Popular Posts

Forex News»

Opinions»

EUR/USD: Trading the US Non-Farm Employment Change

EUR/USD: Trading the US Non-Farm Employment Change

Aug 1, 2014 11:50
US Non-Farm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than...

Majors»

Forex Weekly Outlook August 4-8

Forex Weekly Outlook August 4-8

Aug 1, 2014 17:00
The US dollar was the star during most of the week, although it lost some of its shine towards the end. Rate decisions in Australia, the UK, Japan and the Eurozone, Employment...
  • GBP/USD Forecast July 28-Aug.1
    GBP/USD Forecast July 28-Aug.1
    GBP/USD took a tumble last week, as the pound coughed up over a 100 points and slipped below the 1.70 level. The...
    on Jul 27, 2014 19:56
  • USD/JPY Forecast Jul. 28 – Aug. 1
    USD/JPY Forecast Jul. 28 – Aug. 1
    USD/JPY rose from the lows approaching the well known 102 line once again in a week that saw lots of dollar strength....
    on Jul 27, 2014 12:25
  • EUR/USD Forecast Jul 28-Aug 1
    EUR/USD Forecast Jul 28-Aug 1
    EUR/USD lost ground for another week and reached levels last seen in November 2013. Will it continue lower? Inflation...
    on Jul 26, 2014 15:00

Minors»

NZD/USD Forecast Jul. 28 – Aug. 1

NZD/USD Forecast Jul. 28 – Aug. 1

Jul 28, 2014 18:24
The New Zealand dollar was hit hard despite a rate hike. Where will it find a bottom? As the calendar is light, the kiwi is likely to continue digesting the words coming...
  • AUD/USD Forecast July 28-Aug. 1
    AUD/USD Forecast July 28-Aug. 1
    AUD/USD was unchanged for a third consecutive week, as the pair closed at 0.9384. This week’s highlight are...
    on Jul 27, 2014 14:53
  • USD/CAD Forecast July 28-Aug. 1
    USD/CAD Forecast July 28-Aug. 1
    The Canadian dollar sagged on Friday, as USD/CAD pushed above the 1.08 level, closing at 1.0803. On the release...
    on Jul 27, 2014 14:09
  • AUD/USD Forecast July 21-25
    AUD/USD Forecast July 21-25
    AUD/USD was unchanged for a second straight week, as the pair closed at 0.9382. This week’s highlight is...
    on Jul 20, 2014 14:14

Basics & Industry»

Avoid Trading the Martingale Way

Avoid Trading the Martingale Way

Aug 1, 2014 09:32
If someone came to you and said that there was a trading strategy where you were always guaranteed to make a profit, there is a very good chance that you wouldn’t believe...

Recent Articles

Forex Weekly Outlook August 4-8

Forex Weekly Outlook August 4-8

The US dollar was the star during most of the week, although it lost some of its shine towards the end. Rate decisions in Australia, the UK, Japan and the Eurozone, Employment data, in Australia, Canada and US trade data are some of the highlight events on Forex calendar. Here is an outlook on the main

Pound stabilises after falling due to UK consumer credit data

Pound stabilises after falling due to UK consumer credit data

GBP/USD has consolidated under the 1.70 level since Friday.  The pound fell on Tuesday after UK consumer credit data printed weaker than expected.  Mortgage approvals, released at the same time, were a little better than expected, but the news was shrugged off as investors sold GBP vs. both the USD and EUR.  Month end buying

ISM Manufacturing PMI jumps to 57.1 points – USD recovers

ISM Manufacturing PMI jumps to 57.1 points – USD recovers

The US manufacturing is doing ok: the ISM manufacturing PMI surprises to the upside with 57.1 points. The ISM Non-Manufacturing PMI for July was expected to edge up from 55.3 to 56.1 points. This figure usually serves as a hint towards the NFP, but this time it is published after the fact, so the employment component

Forex Analysis: EUR/USD Continues to be Weighed Down

Forex Analysis: EUR/USD Continues to be Weighed Down

August 1, 2014 – EUR/USD (daily chart) has continued to be weighed down in the midst of a sharp decline and new bearish trend of the past few months. Since the beginning of July, exactly a month ago, the currency pair has made an almost uninterrupted freefall from 1.3700-area resistance, extending the broader decline from

Non-Farm Payrolls +209K, unemployment rate 6.2%- USD slides

Non-Farm Payrolls +209K, unemployment rate 6.2%- USD slides

A disappointing job report: a gain of only 209K, below expectation, but not a total disaster. The unemployment rate is higher at 6.2% but so is the participation rate at 62.9%. Inflation related numbers provide no surprises with y/y average hourly earnings remain 2%. The US was expected to report a gain of around 233K jobs

EUR/USD: Trading the US Non-Farm Employment Change

EUR/USD: Trading the US Non-Farm Employment Change

US Non-Farm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Update: Non-Farm Payrolls +209K, unemployment rate 6.2%- USD falls Here are the details and 5 possible outcomes for EUR/USD.

EUR/USD and USD/JPY pre NFP Elliott Wave Analysis

EUR/USD and USD/JPY pre NFP Elliott Wave Analysis

The FX market is not moving much ahead of the highly anticipated US NFP report today at 12:30GMT; expectations are 231K, and a good number will just support the current USD move even more. If the number is bad, then we may see some correction in favor of EUR, CHF, AUD and others but only

Nonfarm payroll day

Nonfarm payroll day

Investors are slowly but surely preparing themselves for higher rates as equity markets suffered a blow yesterday, the dollar continued to appreciate or at least hovered around its recent highs and the US 2 year Treasury yield reached its highest level since the first half of 2011.  With the first dissenter sitting on the FOMC

GOLD Testing Critical Support Area Ahead Of US NFP

GOLD Testing Critical Support Area Ahead Of US NFP

The US dollar surge was not only against the currencies, but commodities like GOLD and SILVER also felt the heat. GOLD recently traded lower after it failed to break the 200 moving average on the 4 hour chart. It is trading around an important support area at present, and considering that we have a major

UK manufacturing PMI falls to 55.4 – GBP/USD follows

UK manufacturing PMI falls to 55.4 – GBP/USD follows

A big disappointment from the UK: manufacturing PMI for July dropped to 55.4 points. This is the lowest in a long time, even though it still reflects solid growth. The purchasing managers’ index for the manufacturing sector was expected to tick down from 57.5 to 57.2 points, still reflecting strong growth in this sector. Last month’s figure