Aussie Consolidates After Mixed Job Data

Australian employment data was somewhat confusing – with a rise in the unemployment rate but a nice gain in jobs. After the blow AUD/USD got from the Fed decision, together with other currencies, it managed to consolidate. Update. The Australian unemployment rate unexpectedly rose from the low level of 5.1% back to 5.3%. Australia’s rate [...]

Forex Daily Outlook – August 12 2010

U.S. Unemployment Claims and Industrial Production in the Euro-Zone are today’s highlight. Here is an outlook to the market moving events. In the US, Unemployment Claims rose to 479K last week worse than anticipated a drop to 465K is expected now.

Binary Options Setups – August 9-13

Forex binary options can provide different types of opportunities for traders. This trading week provides more than a few, that will discussed after binary options with their terminology will be briefly explained. Binary options can be used as an alternative to the traditional stop loss, as a tool for protecting against false breakouts and lots [...]

Forex Weekly Outlook – August 9-13

The big event this week is the American rate decision, holding expectations for new easing steps – expectations that already hurt the greenback. Apart from this event, we have employment figures in Britain and Australia, European GDP and lots more. Here’s an outlook for the major market moving events in the upcoming week. Note that [...]

AUD/USD Outlook – August 9-13

The release of employment data is the main event for the rising Aussie. Here’s an outlook for the Australian events, and an updated technical analysis for AUD/USD. AUD/USD chart with support and resistance lines marked. Click to enlarge: Glenn Stevens left the interest rate unchanged at 4.50%, exactly as expected. The Aussie enjoyed other figures [...]

USD/CAD Jumps on Disappointing Canadian Jobs

After seeing outstanding results in recent months, Canadian job figures were disappointing this time – a drop of 9,300 jobs, falling short of an expected gain of 13,700 jobs. Also the unemployment rate rose from 7.9% to 8%. USD/CAD broke above resistance. In the hour before the publication of the jobs data, USD/CAD went back [...]

Forex Daily Outlook – August 6 2010

U.S. Non-Farm Employment Change, US Unemployment Change, Canada Employment Situation and Unemployment Rate and many other important events await us today. Here is an outlook on the final day of another trading week. In the US, Non-Farm Payrolls and Employment Situation Report, one of the most important indicators of economic health, measuring the number of [...]

Forex Daily Outlook – August 4 2010

U.S. ADP an early indicator of non-farm payrolls and US ISM Non-Manufacturing Index are the major activities on our menu. Here is an outlook on today’s market moving events. U.S. Automatic Data Processing Employment Report, a preliminary estimate for the outcome of the monthly non-farm payrolls is expected to add as many as 36,000 new [...]

Binary Options Setups – August 2-6

This week of forex trading has quite a few market moving events that could provide opportunities for binary options trading – a rather new instrument. Here are 10 market moving events with potential market reactions and binary options setups. Binary options can be used as an alternative to the traditional stop loss, as a tool [...]

Forex Weekly Outlook – August 2-6

The first week of the month is always very busy. We have rate decision in Europe and Britain, and lots of American figures – with the best for last – Non-Farm Payrolls. Here’s an outlook for this week’s major market movers. EUR/USD struggled with resistance, but eventually kept on swimming in the uptrend channel. Yet [...]

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