10 Daily Forex trading Tips


Start with the daily forex trading tips ahead of the news from the ECB and Mario Draghi’s speech. Are you a Bull or Bear today?

13th September AtoZ Forex – The day started with good news from China and with further three (3) high impact news this morning affecting GBP and EUR. Will the 13th of September favour the GBP or EUR?

High impact news -13th Sept 2016

# 1 CHINA -@ 3:00am BST

Industrial Production – Previous 6.0%; Forecast 6.2%; Actual: 6.3%; Currency affected: CNY

Forex Trading Tips – As per market expectation the actual results were reported to better than forecast.

# 2 UK -@ 9:30amBST

CPY y/y – Previous: 0.6%; Forecast: 0.7%; Currency affected: GBP

Forex Trading Tips – The market expects a positive inflationary data. Anything above that forecast will indicate further bullish direction for the GBP.

# 3 GERMANY-@ 10:00am BST

German ZEW Economic Statement– Previous: 0.5; Forecast: 2.8; Currency affected: EUR

Forex Trading Tips – The market expects a positive data indicating strong optimism on the economic health.

# 4 EUROPE-@ 10:00am BST

ECB President Draghi speaks– non-data; Currency affected: EUR

Forex Trading Tips – The market expects a continued dovish stance. Trade cautiously, with bearish bias on the EUR.

Currency Pairs – Daily Forex Trading Tips

#5 AUD forex trading tips

The AUD continued to depreciate at a slower rate in the Asian session.

Forex Trading Tips – On intraday (H1 TF) the bias currently is on the neutral with price action remains flat, probably in anticipation of ECB and other high impact news out of UK and Germany..

#6 CAD forex trading tips

The CAD performance was mixed leaning towards the bearish side in the Asian session.

Forex Trading Tips – On intraday (H1 TF) the bias currently is on the bearish direction against the EUR, CHF, GBP, JPY, USD and bullish AUD, NZD.

#7 EUR forex trading tips

The EUR performance continued to be bullish/neutral in the Asian session.

Forex Trading Tips – On intraday (H1 TF) the bias currently is on the bullish direction against the AUD, CAD, GBP and bearish USD. Expect volatility this morning during the ECB news event.

Also see: Daily Free Forex Signals

#8 GBP forex trading tips

The GBP continued to gain ground at a slower pace against the AUD, CAD, and NZD in the Asian session.

Forex Trading Tips – On intraday (H1 TF) the bias currently is bullish against the AUD, CAD, EUR, NZD and bearish against the CHF, JPY, USD.

#9 JPY forex trading tips

The JPY recovered its position after its decline during the mid-Asian session.

Forex Trading Tips – On intraday (H1 TF) the bias currently is on the bullish direction against the AUD, CHF, CAD, GBP and NZD.

#10 USD forex trading tips

The USD performance was mixed biased towards neutral side in the Asian session.

Forex Trading Tips – On intraday (H1 TF) the bias currently is on the bullish direction against the AUD, CAD, CHF, EUR, GBP and JPY.

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