AUDUSD - on down movement all week for AUD. The chart indicates on 1H and 4H downtrend, daily indicates still uptrend however price has broken 50 EMA and seems to be traveling towards 200EMA – sell. We would not look to take a position on this pair until we see a high volume which would cause a big downtrend.
Fundamentals:
USD: FED chairman Jerome Powell speech - Due to participating in a panel discussion about cross- border payments and digital currencies at the International Monetary Fund's annual meeting. Volatility expected at 13:30 UK time.
Unemployment Claims - The number of individuals who filed for unemployment insurance for the first time during the past week. Forecasted to fall from 898K to 860K.
Services PMI – forecasted to rise from 54.6 to 54.7.
- Manufacturing PMI – forecasted to rise 53.2 to 53.5.
AUD = Tuesday
- RBA Assist Gov Kent speech - Due to speak about recent monetary policy actions taken by the RBA at the IFR Australia Debt Capital Markets roundtable webinar. High volatility expected at 00:00 UK time.
- RBA monetary policy meeting minutes - It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates. High volatility expected at 01:30 UK time.
AUD = Wednesday
Retail sales - s a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it's considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. On fall since JULY (16.9%), current -4%.
⚠️📈Risk Management // Disclaimer 📈⚠️
• Please remember that patience is the second name of this business and risk management is everything.
• Do not risk more than what you can afford and do not be greedy.
• The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not.
• We will not be held responsible for any losses on your account as we do not have access to gain control to place your trades, you are the manager of your capital and it is down to you to manage this correctly.
Lot Sizes:
💰 £100-£300 : 0. 01 - 0.03
💰£400 - £500 : 0.04 - 0.05
💰£1000 - £2000 : 0.1 - 0.15
*******************************
Trading Futures , Forex, CFDs, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Trading View posts and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
We do, however, encourage our clients that are intending to trade, to be fully aware of the risks, fundamentals, technicalities associated with being a profitable trader. Appropriate training is necessary to succeed.
A reminder - trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage.
We do not take responsibility for any trader's loss and gain no reward or have no ownership of any profits made.
Fundamentals:
USD: FED chairman Jerome Powell speech - Due to participating in a panel discussion about cross- border payments and digital currencies at the International Monetary Fund's annual meeting. Volatility expected at 13:30 UK time.
Unemployment Claims - The number of individuals who filed for unemployment insurance for the first time during the past week. Forecasted to fall from 898K to 860K.
Services PMI – forecasted to rise from 54.6 to 54.7.
- Manufacturing PMI – forecasted to rise 53.2 to 53.5.
AUD = Tuesday
- RBA Assist Gov Kent speech - Due to speak about recent monetary policy actions taken by the RBA at the IFR Australia Debt Capital Markets roundtable webinar. High volatility expected at 00:00 UK time.
- RBA monetary policy meeting minutes - It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates. High volatility expected at 01:30 UK time.
AUD = Wednesday
Retail sales - s a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it's considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. On fall since JULY (16.9%), current -4%.
⚠️📈Risk Management // Disclaimer 📈⚠️
• Please remember that patience is the second name of this business and risk management is everything.
• Do not risk more than what you can afford and do not be greedy.
• The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not.
• We will not be held responsible for any losses on your account as we do not have access to gain control to place your trades, you are the manager of your capital and it is down to you to manage this correctly.
Lot Sizes:
💰 £100-£300 : 0. 01 - 0.03
💰£400 - £500 : 0.04 - 0.05
💰£1000 - £2000 : 0.1 - 0.15
*******************************
Trading Futures , Forex, CFDs, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Trading View posts and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
We do, however, encourage our clients that are intending to trade, to be fully aware of the risks, fundamentals, technicalities associated with being a profitable trader. Appropriate training is necessary to succeed.
A reminder - trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage.
We do not take responsibility for any trader's loss and gain no reward or have no ownership of any profits made.