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EURUSD Pivot Point | Forex Economic Calendar


Aug.04.2016

EURUSD Pivot point remains at 1.11 and the pair seems to be heading back that direction. What's next? Check out today's update reporting on the remaining of the trading week. Checkout the outlines here and I'll get in more detail during our private coaching time.

AUDUSD forming Head and Shoulder - Kiana Danial of Invest Diva Reports EURUSD Pivot Point Forex Economic Calendar - Kiana Danial of Invest Diva Reports

Economic Calendar

Thursday

Thursday BIG day for the GBP traders as the UK will be dumping a ton of important data starting with BoE Asset Purchase Facility for August at 11 AM GMT, which is the value of money the BoE plans to create and inject into the economy through open market bond purchases as a way to influence long-term interest rates. At the same time, they will release their Interest Rate Decision, Monetary Policy Summary, alongside with the minutes of the BoE MPC meetings. At 11:30 BOE's Governor Carney gets on stage to give opinion on the results, and perhaps signal future direction of the economy.

Forex Coffee Break with Invest Diva. Start today.

During the New York session we have the US Initial Jobless Claims at 12:30 PM.

Later during the next day’s Sydney session we have the AiG Performance of Construction Index out of Australia at 11:30 PM GMT to end the trading day

Friday

First thing during Friday’s Asian session was the RBA Monetary Policy Statement released by the Reserve bank of Australia at 1:30 AM GMT, followed by Japan’s Leading Economic Index at 5 AM.

We have mostly a low-key London session, awaiting the all important nonfarm payrolls and Unemployment Rate released by the US Department of Labor at 12:30 PM GMT during the New York session. Canada will also be releasing their  Unemployment Rate at the same time, and the combination could create a fair bit of volatility in the USD/CAD pair in particular.

So don’t forget to manage your risk properly before aiming to take advantage of the potential opportunities.

 

EURUSD Pivot Point - Technical Analysis

The EUR/USD pair attempted to break inside the Ichimoku cloud on Wednesday, however it changed direction back towards the EURUSD pivot point of 1.11. The sentiment still appears to be bearish with 1.0950 as first bearish target, with the Ichimoku cloud acting as resistance.

Forex Coffee Break with Invest Diva. Start today.

EURUSD Pivot Point - Technical Analysis EURUSD Pivot Point - Technical Analysis

Trading Strategy

Long term bearish as long as the pair remains below Ichimoku. Resistance is set at 1.13. and 1.15 in extension.

you look like an invest diva join the movement button

 xoxo

Kiana 喜愛成
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