A Weak Aussie Dollar and US Jobs News – Currency Strength and Weakness for Friday 1st August 2014
Hi Forex Trader,
I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.
My book “From Dairy Farmer to Forex Trader” is now available on Amazon, as the physical book and also as a Kindle download.
The US Non-Farm Employment change news release is announced at 8:30am EST on Friday. Be careful with any open trades around that time.
Overall there is strength in the USD, JPY and NZD
Overall there is weakness in the AUD and GBP
Trading Directions I am favouring for the next 24 hours
Buy Trades – NONE
Sell Trades – AUD/USD, AUD/JPY, AUD/NZD, GBP/USD, GBP/NZD
VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis. If you don't have your own trading strategy then email me here for help.
AMAZING FREE TRADING TOOL: Download your own FREE copy here of my MT4 trading tool which will help you trade with low risk per trade, remove much of the emotion involved with taking trades and take away the focus on making “Pips”.
Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator