In today’s live trading session, we went over the results of the US unemployment claims and then completed analysis for the Dollar Index to determine the direction of the majors. This morning the US economy printed a result of 1.314 million job claims versus the forecast of 1.375 million. Although this may not seem like […]
In today’s live session, we focused on the fundamentals behind the recent rallies for the Euro and whether if these rallies are here to stay or if they are all smokescreens. At the start of the week, many of the European pairs seemed to be indicating a next leg down to resume the overall downtrend. […]
In today’s live trading session, we spoke about Gold’s journey to 1800 as well as trade setups for CADJPY and NZDCAD. Back in December 2019, RP Forex made a bold prediction that Gold would reach at least $1800 by the end of 2020. Fast forward to today, and Gold has already hit 1796. At the […]
In today’s live trading session, we discussed this morning’s US manufacturing data and then completed analysis to determine possible trades for the week. This morning the US economy printed a result of 57.1 versus an expectation of 50.0 for its non-manufacturing PMI. This measures the number of purchasing orders for non-manufacturing industries. Since the number […]
In today’s live trading session, we went over the trades we took during this short week and then focused on trades to take next week. Usually, the Non-Farm Payroll week is a busy and volatile week to trade. But, this week was different. We had Canada Day on Wednesday and Independence Day being celebrated today […]
In today’s live trading session, we went over the all-important Non-Farm Payroll (NFP) release and what that may entail for the Forex market. We then spent some time finding trade setups and arrived at the possibility of shorting both GBPUSD and NZDUSD. This morning we had the NFP Release and the United States economy did […]
In today’s live trading session, we discussed the important events in the week ahead of us as well as viable trade setups to take. Not only do we have NFP this week, but we also have Canada Day and Independence Day (Fourth of July). Since the Fourth of July is on Friday, the NFP release […]
In today’s live trading session, we went over the trades we took this week and then completed analysis to determine setups for next week. Similar to last week, this week we had identified numerous potential setups to enter. Despite more volume than last week, many of the promising setups remained pending. We were able to […]
In today’s live trading session, we went over the profits made from our EURUSD and EURAUD trades. We then spent the rest of the session looking at our next batch of trades that are almost ready to enter. Earlier during the London session, our short for EURUSD hit its final target of +100 pips. This […]
In today’s live trading session, we went over the profits made from our EURUSD trade, and then we discussed the possibility of shorting the other majors. Since last week, we have had a bearish bias for many of the majors, including EURUSD. Shortly after yesterday’s live session, we received confirmation on the four-hour time frame […]