Update on last post - Still long-term on euro
I am making this post to update my last idea and Strengthen it Fundamentally. As we all remember I mentioned that the U.S Economy is stumbling and all of this started on the release ISM Manufacturing PMI which was "negative news", followed by ADP Non-Farm Employment Change also "negative news", followed by Crude Oil Inventories "negative news", and now today ISM Non-Manufacturing PMI "very negative".
I am expecting huge Euro boosts tomorrow on the release Average Hourly Earnings m/m and I am expecting it to be negative, followed by Non-Farm Employment Change, followed by
Unemployment Rate. Later tomorrow as well, chair powell will have a speech which could influence the market.
Now with all that being said, please be cautious when you are trading, as Friday's tend to be filled with fluctuations and breakouts. Tomorrow should be a strong Bullish Euro day in my opinion!
Don't use this idea to trade, and Good luck!
I am expecting huge Euro boosts tomorrow on the release Average Hourly Earnings m/m and I am expecting it to be negative, followed by Non-Farm Employment Change, followed by
Unemployment Rate. Later tomorrow as well, chair powell will have a speech which could influence the market.
Now with all that being said, please be cautious when you are trading, as Friday's tend to be filled with fluctuations and breakouts. Tomorrow should be a strong Bullish Euro day in my opinion!
Don't use this idea to trade, and Good luck!