My trading journey with FXOpen

[radex78]

The new year 2025 is now the 2nd, previously leaving one USDCNH trading position that was late exiting and still floating.

 

[radex78]

Today we are waiting for ISM Manufacturing PMI data for USD while waiting with pending orders.

 

[radex78]

Weekend, looking at the crypto market, the price of BTCUSD is now around $98k across the middle band line. Yesterday's USDJPY position did not change, and pending orders were not hit.

 

[radex78]

Today we are still waiting, USDJPY has risen further leaving pending orders, but the price is near resistance, it is quite risky to enter.

 

[radex78]

USDJPY went down yesterday and grabbed pending orders and ended up hitting TP, today some important data from the US related to Job data which might affect the currency.

 

[radex78]

Waiting for US unemployment claims data and ADP report, still leaving USDJPY pending orders untouched by price.

 

[radex78]

Waiting for the FOMC minutes the USDJPY pair is up, and pending orders are far from being touched, trying to bet on this range.

 

[radex78]

In yesterday's FOMC minutes the Fed will slow the pace of interest rate cuts in 2025 because Trump's protectionist policies could encourage inflation. Pending orders are untouched. Today there is NFP which may cause market turmoil.

 

[radex78]

The difference in NFP data between actual data was 256k and forecast 164k while the previous revision was 212k. The unemployment rate fell 4.1% from 4.2%. USD is volatile but does not touch pending orders.

 

[radex78]

Today is a Japanese Bank Holiday, but the USDJPY pair dropped after last weekend's jump due to the impact of NFP, pending orders have not been touched.