EURUSD

Price has been ranging here a while.
A fast break of todays low will bring out the buyers.
Otherwise there’s nothing to see yet.

Monday
On the whole, the economic calendar this week does not contain many macroeconomic reports, though it is traditionally sparse on Monday. The only report to take notice of is a house price index from Halifax. The UK house price inflation is expected to accelerate to 3.4% from 1.8% that is certainly bullish to the pound sterling.
Tuesday
Tuesday is more interesting in terms of economic data. On early morning, Switzerland will report on its unemployment rate which is projected to remain flat. So, market participants are likely to neglect it. The US producer price index is worthy of note later in the global trading day. The factory inflation in the US could edged down to 1.7% from 1.8 that will alarm investors for sure. Thus, the US dollar will come under pressure.
Wednesday
Wednesday is the main day of the week with the minutes of the FOMC policy meeting as a focal point. Before that publication, traders will get to know JOLTS job openings. This measure of job vacancies is expected to increase to 7,368 from 7,217. However, such positive news will be overshadowed by data on the US wholesale inventories which are likely to grow by 0.4%. Notably, wholesale inventories have been expanding for at least two years. As for the minutes of the policy meeting of the US rate-setting committee, investors are eager to find out Fed’s assessment of the domestic economic conditions and the outlook for medium term. Earlier, Jerome Powell stated that the central bank had not discovered any evidence of recession. Recently, recession worries have become the burning issue. There is a likelihood that the minutes will reveal positive assessment of the US economy as well as its sound prospects. This will make a benign impact on the US dollar.
Thursday
On Thursday, the UK is due to release data on the industrial production which could continue its contraction. The indicator is expected to worsen its slump to 1.1% from a 0.9% decline. The highlight of the day will be final data on inflation in the US. The revised data is likely to coincide with the flash estimate which suggests a downtick to 1.7% from 1.8%. Even a minor decrease in an inflation rate is set to shaken the US dollar’s strength.
Friday
On Friday, the only report to consider will be data on Canada’s labor market. Nearly all metrics are expected to remain unchanged except for employment which could add 40,200 new jobs from solid growth of 81,100 in the previous month. Therefore, a lower employment rate will be viewed by investors as a negative factor that will push the Canadian dollar down.

when trading big lots always decide your trades on weekly charts then scale down to get the finer moves

never go against weekly

its not tough to decide what the market wants

trade what the market wants not something which has no demand

i have been selling all peaks and earning huge swaps too

my live account increased 4000% just by following simple carry trade concepts, because my tradeable margin kept increasing with each trade

its basic business rule trade to meet demand and avoid areas which have over supply

simple example

there was demand - market went up

at the top demand decreased but people ignored the signs and kept buying - price went a little higher

then when the demand vanished >>>>>>>>>>>>>>

right now bulls are in control but demand is falling

in hindi we say MACD >> Market Ca Demand

Trading demand has also one more interesting fact
how long your investment remains STUCK
if you trade demand then for a very short time
if you decide to be RAMBO or HE-MAN then .....

which fundamental news event has the power to break this stalemate ..........

usdx apparently in a last leg down to up start again, so eurusd up for the last times to see

gold prices in usd hmmmmmmmmmm

when gold goes up usd weakens hmmmmmmmmmmm

demand for gold is falling hmmmmmmmmmm

likely most times .still afloat but waiting for limits test in 2 waves , so present may try for 1480/74 down to try again for 1500 + before final dive !! lets see or Tanking !!

options levels for today. 1000 is heavy again.

EUR/USD

1. 1.1005 1.1bn euro
2. 1.1050 518m
3. 1.1055 806m

USD/JPY

1. 106.50 1.3bn usd
2. 107.65 765m
3. 107.80 1.4bn
4. 108.00 450m

GBP/USD

1. 1.2315 237m GBP
2. 1.2320 255m
3. 1.2330 401m
4. 1.2400 374m

when carry trade is lucrative people sell gold and get into carry trade
when carry trade dies people buy gold

usdjpy is the best example
bank rates of usa
bank rates of japan
and ........ demand

plan for today.

LMT SELL 1000 SL 1015 TP 0955 (+45)
LMT BUY 0955 SL 0935 TP 0985 (+30)

how to find what to trade

hypothesis1