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Hi everybody, welcome back! I don’t like to repeat myself; I rather add new stuff to the blog making this readings interesting and educative. But today, well I will repeat myself: told you many times, it’s easy to analyze what happened yesterday after all happened. Euro rose after the rate cuts that surpassed expectations, also GBP. I can told you, that maybe traders are convinced that authorities are acting to improve their tumbling economies, but we know that under other circumstances, usually such rate cuts made majors fall apart; that’s why I always emphasize that we have to had a two ways plan: above this, or under that, wait for technical confirmations, breaks of levels, trend lines, whatever. The method depends on each of us, but trying to catch a big fundamental from before the release, is closer to betting than trading. With a two ways plan, and giving the market one or two 15 minutes candles, we will surely get more accurate trades. Maybe a few less pips, but that’s the price to pay, for a more reliable strategy. Ok, we have another fundamental day today, with the U.S. Non Farm Payroll, expected really negative, so i will prepare the technical points to take care for each major before it. You can check the hours release, following next link.
http://www.fxstreet.com/fundamental/economic-calendar/