Looking ahead at week 32 and reviewing week 31
Review week 31Result: 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 32This 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
|14:00||UK||GBP||NIESR GDP Estimate (3M) (Jul)|
|09:30||UK||GBP||Bank of England Quarterly Inflation Report|
|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|
|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)|