Alvan Sue

Trading Forex is my passion and I enjoy the lifestyle and challenge it brings.

As a trader, I always remind myself that, “It is not whether I am right or wrong that is important, but how much money I make when I am right and how much I lose when I am wrong.”

Economic Calendar (26 – 30 Jun 2017):

Capture

This week will be a challenging week for traders as most of the central bankers will be speaking. I will be paying close attention to what they are saying and probably will not execute long term trades during this period.

AUD/USD (H4):

audusd

There is no release of major economic data from the Austrailian market.

This pair is currently at a support level 0.7560. We might see a possible rebound to 0.7620 level if the US economics data release this week are weak. If not, it can continue the downward move to 0.7500.

USD/JPY (H4):

usdjpy

There is no release of major economic data from Japan but do note that BOJ Gov Kuroda will be speaking on Wednesday in European Central Bank Forum.

This pair is currently at a resistance level 111.70. We might see a possible rebound to 110.50 level if the US economics data release this week are weak. If not, it can continue the upward move to 112.50.


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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.