Upcoming week is a very busy week for Traders because of lot of news and press releases are due from BOE,BOJ,FED Meetings and NFP Data.
so that market will be volatile and lot of movement in the currency market so that be careful and save your equities.
BOE: There’s little doubt that the Bank of England will double the UK Bank Rate to 0.5% on ‘Super Thursday’ but the British Pound could fall afterwards.
FED :The US Dollar is posed to continue upward after surging to a three-month high but stalled progress on tax cuts and President Trump’s Fed Chair pick may emerge as roadblocks.
The FOMC rate decision along with a fresh batch of BoC rhetoric may fuel the near-term advance in USD/CAD as Chair Yellen and Co. appear to on course to deliver a December rate-hike.
ENTRIES TO TRADE;
Buy Above 1.3145
Stop Loss 1.3110
TARGETS 1.3190 AND 1.3225
IF MARKET BREAKS TREND LINE 1.3120 THEN
Sell at 1.3115
Stop loss 1.3140
Target 1.3070
visit my blog for more analysis and signal
www.4xtradings.blogspot.com
so that market will be volatile and lot of movement in the currency market so that be careful and save your equities.
BOE: There’s little doubt that the Bank of England will double the UK Bank Rate to 0.5% on ‘Super Thursday’ but the British Pound could fall afterwards.
FED :The US Dollar is posed to continue upward after surging to a three-month high but stalled progress on tax cuts and President Trump’s Fed Chair pick may emerge as roadblocks.
The FOMC rate decision along with a fresh batch of BoC rhetoric may fuel the near-term advance in USD/CAD as Chair Yellen and Co. appear to on course to deliver a December rate-hike.
ENTRIES TO TRADE;
Buy Above 1.3145
Stop Loss 1.3110
TARGETS 1.3190 AND 1.3225
IF MARKET BREAKS TREND LINE 1.3120 THEN
Sell at 1.3115
Stop loss 1.3140
Target 1.3070
www.4xtradings.blogspot.com
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