Forex Signals Brief for May 28: Big Data Week for the Majors
Last week was a busy one for the FX Leaders Team. Come Friday we had notched up 17 winning signals at 55%, which is a solid result. It was a tricky week with some big moves in the indices and oil while the USD kept on creeping higher.
Currently, we are only in a single trade, a NZD/USD short position. Our long-term Bitcoin signal was taken out over the weekend in what was another system error. This has happened a few times and it only seems to be Bitcoin that is impacted.
This week is heavy with data and we have a few major releases that include US employment, the BOC interest rate decision and Eurozone CPI. You can read more about the big releases this week from Arslan with his economic outlook.
While Monday might be quiet with the Memorial Day weekend in the US, the week ahead looks set to finish with a bang.
Forex Signal Watchlist
GBP/JPY – This pair has been grinding lower and we are waiting for some buying interest to show up.
Live Forex Signals
NZD/USD – Downward Pressure
The NZD/USD has been on the decline for a few weeks now and we have been taking any opportunity we can to short this pair. It looks like we have opened with some upside in Asia and we are ticking higher. We have resistance to hopefully hold us down but we don’t have much wiggle room at the moment. The take profit target is at 0.6888.
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