Forex Daily Trade Routine

SMART TRADING. SMART TRADERS

MARKET ANALYSIS

UPDATED: FRI, APR 3, 2020

GMT 00:05

ANALYSE – The current forex market and understand what has happened and what is currently driving the forex markets.

Market Insight

Market Conditions

april, 2020

30marAll DayOK - Major Pairs trading 'technically' very well(All Day)

Market Driver

april, 2020

30marAll DayCoronavirus PandemicIMPACT: GLOBAL FX, EQUITY & BOND MARKETS(All Day)

#TRADEWITHTHEMARKET

PLAN – Identify the direction and optimal entry levels before deciding upon a trading strategy and trade execution tool.

Active Pairs

These pairs have clear direction, technically and fundamentally, for short, medium and long term trading opportunities.

Instrument

XTIUSD

Action

SELL

Support

Resistance

24.72

Driver

YES

Watchlist Pairs

It’s not clear where these pairs are going but they do have technical levels we can work with for short term trading opportunities at the very least.

Instrument

USDJPY

AUDUSD

NZDUSD

USDCAD

GBPUSD

EURUSD

USDCHF

Action

WAIT

WAIT

WAIT

WAIT

WAIT

WAIT

WAIT

Support

107.13

1.3937

1.2273

0.9676

Resistance

111.87

0.6133

0.5969

1.4285

1.2862

1.0949

0.9753

Driver

YES

YES

YES

YES

YES

YES

YES

Market Drivers

In the long term forex markets are driven by fundamental data such as macroeconomic data releases and central bank sentiment. In the shorter term Geopolitical and other financial asset classes such as equities can also drive the markets.

Macroeconomic Data

april, 2020

06aprAll DayCNY HolidayIMPACT: EXPECT QUIET MARKETS(All Day: monday) UTC Event Type :Low ImpactTill the Data is Released!

06apr2:30 pm2:30 pmBOC Business Outlook SurveyIMPACT: USDCAD & CAD CROSSES2:30 pm - 2:30 pm UTC Event Type :High ImpactTill the Data is Released!

07apr4:30 am4:30 amRBA Interest Rate Decision & StatementIMPACT: AUDUSD & AUD CROSSES4:30 am - 4:30 am UTC Event Type :High ImpactTill the Data is Released!

08apr6:00 pm6:00 pmFOMC Meeting MinutesIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS6:00 pm - 6:00 pm UTC Event Type :High ImpactTill the Data is Released!

09apr12:30 am12:30 amBOJ Gov Kuroda SpeaksIMPACT: USDJPY & JPY CROSSES12:30 am - 12:30 am UTC Event Type :Medium ImpactTill the Data is Released!

09apr6:00 am6:00 amGDP M/MIMPACT: GBPUSD & GBP CROSSES6:00 am - 6:00 am UTC Event Type :Medium ImpactTill the Data is Released!

09apr12:30 pm12:30 pmEmployment ChangeIMPACT: USDCAD & CAD CROSSES12:30 pm - 12:30 pm UTC Event Type :High ImpactTill the Data is Released!

09apr12:30 pm12:30 pmInitial Jobless ClaimsIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :High ImpactTill the Data is Released!

09apr12:30 pm12:30 pmPPI M/MIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :Medium ImpactTill the Data is Released!

09apr2:00 pm2:00 pmPrelim UoM Consumer SentimentIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS2:00 pm - 2:00 pm UTC Event Type :Medium ImpactTill the Data is Released!

09apr11:30 pm11:30 pmECB Monetary Policy Meeting AccountsIMPACT: EURUSD & EUR CROSSES11:30 pm - 11:30 pm UTC Event Type :High ImpactTill the Data is Released!

10aprAll DayGood Friday HolidayIMPACT: EXPECT QUIET MARKETS(All Day: friday) UTC Event Type :Low ImpactTill the Data is Released!

10apr1:30 am1:30 amCPI Y/YIMPACT: AUD, NZD, CNH & RELATED CROSSES1:30 am - 1:30 am UTC Event Type :High ImpactTill the Data is Released!

10apr12:30 pm12:30 pmCPI M/MIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :High ImpactTill the Data is Released!

Central Bank Driver

03marAll DayFED - Cut Rates by 0.5%IMPACT: ALL MAJOR CURRENCY PAIRS & USD RELATED INSTRUMENTS(All Day) UTC

04marAll DayRBA - Cut Rates by 0.25%IMPACT: AUDUSD & AUD CROSSES(All Day) UTC

05marAll DayBOC - Cut Rates by 0.5%IMPACT: USDCAD & CAD CROSSES(All Day) UTC

10marAll DayBOE- Cut Rates by 0.50%IMPACT: GBPUSD & GBP CROSSES(All Day) UTC

17marAll DayFED - Cut Rates to 0% & Announces Stimulus MeasuresIMPACT: ALL MAJOR CURRENCY PAIRS & USD RELATED INSTRUMENTS(All Day) UTC

19marAll DayRBA - Cut Rates by 0.25%IMPACT: AUDUSD & AUD CROSSES(All Day) UTC

19marAll DayBOE- Cut Rates by 0.15%IMPACT: GBPUSD & GBP CROSSES(All Day) UTC

19marAll DayECB - Announces $750B Euros Bond PurchasesIMPACT: EURUSD & EUR CROSSES(All Day) UTC

19marAll DayBOJ - Announces $1T YEN JGB PurchasesIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS(All Day) UTC

Geopolitical Driver

april, 2020

30marAll DayCoronavirus PandemicIMPACT: GLOBAL FX, EQUITY & BOND MARKETS(All Day)