Good morning world & TGIF! The long awaited Non-Farm Payrolls Friday is finally here. Volatility ho! Play it safe and if the trade is not there, sit back and watch the show. You don't wanna do your arse on a Friday, do you?
Yesterday's quick recap
- BOE delivered a dovish statement instead of a rate hike, in light of that GBP sank properly. You might want to check out some daily candles - GBPNZD, GBPAUD ;)
- Horrible ISM data from US, weakest since last august. The US $ got clobbered here & there, so even the GBPUSd managed to climb back just a tiny bit. USD move is still massively overdone and that keeps us from properly collapsing, at least for now.
- Aussie retail sales and RBA monetary policy statement. Boring. One would have expected them yo jawbone more to get AUDUSD lower.
- some news from Washington about Special Counsel Robert Mueller impaneling a grand jury in the Russia probe. Meh, bullish.
Today we have the long awaited NFP & at the same time Canadian employment data and trade balance numbers.
I'm posting this again, the NFP data from 10 years back, courtesy of tradingeconomics.com
Not looking too shabby, eh. So lets see what the market wants to do today.
Let's roll out the charts
EURUSD weekly. Look where we are. This has been a little more forgiving than shorting the kiwi, as almost every pop has faded for at least for 50 pips until new highs were made.
GBPUSD still here, apparently we didnt pop. Should the US $ get it's footing, this might be a good short.
WTI oil - wishful thinking but 47.50-47.70 pretty please with sugar and cherry on the top!
USDJPY remember that 110 level from March, April & May? Well it's back!
EURJPY H4 retesteth. It's in the lords hands now.
EURAUD weekly bull flag
DXY. And as another reminder we are on a massive support area in the $ index.
BCHUSD. Bitcoin cash still gets the award of the week for the coolest chart. Read on for some thoughts from Anonymous.
From Warosu.org come some interesting thoughts for Bitcoin cash. Pay attention.
Definitely love the Fiat updates too, I trade them with 200+ leverage XD
UJ is my favorite one.
https://steemit.com/crypto/@greenbuff/why-you-should-join-whaleclub
Careful w that leverage @greenbuff Great trading ♨
I'm definitely careful! I taught myself on babypips and I used whaleclubs DEMO mode for awhile before leveraging that much on real money :P. Happy trading! @cryptocoinptrs
Fascinating analysis @furious-one Great trading off payroll #, seems max pain delivered from U$D rebound a bit?
Max pain delivered as usual when excessive exuberance amasses. Next focus will return to US10yr rate ... Up above 2.39% or dwindle back down to 2.13% ? After 5 FED hikes ... they obviously haven't a clue what they're doing ... "They know nothing!".....TYjc ♨
https://www.bloomberg.com/news/articles/2017-08-04/dollar-bears-are-undaunted-after-getting-burned-by-rally-on-jobs
Good morning to you, too 👍 bookmarked
Great write up. Wondering if you suffer from blockfolio addiction too? - https://steemit.com/cryptocurrency/@cryptocoinclub/confessions-of-a-blockfolio-addict
I appreciate if you follow me!
good and you can follow my account
https://steemit.com/@funny4all
Why wouldn't I follow @funny4all on steemit ♨
i will follow you too pls upvote me and follow me
Why wouldn't I @ kanggg , why wouldn't I 🚀🌛♨
You betcha I'll follow and upvote @keks SteemOn ♨
Nice, thank you so much
wow wow wow great post, thanks
Upvoted