Starting the day

Hello everybody, sorry I’m late, I have some urgent things to attend. Anyway.. it’s not that much to say right now, as we are waiting for the two main event of the day: ECB rates and US Payrolls. Both reports, as you now are market movers, and taking a look at the charts, is easy to predict where everyone is focused: the Euro and commodities currencies. So if you like to risk some more on your trading, those will be the pairs for you today. Being a bit more conservative, you should follow GBP and Japanese Yen, that have enough self life to avoid “selling the rumor, buying the news”. From the technical point of view, sure dollar remains weak all across the board, yet at least these two pairs are giving signs of exhaustion, correction, for the next hours. The problem is that those technicals loss meaning today, at least until the end of the fundamental storm.

Anyway, I will be posting probable target zones in both ways if movements are as I expect, and extremes for today, where we could see some rebounds.

I’ll be back some minutes before the chaos, and then I will be covering LIVE the nonfarm Payrolls, while my college, Mr Sunil Mangwani will be covering the ECB decision. Meanwhile, you can read some material about what to expect for today, in this Marina Schiaffino great preview:

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