Post Tagged with: "Friday effect"
5 Notes for Non-Farm Payrolls Trading
The release of the American Non-Farm Payrolls is a circus in the forex market. Here are a 5 notes to watch out for in every Non-Farm Payrolls release during the financial crisis: Note number 5 is the most important one – the knee jerk reaction
Forex Daily Outlook – October 16th 2009
After a night of dollar weakness that sent the Aussie to new highs, the dollar recovered and is awaiting the TIC Long-Term Purchases, as well as other indicators. Let’s see what’s awaiting us on the closing day of the week. In Switzerland, Retail Sales are expected to rise by 1.1% after last month’s 1% rise.
Forex Daily Outlook – September 18th 2009
After a hectic weak that saw much dollar weakness, Friday’s calendar isn’t crowded at all. Apart from a few indicators, a “Friday effect” may occur near the end of the day. Let’s see what’s up: Japan starts the day with the BOJ Monthly Report. After the Monetary Policy Statement stated that there are signs of
Forex Weekly Outlook – September 7-11 2009
After an extremely busy week, the upcoming week is more relaxed, especially for North American traders, which enjoy the Labor Day weekend. Later in the week, things warm up with rate decisions from Britain, Canada and New Zealand, and many other important indicators. Non-Farm Payrolls, as well as a big number of other important indicators,
AUD/USD Breakout
While most currency pairs were stuck in a range, AUD/USD managed to break above a month’s range. This happened in the late hours of Friday afternoon. Though it didn’t blast the roof, this breakout repeats the pattern of the previous breakout – exactly 5 weeks ago. After yet another week of AUD/USD range trading, Friday
Another Friday – Another Dollar Comeback
This is already becoming a pattern – the US dollar makes serious gains in the late hours of the forex trading week – late Friday afternoon. The excellent Existing Home Sales supported the dollar’s rising this week. Let’s examine the pattern. The dollar was losing today to many currencies. Regarding the EUR/USD, the Euro had
The Beginning of the End?
Fresh Non-Farm Payrolls numbers, and the huge surprise with the dropping unemployment rate suggest that maybe Obama was right: the beginning of the end of the global recession. Great volatility in forex trading leaves the dollar slightly stronger. Drop in Unemployment Rate Non-Farm Payrolls printed a serious surprise: job losses in the US squeezed to
British Pound Outlook – August 3-7 2009
The British Pound managed to close above a critical resistance line late on Friday. Is it truly the big break? Or was it just temporary? This week features 8 major events for the Pound. Here’s an outlook for those events and a technical analysis for
Friday Effect Hurts Dollar but Doesn’t Break Any Levels
Late on Friday afternoon, the US dollar lost ground. It came about the 3 hours after the surprising GDP release. Despite the sharp moves, the dollar just lost its gains from previous, and no significant technical barriers were breached. Maybe next week’s Non-Farm Payrolls will make the market explode. American Advance GDP for the second
Forex Weekly Outlook – May 18-22 2009
It’s an interesting week ahead in forex: GDP figures in Britain and Japan, CPI in Britain and Canada and American Building Permits in the US are the highlights this week. Let’s see what other major indicators are due this week. Sunday, May 17th: Yup, important indicators start early, with the PPI Input in New Zealand.