Good Morning Traders,
This week we have just a few economic releases scheduled but with the start of the third quarter earnings season for the US Equities we can expect more activity heading into the FX market as well.
Here are the major economic releases we will be watching this week.
- Monday and Tuesday - no major economic releases expected
- Wednesday - Australian Employment Change - 9:30 PM EST
On weak report number I will watch a for a SELL
1. in the AUD/USD (0.9328 area watch for a short entry)
2. in AUD/JPY (95.30 area watch for a short entry)
On good report numbers I will watch for a
1. BUY in the AUD/CAD (1.000 area watch for a buy entry)
- Thursday UK BOE Interest Rate - 7:00 AM EST
On weak report number I will watch a for a SELL in the GBP/USD under 1.7100 area
On good report numbers I will watch for a BUY in the GBP/USD over 1.7150 area
- Friday - Canada Employment Change - 8:30 AM EST
On weak report number I will watch a for a SELL in the CAD/JPY
On good report numbers I will watch for a BUY in the USD/CAD over 1.0680
Short term trade alert:
EUR/USD seamed to found a bottom for now in the 1.3575 area and it is consolidating rather bullish at the whole number 1.3600.
EUR/USD long over 1.3602, stop under 1.3590, targets: 1.3610, 1.3919, 1.3622, 1.3630
Happy Trading,
Anka Metcalf
Facebook: www.facebook.com/TradeOutLoud
Twitter: www.Twitter.com/AnkaMetcalf