JinDao_Tai

JinDao_Tai Updated 

The BoC will be releasing their rate decision later tonight at 10pm. It is anticipated that the overnight rate will be held at 0.5%. However, it is important to note that President Trump will be speaking (4 hours prior) to the BoC decision. Any negative decisions or sentiments expressed by President Trump is likely to weaken the USD. It is likely that the...

JinDao_Tai Updated 

Previous 2.3% Expected 2.2% Anticipation that a good CPI data could push the GBP higher, bouncing off the near support level of 1.2400.

JinDao_Tai

The Dollar Index, a measure of US Dollar, relative to a basket of foreign currencies (usually major US trade partners). I've highlighted the round number levels (99, 100, 101, 102 and 103), and we can see that price reacts strongly at these levels. (currently reacting at 101.00) It is important to pay attention to the DXY particularly at the round number levels,...

JinDao_Tai Updated 

Trade planning leading up to the USD NFP news event The Euro have been trending down in the short term (past week). Hence, I anticipate that the Euro could break support level and head further down, given that strong NFP numbers are released. Although I do not want to predict the possible NFP data, I am preparing for a possible good NFP data, due to: - ADP data...

JinDao_Tai

Testing out my first post on trading view, sharing support and resistance lines for the USD/JPY chart.