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Suprise USD GDP fail yesterday.

Well sentiment still remains against the dollar on just about all the non-cross pairs. (non-cross is a trade involving the dollar e.g. EURUSD, cross pairs are those that do not involve the dollar, e.g. NZDAUD).

Important news today: 8:55 EUR unemployment and 9:30 UK GDP which I think last month was much higher than expected.

NZDUSD is interesting has been bullish for two days. I’m also interested in GBPUSD after the news. Yesterday I lost a couple of trades but just switched them and made a profit covering my loss.

I posted this  after the rally against the dollar GDP being negative. Smugly it came true which was lucky for me. Hopefully a good day today.

If you want to comment or ask a question please click QUESTIONS OR COMMENTS at the top. I’d love to hear from my readers, what they are struggling with and perhaps we can work together to work things through.

8:30 GMT Ok I bought dollars for a while (SELL GBPUSD,NZDUSD) but have closed these trades with a small (measly) profit because of the news coming. Will look at rallies and decide.

Questions or comments?

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