The new trading week is almost upon us!
The trading days between November 19 and 23 will provide us will daily trading opportunities... and with this report we focus on starting the week in the best possible way and chase our constant and never ending goal of PROFITABILITY!
The trading week is light in terms of fundamental data but we do have plenty of things happening in the US, EU and UK to provide us with the necessary daily volatility to profit.
Alright, so lets kick things off with a screenshot of the ForexFactory economic calendar.
The time I am using in the calendar is CET.
As you can see we kick of Monday with nothing major in terms of data.. but things get interesting in the Tuesday Asian trading session with the RBA Meeting Minutes which are followed by a speech by BOJ Kuroda and then RBA Governor Lowe.
The OPEC-JMMC meetings being on Tuesday too and if you've been following us for sometime you would know that we are short on Oil since Thursday.
The UK Inflation Hearings begin on Tuesday too.
Generally Tuesday is pretty busy in terms of data and speeches as the German Buba president and 2 BOC council members are due to speak during the US trading session.
The rest of the week has mainly orange events with the only red announcements coming on Wednesday from the USA and then on Friday from Canada.
The main events which take place this trading week will come out of the US/CHINA, EU and UK.
Regarding the Brexit developments... all eyes are on political developments of last weeks turbulence... the main question right now is, will Theresa May survive as party leader?
Even if May’s deal with the EU survives, the real test should be the vote in the UK House of Commons.
In the EU we continue with the Italian drama and if the Italian government does not budge in the face of EU pressure, the EU can impose sanctions on Italy, but that will only likely happen in the second half of 2019.
My initial analysis suggest that EURUSD will be heading higher this trading week so perhaps something good will come out of the Italy/EU dilemma.
Do keep in mind that this week we also get more from the US and China trade wars!
Ok, before you watch the below video it is essential that you understand how we at PipsMatter trade.
We are reactive traders, we do not predict the future, there is no magic or crystal ball here. We react to what the charts/markets provide us, this is how we drastically increased our results and started achieving profitability every trading week since H2 of 2018.
So the weekly outlook is not going to be spot on, it is more of a PRE-Monday trading report and it dictates how we will trade the beginning of the week... but our outlooks can change in just a few hours time if not in minutes sometimes. - So don't get stuck onto anything.
Now as a final note, our service list has been fully updates and is ready!
We offer the following,
- Trade alerts: We review every single day over 55 assets, including Forex, Crypto, Indices and commodities. We then create a trading plan and provide constant updates about the trade idea to our members.
The investment for you here is $20 a month.
- The Community: Now this is not just an ordinary chart room... you get the Trade Alerts but you also get direct access to education, live trading sessions (including news events) and much more.
If you are serious about becoming a profitable trader then the PM Community the place for you!
The investment for you here is $47 a month.
- Coaching: This is a 90 day coaching program which is designed to make sure you are able to trade for yourself and earn consistent profits. You also get live-time access to The Community.
The investment for you here is a one time payment of $300
In any-case, all of our services are designed to be investments and not expenses, the money you "spend" on your education will have a massive impact on your income... remember that cash is not kind, CASH-FLOW IS KING. - And our obligation is to make sure you have one with us!
OK! Lets head into the video!