Check out this week's Forex Forecast- Forex Trading
in Forex / CFD trading is highly likely to depend mostly upon, and not on the exact methods you might use to determine trade entries and exits.
Long of the EUR/USD currency pair following a bullish reversal on the H4 time frame rejecting $1.0920. This did not set up.Long of the GBP/USD currency pair. The currency pair ended the week lower by 1.45%Markets are currently dominated thefrom 5.0% to 4.9% when it had been anticipated to hold steady.
Despite that, stock markets rallied, and the US Dollar sold off after the release of this data. However, by the next day, as markets digested that the news was not so positive, There was some potentially positive data concerning US inflation later in the week, with US PPI coming below expectations. The other major event last week in the Forex market was the Bank of England’s rate hike of 0.25% to an Official Rate of 4.50Markets will now be focused on the coming release of US retail sales data and Canadian CPI data this coming weekUS Unemployment Claims data – this came in slightly higher than expected.
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US weekly natgas rig count falls by most since 2016 -Baker HughesThe U.S. oil and natural gas rig count fell this week to its lowest in nearly a year, as gas rigs slumped by the most in a week since February 2016, energy services firm Baker Hughes Co said in its closely followed report on Friday.
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