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.
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)
[cs_space][cs_responsive_image alignment=”aligncenter” image=”16986″ lightbox=”1″ href=”https://onlineforexmaster.com/wp-content/uploads/2016/08/Thru-Forex-News.png”]
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
4. USD data on friday. During mid week, I will be looking at trading into the #usd pairs.
[cs_space][cs_responsive_image alignment=”aligncenter” image=”16988″ lightbox=”1″ href=”https://onlineforexmaster.com/wp-content/uploads/2016/08/Fri-Forex-News.png”]
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.
[cs_space][cs_responsive_image alignment=”aligncenter” image=”17097″ lightbox=”1″ href=”https://onlineforexmaster.com/wp-content/uploads/2016/08/XAUUSD-shifted-SL.png”]