Results 1 to 5 of 5
  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Friday 23rd August !!!

    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.
    The USA is scheduled to publish important economic data at 10.00 am EST.


    EUR/USD: This euro succeeded in stabilizing against the greenback overnight by trading a restricted horizontal range. The single currency has endured some pressure since the release of the FOMC minutes on Wednesday exemplified by the EUR/USD plunging by a total of just over 60 pips during the last two trading days.

    Although the pair did fall again during the earlier part of today’s session to test its lower Bollinger Band, it was firmly rejected by that level. After undergoing an extensive rally in the last few hours, the pair is presently toying with its upper Bollinger Band. As such, activate a CALL binary option, using the EUR/USD as its underlying asset, if price climbs above 1.3385.


    USD/JPY: Rising US bond yields and the publication of strong data, indicating improving global economic prospects, bolstered the US dollar this morning so that the USD/JPY surged higher to register a three week high. The pair sprinted upwards to probe a key resistance and its upper Bollinger Band.

    However, the USD/JPY was emphatically rebuffed by these two levels as it was forced to retract in order to correct an overbought status. The pair has since dropped so that it is currently testing its middle Bollinger Band. If this level can now successfully hold, consider buying the USD/JPY following a confirmed break above 99.20.


    GOLD TRADING: The precious metal managed to undergo a minor rally after it rose immediately by just over $4 per oz as soon as the commodity markets reopened for business earlier this morning. Despite this improvement, the price of gold is still on track to record a small weekly loss.

    The directional movements of bullion are presently being controlled by two competing catalysts. Promising Chinese PMI data is boosting price while Fed stimulus intentions and a buoyant global market is subduing it. Consider executing a CALL binary option, based on this commodity, if a sustained break above $1,377.20 per oz can be accomplished.


    AUD/USD: Despite the posting of strong economic data from China overnight, the Australian dollar was still not able to capitalize on the improving economic prospects of its giant neighbor and key exporter. The US Dollar continued to strengthen against the Aussie this morning amid surging US bonds yields and Fed stimulus expectations.

    Consequently, the AUD/USD slipped by nearly 20 pips during the night before being repulsed by its lower Bollinger Band. After undergoing a corrective rally in the last couple of hours, the pair now looks poised to weaken further. Sell the AUD/USD if price drops below 0.8970.

  2. #2
    Specialist Member TAllen1429's Avatar
    Yesterday's Results

    A ‘CALL’ Binary Option was executed, based on the AUD/USD, with an opening price of 0.90308 (8.26 am EST) which posted a closing value of 0.90324 at expiration (9.26 am EST) finishing 'in-the-money'.

  3. #3
    Rookie Member
    What exactly propel the Euro rise this afternoon? Does anybody know? I think it is mostly because of the bad US weekly jobs data, but do you know guys some other factor which affect the EUR/USD pair today?

  4. #4
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by goldenapp View Post
    What exactly propel the Euro rise this afternoon? Does anybody know? I think it is mostly because of the bad US weekly jobs data, but do you know guys some other factor which affect the EUR/USD pair today?
    The main catalysts for this movement appear to be the following:

    The EUR/USD jumped to fresh daily highs after the latest string of data showed Eurozone consumer confidence rose to a 2-year high in August, while US new home sales dropped sharply in July.

  5. #5
    Active Member
    Yes exactly what I was thinking! The US job claims data was only partially the cause, the other part came from Europe.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3