Nakedchartanalysis
XAUUSD UPDATEnote
ECB CPI Flash Estimate y/y & Core CPI Flash Estimate y/y missed expectation
Weak USD bcoz of ISM Non-Manufacturing PMI forecast 58.1 lower then previous 58.8
TRADE PLAN
sell at red line if actual data ISM Non-Manufacturing PMI release higher might c pullback and close 1/2 postion
sl 50pips below 1300
good luck
cheers
GBPJPY IDEAreason to short gbp
Carney presses pause on market expectations of May rate hike
cpi data lower than previous
reason to short jpy
long ways from 2% inflation
both r weaker....
mayb sideway for this week
range 151.755 - 150.681
plan
close half position at 151.755
enter short 151.755 sl 300pips
GBPUSD UPDATEreason to sell:
Carney presses pause on market expectations of May rate hike
GBP CPI data act 2.5 vs prev 2.7
Data to look :
GBP
Prelim GDP q/q
BOE Gov Carney Speaks
USD
CB Consumer Confidence
Advance GDP q/q
sentiment:
trade war between us dan china
$100b tariff
comment frm china about tariff may give impact to USD