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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Fri 7/6 !!!

    Recommendations:

    Use an expiry time of 1 hour plus.

    Risk no more than 2% of your account balance.

    Tips are tradable until 4.00pm EST today

    EUR/USD: After surging higher by almost 150 pips yesterday, the EUR/USD stabilized overnight ahead of the publication of a pivotally important US Labor report.
    As the in-line figure of 176,000 should still exert more pressure on the US dollar, consider buying this pair if price breaks above 1.3290.

    USD/JPY: Since late May, this pair has traded a pronounced bearish trend. The YEN strengthened again considerably yesterday with the USD/JPY plunging by over 160 pips amid Fed concerns.
    In addition, the Yen extended its gains further this morning and is currently testing an important support level. If a confirm break lower is recorded, open a PUT binary option if price slumps below 95.70.

    Gold Trading: Investors sought the sanctuary of the safe-haven gold yesterday causing its value to climb higher by over $20 per oz. Although the price of the precious metal retracted earlier this morning, it is now rallying.

    As such, buy gold if price attains a clean break above $1,425.00 per oz.

    AUD/USD: This pair reversed two consecutive days of declines by rallying yesterday. However, the Aussie has experienced fresh pressure from the US Dollar overnight causing the AUD/USD to drop by nearly 60 pips.

    Although the release of the US Labor report this morning produced a figure that met expectations, it should still produce a US Dollar bearish reaction. As such, execute a CALL binary option based on this currency pair if pair surges above 0.9536.

  2. #2
    Specialist Member TAllen1429's Avatar
    I did not get the direction of the market right today as the release of the US labor report was a close call as now summarized.

    The Non-Farm Payroll (NPF) published on Friday quelled investor fears as the figure produced of 176,000 slightly outstripped analysts’ expectations of 163,000. However, this NPF is not considered strong enough to warrant the Fed slimming down its quantitative easing policies just yet.

    Investors drew comfort from this result as it reduced their fears that the Fed may start tapering its monthly asset purchasing program sooner than expected. Consequently, the stock markets rallied sharply epitomized by the Dow Jones Industrial Average rocketing upwards by over 165 points.

    The NFP completed a roller-coaster week which witnessed some of the highest levels of volatility registered this year.

  3. #3
    Legendry Member milos's Avatar
    Quote Originally Posted by TAllen1429 View Post
    I did not get the direction of the market right today as the release of the US labor report was a close call as now summarized.

    The Non-Farm Payroll (NPF) published on Friday quelled investor fears as the figure produced of 176,000 slightly outstripped analysts’ expectations of 163,000. However, this NPF is not considered strong enough to warrant the Fed slimming down its quantitative easing policies just yet.

    Investors drew comfort from this result as it reduced their fears that the Fed may start tapering its monthly asset purchasing program sooner than expected. Consequently, the stock markets rallied sharply epitomized by the Dow Jones Industrial Average rocketing upwards by over 165 points.

    The NFP completed a roller-coaster week which witnessed some of the highest levels of volatility registered this year.
    U.S. stock futures have not changed much in the morning in anticipation of the report on employment in the United States. Worse-than-expected data on the labor market in the United States contributed to the S & P 500 rise sharply as expected to the Fed probably will not change the current monetary policy. During the morning the S & P500 rose by 0.49%.

  4. #4
    Active Member jephry88's Avatar
    Quote Originally Posted by milos View Post
    U.S. stock futures have not changed much in the morning in anticipation of the report on employment in the United States. Worse-than-expected data on the labor market in the United States contributed to the S & P 500 rise sharply as expected to the Fed probably will not change the current monetary policy. During the morning the S & P500 rose by 0.49%.
    The US labor data was not worse than expected but slightly better, and that was the main reason the market sharply rise after the NFP announcement. Actually we have close to 3% for the day on DJIA, which closed at 15224.

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