Trading plan for February 4
Check the levels for AUD/USD, NZD/USD, EUR/USD, and GBP/USD.
Tag - aud - australian dollar
February ahead: coronavirus has not stepped back
Last month was mostly driven by market sentiment. The beginning of January was highlighted by the geopolitical crisis between the US and Iran. After the markets calmed down, the coronavirus that appeared at the end of 2019 spread causing depreciation of the risky assets and appreciation of the refuge assets.
Trading plan for January 30
BOE Meeting is the headliner of the day. American GDP Growth Rate may affect the direction of EUR/USD.
AUD/USD looks weak
AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.
Trading plan for January 27
German Ifo Business Climate level is the only important event in the economic calendar…
Trading plan for January 23
The Aussie was boosted by the positive jobs data. The euro under pressure due to the ECB Meeting. Check levels for EUR/USD, EUR/GBP, USD/CAD, and AUD/USD.
AUD/JPY looks exposed
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
Trading plan for January 21
Check levels for EUR/USD, AUD/USD, NZD/USD, and USD/CAD.
Weekly Market Outlook: January 20-24
The current trading week is going to be quite eventful!
Trading plan for January 17
British retail sales data is the main market driver of the day. Check levels for GBP/USD, EUR/GBP, AUD/USD, NZD/USD.
Major banks: bushfires are the main risk for the AUD
Read the opinion by Morgan Stanley and ANZ on the performance of AUD in Q1
Trading plan on January 16
US-China agreement was priced in. Thus, markets are calm. The only important event of the day is US retail sales level.
