Intraday Trading Strategies | 7 Powerful Strategies For

GBPUSD SUSTAINS ABOVE 1.32 LEVEL, INVESTOR EYES ON BAILEY'S SPEECH

GBPUSD SUSTAINS ABOVE 1.32 LEVEL, INVESTOR EYES ON BAILEY'S SPEECH


After reversing from eight months high of 1.3284 in the previous trading session, GBPUSD is flashing green on Friday, moving in tandem with equity market. Besides, investors are also vigilant ahead of speech by BOE governor, Andrew Bailey's at Jackson Hole Economic Symposium where he is expected to provide cues about future monetary policy for the UK. As of now, the cable is trading 0.43% higher at 1.3242
Talking about the previous trading session, the pair gained positive traction and climbed to the highest level since December 2019 following the decline in the demand for the dollar after the Federal Reserve Chairman Powell’s speech. Fed announced another aggressive strategy to keep the interest rates at lower levels for supporting the American economy amidst coronavirus pandemic. Further, the investors’ sentiment tampered after the American Unemployment Claims increased to 1006K, missing the market expectation of 1 million.
However, the pair failed to hold on to the intraday gains and came under intensive selling pressure due to the broad-based strength in the greenback after the US monthly Pending Home sales statistics came at 5.9% vs market anticipation of 2.5%. Subsequently, the pair ended the trading session at 1.3199, with a marginal depreciation of 0.09%.
Going forward, investors will wait for US monthly Core PCE Price Index, Personal Spending, and Revised UoM Consumer Sentiment data for intraday trading opportunities.
Risk Disclaimer: The vast majority of retail client accounts lose money when trading in CFDs.
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EURUSD NUDGES HIGHER POST FED CHAIR POWELL’S COMMENTS

EURUSD NUDGES HIGHER POST FED CHAIR POWELL’S COMMENTS


The single currency edged higher versus its US counterpart in the early Asian hours on Friday, post FED Chair Powell’s comments. The underlying sentiments were supported after US Federal Reserve hinted that interest rates will remain close to zero in the foreseeable future despite surge in the pace of inflation.
As of now, the currency pair is trading at 1.1866, representing gains of 0.38%.
Coming onto the previous session, the currency pair witnessed a two way price action and finally settle the day in red territory at 1.1821, with slight loss of 0.07%. Initially, the currency pair surged to the intraday high of 1.1902 level as a kneejerk reaction to the speech of US FED Chairman Jerome Powell at the Jackson Hole Symposium as he indicated towards a shift in the average target inflation to run beyond the set 2%. Powell further reiterated that the pace of US economic recovery would be gradual amid ongoing coronavirus pandemic. However, the pair quickly lost steam as lingering US-China trade concerns and coronavirus worries overshadowed the highly aggressive growth strategy by the Federal Reserve.
Moving ahead, investors can take cues from the US Core PCE Price Index data, Chicago PMI and Personal Spending reports as it could lead to volatility in the pair.
Risk Disclaimer: The vast majority of retail client accounts lose money when trading in CFDs.
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USDCAD TICKS HIGHER AMID SURGING CORONAVIRUS CASES

USDCAD TICKS HIGHER AMID SURGING CORONAVIRUS CASES


USDCAD is slightly up in the Asian session Monday following the mild appreciation in the US Dollar due to rise in its safe haven bids. Increase in the specter of coronavirus cases around the globe prompts renewal of lockdown strategy which supports the greenback. Moreover, decline in the prices of crude oil amid the oversupply fear as OPEC and its allies are about to end the production cut strategy in August, also undermines the commodity linked loonie. As of now, the currency pair is trading flat at 1.3407 level.
Talking about the last trading session, the currency pair edged lower as positive Canadian GDP data provided support to the loonie against its American counterpart and touched the intraday level of 1.3372. The monthly Canadian GDP data came out at 4.5% better than anticipated 3.5% on Friday. However, in the American session, decline in the prices of crude oil coupled with upbeat US Chicago PMI and monthly Personal Spending data, limited the losses in the pair. Thereby, the currency pair edged lower by 0.11% and closed the session at 1.3406 level.
Going forward, market participants will remain watchful over US ISM Manufacturing PMI and US monthly Construction Spending data - scheduled to be released later today, to frame their investment decisions.
Risk Disclaimer: The vast majority of retail client accounts lose money when trading in CFDs.
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USDCAD TICK HIGHER AMID SURGING CORONAVIRUS CASES, EYES ON US MACRO DATA

USDCAD TICK HIGHER AMID SURGING CORONAVIRUS CASES, EYES ON US MACRO DATA


USDCAD mirrored the movement of Dollar Index which took some respite from selling and is flashing green in the Asian session on Tuesday. Increase in the specter of coronavirus cases around the globe prompts renewal of lockdown strategy which supports the greenback. Recently, Britain put the quarantine condition on the travellers from Spain whereas many Asian nations have imposed fresh restrictions to contain the pandemic. As of now, the pair is trading higher by 0.09% at 1.3367 level.
The currency pair declined by 78 pips in the last trading session owing to the broad based weakness in the greenback. The media reports that Trump Administration agreed with Senate Republicans for $1 trillion worth of coronavirus relief package added hopes to the economic recovery. In addition to that, increase in the prices of crude oil boosted the commodity linked loonie on Monday. Thereby, the currency pair closed the session lower by 0.41% at 1.3355 level.
Going forward, market participants will remain watchful over US CB Consumer Confidence data and US Richmond Manufacturing Index data - scheduled to be released later today for intraday trading opportunities.
Risk Disclaimer: The vast majority of retail client accounts lose money when trading in CFDs.
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USDCAD TRADES LOWER AMID FISCAL STIMULUS

USDCAD TRADES LOWER AMID FISCAL STIMULUS


Extending its two days of negative movement, USDCAD is trading at five weeks low level in the Asian session on Wednesday owing to the optimism surrounding the global economic recovery supported by the strategy of fiscal help by the governments. As of now, the currency pair is trading lower by 0.12% at 1.3442 level.
Talking about the last trading session, the currency pair declined below the level of 1.3450 owing to the broad based weakness in the greenback. The media reports regarding the positive results of clinical trial of covid-19 vaccine developed by AstraZeneca undermined the safe haven appeal of US dollar and bolstered the risk on sentiments among traders. Also, the rise in the prices of crude oil underpinned the commodity linked loonie on Tuesday and, the currency pair culminated the session at 1.3458 level, down by 0.56%.
Going forward, market participants will remain watchful over Canadian monthly CPI data, US monthly HPI and Crude Oil Inventories data - scheduled to be released later today for intraday trading opportunities.
Risk Disclaimer: The vast majority of retail client accounts lose money when trading in CFDs.
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USDCAD RESILIENT NEAR 1.36 LEVEL AMID ALARMING VIRUS SITUATION

USDCAD RESILIENT NEAR 1.36 LEVEL AMID ALARMING VIRUS SITUATION


USDCAD remains resilient near 1.36 handle in the Asian session on Wednesday amid the cautiousness in the market following fear of a resurgence of the coronavirus outbreak. The pandemic has spread up globally as more than 11.8 million people worldwide have been diagnosed with Covid-19 and America has broken all records with approximately 60k fresh cases reported in last 24 hours. As of now, the pair is trading slightly up by 0.02% at 1.3604 level.
The currency pair edged higher by 0.47% and settled at 1.3601 level in the last trading session owing to the pickup in the demand for US dollar following increase in its safe haven appeal. The proliferating pandemic cases along with the renewed lockdown strategies to contain the spread have spooked the concerns of traders regarding the economic activities which underpinned the safe harbor bids for the US dollar.
Going forward, market participants will remain watchful over the US Crude Oil Inventories data- scheduled to be released later today for intraday trading opportunities.
Risk Disclaimer: The vast majority of retail client accounts lose money when trading in CFDs.
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LOONIE GAINS STRENGTH AMID RISE IN PRICES OF CRUDE OIL

LOONIE GAINS STRENGTH AMID RISE IN PRICES OF CRUDE OIL


USDCAD reverses its initial gains in the Asian session on Monday following broad based USD weakness and improvement in the prices of crude oil. The limited supply strategy by the major oil producers bolsters the prices of black gold which underpins the commodity linked loonie. As of now, the currency pair is trading lower by 0.15% at 1.3582 level.
The currency pair witnessed two way price movements on the last trading day of the week. Initially, the pair declined owing to the positive market sentiments coupled with increase in the prices of crude oil. However, in the late American hours, the greenback bounced following the downbeat Canadian Retail Sales data. The prints showed that retail sales in the Canadian economy nosedived to -22% much less than anticipated that weighed on the loonie. Thus, pair culminated the session slightly higher by 0.04% at 1.3604 level.
Going forward, market participants will remain watchful over US Home Sales data and speech by BOC Governor Macklem– scheduled for later hours in a day, for intraday trading opportunities.
Risk Disclaimer: The vast majority of retail client accounts lose money when trading in CFDs.
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USDCAD TICKS HIGHER, INVESTORS EYE US FLASH MANUFACTURING SALES DATA

USDCAD TICKS HIGHER, INVESTORS EYE US FLASH MANUFACTURING SALES DATA


After witnessing a selling in the last trading session, USDCAD takes a breather and is currently flashing green in the Asian session on Tuesday. The media report stating that US plans to impose additional tariffs on the aluminum import from Canada is weighing on the commodity linked loonie. As of now, the pair is trading at 1.3535 level, up by 0.10% ahead of US Flash Manufacturing Sales data scheduled for the later hours in the day.
The currency pair declined by 0.61% and settled at 1.3521 level on Monday owing to the broad based USD weakness and strength in the crude oil prices that boosted the loonie. The OPEC cartel’s decision to comply with the output cut strategy provided support to the prices of black gold. Along with that, downbeat US existing Home Sales data exerted additional pressure on the greenback. The data came out at 3.91M much less than anticipated.
Going forward, market participants will remain watchful over US New Home Sales, Richmond Manufacturing Index, Flash manufacturing PMI and Flash Services PMI– scheduled for later hours in a day, for intraday trading opportunities.
Risk Disclaimer: The vast majority of retail client accounts lose money when trading in CFDs.
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USDCAD BEARS REMAIN INTACT OWING TO INCREASE IN RISK-ON SENTIMENTS

USDCAD BEARS REMAIN INTACT OWING TO INCREASE IN RISK-ON SENTIMENTS


After witnessing a selling for two consecutive session, the pair extends its losses in today’s session due to increase in the risk on sentiments. Fed’s strategy to raise liquidity has bolstered the sentiments of the investors which were baffled by the pandemic. As of now, the pair is trading at 1.3519, down by 0.39% ahead of testimony by Federal Reserve Chairman Powell scheduled for later hours in the day.
The currency pair witnessed two way price movement in the previous trading session. Initially, the pair surged following rise in the safe harbor bids for the greenback owing to increase in the coronavirus cases worldwide. Over the weekend, Beijing registered new 57 cases whereas 25k new cases were reported in US on Saturday. However, the Fed’s decision to provide additional support via corporate bond purchasing scheme exerted pressure on the greenback in the later American hours. The Federal Reserve announced Secondary Market Corporate Credit Facility (SMCCF) might buy up to $750 billion in corporate bonds. Thereby, the pair culminated the session slightly lower by 0.07% at 1.3571 level.
Going forward, market participants will remain watchful over US monthly Retail Sales, monthly Industrial production data and Federal Reserve Chairman Powell’s testimony- scheduled to be released later today for intraday trading opportunities.
Risk Disclaimer: The vast majority of retail client accounts lose money when trading in CFDs.
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Intraday US30/DJIA trading strategy Intraday Tips Stock For 28-AUG--2020  intraday trading ... CFD Trading Strategies & CFD Technical Analysis Very Simple 30 minutes Intraday (price action) trading strategy script Strategia di Trading Intraday Nasdaq CFD

If you understand position sizing strategies, then this could be one of the best CFD trading strategies for you. That said, it carries a high level of risk. Intraday moves are limited which leads traders to take larger sized positions to squeeze the most out of the smaller moves. While intraday trading can be used in most financial markets, it is mostly seen in forex and CFD trading, as well as among some stock traders. The style is more suited for highly liquid markets with adequate volatility. The high liquidity makes it possible for the traders to easily get in and out of a trade, while good volatility ensures that Intraday trading refers to holding a CFD position only while the market is open for that particular day. That means you buy it after 10am and sell it before 4pm the same day. Rarely will someone who focuses on intraday trading hold a CFD for a night as this will conflict with their trading strategy. Intraday trading is intensive and risky, but can potentially be very profitable. Here are some guidelines for picking the best day trading stocks, and how to get in and out of them with a profit. Intraday trading is a risky business and it is not suitable for all types of traders, especially for beginners. Trading intraday requires a very competitive broker and a good understanding of position sizing. CFD trading can be a useful tool for trading intraday. Basic Requirements for Applying an Intraday Strategy

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Intraday US30/DJIA trading strategy

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