Forex Trading

Forex currency trading related blog articles. Including both techncial and fundamental analysis.

Daily Forex Signal & Analysis

Written by nimzoindy on

Today we have some important news in asian session and US session. Look like that NFP data has started to showing it's effect on usd and cross currency. As i said in previous posting, monday is usually boring day, but this week has started with some volatile in most pair.

I like to focus today with BRC Retail Sales Monitor y/y, RICS House Price Balance, Home Loans m/m and Retail Sales m/m in asian session. Look like that pound has showed some strengh yesterday, following last week NFP weak data. British Retail Consortium will release BRC Retail Sales Monitor y/y data in a few hours. Also RICS will release RICS House Price Balance data for UK at 07:01 gmt +8. Below is history for the past 3 months for the upcoming uk data:

BRC Retail Sales Monitor history

RICS House Price Balance history

At 9:30am gmt +8, Australian Bureau of Statistics will release Home Loans m/m and Retail Sales m/m data. Market is expect Home Loans m/m data to be 0.0% compare to previous month data which is -3.7%. Also about Retail Sales m/m, market is expect data to be 0.5% compare to -1.0% last month. Below is history for the past 3 months for the upcoming Aus data:

Home Loans m/m history

Retail Sales m/m history

Later in US session, we have Pending Home Sales m/m at 22:00 gmt +8 that will be release by National Association of Realtors. Market is expect -1.2% compare to last month data 5.3%. Below is history for the past 3 months for Pending Home Sales data:

Pending Home Sales m/m history

1- Forex signal for gbp/usd - Buy @ 1.7540
Status - Open
2- Forex signal for gbp/jpy - Buy @ 189.30
Status - Open
3- Forex signal for aud/usd - Buy @ 0.8130
Status - Open
4- Forex signal for aud/jpy - Buy @ 87.80
Status - Open

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