EURUSD 1 HOIUR CHART – POWER OF 50?
So US data giveth and US data taketh as 1.10+ has failed to hold again.
With 1.0950 being tested, it now becomes the bias setter with 1.0948 a support level. Should 1.0948 be broken, there is a void until 1.0908-13.
So let’s see how the Power of 50 level dictates what comes next.
IS IT WRONG TO CHARGE STUPID ?
nice repeating cash cow:
“Firms Hit With More Than $475 Million in Fines for Failing to Monitor Traders’ Texts” – WSJ
making “user fee” from mostly beautiful folks who wash their hair twice-a-day, are beautiful and have superior education but are stupid is …… OK.
Does it diminish anyone’s reputation ?
A look at the day ahead in U.S. and global markets from Mike Dolan
With the inflation picture under control and market volatility back in its box, summer trading doldrums may well resume as long as the U.S. retail picture holds up later on Thursday.
Morning Bid: Doldrums at last, with US retail and China housing in focus
Next focus is on US data, Retail sales and weekly jobless claims, which have jumped from being a third tier to almost a first tier report.
See our Economic Calendar
GBPUSD DAILY CHART – 1.2850-00
GBPUSD 1.2850 setting up as the intra-day bias setter with some support coming from a softer EURGBP (after being bid yesterday).
Note the fibo levels, and resistance on this chart, making 1.2850-00 the zone that needs to be overcome to suggest more scope on the upside.
AUDUSD 4 HOUR CHART – HOW DO YOU SPELL WHIPSAW?
Whipsaw: In trading, a whipsaw is a slang term that describes a volatile market where price suddenly moves in one direction and then quickly reverses.
AUDUSD jobs report whipsaw: .6588 => .6556 => .6627
Key resistance Wed’s .6643 high and then a void (major level .6713)
Nothing to speak of on the downside in way of support so look for a bid if it can stay above .66–.
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