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GersonH  
#1 Posted : Sunday, September 09, 2018 9:09:58 AM(UTC)
GersonH


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Joined: 8/31/2018(UTC)
Posts: 9
Belize
Location: Belbopan

In order for this week’s trading to close at my projected level around 1.1580, the bears need to go on the attack today. For the time being, they’re holding off ahead of today’s NFP report in the US, which comes out at 15:30 (GMT+3).
eurusd
If the NFP report disappoints market participants today, there’s a risk of returning to 1.1720 over the following 3 hours. I don’t make market predictions on payrolls day. If the actual figures significantly diverge from projections, we can expect volatility within a 100 – 150 pip range.

There aren’t any important news releases from Europe expected. The market often consolidates within a narrow range ahead of the NFP report. Don’t be surprised if the pair continues to trade at around 1.1635 up until 15:30 (GMT+3).

Markets are jittery over the possibility of even more tariffs being imposed on Chinese imports to the US, so pressure on the euro will remain even if it moves upwards at 15:30. In this case investment on currency trading for this pair.
GersonH  
#2 Posted : Sunday, September 09, 2018 7:29:03 PM(UTC)
GersonH


Rank: Member

Groups: Registered
Joined: 8/31/2018(UTC)
Posts: 9
Belize
Location: Belbopan

The Australian and New Zealand dollars hit a 2-year low and further losses are likely investment on currency trading. AUD/USD was hit the hardest by President Trump’s threat of new tariffs on China. Between the mortgage rate hikes, global trade tensions and yuan weakness, the outlook for Australia is grim and therefore AUD/USD could extend its slide below 70 cents. The New Zealand dollar also tumbled – there’s been an irrefutable downtrend in New Zealand data and the deterioration should be evident in next week’s manufacturing PMI report. We believe there could be another 2% to 3% drop in NZD/USD before the pair finds a bottom.
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