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Forex prices move before or after key events and data. It is important to know what’s ahead in forex calendar 1-2 weeks later. I have listed some important dates for 8-12 Aug 2016.
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This week few events to look for on #forexcalendar 8 Aug -12 Aug
1. RBNZ – expected to cut rate. I am seeing a slight weakness in #nzd at the moment. Suspect that if #RBNZ really cut within expectation, then #NZD might rise instead of fall (like #AUD on #RBA cut)[/vc_column_text][cs_space][cs_responsive_image alignment=”aligncenter” image=”16986″ lightbox=”1″ href=”https://onlineforexmaster.com/wp-content/uploads/2016/08/Thru-Forex-News.png”][vc_column_text]**Screenshot taken from http://www.forexfactory.com/calendar.php[/vc_column_text][cs_space][vc_column_text]
2. #WTI bounce from $39.30 as said in webinar. Suspecting a mini rally from here. So will be planning in some trades. However a bullish trade is counter trend only, and is tricky because resistance coming up at $42.50 till $44.00[/vc_column_text][cs_space][vc_column_text]
3. #eur seems weak with #eurusd falling more than other #usd crosses like#audusd and #nzdusd. I am still thinking of a short in #eur with other strong pairs like #nzd #aud and #cad. Trading #eurnzd will be trading into #RBNZ too.
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[/vc_column_text][cs_space][/vc_column_inner][/vc_row_inner][cs_space][vc_column_text]4. USD data on friday. During mid week, I will be looking at trading into the #usd pairs.[/vc_column_text][cs_space][cs_responsive_image alignment=”aligncenter” image=”16988″ lightbox=”1″ href=”https://onlineforexmaster.com/wp-content/uploads/2016/08/Fri-Forex-News.png”][vc_column_text]**Screenshot taken from http://www.forexfactory.com/calendar.php[/vc_column_text][cs_space][vc_column_text]
5. #xagusd is more bearish than #xauusd. We have shifted SL of our #xauusd long at 1350 to 1356, thus during #nfp spike down, I ended with a 30 ticks loss (as I had my entry at 1359 and 1356). Now #xauusd is temporary bearish.[/vc_column_text][cs_space][cs_responsive_image alignment=”aligncenter” image=”17097″ lightbox=”1″ href=”https://onlineforexmaster.com/wp-content/uploads/2016/08/XAUUSD-shifted-SL.png”][/vc_column][/vc_row][vc_row][vc_column][cs_space][vc_row_inner][vc_column_inner width=”1/4″][cs_space][cs_responsive_image alignment=”alignleft” image=”15287″][cs_space][/vc_column_inner][vc_column_inner width=”3/4″][cs_space][vc_custom_heading text=”If you like what I’m preaching – learn to fish while fishing – learn a lifelong skill, follow me in The Alien Room for trade ideas and thoughts while you are sharpening your forex trading skills, then start Master Forex Course now! ” font_container=”tag:h4|font_size:24px|text_align:center|color:%233366cc” google_fonts=”font_family:Open%20Sans%20Condensed%3A300%2C300italic%2C700|font_style:300%20light%20regular%3A300%3Anormal” link=”url:http%3A%2F%2Fonlineforexmaster.com%2Fofm-forex-course%2F%231463462650752-22684b06-3d79|||” css=”.vc_custom_1467442977594{border-radius: 1px !important;}”][cs_space][/vc_column_inner][/vc_row_inner][cs_space][vc_row_inner][vc_column_inner width=”2/6″][vc_column_text]
To your trading success,
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