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"Я в форексе с 2005 года.
Ознакомьтесь с этим продуктом:
https://www.mql5.com/en/users/soubra2003/seller
Многообещающие торговые сигналы по US30 и американским акциям:
https://www.mql5.com/en/signals/1770631
https://www.mql5.com/en/signals/2091904
Для мгновенной поддержки, присоединяйтесь к этой группе в WhatsApp:
https://chat.whatsapp.com/LItGOMZbpvN730NDA3fJ9W "
Ознакомьтесь с этим продуктом:
https://www.mql5.com/en/users/soubra2003/seller
Многообещающие торговые сигналы по US30 и американским акциям:
https://www.mql5.com/en/signals/1770631
https://www.mql5.com/en/signals/2091904
Для мгновенной поддержки, присоединяйтесь к этой группе в WhatsApp:
https://chat.whatsapp.com/LItGOMZbpvN730NDA3fJ9W "
Mohammed Abdulwadud Soubra
Pivot: 111.40
USDJPY
Most Likely Scenario: short positions below 111.40 with targets @ 110.65 & 110.25 in extension.
Alternative scenario: above 111.40 look for further upside with 111.75 & 112.00 as targets.
Comment: the RSI is badly directed.
USDJPY
Most Likely Scenario: short positions below 111.40 with targets @ 110.65 & 110.25 in extension.
Alternative scenario: above 111.40 look for further upside with 111.75 & 112.00 as targets.
Comment: the RSI is badly directed.
Mohammed Abdulwadud Soubra
Pivot: 1.4235
GBPUSD
Most Likely Scenario: long positions above 1.4235 with targets @ 1.4325 & 1.4375 in extension.
Alternative scenario: below 1.4235 look for further downside with 1.4185 & 1.4140 as targets.
Comment: the RSI is mixed and calls for caution.
GBPUSD
Most Likely Scenario: long positions above 1.4235 with targets @ 1.4325 & 1.4375 in extension.
Alternative scenario: below 1.4235 look for further downside with 1.4185 & 1.4140 as targets.
Comment: the RSI is mixed and calls for caution.
· 1
Mohammed Abdulwadud Soubra
Pivot: 1.1415
EURUSD
Most Likely Scenario: short positions below 1.1415 with targets @ 1.1355 & 1.1340 in extension.
Alternative scenario: above 1.1415 look for further upside with 1.1435 & 1.1465 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.1415.
EURUSD
Most Likely Scenario: short positions below 1.1415 with targets @ 1.1355 & 1.1340 in extension.
Alternative scenario: above 1.1415 look for further upside with 1.1435 & 1.1465 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.1415.
Mohammed Abdulwadud Soubra
EUR/USD
During last week, the Euro succeeded to break above the symmetrical triangle that comes from 1.1497 peak, which brought to the table a strong bullish signal.
In addition, the weekly close was above 1.1375 daily resistance, reinforcing the upside pressure. As of the week ahead, the single currency is likely to continue trading higher towards 1.1500 psychological barrier as far as 1.1145 low is in place.
Meanwhile, a short-term correction to the downside cannot be ruled out and the pair may re-test 1.1290-1.1250 support zone before to begin another leg higher in the coming days.
To summarize, the outlook is bullish in this pair by now, and as far as prices keep trading above 1.1145, the upside pressure will remain strong.
Support: 1.1290-1.1250-1.1145
Resistance: 1.1440-1.1500-1.1710
During last week, the Euro succeeded to break above the symmetrical triangle that comes from 1.1497 peak, which brought to the table a strong bullish signal.
In addition, the weekly close was above 1.1375 daily resistance, reinforcing the upside pressure. As of the week ahead, the single currency is likely to continue trading higher towards 1.1500 psychological barrier as far as 1.1145 low is in place.
Meanwhile, a short-term correction to the downside cannot be ruled out and the pair may re-test 1.1290-1.1250 support zone before to begin another leg higher in the coming days.
To summarize, the outlook is bullish in this pair by now, and as far as prices keep trading above 1.1145, the upside pressure will remain strong.
Support: 1.1290-1.1250-1.1145
Resistance: 1.1440-1.1500-1.1710
Mohammed Abdulwadud Soubra
GBPJPY
The lingering impact of last week’s Sterling selloff has rolled over into this trading week with the GBPJPY facing extreme pressures just above the 158.50 support. This pair is bearish and the elevated fears over the impacts of a Brexit should provide bearish investors with a foundation to break below the 158.50 support. If the Brexit woes are not enough, then Yen strength caused by risk aversion may act as the catalyst needed for a heavy decline towards 156.00. From a technical standpoint, prices are trading below the daily 20 SMA while the MACD has crossed to the downside. Previous support at 158.50 could transform into a dynamic resistance which should encourage a further decline to 156.00.
The lingering impact of last week’s Sterling selloff has rolled over into this trading week with the GBPJPY facing extreme pressures just above the 158.50 support. This pair is bearish and the elevated fears over the impacts of a Brexit should provide bearish investors with a foundation to break below the 158.50 support. If the Brexit woes are not enough, then Yen strength caused by risk aversion may act as the catalyst needed for a heavy decline towards 156.00. From a technical standpoint, prices are trading below the daily 20 SMA while the MACD has crossed to the downside. Previous support at 158.50 could transform into a dynamic resistance which should encourage a further decline to 156.00.
· 1
Mohammed Abdulwadud Soubra
Weekly Trading Forecast: Dollar Slide and Euro, Equity Rallies Temper Yellen cut the legs from under the Dollar, but the currency hasn't simply collapsed. Market conditions may be tempering fundamental drive heading into the new quarter...
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116
Mohammed Abdulwadud Soubra
Pre US Open, Daily Technical Analysis Friday, April 01, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: further upside. Pivot: 1.1365 Most Likely Scenario: long positions above 1...
· 1
53
Mohammed Abdulwadud Soubra
Added topic iCustom with market demo indicator
Hi Is it possible to call a market indicator which is not payed yet (demo version) in mql4(mt4) in iCustom (....) function???
2
Mohammed Abdulwadud Soubra
Hi
Is it possible to call a market indicator which is not payed yet (demo version) in mql4(mt4) in iCustom(....) function???
Is it possible to call a market indicator which is not payed yet (demo version) in mql4(mt4) in iCustom(....) function???
· 1
Mohammed Abdulwadud Soubra
Latest News
Yesterday’s price action once saw the USD selling off, which at the time of writing means that the Dollar is experiencing its fifth consecutive down day, as analysts continue to push back their expectations for the next rate hike from the FED. EURUSD is currently at a 5.5 month high, while USDJPY and GBPUSD are more range bound. During the Asian session we saw Chinese manufacturing figures, which unexpectedly showed the sector expanding for the first time in eight months. Price action in AUDUSD however was somewhat muted, with the pair initially rising before paring its gains to trade almost unchanged on the day.
Today’s economic highlight will come from the North American session in the form of the US’ Non-Farm Employment Change report. With jobless claims remaining near decade lows, and the ADP report which was strong on Wednesday, sentiment remains high for this afternoon’s release. Perhaps more importantly however will be the average earnings, which are forecasted to come in at 0.2% month-on-month. Before the NFP report however, we will see manufacturing data out of the UK and employment data out of the Eurozone. Also of note is the manufacturing data out of the US, which will come in after the NFP’s release.
Yesterday’s price action once saw the USD selling off, which at the time of writing means that the Dollar is experiencing its fifth consecutive down day, as analysts continue to push back their expectations for the next rate hike from the FED. EURUSD is currently at a 5.5 month high, while USDJPY and GBPUSD are more range bound. During the Asian session we saw Chinese manufacturing figures, which unexpectedly showed the sector expanding for the first time in eight months. Price action in AUDUSD however was somewhat muted, with the pair initially rising before paring its gains to trade almost unchanged on the day.
Today’s economic highlight will come from the North American session in the form of the US’ Non-Farm Employment Change report. With jobless claims remaining near decade lows, and the ADP report which was strong on Wednesday, sentiment remains high for this afternoon’s release. Perhaps more importantly however will be the average earnings, which are forecasted to come in at 0.2% month-on-month. Before the NFP report however, we will see manufacturing data out of the UK and employment data out of the Eurozone. Also of note is the manufacturing data out of the US, which will come in after the NFP’s release.
· 1
Mohammed Abdulwadud Soubra
Pre US Open, Daily Technical Analysis Thursday, March 31, 2016
Info Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.
EUR/USD Intraday: further upside.
Prev Prev arrow
Next Next arrow
Pivot: 1.1300
Most Likely Scenario: long positions above 1.1300 with targets @ 1.1400 & 1.1450 in extension.
Alternative scenario: below 1.1300 look for further downside with 1.1280 & 1.1255 as targets.
Comment: the RSI is well directed.
GBP/USD Intraday: rebound.
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Next Next arrow
Pivot: 1.4305
Most Likely Scenario: long positions above 1.4305 with targets @ 1.4455 & 1.4515 in extension.
Alternative scenario: below 1.4305 look for further downside with 1.4260 & 1.4225 as targets.
Comment: the RSI is well directed.
USD/JPY Intraday: the downside prevails.
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Next Next arrow
Pivot: 112.85
Most Likely Scenario: short positions below 112.85 with targets @ 112.05 & 111.60 in extension.
Alternative scenario: above 112.85 look for further upside with 113.20 & 113.45 as targets.
Comment: as long as 112.85 is resistance, look for choppy price action with a bearish bias.
AUD/USD Intraday: the upside prevails.
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Next Next arrow
Pivot: 0.7610
Most Likely Scenario: long positions above 0.7610 with targets @ 0.7700 & 0.7745 in extension.
Alternative scenario: below 0.7610 look for further downside with 0.7565 & 0.7515 as targets.
Comment: the RSI is well directed.
Gold spot Intraday: key resistance at 1237.00.
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Next Next arrow
Pivot: 1237.00
Most Likely Scenario: short positions below 1237.00 with targets @ 1223.00 & 1216.00 in extension.
Alternative scenario: above 1237.00 look for further upside with 1243.00 & 1249.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (K6) Intraday: under pressure.
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Top Top arrow
Pivot: 38.71
Most Likely Scenario: short positions below 38.71 with targets @ 37.38 & 36.94 in extension.
Alternative scenario: above 38.71 look for further upside with 39.07 & 39.45 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Info Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.
EUR/USD Intraday: further upside.
Prev Prev arrow
Next Next arrow
Pivot: 1.1300
Most Likely Scenario: long positions above 1.1300 with targets @ 1.1400 & 1.1450 in extension.
Alternative scenario: below 1.1300 look for further downside with 1.1280 & 1.1255 as targets.
Comment: the RSI is well directed.
GBP/USD Intraday: rebound.
Prev Prev arrow
Next Next arrow
Pivot: 1.4305
Most Likely Scenario: long positions above 1.4305 with targets @ 1.4455 & 1.4515 in extension.
Alternative scenario: below 1.4305 look for further downside with 1.4260 & 1.4225 as targets.
Comment: the RSI is well directed.
USD/JPY Intraday: the downside prevails.
Prev Prev arrow
Next Next arrow
Pivot: 112.85
Most Likely Scenario: short positions below 112.85 with targets @ 112.05 & 111.60 in extension.
Alternative scenario: above 112.85 look for further upside with 113.20 & 113.45 as targets.
Comment: as long as 112.85 is resistance, look for choppy price action with a bearish bias.
AUD/USD Intraday: the upside prevails.
Prev Prev arrow
Next Next arrow
Pivot: 0.7610
Most Likely Scenario: long positions above 0.7610 with targets @ 0.7700 & 0.7745 in extension.
Alternative scenario: below 0.7610 look for further downside with 0.7565 & 0.7515 as targets.
Comment: the RSI is well directed.
Gold spot Intraday: key resistance at 1237.00.
Prev Prev arrow
Next Next arrow
Pivot: 1237.00
Most Likely Scenario: short positions below 1237.00 with targets @ 1223.00 & 1216.00 in extension.
Alternative scenario: above 1237.00 look for further upside with 1243.00 & 1249.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (K6) Intraday: under pressure.
Prev Prev arrow
Top Top arrow
Pivot: 38.71
Most Likely Scenario: short positions below 38.71 with targets @ 37.38 & 36.94 in extension.
Alternative scenario: above 38.71 look for further upside with 39.07 & 39.45 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Mohammed Abdulwadud Soubra
Latest News
Risk-on sentiment carried over into financial markets yesterday, following Janet Yellen’s dovish speech on Tuesday, which pushed stocks and crude oil higher while the USD-Index fell for a second consecutive day -reaching a 5-month low. Losses in USD were somewhat capped however, as the ADP Non-farm employment report showed that the US economy added 200K private sector jobs, beating estimates of 195K. This morning has seen the USD recover some of the losses against the Euro, Aussie, Loonie & Pound, with USDJPY being one of the lone exceptions as investors turn cautious ahead of important manufacturing data out of China overnight and the all-important NFP report from the US tomorrow.
The economic calendar picks up steam today, as BOE’s Governor Carney will be speaking in Tokyo shortly regarding financial stability. Elsewhere, the Eurozone is scheduled to release inflation data, while the US will publish challenger job cuts figures and unemployment claims. Meanwhile, Canada’s economy is forecasted to have grown 0.3% month-over month as it gets set to publish GDP figures. Additionally, the FED’s Dudley is scheduled to deliver a speech named the role of the Federal Reserve. Lastly, both the official Chinese and Caixin manufacturing reports will be released during the overnight session.
Risk-on sentiment carried over into financial markets yesterday, following Janet Yellen’s dovish speech on Tuesday, which pushed stocks and crude oil higher while the USD-Index fell for a second consecutive day -reaching a 5-month low. Losses in USD were somewhat capped however, as the ADP Non-farm employment report showed that the US economy added 200K private sector jobs, beating estimates of 195K. This morning has seen the USD recover some of the losses against the Euro, Aussie, Loonie & Pound, with USDJPY being one of the lone exceptions as investors turn cautious ahead of important manufacturing data out of China overnight and the all-important NFP report from the US tomorrow.
The economic calendar picks up steam today, as BOE’s Governor Carney will be speaking in Tokyo shortly regarding financial stability. Elsewhere, the Eurozone is scheduled to release inflation data, while the US will publish challenger job cuts figures and unemployment claims. Meanwhile, Canada’s economy is forecasted to have grown 0.3% month-over month as it gets set to publish GDP figures. Additionally, the FED’s Dudley is scheduled to deliver a speech named the role of the Federal Reserve. Lastly, both the official Chinese and Caixin manufacturing reports will be released during the overnight session.
Mohammed Abdulwadud Soubra
EUR/USD Intraday: rebound.
Pivot: 1.1300
Most Likely Scenario: long positions above 1.1300 with targets @ 1.1365 & 1.1400 in extension.
Alternative scenario: below 1.1300 look for further downside with 1.1280 & 1.1255 as targets.
Comment: the RSI lacks downward momentum.
GBP/USD Intraday: under pressure.
Pivot: 1.4395
Most Likely Scenario: short positions below 1.4395 with targets @ 1.4305 & 1.4260 in extension.
Alternative scenario: above 1.4395 look for further upside with 1.4455 & 1.4515 as targets.
Comment: the RSI is bearish and calls for further downside.
USD/JPY Intraday: under pressure.
Pivot: 112.85
Most Likely Scenario: short positions below 112.85 with targets @ 112.05 & 111.60 in extension.
Alternative scenario: above 112.85 look for further upside with 113.20 & 113.45 as targets.
Comment: as long as 112.85 is resistance, look for choppy price action with a bearish bias.
AUD/USD Intraday: the upside prevails.
Pivot: 0.7610
Most Likely Scenario: long positions above 0.7610 with targets @ 0.7700 & 0.7745 in extension.
Alternative scenario: below 0.7610 look for further downside with 0.7565 & 0.7515 as targets.
Comment: the RSI is mixed to bullish.
Gold spot Intraday: under pressure.
Pivot: 1237.00
Most Likely Scenario: short positions below 1237.00 with targets @ 1223.00 & 1216.00 in extension.
Alternative scenario: above 1237.00 look for further upside with 1243.00 & 1249.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (K6) Intraday: break of a ST rising trendline support.
Pivot: 38.71
Most Likely Scenario: short positions below 38.71 with targets @ 37.38 & 36.94 in extension.
Alternative scenario: above 38.71 look for further upside with 39.07 & 39.45 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Pivot: 1.1300
Most Likely Scenario: long positions above 1.1300 with targets @ 1.1365 & 1.1400 in extension.
Alternative scenario: below 1.1300 look for further downside with 1.1280 & 1.1255 as targets.
Comment: the RSI lacks downward momentum.
GBP/USD Intraday: under pressure.
Pivot: 1.4395
Most Likely Scenario: short positions below 1.4395 with targets @ 1.4305 & 1.4260 in extension.
Alternative scenario: above 1.4395 look for further upside with 1.4455 & 1.4515 as targets.
Comment: the RSI is bearish and calls for further downside.
USD/JPY Intraday: under pressure.
Pivot: 112.85
Most Likely Scenario: short positions below 112.85 with targets @ 112.05 & 111.60 in extension.
Alternative scenario: above 112.85 look for further upside with 113.20 & 113.45 as targets.
Comment: as long as 112.85 is resistance, look for choppy price action with a bearish bias.
AUD/USD Intraday: the upside prevails.
Pivot: 0.7610
Most Likely Scenario: long positions above 0.7610 with targets @ 0.7700 & 0.7745 in extension.
Alternative scenario: below 0.7610 look for further downside with 0.7565 & 0.7515 as targets.
Comment: the RSI is mixed to bullish.
Gold spot Intraday: under pressure.
Pivot: 1237.00
Most Likely Scenario: short positions below 1237.00 with targets @ 1223.00 & 1216.00 in extension.
Alternative scenario: above 1237.00 look for further upside with 1243.00 & 1249.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (K6) Intraday: break of a ST rising trendline support.
Pivot: 38.71
Most Likely Scenario: short positions below 38.71 with targets @ 37.38 & 36.94 in extension.
Alternative scenario: above 38.71 look for further upside with 39.07 & 39.45 as targets.
Comment: technically the RSI is below its neutrality area at 50.
· 1
Mohammed Abdulwadud Soubra
Published post Pre European Open, Daily Technical Analysis Thursday, March 31, 2016
Pre European Open, Daily Technical Analysis Thursday, March 31, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: rebound. Pivot: 1.1300 Most Likely Scenario: long positions above 1...
· 1
49
Mohammed Abdulwadud Soubra
Published code Example of Commodity Channel Index Automated
Expert Advisor based on Commodity Channel Index (CCI) indicator.
· 1
12707
1769
Mohammed Abdulwadud Soubra
Latest News
Monday’s economic reports out of the US, which included personal spending and goods trade balance, resulted in economists lowering their forecasts for Q1 GDP. The Atlanta FED’s GDP tracker, which is one of the most trusted source, has lowered its estimates for Q1 GDP from 1.4% to a paltry 0.6%. Core PCE data out of the US also disappointed, coming in at 0.1% versus estimates of 0.2% month-on-month, though it shows that inflation grew by 1.7% year-over-year which is close to the FED’s 2% target. The ending result was a broad based USD-selloff, which saw GBPUSD rise by nearly 1% and USDCAD drop 0.7%, as thin volumes due to the Eastern holidays added to the volatility.
Today’s highlights will come from the North American session, with the US scheduled to report fresh consumer confidence numbers – anticipated to have gained from 92.2 to 93.9. Elsewhere, the FED’s Chair Janet Yellen is slated to deliver a speech before the economic club of New York, which will be her first public appearance since the March 16 FOMC meeting.
Monday’s economic reports out of the US, which included personal spending and goods trade balance, resulted in economists lowering their forecasts for Q1 GDP. The Atlanta FED’s GDP tracker, which is one of the most trusted source, has lowered its estimates for Q1 GDP from 1.4% to a paltry 0.6%. Core PCE data out of the US also disappointed, coming in at 0.1% versus estimates of 0.2% month-on-month, though it shows that inflation grew by 1.7% year-over-year which is close to the FED’s 2% target. The ending result was a broad based USD-selloff, which saw GBPUSD rise by nearly 1% and USDCAD drop 0.7%, as thin volumes due to the Eastern holidays added to the volatility.
Today’s highlights will come from the North American session, with the US scheduled to report fresh consumer confidence numbers – anticipated to have gained from 92.2 to 93.9. Elsewhere, the FED’s Chair Janet Yellen is slated to deliver a speech before the economic club of New York, which will be her first public appearance since the March 16 FOMC meeting.
· 1
Mohammed Abdulwadud Soubra
28 March 2016, Time of Writing: 09:00 am
Trader Daily Market Update
Major Calendar News
Time (GMT) Name Country Vol. Prev. Cons. Sentiment
12:30 Core PCE Price Index m/m USD Med. 0.3% 0.2% Neutral
12:30 Personal Spending m/m USD Med. 0.5% 0.2% Neutral
14:00 Pending Home Sales m/m USD Med. -2.5% 1.2% Negative
23:30 Household Spending y/y JPY Med. -3.1% -1.8% Negative
23:50 Retail Sales y/y JPY Med. -0.2% 1.6% Negative
Vol.: Volatility; Prev.: Previous; Cons.: Consensus
Key Support/Resistance Levels
H4 R2 R1 Pivot S1 S2
EURUSD 1.1188 1.1179 1.1166 1.1157 1.1144
GBPUSD 1.4182 1.4159 1.4134 1.4111 1.4085
USDJPY 113.54 113.33 113.11 112.89 112.67
AUDUSD 0.7541 0.7534 0.7521 0.7513 0.7500
USDCAD 1.3319 1.3297 1.3260 1.3238 1.3202
Latest News
Terrorist attacks in Pakistan over the weekend had little impact on the FX markets this morning, with USDJPY trading higher by 0.35% - currently around 113.50 which is a 12-day high for the pair. Elsewhere, oil prices are gaining traction this morning, which in turn is pushing USDCAD slightly lower towards 1.3240 at the time of writing. Lastly, a positive revision for the final reading of the US’ fourth quarter GDP reading from 1% to 1.4% on Friday has pushed up the probability of the FED raising interest rates in April to 11.5% - according to the options markets.
With several markets still offline today due to the Eastern holidays, trading volumes should once again be thin which heightens the risk for unpredictable and sudden spikes in FX trading. Australia and New Zealand markets were closed this morning, with European and the UK also closed. Data wise, the US will publish the all-important PCE Price Index, which is the FED’s favourite inflation reading. Besides the inflation data, the US will release pending home sales as well.
Trader Daily Market Update
Major Calendar News
Time (GMT) Name Country Vol. Prev. Cons. Sentiment
12:30 Core PCE Price Index m/m USD Med. 0.3% 0.2% Neutral
12:30 Personal Spending m/m USD Med. 0.5% 0.2% Neutral
14:00 Pending Home Sales m/m USD Med. -2.5% 1.2% Negative
23:30 Household Spending y/y JPY Med. -3.1% -1.8% Negative
23:50 Retail Sales y/y JPY Med. -0.2% 1.6% Negative
Vol.: Volatility; Prev.: Previous; Cons.: Consensus
Key Support/Resistance Levels
H4 R2 R1 Pivot S1 S2
EURUSD 1.1188 1.1179 1.1166 1.1157 1.1144
GBPUSD 1.4182 1.4159 1.4134 1.4111 1.4085
USDJPY 113.54 113.33 113.11 112.89 112.67
AUDUSD 0.7541 0.7534 0.7521 0.7513 0.7500
USDCAD 1.3319 1.3297 1.3260 1.3238 1.3202
Latest News
Terrorist attacks in Pakistan over the weekend had little impact on the FX markets this morning, with USDJPY trading higher by 0.35% - currently around 113.50 which is a 12-day high for the pair. Elsewhere, oil prices are gaining traction this morning, which in turn is pushing USDCAD slightly lower towards 1.3240 at the time of writing. Lastly, a positive revision for the final reading of the US’ fourth quarter GDP reading from 1% to 1.4% on Friday has pushed up the probability of the FED raising interest rates in April to 11.5% - according to the options markets.
With several markets still offline today due to the Eastern holidays, trading volumes should once again be thin which heightens the risk for unpredictable and sudden spikes in FX trading. Australia and New Zealand markets were closed this morning, with European and the UK also closed. Data wise, the US will publish the all-important PCE Price Index, which is the FED’s favourite inflation reading. Besides the inflation data, the US will release pending home sales as well.