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Daily Forex Signal and Analysis.


Same as yesterday, today we have bunch of fundamental event in asian, european, london & US session. All forex traders eyes will be watching closely what the data will be. With the current market condition, i think cross currency @ vs yen currency has possiblely hit the bottom. Main event for this week is NFP which will be held in friday.

BTW, i like to focus in today events that i think is very important. In asian session, we have Trade Balance that concern AUD currency. But, i think i want to skip that. 16:00 gmt +8, we have Halifax HPI m/m. Market is expect data to lower than previous which is -1.8% vs previous -1.7%. But i personally think that untill NFP report release on friday, market will consolidate and maybe we can see some volatile retesting both medium term resistant and support. Below is Halifax HPI data history for previous month:

Halifax HPI data historyToday in london session we have 2 banks that will release interest rate which is Bank of EnglandEuropean Central Bank. By the previous market sentiment and inflation data, i think both banks will keep rate the same. BOE will release data at 19:00 gmt +8 and ECB will release data at 19:45 gmt +8.

Bank of England rate history Bank of England previous history

European Central Bank data historyEuropean Central Bank previous history

Later in US session, we have ADP Non-Farm Employment Change that will give traders some hint about friday NFP data. Market is expect data to be -30k lower than previous 9k. Below is ADP Non-Farm Employment Change previous history:

ADP Non-Farm Employment Change previous historyInstitute for Supply Management will release ISM Non-Manufacturing PMI later at 22:00 gmt +8. Market is expect data to be lower than previous which is 49.4 forcast and 49.5 previous. Below is ISM Non-Manufacturing PMI previous history:

ISM Non-Manufacturing PMI previous history

1- Forex signal for gbp/usd - Buy @ 1.7730
Status - Closed @ 1.7830 +100 pips.
2- Forex signal for gbp/jpy - Buy @ 191.75
Status - Closed @ 193.00 +125 pips.
3- Forex signal for eur/usd - Buy @ 1.4470
Status - Closed @ 1.4520 +50 pips
4- Forex signal for eur/jpy - Buy @ 156.70
Status - Closed @ 157.50 +80 pips.


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