a beginner's attempt at the pairs

EURO will report its inflation rate next week.
Given the current forecasated info and holding every other things constant, the mean EURUSD is 1.0749
It may not appreciate so much from your position so better either bring up the stop or take the profit
 
victorycountry said:
EURO will report its inflation rate next week.
Given the current forecasated info and holding every other things constant, the mean EURUSD is 1.0749
It may not appreciate so much from your position so better either bring up the stop or take the profit
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vc, not holding this thing is not an investment. looking for a POP in next few hours, nothing more profound than that geez

i appreciate your PSA's btw ")
 
big mac said:
vc, not holding this thing is not an investment. looking for a POP in next few hours, nothing more profound than that geez

i appreciate your PSA's btw ")
More...

According to my momentum indicator, uptrend momentum was weakened when it appreciated to 1.0750. If euro depreciates below 1.07450 again, it will be a sign of weakness on 1 minute.
On 30 min, there is no more uptrend momentum - it's going through correction
 
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victorycountry said:
According to my momentum indicator, uptrend momentum weakened when it appreciated to 1.0750. If euro depreciates below 1.07450 again, it will be a sign of weakness on 1 minute.
On 30 min, there is no more uptrend momentum - it's going through correction
More...
we will take out 60 65 or higher because S&P is taking profits here

we call this TRADING :)
 
vc, before each my trades i don't consult academia
victorycountry said:
Consumer price index: Rates on hold as inflation bottoms

The Reserve Bank has been given licence to leave interest rates on hold at its first board meeting for the year, after the delivery of a low inflation result in line with its expectations and signs it will lift.

Australia's inflation rate was just 0.5 per cent in the December quarter, down from 0.7 per cent in the September quarter. But the more closely watched measure of "non-tradables" inflation climbed from 0.5 per cent to 0.8 per cent.

"It suggests inflation has steadied and may have passed the trough," said HSBC chief economist Paul Bloxham. "We expect underlying inflation to gradually climb from here as the recent rise in commodity prices boosts incomes and flows through to support for domestic wages and inflation.

"We expect the Reserve Bank to be on hold in coming quarters and expect rate hikes in 2018."

"The Reserve Bank doesn't need to cut rates again with inflation trending higher, and there are doubts that rate cuts would actually do much in terms of driving the economy and lifting inflation. And rate hikes are off the agenda."




http://www.smh.com.au/business/the-...old-as-inflation-bottoms-20170125-gtylz0.html

p.s.

What this news article implies is that RBA will leave AUDUSD to appreciate.
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vc, i'm not trading off an acedemic paper :|
 
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