4 MAJOR FOREX NEWS EVENTS YOU NEED TO FOCUS ON TO MAKE MONEY FROM THE FINANCIAL MARKETS
At Platinum, we sincerely hope that you have had a great year in trading the financial markets so far and that you have achieved nothing but the ultimate success in taming the markets. As you know at Platinum our methodology applies to trading Forex, Indices, Commodities and cryptocurrencies.
Today we would like to talk about four major events that are widely anticipated by traders and bankers around the world these events could move the range bound markets into directional markets and could give us six major opportunities to make great profits from the financial markets.
Thursday the 13th of September could be the game-changing day for forex traders so let’s start with the sequence of events and what we are looking at for this day.
If you are not aware the forex markets are open 24/7 and 365 days a year and you can trade them at your own leisure from anywhere in the world.
There are 4 Major Sessions you can trade:
- Tokyo /Asian
- New York
SYDNEY TRADING SESSION
Trading the Sydney session can be very profitable as the market is range bound or one-directional on news events. If you have the Platinum Trading System, then you could just trade between two trading zones. Would you like a trial of this forex trading system? Then apply here!
On Thursday the 13th of September in the Sydney trading session we are expecting the results for the Australian Employment data which could really move the market over 100 pips if we get a greater deviation figure.
So how do we trade this event:
The Consensus of Platinum Analysts is that the unemployment rate is expected to be unchanged at 5.3% in comparison with last month’s figures while the employment change figure is going to be the money spinner and we could see an increase from -3.9k to +13.5K.
This would give the Aussie dollar a boost and we should be looking at buying on dips through the Sydney, Asia and London Trading Session.
LONDON TRADING SESSION
The London Trading Session is one of the most lucrative trading sessions if you have the expertise and the correct methodology to be able to trade it. During the London Trading session Forex Traders try and take maximum advantage of the liquidity.
This Thursday we have the Bank of England’s Interest Rate Decision. Platinum Analysts have forecasted a no change on the interest rates as the bank has just hiked the interest rates in their previous session and very much doubt they would make another rate hike immediately without assessing market impact of previous rate hike.
The next rate hike could potentially be seen once we reach some kind of agreement on Brexit or if we pass the exit date. With the current inflation rate (+2.5% yoy) higher than the bank’s inflation target and should the employment data remain favourable for the UK’s economy, main worries could focus on the low GDP growth rate and the uncertainty stemming out of the Brexit negotiations as well as the international trading tensions.
At best we could see a rather balanced tone from the MPC Members and if we do see any hawkish elements this could lead into a +150 pips move initially as a signal of strengthening of the pound.
EUROPEAN TRADING SESSION
The third most important event is the interest rate decision for the ECB. Platinum Analysts are expecting the ECB to hold the interest rate decision at 0.00%. The only change that we can foresee is if they signal an interest rate hike in the summer of 2019. So, what are we looking for in this statement if this is the case? If they make any comments about unwinding the Quantitate easing programme in the end of September, this could have a massive impact on the Euro order-flows. The traders and the markets will be looking for any dovish elements to the speech made by Mario Draghi. Right now, it is a can-kicking exercise in our personal opinion.
Would you like to know about our premium Buy and Sell levels for the trades this Thursday?
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THE PLATINUM WAY
At Platinum Trading Academy, United Kingdom, we teach all individuals from different walks of life to become a full-time trader or create a secondary revenue stream by trading part-time. We trade in an Institutional Way by letting the market come to us and being patient. Using Platinum’s Trading system you can take many Pips out of the market. We can ensure using this style of trading your trading will make a turnaround as you will become much more consistent.
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Hopefully, you have enjoyed today’s article. Thanks for reading!
Have a fantastic day!
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The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.