Hi there
This is Crazy Cat, with the review of the week.
This week, we were watching 8 economic indicators. 2 of them hit the triggers that I sent to you. Let's review...
1. Tuesday, April 06th (12:30 New York time) AUSTRALIAN Interest Rates
I said if Australian Interest Rates comes out at 4.25%, AUD/USD should go up by about 70 pips. Although it was expected they would raise the rates, 30% of economists still believed they would keep the rates at the same level. Therefore, I expected AUD/USD to move if the number came out as expected.
It came out at 4.25% but we did not see 70 pips move within 45 minutes. Eventually AUD/USD went even higher than that but the move was not as impressive as I wanted it to be. Still, if you entered long, you should not lose any money on this report. With respect to the spike itself, I took my profits quickly since I was afraid it would retrace first before going up even higher.
I hope you made some money on this report. Here is the chart:
Forex news trading currency exchange charts
2. Wednesday, April 07th (04:28 New York time) UK Services PMI
I expected it to move nicely if it came out at 56.5 or lower. We saw about 55 pips move which was really nice. Unfortunately, I did not get many fills here so I made some money although nothing huge here.
Here is the chart:
Forex news trading currency exchange charts
I am very disappointed that Australian Employment and Canadian Employment came out very close to expectations. Those are really nice reports to trade if they deviate, and usually bring me a good income. Oh well, maybe next month...
Anyway, have a good Sunday!
--Crazy Cat
This is Crazy Cat, with the review of the week.
This week, we were watching 8 economic indicators. 2 of them hit the triggers that I sent to you. Let's review...
1. Tuesday, April 06th (12:30 New York time) AUSTRALIAN Interest Rates
I said if Australian Interest Rates comes out at 4.25%, AUD/USD should go up by about 70 pips. Although it was expected they would raise the rates, 30% of economists still believed they would keep the rates at the same level. Therefore, I expected AUD/USD to move if the number came out as expected.
It came out at 4.25% but we did not see 70 pips move within 45 minutes. Eventually AUD/USD went even higher than that but the move was not as impressive as I wanted it to be. Still, if you entered long, you should not lose any money on this report. With respect to the spike itself, I took my profits quickly since I was afraid it would retrace first before going up even higher.
I hope you made some money on this report. Here is the chart:
Forex news trading currency exchange charts
2. Wednesday, April 07th (04:28 New York time) UK Services PMI
I expected it to move nicely if it came out at 56.5 or lower. We saw about 55 pips move which was really nice. Unfortunately, I did not get many fills here so I made some money although nothing huge here.
Here is the chart:
Forex news trading currency exchange charts
I am very disappointed that Australian Employment and Canadian Employment came out very close to expectations. Those are really nice reports to trade if they deviate, and usually bring me a good income. Oh well, maybe next month...
Anyway, have a good Sunday!
--Crazy Cat
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