The Forex Daily Summary - 24/10/2023
12 High impact news event for tomorrow, 16 trade ideas/signals - Aussie CPI, German Business climate, US building permits/home sales and Canadian rate decision
In todays edition we discuss:
12 High impact news event for tomorrow
16 Trade ideas/signals
NOTE: If a Trade idea becomes a valid Signal, Premium Members are notified Immediately via email
If you just want to check out tomorrows trade ideas, skip to the heading “Want to trade the news?”
Table of Contents:
Todays high impact news analysed
High impact news for tomorrow (Fundamental Analysis)
-For Premium Subscribers-
Trade ideas/which pairs to watch and what directions (Buy or Sell) to trade the news
Positioning of retail traders (Sentiment analysis)
Technical Analysis (my take profit, stop loss, and conditions for entry)
Tomorrows High Impact News
Apologies for the month long hiatus, been a busy month, haven’t been trading, but I’m getting back into it and I’ll be resuming the daily posts.
As always, If these news events catalyse a trade, premium members will be notified via email
Now the Juicy bit - want to trade the news?
trading during these big news events can be risky, so when people trade around high volatility news events, they need to be very careful and have a plan to manage the risks. They also need to be ready to handle their emotions, like feeling scared or excited, so they don't make bad decisions.
Below we will go through the possible scenarios of what might happen tomorrow, specific pairs to watch and the direction (buy or sell) to enter, given the possible scenarios
This should be considered as a preliminary analysis, further analysis is done on the day of the news, and updates and trade signals (if they are valid) are provided via email.
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The high impact news events for tomorrow will be taking place on the AUD, CAD, EUR and USD
There is no medium impact news expected
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