Hey Fellas,

I don’t know about you, but I’ve been loving forex markets this week. There has been plenty of action and its been keeping everyone on their toes. Our forex signals have been coming thick and fast and we saw some great winners in the NZD/USD and USD/CAD, while the USD/JPY pulled back a bit much. We are sitting in some really strong positions in the AUD/USD and Gold, which is a personal favourite of mine.

Today the good old Euro is back in focus as we get to find out how inflation is tracking in the Eurozone. The EUR/USD has been on a tear this week and is starting to get some bullish momentum once again.

Stay tuned for some potential forex signals on the EUR/USD as well as the other majors as the market conditions are ripe with opportunity.

Forex Signals Watchlist

AUD/USD – The AUD has been weak over the last few days and short trades have been performing well for us.

EUR/USD – The Euro has rallied strongly but is now pulling back. A long may be on offer so stay tuned.

NZD/USD – The Kiwi has tumbled but and we want to continue to capitalize on the trend.

USD/CAD – We’ve bounced nicely off the 1.2700 level and we have been bullish.

Gold – Gold is weak and we have another short position.

Trade Ideas

Gold – Maintaining a Range

Gold has been a top-performing trade for us recently and we are still riding a nice short position. As it stated we are in a bit of a range between the highs of 1290 and lows o 1265. I feel that there is room for some USD strength which will help us reach our downside target of 1273, in the coming days. We spiked a little yesterday but that move quickly retraced so I’m liking this position at the moment.

Gold – 240 min Chart.

Key Support and Resistance Levels

Euro – Turning Bullish?

The Euro had a breakout day on Tuesday where it strongly reversed the trend that it’s been in over the last few months. We broke out to the upside and have now pulled right back into the range that we’ve been trading in. However, the momentum is now to the upside. We have some potential for a long entry today, with my colleague Skerdian being all over the developments as the day unfolds with the CPI reading.

EUR/USD – 240 min Chart.

Key Support and Resistance Levels

News That Matters on Thursday

Eurozone CPI is the number that traders will be watching on Thursday. A beat on expectations could well spark a big rally in the EUR/USD. And out of the US, we have the Philly Fed Manufacturing Index which is a top-tier event that will impact the USD.