Looking ahead at week 32 and reviewing week 31

Review week 31

Result: 1R in open position on Brent Oil, -0,2R on open position on USDJPY

Last week was a crazy volatile week for all Euro related pairs. So I did not trade them. I did get an entry long on Brent Oil that finally shot up on Friday. After my entry short on the USDJPY the position just kept moving side ways. I am still positive it will break down. All Ichimoku signals are still bearish and so is the price action. I have an extra sell order on the 77,86 level just to take adventage of a downward play.

Looking at week 32

This week is all about the USD when it comes to the Ichimoku cloud analysis. There are no major USD related news event. However, there are some major news events related to the CAD and AUD. All and all, I will be keeping an eye on trading the following pairs in following directions.

Long: AUDUSD, NZDUSD, Brent Oil, SPX500
Short: USDJPY, USDCAD

Gold did not close above the 1625 level and bounced lower. Friday it found support in the kumo and moved up and closed above the cloud. It seems like spot Gold is moving in an ever tighter range with an upward sloping support trendline and the horizontal resistance at 1625.

Economic calendar week 32

GMT Event
Aug 07
14:00 UK GBP NIESR GDP Estimate (3M) (Jul)
Aug 08
09:30 UK GBP Bank of England Quarterly Inflation Report
Aug 09
01:30 CN CNY Consumer Price Index (YoY) (Jul)
01:30 CN CNY Producer Price Index (YoY) (Jul)
01:30 AU AUD Unemployment Rate s.a. (Jul)
01:30 AU AUD Employment Change s.a. (Jul)
08:00 EMU EUR ECB Monthly Report
Aug 10
01:30 AU AUD RBA Monetary Policy Statement
06:00 DE EUR Harmonised Index of Consumer Prices (YoY) (Jul)
06:00 DE EUR Consumer Price Index (YoY) (Jul)
12:30 CA CAD Unemployment Rate (Jul)
12:30 CA CAD Net Change in Employment (Jul)
Source: fxstreet.com

Comments