As many traders and analysts grapple with today’s big economic news (namely, the UK’s disappointing 0.3% month-over-month contraction in GDP, the US’ surprise 0.4% jump in month-over-month PPI, and the FOMC meeting minutes set to release at 2 pm), many are similarly preparing for tomorrow's new round of CPI data in the US. Scheduled for reporting by the Bureau of Labor Statistics at 8:30 am on Thursday, October 13th, the public will learn how prices for US consumers changed in September. Because CPI is a proxy for inflation, this news will likely cause a great deal of volatility across financial markets, potentially offering another fundamental catalyst for USD bulls if September’s hot jump in PPI is any indication. While major pairs like EUR/USD, GBP/USD, and USD/JPY are thus still ripe for trading, it can also be worthwhile to explore some less frequently traded pairs as well. Here are the A1 EdgeFinder’s top 4 minor pairs to trade, along with some additional analysis for each.
1) CHF/JPY (Earns a 3, or ‘Buy’ Rating)
2) EUR/CHF (Earns a 3, or ‘Buy’ Rating)
3) AUD/JPY (Earns a -3, or ‘Sell’ Rating)
4) AUD/NZD (Earns a -3, or ‘Sell’ Rating)
As of 9:10 am EST, the 10-Year bond rate is up ~3.50% while the dollar index remains flat. Some big news coming up in the next 24 hours for the USD, EUR and AUD. US consumer confidence is expected to fall from the last reading. We received a strange signal from the EdgeFinder that could […]
This week, we have seen a lot of market swings in sentiment along with uncertainty around economic stability. Because of this mixed mindset, investors have been shifting their interest towards gold. This article will cover why gold could continue to move higher. Medium to high impact news is coming up for all currencies such as […]
There are some major news ahead for the EUR, CAD, AUD and USD pairs this week. Wednesday will be another Fed rate decision forecasted to be another 25 bp. Here are some events set to come out tomorrow: EdgeFinder Analysis UC is still the EdgeFinder's favorite buy score along with USDZAR at +7. Retail is […]
