US-China trade deal and market rally will happen by year-end, predicts investment strategist

Fed reportedly ready to change more banking regulations

WHAT ARE THE MAJOR CURRENCIES SAYING TODAY?

Both hourly and daily charts are all in favor of the USD. All currencies are reaching their double top or the double bottom price. The market will consolidate and await for fresh news. FED is changing their game plan with tougher bank regulation and tighter easy money. As a Trader we wait for prices to consolidate and never rush into the market.

TODAYS NEWS THAT MGHT AFFECT YOUR TECHNICAL TRADES.

  1. 10.10am – Australia will start with building approvals – It’s an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect – for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder.
  2. 2.30pm 4.00pm – Germany & France & Spain will release their CPI – expect volatility.
  3. 3.45pm – France will release their Consumer Spending – expect volatility.
  4. 4.55pm – Germany wil release their Unemployment change – expected to be good for the EURO.
  5. 5.00pm – 6.00pm – EURO & Italy will release their GDP data – we believe this data will give some booster for EURO.
  6. 10.00PM – US will release their CB Consumer Confidence – expected to be good. Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity – USD expected to rally once again.

The demand for USD continues and we are expecting the USD to reach double top before it makes a correct at 97. Be cautious and always keep money management at your hand.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2020 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?