SIGNAL ON GBPJPY
MORE PROVE TO BACK MY PREVIOUS SIGNAL ON USDCAD
I posted a signal in the morning on USDCAD and above you can see more reasons to follow the signal.
GBP/JPY Surged Following the Bank of England
GBP/JPY
- The dollar traded mixed against its G10 peers during the European morning Thursday. It was higher against JPY and EUR, in that order, while it was lower against AUD, NOK, GBP, NZD and CAD. The greenback remained virtually unchanged against CHF and SEK.
USDCAD TRADE SIGNAL FOR TODAY
NOTE: Don't forget about Money Management Please.
BANK OF ENGLAND (BOE) MEETING TODAY
The Bank of England will have its monthly economic meeting this Thursday, the second one with the new methodology of releasing minutes right after the meeting, and not two weeks later, as they did for several years.
NON- FARM EMPLOYMENT CHANGE (NFP)
What is this event all about?
Nope, NFP isn’t an acronym for numerous forex profits, although it could yield just that if you play your cards right. NFP actually stands for non-farm payrolls, which measures the change in the number of people employed in U.S. non-farming sectors such as manufacturing, services, or construction. This is reported on a monthly basis, along with the unemployment rate which indicates the percentage of the work force that is jobless and actively seeking employment.
Forex traders also usually pay attention to the underlying employment figures such as the participation rate or average hourly earnings, as these provide more insight on labor market trends. Aside from that, revisions to previous data also tend to affect the dollar’s overall reaction to the jobs report.
A 100 Year-Old Wall Street Veteran Reveals the Secrets of Her Success
100 years old Irene Bergman has some advice for enjoying a long career on Wall Street: Don’t do anything stupid.
SIGNAL ON EURUSD
ECB Meeting: Two Reasons To Be Dovish
The European Central Bank is having its monthly economic meeting next Thursday, September 3rd, and no changes to the ongoing economic policy is generally expected. Nevertheless, there are two main issues, the ECB will have to deal with, if not in this, over the upcoming meeting:
• A weakening outlook for global growth
• Subdued local inflation
A mysterious Japanese day trader claims to have made $34 million
While a lot of investors were hitting the panic button Monday, a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34 million.
As financial markets got crazy this week, many people turned cautious. Some were paralyzed. Not the 36-year-old day trader known by the Internet handle CIS.
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