Hello traders,
As I have just wrote on another blog (I thought that it was here but there are 2 different places for writing blogs)
USD is showing signs of strength. The Forecast numbers are 183k with previous 200k. Everything better than 190k will boost the dollar. We have also speech of Mrs. Yellen so don't be too fast to act on ADP there will be plenty of events until the end of the day. Also don't forget that NFP is coming. It has bigger impact than ADP.
EUR/USD has a potential of falling
GBP/USD also but keep in mind that the Markit/CIPS was better than expected and the effect has yet to come.
Yen is falling USD/JPY up but keep in mind that we are far from the magnet of 120 so
all three can easily go Up, Up, Down if the numbers are less than 180k.
Also the possible rate hike needs to weaken the dollar before Fed is acting to have a place for maneuvers
Good luck all
As I have just wrote on another blog (I thought that it was here but there are 2 different places for writing blogs)
USD is showing signs of strength. The Forecast numbers are 183k with previous 200k. Everything better than 190k will boost the dollar. We have also speech of Mrs. Yellen so don't be too fast to act on ADP there will be plenty of events until the end of the day. Also don't forget that NFP is coming. It has bigger impact than ADP.
EUR/USD has a potential of falling
GBP/USD also but keep in mind that the Markit/CIPS was better than expected and the effect has yet to come.
Yen is falling USD/JPY up but keep in mind that we are far from the magnet of 120 so
all three can easily go Up, Up, Down if the numbers are less than 180k.
Also the possible rate hike needs to weaken the dollar before Fed is acting to have a place for maneuvers
Good luck all
