Trading Outlook – Neutral

Posted On 30 Mar 2015

By : Jarratt Davis

Comment: 0

Tag: AUDNZD, NZDUSD, Trading outlook

Click here to learn how to use my trade calls!

Originally updated: 08:00

Trading Bias: Neutral

Currency pair: None

Current Sentiment: None

In today’s trading session we will be awaiting economic data to provide the market will fresh sentiment and to give us opportunity to get into the market.

Fundamentals:

The USD has pared some of Friday’s post GDP losses overnight in what was otherwise a very quiet trading session. Antipodean currencies (AUD, NZD) are suffering the most due to falling commodity prices.

This saw AUD/USD fall around 40 pips and NZD/USD fall by around 40 pips whilst the USD has held onto it’s gains. Fed Chair Yellen also said late on Friday that rate lift off may be appropriate later in 2015 and it’s suitable that monetary policy remains accommodative for some time.

Technicals:

At this stage of the session, with limited news flow to present a reason to get into the markets I will be waiting for pairs to approach key levels of support/resistance and trade the overall trend in line with the fundamentals – this will of course be in conjunction with any news flow we have that provides the market with fresh sentiment and a reason to start getting involved in the market.

Other Market Moving News:

WTI crude futures fell by over 1% after the Yemen conflict fears continue to ease off – falling Oil prices can be negative for the Canadian Dollar (and commodity currencies in general) so WTI prices are worth keeping an eye on

Today’s calendar remains light with no major economic data scheduled.

Also as a reminder – Clocks went forward by one hour in the UK over the weekend so make sure you’re up to date. Also alongside this, we have a UK bank holiday on Friday and Monday, so as a reminder, I won’t be posting trade outlooks for either of those days.

To get daily market insights from Jarratt Davis delivered to your inbox simply enter your name and email below:

The post Trading Outlook – Neutral appeared first on Jarratt Davis.

Source:: Trading Outlook – Neutral

About the Author

Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"]www.facebook.com/JarrattDavisForex/[/social] [social type="twitter"]https://twitter.com/jarrattdavis[/social] [social type="google-plus"]https://plus.google.com/+JarrattdavisForexTrader/[/social] [social type="youtube"]https://www.youtube.com/user/JarrattDavisForex[/social]