Oktober Weekly Update

15 de out.

EURUSD

Please check out the related idea!

On this week we have as always a few economic event which is giving us further hint about the direction of FX-Pair possible direction, whether is continuing its trend or its the wind is about to change its direction.

Therefore this are the following events, you can fillter based on your interest, I will show you only those whos count for my strategy.

Thursday, October 17, 2024 is the most busy day with only hight importancy events from ECB -rate decisons trough US Labor Market data. You have to be prepared, have plan A-B-C or stay away from trading on that day and just analyze the data and price actions

You will have a chance to take position later, but I promise you that violent moves will happan as a reaction for every data on this day.


https://www.investing.com/economic-calendar/

TODAY
17 min USD IEA Monthly Report
17 min EUR German ZEW Current Conditions (Oct) -84.5 -84.5
17 min EUR German ZEW Economic Sentiment (Oct) 10.2 3.6
17 min EUR Industrial Production (MoM) (Aug) 1.8% -0.3%
17 min EUR ZEW Economic Sentiment (Oct) 16.9 9.3
14:30 USD NY Empire State Manufacturing Index (Oct) 3.40 11.50
17:00 USD NY Fed 1-Year Consumer Inflation Expectations (Sep) 3.0%
17:30 USD FOMC Member Daly Speaks
20:00 USD Federal Budget Balance (Sep) 61.0B -380.0B


Wednesday, October 16, 2024

12:20 EUR German Buba Vice President Buch Speaks
14:30 USD Export Price Index (MoM) (Sep) -0.7%
14:30 USD Import Price Index (MoM) (Sep) -0.3% -0.3%
20:40 EUR ECB President Lagarde Speaks
22:30 USD API Weekly Crude Oil Stock 10.900M


Thursday, October 17, 2024
10:15 EUR ECB McCaul Speaks
11:00 EUR Core CPI (YoY) (Sep) 2.7% 2.7%
11:00 EUR CPI (YoY) (Sep) 1.8% 1.8%
11:00 EUR CPI (MoM) (Sep) -0.1% 0.1%
11:00 EUR Trade Balance (Aug) 17.8B 21.2B
11:45 EUR ECB McCaul Speaks
12:00 EUR EU Leaders Summit
14:15 EUR Deposit Facility Rate (Oct) 3.25% 3.50%
14:15 EUR ECB Marginal Lending Facility 3.90%
14:15 EUR ECB Monetary Policy Statement
14:15 EUR ECB Interest Rate Decision (Oct) 3.40% 3.65%
14:30 USD Continuing Jobless Claims 1,861K
14:30 USD Core Retail Sales (MoM) (Sep) 0.1% 0.1%
14:30 USD Initial Jobless Claims 241K 258K
14:30 USD Philadelphia Fed Manufacturing Index (Oct) 4.2 1.7
14:30 USD Philly Fed Employment (Oct) 10.7
14:30 USD Retail Control (MoM) (Sep) 0.3%
14:30 USD Retail Sales (MoM) (Sep) 0.3% 0.1%
14:45 EUR ECB Press Conference
15:15 USD Industrial Production (MoM) (Sep) -0.1% 0.8%
15:15 USD Industrial Production (YoY) (Sep) 0.04%
16:00 USD Business Inventories (MoM) (Aug) 0.3% 0.4%
16:00 USD Retail Inventories Ex Auto (Aug) 0.4% 0.4%
16:15 EUR ECB President Lagarde Speaks
17:00 USD Crude Oil Inventories 5.810M
17:00 USD Cushing Crude Oil Inventories 1.247M

My position is net-long (which means that I have a sell position too, which sitting in nice red... But you know until you dont realize, you lose the money and more important that you need to have suficient capital to maintain your losing position(s) and if the market is once again set up for you make your move.