10 Forex Trading tips for 9th November


Forex trading tips for today as history is made in the US Presidential elections, as Mr Donald Trump becomes the 45th President of the USA. As the US dollar, equities plunged, what next for the markets? Was this USA’s electoral 9/11? Bullish USD? 

9th November AtoZ Forex – Forex trading tips for today as the markets take a tumble. Congratulations to Mr Donald Trump for becoming the 45th President of the USA.  Will investors take advantage of the drop in the value of equities? Bullish USD? Is December interest rate hike still on? Is the world going into another recession as mistrust between nations grow?

There is four (4)  high impact data news events today.  There are two (2) high impact non-data based events today.

AtoZforex Hint: Do not trade on a single news event look at the total picture when news releases are at similar times.  

 # 1 USA – @3:30pm GMT

Crude Oil Inventories – Previous 14.4M; Forecast 1.3M; Currency affected: USD

Forex Trading Tips – This measures the change in the number of barrels of crude oil held in inventory by commercial firms during the past week. There is no consistent effect as there are both inflationary and growth implications.  Market expects an increase in the oil inventories. Traders should trade cautiously and expect swings in both direction.

 # 2 NEW ZEALAND – @ 8:00pm GMT

Official Cash Rate –Previous 2.00%;  Forecast 1.75%; Currency affected: NZD

Forex Trading Tips – This is a measure of the the Interest rate at which banks lend balances held at the RBNZ to other banks overnight.  Market expects an cut in interest rate, if the actual is less than forecast, expect NZD to depreciate.

 # 3 NEW ZEALAND – @ 8:00pm GMT

RBNZ Rate statement – non-data news event; Currency affected: NZD

Forex Trading Tips – This is RBNZ communicates to investors about monetary policy and details outcome of their interest rate decision.  Markets will look for clues on the outcome of future decisions. Market expects an cut in interest rate and if a more hawkish statement is detected by traders then expect NZD to appreciate.

# 4 NEW ZEALAND – @ 9:00pm GMT

RBNZ Press Conference – non-data news event; Currency affected: NZD

Forex Trading Tips – The RBNZ Governor will go through a prepared statement  then will take questions from the press. Markets will look for clues on the future monetary policy. If a more hawkish statement is detected than expected, then NZD to appreciate.

 AtoZ Forex Daily Free Forex Signals,

Currency Pairs – Daily Forex Trading Tips

#5 AUD forex trading tips

The AUD performance was bearish in the Asian session.

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

#6 CAD forex trading tips

The CAD performance was choppy as expected in the Asian session.

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

#7 EUR forex trading tips

The EUR performance was choppy in the Asian session.

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

#8 GBP forex trading tips

The GBP performance was choppy like the EUR  in the Asian session.

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

#9 JPY forex trading tips

The JPY performance was up then down in the Asian session.

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

#10 USD forex trading tips

The USD performance was choppy, dropping then regaining lost ground in the Asian session.

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

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