Community
Blog

Community Blog

Add post
Filtered by tags:  Chinese Data
Avatar

Aussie may not leave 0.75 just yet

al_dcdemo Posted 27 June  in #Trader's blog #AUD/USD #Triangle #Australian Data #Chinese Data #D1 Chart #Volatility Compression #Breakout Trade
It's a quiet week with regard to Australian economic data. Chinese Manufacturing PMI and Non-Manufacturing PMI on Friday will probably confirm lacklustre activity in the world's second largest economy. That may keep upticks in the pair contained.
The pair has been carving out a triangle-like pattern for more than two years. 0.75 has served as a mid-point and an axis around which volatility is compressing. Whatever direction the pattern will resolve to, it could make for a nice breakout trade in …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Markets in holiday mode

al_dcdemo Posted 17 Apr.  in #Trader's blog #NZD/USD #Risk Sentiment #Chinese Data #D1 Chart #Financial Center #Easter Monday #Surprise Move
Better than expected Chinese data, that was released overnight, hasn't had a great impact but it did contribute to a slightly better risk sentiment. Australian and New Zealand dollars remain in near-term uptrend while yen put in at least a temporary top.
A quiet European session is the most likely scenario with main financial centers closed for Easter Monday. Some more activity is possible in N.A. session but many participants will prefer not to involve until tomorrow. That does not rule out a s…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Kiwi settles between 50 and 100 DMA

al_dcdemo Updated 16 May  in #Trader's blog #Support #Resistance #NZD/USD #Chinese Data #D1 Chart #Opening Gap
Following weak Chinese data over the weekend, both Aussie and Kiwi opened with a gap lower. The former rose from the open while the latter, whose gap was smaller, traded lower in the early Asian session before rising too.
This is the second time that Kiwi bounced from the strong support in 0.6700 - 0.6750 band, which includes February highs and 100 DMA. The topside has been capped by 50 DMA recently. Whichever DMA will give way first will likely determine the direction of the next leg.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Chinese data release tonight

AdamFx42 Posted 18 Jan.  in #Trader's blog #Gdp #Positioning #Chinese Data
Tonight sees the release of Chinese GDP and production over Q4
The Chinese data release tonight is something that could influence the markets
Traders believe the risk is to the downside - meaning the data should come in soft
Positioning over the markets has therefore been selling the commodity currencies
This means that Aud and Nzd have been sold, and are low
I tend to buy Aud and Nzd tonight, and if the data release is better than expected,
we should see the Aud and Nzd go up
gl all
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Important day for Australian dollar

ijayakumar Posted 30 Nov.  in #Trader's blog #Australian Dollar #Chinese Data
As Chinese Manufacturing data and Australia Interest rate decision is on the line, it's going to be important day for Australia fundamentally. If the data from Chinese is ok and RBA shows some hawkish tone, then it will be flier for Aussie dollar. Lets wait and see!

01:00 CNY Manufacturing PMI (Nov)
01:00 CNY Non-Manufacturing PMI (Nov)
01:45 CNY Caixin Manufacturing PMI (Nov)
01:45 CNY Caixin Services PMI (Nov)
03:30 AUD Interest Rate Decision (Dec)
03:30 AUD RBA Rate Statement
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments

Top bloggers

Blogger Posts / Likes

Top rated posts