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EUR/USD: Trading the US Unemployment Claims

EUR/USD: Trading the US Unemployment Claims

Aug 21, 2014 11:02
US jobless claims are released weekly and serve as a constant barometer for the health of the job market. Despite the volatile nature of the frequent report, it has a significant...

Majors»

GBP/USD Forecast Aug. 18-22

GBP/USD Forecast Aug. 18-22

Aug 17, 2014 20:17
The British pound lost close to a cent last week, as GBP/USD continues to weaken. The pair close the week at 1.6687. This week’s major events are CPI and Retail Sales. Here...
  • USD/JPY Forecast Aug. 18-22
    USD/JPY Forecast Aug. 18-22
    USD/JPY floated around the 102 magnet yet again. When will the pair pick a direction?. Trade balance is the main...
    on Aug 17, 2014 11:27
  • EUR/USD Forecast August 18-22
    EUR/USD Forecast August 18-22
    EUR/USD saw a new slide once again. but did not really make a substantial move. The focus is on the PMIs and on...
    on Aug 16, 2014 15:00
  • Forex Weekly Outlook August 18-22
    Forex Weekly Outlook August 18-22
    The US dollar was able to advance against the major currencies but retreated against commodity currencies in a...
    on Aug 15, 2014 16:57

Minors»

USD/CHF Likely to Extend Gains

USD/CHF Likely to Extend Gains

Aug 21, 2014 10:24
The US dollar blasted higher against most major currencies, including the Swiss franc yesterday post the FOMC meeting minutes. The US dollar bulls were impressed by the outcome,...
  • USD/CAD Forecast Aug. 18-22
    USD/CAD Forecast Aug. 18-22
    The Canadian dollar improved last week, as USD/CAD closed just below the 1.09 level. This week’s highlights...
    on Aug 17, 2014 16:46
  • AUD/USD Forecast Aug. 18-22
    AUD/USD Forecast Aug. 18-22
    For a second straight week, AUD/USD showed little movement, as the pair closed at 0.9316. This week’s major...
    on Aug 17, 2014 10:54
  • AUD/USD Forecast Aug. 11-15
    AUD/USD Forecast Aug. 11-15
    AUD/USD was almost unchanged last week, as the pair closed at 0.9271. This week’s highlight is NAB Business...
    on Aug 10, 2014 16:35

Basics & Industry»

Getting to grips with trend following – part 2

Getting to grips with trend following – part 2

Aug 21, 2014 08:08
According to Wikipedia, trend following is an investment strategy that is based on the technical analysis of market prices, rather than on the fundamental strengths of the...
  • How to Avoid Recency Bias
    How to Avoid Recency Bias
    One of the biggest enemies that any trader has is recency bias. This is the phenomenon that occurs when we pay...
    on Aug 20, 2014 08:23
  • Getting to grips with trend following – Part 1
    Getting to grips with trend following – Part 1
    According to Wikipedia, trend following is an investment strategy that is based on the technical analysis of market...
    on Aug 19, 2014 08:04
  • How to Anticipate Trends
    How to Anticipate Trends
    One common misperception with forex trading is that traders are able to predict trends. In other words, they use...
    on Aug 18, 2014 10:28

Recent Articles

Strong US data: existing home sales jump to 5.15 million, Philly Fed to 28

Strong US data: existing home sales jump to 5.15 million, Philly Fed to 28

Excellent US data: existing home sales jump to an annualized level of 5.15 million, the Philly Fed figure leaps to 28 points, and the CB Leading Index rises by 0.9%. Everything sees positive in the US economy today. Will Yellen acknowledge it? The Philly Fed Manufacturing Index for August was expected to drop to 19.7 from

USD Rallies after FOMC Minutes, ahead of Jackson Hole

USD Rallies after FOMC Minutes, ahead of Jackson Hole

The previously strong US dollar got an added boost following the release of the FOMC minutes yesterday afternoon. Fed officials were recorded as saying job gains might bring a rate rise sooner than anticipated as financial system vulnerabilities were “well contained”. These comments sparked another dollar rally ahead of two hotly anticipated speeches at this

US jobless claims falls to 298K

US jobless claims falls to 298K

Good news from the US: jobless claims drop below 300K once again: a drop of 14K to 298K. Continuing claims stand on exactly 2.5 million, also slightly better than predicted. The 4 week moving average is at nearly 301K, higher than last week, but still low enough and encouraging enough. The dollar is slightly stronger, on

EUR/USD – Steady on Mixed Euro PMIs

EUR/USD – Steady on Mixed Euro PMIs

EUR/USD continues to trade at low levels on Wednesday, as the pair trades in the mid-1.32 range. The euro has lost over 100 points this week and finds itself at its lowest level since September 2013. On the release front, a host of Euro PMIs painted a mixed picture, with German figures beating their estimates. It’s a busy day in the US, with two

EUR/USD: Trading the US Unemployment Claims

EUR/USD: Trading the US Unemployment Claims

US jobless claims are released weekly and serve as a constant barometer for the health of the job market. Despite the volatile nature of the frequent report, it has a significant impact on the dollar, especially as the figures have recently dropped several times below the 300K mark, indicating a break from the previous range and

Is the USD move against EUR and CAD over-extended? Elliott Wave Analysis

Is the USD move against EUR and CAD over-extended? Elliott Wave Analysis

The USD made yet another move higher across the board yesterday after the FOMC meeting minutes, while stocks also found some support. However, the latest leg of the USD against the majors is extended and can be a final one within a larger impulsive price action. So, traders must be aware of trend reversals. On

UK retail sales  only +0.1%, core +0.5% – GBP/USD resumes falls

UK retail sales only +0.1%, core +0.5% – GBP/USD resumes falls

More disappointing data from the UK: retail sales advanced only 0.1% in July, and core sales rose by 0.5%. UK consumers have not returned to shopping en masse following the slow growth in June. Also Public Sector Net Borrowing fell short, with -1.1 billion. This means that the government had a lower surplus. GBP/USD is now sliding, erasing

USD/CHF Likely to Extend Gains

USD/CHF Likely to Extend Gains

The US dollar blasted higher against most major currencies, including the Swiss franc yesterday post the FOMC meeting minutes. The US dollar bulls were impressed by the outcome, as they took the USDCHF pair to fresh monthly highs. The pair also managed to break important resistance area, which might act as a support moving ahead.

Forex market favors US dollar

Forex market favors US dollar

A shift is happening in forex markets, one that is favouring the dollar as yields are pushed lower elsewhere and the US creeps towards a time when a rate increase will be more actively considered. More of this was seen overnight with the release of the latest FOMC minutes in the US, the tone of

German PMIs beat expectations – EUR/USD advances

German PMIs beat expectations – EUR/USD advances

Both PMIs in Germany slide, but less than expected, so this is actually good news: manufacturing is at 52, services at 56.4 points. EUR/USD is now moving to 1.3270, ticking up from lower levels, and extending the recovery from the deep lows. Germany’s manufacturing PMI was expected to slide from 52.4 to 51.8 points in