Main Market Mover today - Initial Jobless Claims
2 Comments for:
Dear Traders,
We have from 1 Hour right now Big Indicators.
Initial Jobless Claims
Continuing Claims
12:30 GMT
Intital Jobless Claims Expected is 320K Previous was 313K
If the data comes Higher than Expected (320K) just BLINK and you will see EUR/USD above 1.2780.
And that should give a Good BOOST To Commodities.
And that would give signs of Interest Rate not to increase.
If data Gives us a Suprise, Suppose Below 313K, then i will see Dollar to get Very very strong.
Continuing Claims isnt much Important concerned when looking at Initial Jobless Claims.
Main Activity - You should Eye to Initial Jobless Claims
IDEA :-
When you make an Order, Keep a Stop Order.
Dont make your losses get higher.
posted by GoldTrade @ 1:10 AM
2 comments
2 Comments:
Do you think this can influence on gold/silver?
or actual geopolitical situation is more important?
definitively gold will continue to climb with and without economics indicators?
Good Question.
Well first thing it does Influence Gold and Silver.
And thats why When such Indicators are about to come, You will see Both of these commodiites to play in Range
You would be also watching too
Since the ASIA Morning, Whats happening?
Its PLaying in ranges Only
647 and then 652
652 and then 647
People are going in and out, Setting there Protfolio, before this Data Release.
And Ofcourse this Data effects.
If Dollar gets Strong, we will see a Slight Pull-Back in both of them, But eventually they will rise back again later due to GeoPolitical Tensions, Crude Oil Price, etc. which would help it to rise it back.
Economic Indicators are Important,
You have to see Each and Every Single Bit of Data, News, Charts, everything to make Action.
LONG TERM, Gold and Silver will rise.
But you need to Work Short term, if you are a Trader.
Long term concerns INVESTORS (those who have invested alot, and have Enough Margins, and a Heavy Protfolio, cause even there is a Big dip, they dont lose out), not a trader.
So we need to follow the trend, Short term Actions.
In And Out should be the Policy.
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