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Hi Im Jeff Fretts It´s Wednesday, March 28th and you have just tuned into Axiory´s Broadcast.
Our indicators are suggesting a bearish trend for all the major currency pairs today. Up
first, the technical outlook for the euro dollar. Price is now heading towards S1 support
and any break below this level will be indicating further fall towards S2. But there are signals
that it may rebound earlier before reaching the first support and rise towards main pivot.
Secondly we have the dollar yen outlook. Price fell below main pivot and is now heading towards
S1 support where it will probably rebound and re-test main pivot
Following that, our outlook concerns the sterling dollar. As long as this currency pair holds
below main pivot we can expect it will focus on S1 support but rise above main the pivot
will have an opposite conclusion and targeting will be at R1 resistance.
Finishing up our outlook is the dollarfranc. As long as the swissy holds above main pivot
we can expect rise towards R1 resistance where price will rebound and then probably fall
below main pivot. This means that current consolidation will be limited at S1 support..
We start with numbers about current account in UK at 9:30 am GMT. Analysts are expecting
deficit at L8.5 billion pounds compared to previous deficit L15.2 billion pounds. A high
impact on the sterling can be expected.
National Statistics will also report quarterly figures regarding the final GDP at 9:30 GMT.
It is expected to have the same growth at minus 0.2 percent as the previous quarter.
In addition a medium impact on the sterling can be awaited.
Census Bureau is going to publish monthly data about core durable goods orders in the
United States at 1:30 pm GMT. Economists expect a rise of 1.6 percent while in a previous
reports good orders fell by 3.0 percent. This all leads to a high impact on the dollar.
On your screen now you can see the best traders and strategies here at Axiory that you can
join and the profit possibilities that you could enjoy.
MHFX01 strategy in MirroTrader fell to third place with 946.0 pips and Glimspy and Swapper
moved ahead in first and second place respectively. The most successful strategy was again LowRisk
Investment adding 31.7 percent to a total of 6,007.1 percent. On the downside V9direct
fell by 1 percent and Thunder has remained unchanged. Also first two strategies in Trade
Leaders remained the same but Joiny Jiang fell 12 percent at 378 percent in total.
And On this date in history, the 1st world weightlifting championship was held in London,
England in 1891. Feel the burn.
Thanks for tuning in to Axiory´s broadcast have a pip filled day, bye for now