10 Daily Forex trading tips


Commence your day with the daily forex trading tips, outlining lots of trade opportunities for traders globally to benefit from. Trade cautiously as the focus is on GBP and USD. What about the NZD?

14th September AtoZ Forex – GBP and USD are the main focus today ahead of the data releases from the UK and USD. Are you bearish on GBP?

High impact news -14th Sept 2016

# 1 UK -@ 9:30am BST

Average Earnings Index – Previous 2.4%; Forecast 2.1%; Currency affected: GBP

Forex Trading Tips – Market expectation is to be on the negative side. A figure below the forecasted data , traders can expect GBP to depreciate.

# 2 UK -@ 9:30amBST

Unemployment Change – Previous: -8.6k; Forecast: 1.7k; Currency affected: GBP

Forex Trading Tips – The market expectation is an increase in claimant count means GBP would depreciate.

# 3 USA-@ 3:30pm BST

Crude Oil Inventories– Previous: -14.5M; Forecast: 2.8M; Currency affected: USD

Forex Trading Tips – There is no clear consistent effect as there are both inflationary and growth implications.  Trade cautiously

# 4 NEW ZEALAND-@ 11:45pm BST

GDP q/q – Previous: 0.7%; Forecast: 1.1%; Currency affected: NZD

Forex Trading Tips – The market expectation is for positive data and if better than the forecasted data expect NZD to appreciate.

Currency Pairs – Daily Forex Trading Tips

#5 AUD forex trading tips

The AUD had a missed performance and recovered some of its lost ground in the Asian session.

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

Also see: Daily Free Forex Signal

#6 CAD forex trading tips

The CAD performance was neutral side in the Asian session.

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

#7 EUR forex trading tips

The EUR performance was neutral in the Asian session.

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

#8 GBP forex trading tips

The GBP performance was missed leaning on the bearish side in the Asian session.

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

#9 JPY forex trading tips

The JPY declined during the mid-Asian session.

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

#10 USD forex trading tips

The USD performance was on the neutral side in the Asian session.

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

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