The Forex Daily Summary - 29/10/2023
6 High impact news event for tomorrow, 4 trade ideas/signals - Aussie retail sales, Spanish inflation, German GDP and inflation
In todays edition we discuss:
6 High impact news event for tomorrow
4 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)
Fridays High Impact News
EUR - Spanish Retail Sales MoM (Sep)
EUR - Spanish Retail Sales YoY (Sep)
USD - Core PCE Price Index MoM (Sep)
USD - Personal Income MoM (Sep)
USD - Personal Spending MoM (Sep)
USD - Core PCE Price Index YoY (Sep)
USD - PCE Price Index YoY (Sep)
USD - University of Michigan Consumer Sentiment (Oct)
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 AUD and EUR
There is medium impact news scheduled on the CHF, JPY, GBP and USD
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