AdamFx42's Blog

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Important data releases today

Two important data releases are planned this evening
At 18:00 GMT, we have the FOMC interest rate decision and statement
At 21:00 GMT we have the NZ interest rate decision
I am tempted to go long Usd, but I am still looking for a nice entry point -
just above 110 in UsdJpy would be good ..
I don't think there will be a surprise cut for the Nzd this month,
but there are enough signs of Dovish talk to follow in the statement
so I think shorting Nzd will be relatively safe - I will be looking to sh…
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Ready to trade again - new setups

I have checked out the technicals and come up with some new trades

I will be looking to buy the Eur after it retraces a bit more
I am looking to buy Eur/Nzd because NZ is likely to cut the rate to 2.5 coming Wednesday
and Eur/Nzd has retraced considerably already - looks like an interesting trade
I might consider a long Gbp/Nzd after it retraces down a bit more,
Gbp/Usd has strong support around 1.505, so I will be looking to buy this pair close to that price
Lots of GB data coming out this wee…
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