JOLTS Job Openings measures the change in the number of employment openings last month, excluding the farm industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Tuesday at 14:00 GMT. Update: US JOLTS jump to 4.17 million – … “EUR/USD: Trading the US JOLTS April 2014”
Month: April 2014
cTrader launched by MB Trading in the US
US forex broker MB Trading is the first US entity to launch Spotware’s cTrader platform. The entrance of Spotware into the US is an important milestone for the software company. For more, here is the press release: (El Segundo, CA) – April 8, 2014 – Manhattan Beach Trading Financial Services, Inc. and MB Trading FX … “cTrader launched by MB Trading in the US”
Weekly overview (31 March-04 April 2014) Negativity in the
Indices: Latest US data published last week revealed that the economy has added 191K new jobs, or fewer than the expected figure of 200K. The unemployment rate also kept its value from a month earlier amid forecasts for a new decline. All these figures led to serious Friday sell-offs which caused the Nasdaq100 to drop by … “Weekly overview (31 March-04 April 2014) Negativity in the”
EURUSD: Vulnerable With Caution
With EUR weakening for a third consecutive week, further downside pressure is envisaged. But in order for this occur it will have to break and hold below the 1.3676 level and its rising trendline. However, with a rejection candle seen on Friday, recovery risk could happen this new week. Support lies at the 1.3676 level. … “EURUSD: Vulnerable With Caution”
US jobs data roils markets
US non-farm payrolls add fewer than expected Mario Draghi speaks at press conference, takes dovish stance German industrial orders come back strong Canadian employment rebounds Asian markets were mixed overnight amid mild profit-taking following a week of healthy gains as focus remained squarely on non-farm payrolls from the US. In its announcement on Friday, Fitch ratings … “US jobs data roils markets”
NFP reaction: buy the rumor, sell the fact; USD could
The Non-Farm Payrolls headline was only a small miss and the details improve it. Nevertheless, the dollar fell across the board (with the euro having the weakest gain). Here are the good and bad parts of the report and why the markets reacted the way they did: The bad: NFP +192K – this is only … “NFP reaction: buy the rumor, sell the fact; USD could”
EUR/USD: Trading the US NFP Apr 2014
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. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 12:30 GMT. Update: Non-Farm Payrolls … “EUR/USD: Trading the US NFP Apr 2014”
Fundamental analysis in forex
Fundamental news events occur all day long. Traders need to watch out for economic reports, company earnings releases, central bank statements, political developments and a whole a lot more. However, having access to the data and the news events are of no particular use to a trader if they do not know how to analyse … “Fundamental analysis in forex”
EURJPY: Price Correction Sets In
EURJPY- With the cross halting its weakness on Wednesday, further decline is likely in the days ahead. Resistance resides at the 143.78 level. Further out, resistance comes in at the 144.00 level where a break will turn attention to the 144.50 level and then the 144.00 level. A violation will push it further higher towards … “EURJPY: Price Correction Sets In”
ECB decision cheat sheet – 4 scenarios
The outcome of the ECB meeting and the subsequent press conference by Mario Draghi are not fully anticipated, contrary to previous decisions. So far, this uncertainty translates into very steady markets. This calm usually precedes a storm. But in which direction will currencies go? Here is a short and quick preview or cheat sheet if … “ECB decision cheat sheet – 4 scenarios”