The ADP Non-Farm Employment Change measures the change in the number of 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. Here are the details and 5 possible outcomes for USD/JPY. Published on Wednesday at 13:15 GMT. Indicator Background … “USD/JPY: Trading the ADP Non-Farm Employment Change”
Month: January 2014
Webinar today: 2014 outlook – a guide to currency
After a volatile 2013 ended with QE tapering, we will examine what is in store for 2014. Is the dollar ready for a rally? On January 7th, 16:00 GMT, join a webinar hosted by FXstreet by signing up here for free. Can the euro remain supported? How low can the Aussie go? And what about … “Webinar today: 2014 outlook – a guide to currency”
Leverate enters the Binary Options world with the BX8
Forex trading software provider Leverate has entered the binary options market and now offers a new SaaS white-label Binary Options platform. Leverate recently gave a performance boost to its LXFeed. For more on BX8, here is the official press release: January 6, 2013 – Leverate, the developer of the award-winning Sirix retail forex front-end trading platform, announces … “Leverate enters the Binary Options world with the BX8”
UK Pound Struggles as Economic Data Weighs
UK pound is struggling today, barely etching out gains against major currencies. The latest services output data disappointed analysts today, showing a drop instead of an increase. Concerns about the UK economy are on the rise now, thanks to this latest data. Markit Economics reports that the services output gauge fell to 58.8 in December, down from 60 in November, This comes as a surprise, since many had expected … “UK Pound Struggles as Economic Data Weighs”
Euro Area Services Reading Helps Euro in Forex Trading
Euro is higher today, gaining ground as the latest euro area services reading from Markit Economics indicates continued expansion. The expansion is at a slower rate, true, but it’s still expansion. German stocks are doing well, and Germany in general seems to be doing just fine, leading the eurozone to better growth. The latest services index reading from Markit Economics shows that the euro area slowed to 51 … “Euro Area Services Reading Helps Euro in Forex Trading”
USD/CHF: Rallies, Takes Out Key Resistance
USD/CHF: With USD/CHF rallying to take out its key resistance at the 0.9000 level, it now faces the risk of further strength in the new week. Resistance resides at the 0.9109 level, its Dec 02’2013 high where a violation if seen will pave the way for a run at the 0.9149 level, its Nov 22 … “USD/CHF: Rallies, Takes Out Key Resistance”
Important news expected in the first full week of 2014
Indices: The last few days of 2013 will be remembered with the record values of both US and European stock indices. In the first days of 2014, however, the markets witnessed serious sell-offs and ultimately the weekly changes in all leading indices declined by about 1%. Italy’s S&P/MIB was the only one on the green side … “Important news expected in the first full week of 2014”
EUR/USD: Trading the Eurozone CPI Jan 2014
Eurozone CPI Flash Estimate, released monthly, is an inflation index which measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 10:00 GMT. … “EUR/USD: Trading the Eurozone CPI Jan 2014”
AUD/USD – Trading the Australian Trade Balance
Australian Trade Balance, which is released monthly, measures the difference between imported and exported goods and services. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on Tuesday at 00:30 GMT. Indicator Background Trade Balance is closely linked to currency … “AUD/USD – Trading the Australian Trade Balance”
US Dollar Gets Boost From Economic Expectations
US dollar is mostly higher today, getting a boost from economic expectations for the new year. Greenback is gaining against its European counterparts, even though it’s lost ground against the yen since trading at a five-year high earlier. Greenback is seeing a great deal of support right now. Earlier this week, the US Conference Board showed data indicating that consumers are feeling confident about … “US Dollar Gets Boost From Economic Expectations”