Plenty of fundamentals but clear market conditions

Trade the News in Forex

How is everything traders?

Have you seen the fundamental calendar for the week?

If you haven’t… you should, here are a few of the most important fundamental releases for the rest of the week:

Tuesday:

AUD RBA Governor statement
AUD GDP

Wednesday:

CAD Interest rate
CAD BOC rate statement
JPY Monetary policy statement

Thursday:

GBP Interest rate
GBP Rate statement
EUR Interest rate
EUR ECB Press conference

Friday:

USD Non-farm Payrolls
CAD Ivey PMI

With a week full of important news releases like this one you might think that the market must be very difficult to trade…

But that’s not correct my fellow trader…

Of course, not every currency pair will be tradable and will have clear market conditions…

But there are a few currencies that I wouldn’t think twice to trade, because they have clear swings and clear S&R levels.

One word of caution

Look, most of the time the market moves in the direction of the sentiment of the market (market condition), regardless of the fundamentals…

In fact, the market take these fundamentals as an excuse to move in the direction of the sentiment of the market, and that’s exactly the reason why sometimes the market moves against the fundamentals…

But you need to take in consideration that every important announcement has the potential to “change” the sentiment of the market.

So be careful ok? That’s the reason we all need to be careful on each one of those announcements.

Currency Pairs I’m Currently Monitoring:

Now, here are a few of the currency pairs that I think have a clear market condition:

  • AUDJPY – Bullish
  • NZDCAD – Bearish
  • GBPCAD – Bearish
  • EURUSD – Bearish
  • GBPUSD – Bearish
  • AUDNZD – Bullish
  • NZDUSD – Bearish

There are other currency pairs that are trading in a clear condition but are either: too close to the next LT level, or trading near an important level and we need to wait for the market to break the ST range.

Have fun!

Your turn

How are you going to handle this week’s fundamentals?

What do you think about the currency pairs that I’m trading today?

What other currency pairs are you trading/monitoring?

Share your thoughts!

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .

  • Varahala Babu Chelluru

    hi raul…

    what do you think about gbp/jpy ? can we look for short trade opportunities ? can you please explain this trade with market condition….thanks

    • Raul Lopez

      Hello Varahala,

      The GBPJPY is one of the currency pairs that I wouldnt trade today… it doesnt have clear levels…

      Good luck!

  • Muhammad Ali Awan

    Hi Raul,
    What do you think about USDJPY.

    • Raul Lopez

      Hello Muhammad,

      I’ve been trading the USDJPY for a while now, it’s in a bullish condition, but its too close now to the LT resistance level, there is not enough room to trade it! That’s the reason I didnt include it in my watch list…

      Good luck Muhammad!

  • Eric Aroh

    Hi Raul,
    These are all on my watchlist. I also have USDCAD (LONG) on the watchlist.

    • Raul Lopez

      Hello Eric,

      Good that you have all of them on your watch list!!!

      I have the USDCAD trading near an important level… I’ll show it to you tomorrow!

      Cheers,