Hi members,

A short post to give you an update on what’s happened in the markets so far.

Yesterday we had a lot of economic releases. NZD raised their cash rate to 4.25% to control and bring down inflation.

Then for EUR and GBP the manufacturing data came out better than expected but still gave a reading of under 50 which is not good. A reading above 50 is good and shows signs that the economy is growing.

I have shared the two trades that I’m currently in which are the EURGBP and AUDNZD.

The EURGBP had multiple reasons for the long as we know at 0.86300. It’s a significant area on the weekly and the Daily. Currently in a drawdown but let’s see where that heads.

AUDNZD as I have shown in the video there is a weekly trendline and also a bunch of EMAs and a Fib so makes it a very good trade for a long. I took this trade early morning just before the London session started. I was waiting for the NZD news to come out first.

Protests are Kicking off in China

The people in China have finally had enough of the zero-covid policy. There are protests kicking off and people are not happy with the government. They have also turned the protester’s covid alert to RED, making the protesters even more furious.

Has China lost control over the citizens by trying to control them too much?

The residents have every right to protest because they have been in lockdown for months now and haven’t been able to head out. This has to stop at some point and maybe only if the people protest something might happen which is exactly what people are trying to say.

A few tweets to show y

As always, remember correlation! -Especially when taking more than one JPY trade!

We are NOT a “tipping service” our aim is to teach you how to trade for yourself.

You can watch my analysis below:

Kind regards,
Ashley