Trading Plan – 19/11/18

  USD/CAD Same as last week on the daily we have a break out of the descending trend-line, we also see the counter (ascending trendline) which we are currently testing and at the time of writing we have a daily bullish engulfing candle. Targets for longs on this pair will be the previous highs of…

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September non-farm payrolls +134K vs +185K expected

  Prior was +201K (revised to 254K) Estimates ranged from +125K to +245K Private payrolls 121K vs +180K expected Unemployment rate 3.7% vs 3.8% expected Prior unemployment rate 3.9% Participation rate 62.7% vs 62.7% prior Two-month net revision +87K Wages data: Average hourly earnings +0.3% vs +0.3% m/m expected Prior average hourly earnings +0.4% (revised to +0.3%) Average hourly…

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EUR/USD Returns Below 1.1600

EUR/USD faded the earlier move higher beyond 1.1600 the figure and has now returned to the 1.1590/85 band, flirting with daily lows ahead of the opening bell in Euroland. The escalation of trade jitters with US and China in centre stage and its potential effects on the EM FX has returned to the fore on Wednesday…

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Our Education

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GBP/AUD – 4HR Chart:

 Firstly, here we are on the four-hour chart, we have highlighted two very important zones – these being the 1.79417 zone and the 1.77269 zone. We will be looking for bearish evidence if we approach the 1.79417 zone as this is a key level on the daily chart and holds up a decent structure. I…

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