ECB on Thurs might be decisive if they show some courage less dovish then Euro should rebound.
my focus this week will be on GBP. ( I am holding short GC and GU)
the reason is i see some interesting moves in the GBP since brexit was voted.
some negative comments from UK and EU with regards trade negociations and each time, more downside in the GBP.
we have seen some upside this week from the surprise resign that high level member of the economy.
that guy that was changed has the prospects of more fiscal stimulus, so the market see reason to buy GBP. So, BOE migh not to cut rates in 2020
on this week a lot economic data regarding gbp (retails sales,jobs reports, CPI and flash PMI numbers for feb.
I am hold GU&GC short and I remember that in january one of the reasons that the market cut back on their expectations for a rate cut in
jan meeting was due a much better than expected PMI print.
It feels like the thread is having a lot more "other" stuff lately than normal. All this COT stuff....etc. I remember when it was ONLY price action and pivots, and if you wasn't using the template provided you weren't allowed to post at all. With all of this new info being posted it's for sure going to confuse the trader who is still trying to learn Davit's pivot strategy. Price Action, Pivots, Location, News
I sincerely hope that you feel better.
when you are getting experience about the market, it starts to make sense of all the " other stuff" talking here
member ppxdf is doing an excellent job with providing useful " other stuff " for us and showing the importance of " other stuff" with PIVOT trading
try to follow " other stuff" also. if not you will start to wonder when your account get blown up, ' what the fuck just now did happen"
one person opinion , doesn't represent thousands of people's opinion
those charts were very useful for all of us.
please post them back
Just to clarify. Core method principles are solidly traded PPE Pivot /Price Action/ Events
Extra info other key members post is up to you if you find them useful or not.I traded years without any Cot Report but I am open to see how our key core members think and act.I learn from them as they learn from me....
This thread has involved on very high level.Core members performing exceptionally well and its testament to the fact that there is synergy here
I have 2 support subscriptions. I pay $ 133 / month monthly.
Sometimes I post something that I consider relevant, but I usually delete it less than 1 hour when I realize that the post was useless, when no one comments or show any sign that the information was interesting.
That way, it doesn't really confuse people and let's make the topic cleaner with relevant things.
In memory of Leonard Cohen whom I deeply loved as an artist and a poet
AUD, EUR, GBP have lots of data incoming this week. CAD and USD less, but with some important one.
AUD Monetary Policy Meeting Minutes On the last OCR announce Lowe gave positive inputs on the australian economy, although coronovirus problem. These positive feelings should continue, but the most important data to watch is the employment change, later this week.
EUR German ZEW Economic Sentiment Forecast of 20 from 26.7 Five consecutive green data with an overall increase from -44.1 in Aug 2019 to 26.7 in Jan 2020. Negative data are expected. However, Eur is very overstreched, so a negative read could have little or no impact.
AUD Wage Price Index q/q Forecast of 0.5% from 0.5% A positive data could give some strength to AUD. Note: data of 0.4 or less have come out only 2 times (both in 2016) in the last 20 years.
GBP CPI y/y Forecast of 1.7% from 1.3% Positive data are expected here. Generally it sounds a mixed bag between y/y data and m/m data (check FXStreet for full data). Anyway I consider CPI more important than PPI, so I see more positive expectations.
GBP PPI input m/m Forecast of -0.5% from 0.1%
CAD CPI m/m forecast of 0.3% from 0.0% Positive expectations from all calendars. This could give strength to my UC shorts. I will watch AC, NC and GC if some good opportunities appear
USD Core PPI m/m Forecast of 0.2% from 0.1% With the actual USD I don't think that this will have impact with a positive data
USD PPI m/m Forecast of 0.1% from 0.1%
USD FOMC Meeting Minutes Could they say something about future possible rate cut due to coronavirus problem? In this case USD could really go down quickly
AUD Employment Change Forecast of 10K (30K FXStreet) from 28.9K
AUD Unemployment Rate Forecast of 5.2% from 5.1% Unemployment Rate decreased for two consecutive months, could it stay at 5.1%? Negative data are expected. To watch
GBP Retail Sales m/m Forecast of 0.7% from -0.6% Very positive expectations. This could drive up GBP a little bit to sell it at a better price. I watch GC
EUR ECB Monetary Policy Meeting Accounts Not much to say. Economic growth in EZ is really really weak. Anyway, EUR is extremely oversold, so this could be an opportunity for a retracement
EUR French Flash Services PMI Forecast of 51.4 from 51
EUR French Flash Manufacturing PMI Forecast of 50.8 from 51.1
EUR German Flash Manufacturing PMI Forecast of 44.8 from 45.3
EUR German Flash Services PMI Forecast of 53.9 from 54.2 The same idea of Thursday. Expectations here are not so great, but with the actual price of EUR, also the smallest green data could give some strength
GBP Flash Manufacturing PMI Forecast of 49.7 from 50.0 Negative expectations to give some help on EG and GC?
GBP Flash Services PMI Forecast of 53.4 from 53.9
CAD Core Retail Sales m/m Forecast of 0.4% from 0.2% Mixed data. Important to watch for our CAD positions.
CAD Retail Sales m/m Forecast of 0.1% from 0.9%
USD Flash Manufacturing PMI m/m Forecast of 51.5 from 51.9 Last opportunity of the week to see USD weakening
Coronavirus topic. Reading different news, long story short, I cought various negative news, BUT, I noted the general idea that the contagiuos is weaker in the last days and signs of slowing down are more frequent. Of course we have always have to wait for more info.
In the meanwhile, I am spotting different great scenarios on AC, AU, GC, NC, UC.
Should EU rally from its extreme lows that may trigger other majors to rally likewise.Not saying to scare you but usually the case.
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