Forex Signals Brief for Dec 7: Winners Keep Coming Ahead of NFP
Rowan Crosby • 2 min read
Our strong week of trading has continued as markets continue to be active. The FX Leaders team have added a string of winners on Wednesday, to help make our trading accounts look pretty healthy.
The indices have been providing some good trades recently and there were winners in the S&P 500 and the DAX. We had another winning short signal in the AUD/USD and our EUR/GBP made us some nice pips. The only losing trades came about because of the sharp drop in oil, which hurt both Crude and the USD/CAD along with the BOC rate decision.
Overall it was another profitable day for our followers and we are building a really strong December. So stay tuned into our forex signals page to get the latest opportunities as they come along.
The end of the week brings US employment data, which is often the big event of the month. Make sure you look out for Arslan’s economic outlook as both today and tomorrow the markets will begin focusing in on what that number might bring.
Forex Signal Watchlist
EUR/USD – Weakness in the Euro is continuing to build and any pullback is a potential sell.
EUR/CHF – We are still waiting for a buying opportunity here if we can get the right price.
AUD/USD – The Aussie keeps on selling off so be prepared for more to come.
Live Forex Signals
EUR/USD – Euro Sell-Off Gains Steam
The Euro trade is really going along well for us this week. This is a longer-term position, but as yet there has been no sign of a bounce at all. Just red candles all the way. NFP on Friday might be the only cause for concern, albeit in the short-term. Our sell signal on the EUR/USD has a downside target of 1.1540.
EUR/USD – 240 min Chart.
EUR/GBP – Ranging Up and Down
The EUR/GBP has been an active trade for us recently. We have sold it as it spiked higher and bought it when it got oversold. We are again in this one and it appears to be still rotating around at the moment. Looking for a bounce.