Tight Ranges To Continue – Most Probably
Today we have the U.S. GDP reading on tap (due at 13:30 UTC). However, traders doubt that this reading will generate large market movements since market participants await next week’s exceptional event risk. Investors may not want to risk premature exposure ahead of the FOMC rate decision and U.S. nonfarm payrolls next week.
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Our trading ideas for today 26/1/23:
Long @ 1.0930
Short @ 1.0880
Long @ 1.2430
Short @ 1.2360
Long @ 15190
Short @ 15090
Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.
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