dkbMARKETS is all about Enlightening & Mentoring Traders. This Trading & Investing blog was formed to give daily updates and advise on Dr Aderemi Banjoko's Day Trades, Swing trades and also other investments in the financial markets. This will hopefully assist you in learning the basic foundations of how to be successful in the Financial Markets (fixed income, stocks, commodities and currencies (FX).
Market Assessment - EURUSD
Big day in the Markets today. The CAD Unemployment Rate, USD Unemployment Rate & USD Change in Non-farm Payrolls are all due out today at 1:30pm GMT+1. There is a very HIGH probability of ALL the Markets trending sideways prior to the reports. I will avoid trading till 1:30pm.
Looking at the EURUSD 5min chart, the Market has been trending sideways since yesterday, see chart. I will reassess again just before the reports at 1:30pm for trading opportunities.
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