The NZD/USD pair confirmed below the 4-hour Ichimoku cloud [Video]

The NZD/USD pair confirmed below the 4-hour Ichimoku cloud on Tuesday on worse than expected Chinese data dump. Today we have another set of top-tier economic events to hit the markets. First off during the London session, the UK jobs report will be out at 9:30 AM GMT. The average earnings index could steal the show as policymakers are mindful of wage growth. Up next, the USD crosses will get hit by two important set of data out of the US at 1:30 PM GMT. The Consumer Price Index (CPI) and Retail Sales for October. Analysts estimate a lower monthly headline CPI reading but a slightly faster core inflation rate for October. As for the retail sales, market participants are expecting major weaknesses in October’s sales compared to September. Leading indicators are showing mixed readings. The CPI report might turn out to be the leading market mover as a few Fed members are already hinting that they’re uncomfortable with longer periods of low inflation. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.


For more from Invest Diva, click here

HIGH RISK Investment Trading forex (also known as foreign exchange or currencies) on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, risk appetite, and the amount of your expendable income. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should ONLY invest money that you can 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. Forex Diva Trading Opinions Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and education, and does not constitute advice. Forex Diva will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.