is up. Every fall I think can be safely bought but be careful during interest rate announcements. Presently I am j…
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