EURUSD: consolidation before the publication of data on American consumers' personal income and spending

March 30, 2015

Sell on a level breakthrough of 1.0853 with 1.0800 target. Stop loss = 1.0900.

Reason for the trading strategy
The US GDP in Q2 of 2014 increased by 2.2% (q/q), with a forecast of 2.4% (q/q). The data is moderately negative for the US dollar. Today, the global reserve currency may be supported by the statistics on American consumers' personal income and spending.

EURUSD, H1

Publication source
EXNESS information  EXNESS reviews

December 7, 2016
Oil ma pull back to $40
The oil price fell for the first time in 4 days today as skepticism creeped in over some OPEC member’s commitment to keep to their end of the deal and cut production...
December 6, 2016
Shale sector tries to reap the gains of the OPEC deal
The prices extend gains after OPEC’s output cut deal brings short-term optimism. Forward market shows that the US oil producers are rushing to lock the profit, selling oil contracts for above $50 a barrel at the start of 2018...
December 5, 2016
Crisis Lite
The Italian referendum on constitutional reform saw voters reject the proposals in front of them, in a fairly decisive manner. As such, Italian PM Renzi will tender his resignation today and this became part of the issue...

Grand Capital Rating
 FXTM Rating
HYCM Rating
XTB Rating
OctaFX Rating
EXNESS Rating

Banc De Binary Rating
TropicalTrade Rating
Empire Option Rating
IQ Option Rating
Anyoption Rating
365BinaryOption Rating