Hey tradomaniacs,
Im watching the markets very carefully as explained and we still see the same circumstances as risk-on-pairs are very choppy in a rising stockmarket.
Keep in mind that we will get to see the Non-Farm-Payrolls tomorrow❗️
Previous Initial Jobless Claims aswell as the ADP Nonfarm Employment were pretty decent and are a great pre-indication for a positive result tomorrow, means the current moves in the market could be fake in order to attract buyers to provide liquidity to institutions that would sell the USD with a positive NFP-result.
Additionally, stimulus-talk are doing good so far and some voices are yelling for even more financial injections in the near-term in order to support the economy that couldn`t survive the current corona-drama without it.
Meanwhile, EUR/USD is re-testing major-support-zone with possible bullish confluence 👉
For now I`m still staying aside as long as the market is choppy like now, especially as long as intermarket-correlations are still not as they should be.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
Im watching the markets very carefully as explained and we still see the same circumstances as risk-on-pairs are very choppy in a rising stockmarket.
Keep in mind that we will get to see the Non-Farm-Payrolls tomorrow❗️
Previous Initial Jobless Claims aswell as the ADP Nonfarm Employment were pretty decent and are a great pre-indication for a positive result tomorrow, means the current moves in the market could be fake in order to attract buyers to provide liquidity to institutions that would sell the USD with a positive NFP-result.
Additionally, stimulus-talk are doing good so far and some voices are yelling for even more financial injections in the near-term in order to support the economy that couldn`t survive the current corona-drama without it.
Meanwhile, EUR/USD is re-testing major-support-zone with possible bullish confluence 👉
For now I`m still staying aside as long as the market is choppy like now, especially as long as intermarket-correlations are still not as they should be.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.