Hello dear trader and welcome to News Trading Signals Service from the desk of Ifeanyi Uche. This service is absolutely FREE and is guaranteed to make up to 150 pips per week trading only news events.
All time is Local Nigerian Time (GMT+1).
Tuesday we watched the release of 3 main Economic Indicators.
The GBP CPI y/y came out at 3.8% and moved GBPUSD up by over 40 pips in the first minute. While the German Zew Economic Sentiment came out at -63.9 but did not do well on EURUSD sell due to the weakness of the US Dollar. Then at 2:00pm local time, CAD Interest Rate Statement came out as expected at 3.00% and was a no trade.
A couple of events will be worth our time on Wednesday July 16.
Time: 9:30am. Event: GBP Claimant Count Change.
Previous: 9K. Forecast: 10K.
Recommendations: Buy GBPUSD if actual is 9K or lower for 30 pips or more.
Sell GBPUSD if it is 11K or higher for 30 pips.
A couple of strategies might work for this.
Time: 10:00am. Event: EUR CPI y/y.
Previous: 4.0%. Forecast: 4.0%.
Recommendations: Buy EURUSD if actual is 4.1% or higher for 30pips.
Sell EURUSD if actual is 3.8 or lower for 30 pips.
I will prefer not watching the other indicators as there might be too much whipsaw.
This is to your trading success!
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