Siam Kidd - The Realistic Trader

📊The euro continues rising while traders await the NFP data The euro (EUR) gained 0.22% during a relatively quiet trading session on Thursday, continuing the bullish impulse triggered by disappointing U.S. data on Wednesday. 👉 Possible effects for traders EURUSD has been rising since 26 June as some uncertainty surrounding the French elections has dissipated, while the critical U.S. data generally were weaker than expected, weakening the U.S. dollar (USD). Moreover, the latest eurozone core inflation figures came out higher than expected. The inflation pace has raised doubt about whether the European Central Bank (ECB) can deliver two rate cuts this year, as the market hoped it would. Interest rate swap market data now implies that the Federal Reserve (Fed) may be more dovish than the ECB for the rest of the year. Traders currently price in roughly 49 basis points (bps) worth of rate cuts by the Fed until mid-December but expect just 40 bps of cuts by the ECB. This divergence in monetary policy expectations may continue to exert bullish pressure on EURUSD in the short term. EURUSD was essentially unchanged during the Asian and early European trading sessions. Today, all eyes will be on the U.S. Nonfarm Payroll (NFP) report due at 12:30 p.m. UTC. The previous NFP data indicated that the U.S. economy added 272,000 jobs in May, significantly exceeding expectations of 185,000, one of the largest monthly gains in the last five months. This time, the market anticipates an additional 190,000 jobs created in June, which is relatively easy to exceed. If the upcoming data surpasses market expectations, it will support the U.S. dollar and reduce the likelihood of the U.S. interest rate reduction in September. Thus, EURUSD will correct downwards, possibly below 1.07900. Weak NFP data may put strong bearish pressure on the greenback and pull EURUSD upwards, above 1.08500. More Updates are coming 📈

#BTC failed to hodl the support area and made a clean break below. Price did attempt a retest back to zone and strongly dumped. This was caused dur to Mt. Gox Transferred Huge #BTC to another wallet and repayment will start, which might create sort of pressure. Its better to see the market where it going rather than jumping into the dips.

Mt. Gox moves $2.7B in Bitcoin to new wallet address This create a strong panic to the market Would it be a long bear market run?

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BTCUSD, 1-hour timeframe chart BTCUSD retested the support level of 60,600.00 👉General outlook BTCUSD has been trading in a bearish trend within the last day. The pair moved down to the support level of 60,600.00. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 60,918.00. Set your stop loss at 59,718.00 below the previous low ($12.00 loss for 0.01 lot) and take profit at 62,118.00 ($12.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. Stay Tune, Trade or Scalp wisely don't be a greedy trader!!!✅️

Already said, its at a resistance and price dumped hard back to $61,000 and below. Well, now conditions are again same for us, so looking a for a support now so we need so see a drop below the $60,000 towards the support area.

#BItcoin Month on Month Returns in July seems to be positive and we can see there are correction but very decent.

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