FxST Daily News Trading Strategy
Preparation is essential to finding success in Forex!
Below Chief Master Trader projects his expectations for tomorrows news events. See what the 14 year veteran will be watching closely and expecting during tomorrows Trading Sessions. Members will also have access to our analytical teams surprise factor used to give us another edge during major economic news events.
Part 1: [HTML1]
- London Session: For the London Session, at 2:00 am we have German Retail Sales; it could create a little market reaction. We also have Unemployment Rate from the Europe zone also. Some of those numbers may improve EUR a give it a boost.
- New York Session: For the New York Session, We got GDP results for the US and Canada. For the USA the forecast number is: 2.5, while the previous was 2.7. If we get 2.2 or lower, this would weaken the USD, while if we get a 2.8 or higher, this would strengthen the USD. I would particularly take positions with the USD/JPY. As for the CAD, the forecast is 0.1, while the previous was 2.7. A -0.2 would create weakness for the CAD, while a 0.4 would strengthen the CAD. Be cautious as we have news from the USA. I would favor the USD/JPY. After logging in, members can find more videos explaining all of our trade Strategies an the 7-Day Scalpers Action Guide.
Forex Economic Report Cheat Sheet
Daily Forex Trading Strategy:
******Non Tradable –> 5:00am EUR Unemployment Rate Forecast=10% Previous= 10%******Non Tradable –> 5:30am CHF KOF Economic Barometer Forecast= 2.32 Previous= 2.25Tradable 8:30am CAD GDP m/m Forecast=0.1% Previous=0.0% Unexpected=0.3% CAD strength->0.4% CAD weakness-> -0.2%Tradable 8:30am USD Advanced GDP q/q Forecast=2.5% Previous=2.7% Unexpected=0.3% usd strength->2.8% USD weakness-> 2.2%
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Filed under: Forex News
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