Trading Ideas - 31st Of July - Forex Forum

 
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> Trading Ideas - 31st Of July
Arnaud Jeulin
post Jul 31 2008, 7:06
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Hello,
The day before the Nonfarm Payrolls day... smile.gif
There are a lot of economic news today. At 9:00 GMT EUR will be shaked (or not) by the Consumer Price Index and at 12:30 GMT it will be the turn of CAD with the Gross domestic product and USD with also the Gross domestic product and the personal consuption expenditure.

And don't forget tomorrow the Nonfarm Payrolls...

Some news about charts:

USD is still in an uptrend. In the very short term we are in consolidation

AUD USD, downtrend and consolidation, we can try to sell with a close stop loss
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EUR AUD, if the resistance breaks we will have a great uptrend
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Maybe a short term uptrend on EUR GBP in the next few days
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EUR USD, long term range but short term downtrend
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GBP USD sell and wait

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If you have few time you can read the blog of Grace Cheng. This morning they post an interesting analysis on investments in France. It's pretty rare that we talk about my country in these terms smile.gif
http://www.gracecheng.com/stocks/2008/07/3...h-another-look/
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Arnaud Jeulin
post Jul 31 2008, 13:48
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I have updated the analysis for the US session and 5 minutes later the market had reverse. sad.gif
Stop->loss->end of trading day
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