The Forex Daily Summary - 25/10/2023
12 High impact news event for tomorrow, 10 trade ideas/signals - Spanish unemployment, ECB rate decision/deposit facility, US goods orders, GDP, jobless claims and pending home sales
In todays edition we discuss:
12 High impact news event for tomorrow
10 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)
Todays High Impact News
AUD - CPI (Q3)
AUD - RBA Trimmed Mean CPI QoQ (Q3)
AUD - RBA Weighted Median CPI YoY (Q3)
AUD - RBA Weighted Median CPI QoQ (Q3)
AUD - Inflation Rate YoY (Q3)
AUD - RBA Trimmed Mean CPI YoY (Q3)
AUD - Monthly CPI Indicator (Sep)
EUR - German Ifo Business Climate (Oct)
USD - Building Permits (Sep)
USD - New Home Sales MoM (Sep)
USD - New Home Sales (Sep)
CAD - BoC Interest Rate Decision
Tomorrows High Impact News
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 EUR and USD
There is medium impact news scheduled on the GBP
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