OctaFX Analytics

2021-07-05 14:29:42 TRADING IDEA
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Trading system - AUTOCHARTIST

#GBPUSD

Target Level: 1.3891
Target Period: 21 hours
Interval: 30 minutes
Pattern: Resistance

Broke through Resistance level of 1.3844 at 05-Jul-12:30
Supported by Upward sloping Moving Average Open / Comment

2021-07-05 13:47:42 https://www.octafx.com/market-insights/trading-idea/2021-07-05-intraday-eurusd-is-possibly-bullish Open / Comment

2021-07-05 11:10:08 #weekly_forecast

Week Jul 5 - 11

Market focus

FOMC MEETING MINUTES LIKELY TO SET THE MARKET TONE

During the upcoming trading week the release of the FOMC Meeting Minutes from the June policy meeting is likely to set the tone for financial markets. Markets participants will likely be anticipating a more hawkish tone from the United States central bank.

Key events:

Monday 5th July, Australian Retail Sales

Tuesday 6th July, RBA Interest Rate Decision

Wednesday 7th July, FOMC Meeting Minutes

Thursday 8th July, US Continuing Jobless Claims

Friday 9th July, Canadian Employment Change


Read more details here Open / Comment

2021-07-05 10:55:40 OctaFX Analytics pinned a photo Open / Comment

2021-07-05 10:55:33 OctaFX Analytics pinned a photo Open / Comment

2021-07-05 08:00:02 ​​#webinars_schedule

Hello! We want to announce the upcoming webinars to be held this week:

5/07, 8 PM PKT - URDU Webinar 'Candlestick Charts' with Ashraf Noor

6/07, 9 PM IST - HINDI Live trading session with Manish Patel

6/07, 9 PM MYT - ENGLISH Live trading session with Kar Yong Ang

7/07, 7 PM WIB - BAHASA INDONESIA Live trading session with Vito Henjoto

8/07, 9 PM IST - HINDI Live trading session with Manish Patel

8/07, 9:30 PM MYT - BAHASA MELAYU Webinar 'CDS Back-Test and Forward-Test' with Gero Azrul

8/07, 7 PM WIB - BAHASA INDONESIA Live trading session with Eko Bagus Setiawan

9/07, 9 PM IST - HINDI Q&A session with Manish Patel Open / Comment

2021-07-05 07:00:30 TODAY’S HIGHLIGHTS

Markit Services PMI, Germany
Markit PMI Composite, euro zone
Markit Services PMI, UK

This affects:
EUR and its subsequent pairs
GBP and its subsequent pairs

ECONOMIC CALENDAR Open / Comment

2021-07-04 10:21:01 #weekly_review

Jun 28 - Jul 4

U.S. DOLLAR STRENGTH WAS THE BIG MARKET THEME OF THE WEEK

Key events:

U.S. dollar strength
Broad based strength in the US dollar currency was a major trading theme this week as the greenback made strong gains against a basket of top currencies, such as the euro, British pound, Japanese yen, Australian dollar, and Canadian dollar.

Sterling Doldrums
The British pound currency incurred heavy losses against the US dollar this week as traders moved into greenback due to improving US data.

Bitcoin Undecided
Bitcoin had another undecided week on the cryptocurrency market as the top cryptocurrency recovered back towards the $36,600 level and then gave back all of its hard-fought trading gains.

Oil breakout
WTI and Brent oil hit fresh 2021 trading highs this week as demand pressures continued to increase and OPEC agreed to leave oil output constraints largely in place.

Read more details here Open / Comment

2021-07-02 07:38:22 TODAY’S HIGHLIGHTS

Nonfarm Payrolls, USA
ECB's Nominated President Lagarde speech, euro zone

This affects:
EUR and its subsequent pairs
USD and its subsequent pairs

ECONOMIC CALENDAR Open / Comment

2021-07-01 07:00:01 TODAY’S HIGHLIGHTS

Manufacturing PMI, euro zone
Manufacturing PMI, UK
Initial Jobless Claims, USA
ISM Manufacturing PMI, USA

This affects:
EUR and its subsequent pairs
GBP and its subsequent pairs
USD and its subsequent pairs

ECONOMIC CALENDAR Open / Comment