7 Forex Trading tips for 6th October


Read today’s forex trading tips ahead of Unemployment Claims data and NFP tomorrow from the USA . Will FED increase rates in Nov? Bullish or Bearish USD?

6th October AtoZ Forex – Today’s forex trading tips with Unemployment change data release later today, what can we expect for USD?  Bullish or Bearish?

High impact news

Those trading the Asian session, saw Australian trade balance deficit decrease to -2.01B.   There is only one (1) remaining high impact news events today.

 # 1 USA –@ 1.30pm BST

Unemployment Claims – Previous 254k; Forecast 255k; Currency affected: USD

Forex Trading Tips – This data is a measure of the number of individuals who filed for unemployment insurance for the first time during the past week Market expectation is for an increase, however, if actual is lower than the forecast, expect USD to appreciate.

Currency Pairs – Daily Forex Trading Tips

#2 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 CAD, CHF, EUR, NZD, USD although this may just be a short term correction and bearish against GBP.

#3 CAD forex trading tips

The CAD performance was mixed in the Asian session.

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

Also see: Daily Free Forex Signals

#4 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 bearish side against the AUD, CAD, GBP, USD and bullish against the CHF.

#5 GBP forex trading tips

The GBP performance was mixed in the Asian session.

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

#6 JPY forex trading tips

The JPY performance was bullish / mixed in the Asian session.

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

#7 USD forex trading tips

The USD performance was on the neutral leaning towards bearish direction in the Asian session.

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

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