How are you doin? EUR/USD completely as what i am forecast here and GBP/USD is following exactly but during the fundamental release 830EST, it reverse as same as it moving from opening.
Nevermind buddy, what was happen is just happen....
Now let us see what we have in the Forex Factory ...
So tonite we have GDP for CAD and Advance GDP for USD ...
Seems like it will goin increasing, therefore the currency also will increasing, means bullish for selected pair...
Then some input from Forex Trading Blog we have ....
Here’s a look at the currencies:
Aussie (AUD): Benefitting in early trade from risk appetite, the Aussie traded as high as 90.45 vs. the US dollar. In addition, commodity prices are higher as well. There is much debate over whether or not another rate hike will be in order at the next policy meeting as inflation concerns abound. Watch out for a mid-morning reversal if equity markets sell-off.
Kiwi (NZD): Yesterday, the New Zealand Central Bank left interest rates unchanged at 2.5% as inflation is likely to stay in its target range. However, the bank is expected to move on rates sometime before mid-year. Also up this morning, but off of its highs.
Loonie (CAD): With oil prices holding above $74 (for now), the Loonie is showing decent gains this morning against the risk averse currencies. The Loonie is showing some strength today vs. the US dollar, as it bounced back against technical resistance at 1.065.
Euro (EUR): The Euro is down this morning after having broken support at 1.40 vs. the US dollar. While EC economic sentiment was up this morning vs. an expected decline, the news that the first of the PIIGS countries, Portugal, may be following Greece’s lead down the road to fiscal uncertainty. S&P is saying that Portugal’s current budget leaves the country economically “frail”. Remember that when trading often times support becomes resistance so keep that 1.40 level in mind.
Pound (GBP): The Pound is strong again this morning, extending yesterday’s gains. The prevailing thought is that interest rate hikes may be on the table for the foreseeable future.
US Dollar (USD): The dollar is down today against the commodity currencies as risk appetite has returned. US durable goods orders came in lower than expected, and initial jobless claims came in slightly more than expected. This lends credence to the FOMC stance that rates should remain low for “an extended period”, much to KC Fed Chief Hoenig’s chagrin.
Yen (JPY): The yen is down against all but the Euro currencies, as the bottom rung on the risk-taking ladder. The uptick in risk appetite as a result of the State of the Union Address last night has helped propel Asian stock markets higher last night and the yen lower.
In world markets, the Asian stock markets closed higher than 1.5% from the previous day but stocks in Europe are mostly lower with news out of the Euro Zone. US stock markets are down, and gold and oil are higher, to 1093 and 74.12 respectively.
What’s important to take away from all of this news is that no single instrument trades in a “bubble” and that news from around the globe can affect any market. By having and maintaining an understanding of global events, investors and traders can better position themselves.
So then let we see what we have in Technical Analysis :
There is none chart pattern appear, MACD said it stil under 0-level and stochastic is pointing down.
There is maybe have retracement since the trendline is said that its already bottom.
So then for this pair, what we can see here is same as previous movement. It is still in Bearish mode..Poor EUR for these kind of movement.In chart pattern just be carefull since its make double bottom from open market at this morning. Same as Stochastic it was pointing up even MACD is still under the 0-level and trendline is still going down and the trend is still Bearish.
So then, Happy trading and Good Weekend .... :)