All eyes seem to be on the US China talks so keep an eye on that.
Upcoming reports:
Today we have the core inflation year over year being produced. Estimated at 2.9 previously 2.8. This is an important indicator. This will give you an idea of purchasing power of a currency and potential direction of central bank policy.
The UDS/JPY currency pair is sensitive to inflation trends in both the US and Japan.
If we get a higher percentage, it typically results in a higher price for a list of reasons like bond yields risings, and anticipation of tighter monetary policy.
A lower rate indicates the Fed could pause or cut rates sooner this could result in reducation of appeal of USD denominated assets.
While these economic reports are important pay close attention to the US China talks which are going to have the most implications on price.
Targets:
Buy 145.321 (looking for a test of resistance around 145.988)
Sell 144.681 (look for retest around 144.725)
There's been a lot of consolidation around this area so be sure to lock in profits when you have them even a small gain is better than nothing.
I will be publishing my trading strategy that I've been coding for a while now it will be public so completely free. I hope it helps understand conditions of market for those who need help and offers opportunities to enter market at ideal times to reduce overtrading. It will be my first published strategy, and I am working on more.
Upcoming reports:
Today we have the core inflation year over year being produced. Estimated at 2.9 previously 2.8. This is an important indicator. This will give you an idea of purchasing power of a currency and potential direction of central bank policy.
The UDS/JPY currency pair is sensitive to inflation trends in both the US and Japan.
If we get a higher percentage, it typically results in a higher price for a list of reasons like bond yields risings, and anticipation of tighter monetary policy.
A lower rate indicates the Fed could pause or cut rates sooner this could result in reducation of appeal of USD denominated assets.
While these economic reports are important pay close attention to the US China talks which are going to have the most implications on price.
Targets:
Buy 145.321 (looking for a test of resistance around 145.988)
Sell 144.681 (look for retest around 144.725)
There's been a lot of consolidation around this area so be sure to lock in profits when you have them even a small gain is better than nothing.
I will be publishing my trading strategy that I've been coding for a while now it will be public so completely free. I hope it helps understand conditions of market for those who need help and offers opportunities to enter market at ideal times to reduce overtrading. It will be my first published strategy, and I am working on more.
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.
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.