Please Wait...
Market moves are very volatile this week. News will trade war suddenly disappear and emerging news news that positive tone for the money market, so that market participants are automatically divided into 2 major parts between the optimists and pessimists.
Risk off and risk on coloring market moves early this week so for traders is very confusing in determining the direction of the market magnitude. Actually this is a common thing and all traders who forget to use stoploss and panic will definitely reap the losses are not small and the biggest loss is loss of confidence in the analysis, so the psychology of trading would be disrupted.
Market back Sell off this morning where the fear of a trade war still can not be taken away from the floor of the stock market. The strengthening of US Dollar is certainly the impact of falling US stock index.
Strengthening the US Dollar will continue or not later tonight, would be very dependent of the final GDP US to be released at 19.30 pm tonight. Gross Domestic Product or in Indonesia is called a Gross Domestic Product is a monetary measure that is assessed by the market regarding the Goods or Services end of a country on a certain peride.
This data will be important because it can be used by investors to see the economic performance of a country and can be a comparison with other countries. The GDP to be released later tonight is the Final GDP data released 3 months after the end of a quarter period. US GDP data based on improved forecasts will certainly make the market again put pressure on the stock market.
AUSTRALIA
RBA is still not willing to strengthen its currency and of course this can not be separated from the chaos that occurs in the global market due to trade war.Target AUDUSD is 0.7556 with a correction 0.767x with a downtrend for the future. Create a good trading plan before you trade long term for AUDUSD.
