FxST Daily News Trading Strategy
Preparation is essential to finding success in Forex!
Below Jr. Trader Josh projects the expectations for tomorrows news events. See what the 14 year veteran Armando Martinez 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.
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- London Session: We will be closely watching Services PMI coming out of the UK at 4:30am Est. This news release can create immediate volatility in the GBP. We have a forecast of 54.5 for this news release. If we get a number less than 52.5 we will look for GBP weakness, and if the number comes in at 56.5 or more we will look for GBP strength. We do not expect a deviation from the forecast number, but we will act if opportunities present themselves.
- New York Session: We have a trade able piece of news at 8:15 am Est being the ADP Non-Farm Employment Change. If we get a number that is -32K or less we will look for USD weakness and if we see a number 108k or more we will look for USD weakness. 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:
(1) 4:30 GBP Services PMI (F) = 54.5 (P) = 54.4 (U)= 2.0 GBP Weakness = 52.5 GBP Strength = 56.5
(2) 8:15 USD ADP Non-Farm (F)=54.3 (P)=56.2 (U)=2.5 USD Weakness = -32K USD Strength = 108k
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Filed under: Forex News
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