Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. 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 Thursday at 1:30 GMT. Indicator Background Job creation is one … “AUD/USD: Trading the Australian jobs Aug 2015”
Month: August 2015
Preparing for a Potential Euro Selloff
Right now, the euro is higher against the US dollar in Forex trading. However, the gains are relatively modest, and there is the possibility that the euro will sell off later this week if US data comes in strong. Expectations of a rate hike in the United States persist, and the euro is still struggling with the Greek crisis. Even though some think that the euro has mostly decoupled from the Greek … “Preparing for a Potential Euro Selloff”
Lower Construction Data Doesn’t Do Much to Disrupt Sterling
Sterling is a little lower against the euro today, following lower construction data. However, the pound is quickly overcoming some of its losses and the overall strengthening trend for the currency doesn’t appear to be very diminished. The latest construction PMI data out of the United Kingdom came in lower than expected. As a result, the sterling has dropped slightly against the euro. However, other than that minor disappointment, the UK pound hasn’t … “Lower Construction Data Doesn’t Do Much to Disrupt Sterling”
GBP/USD: Trading the British Services PMI Aug. 2015
British Services PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound. Update: UK Services PMI: 57.4 Here are all the details, and 5 possible outcomes … “GBP/USD: Trading the British Services PMI Aug. 2015”
AUDUSD & USDJPY Look Higher – Elliott Wave Analysis
The mover in the overnight session was AUD which rallied sharply following the good retail sales and trade balance figures as well as the shift from the RBA. This bullish move has been technically expected, already ahead of the events as we highlighted a clear bullish pattern after only three waves down to 0.7260. At … “AUDUSD & USDJPY Look Higher – Elliott Wave Analysis”
cTrader, cTrader Web and cMirror receive upgrades
Spotware Systems, the software provider behind various eFX STP solutions has announced various updates to its products. Here are the details via the official press release: Spotware Systems announce the release of several new features available throughout their Suite of Platforms, including cTrader, cTrader Web and cMirror. These updates include the ability for the user to … “cTrader, cTrader Web and cMirror receive upgrades”
CRUDE OIL: Extends Weakness, Eyes Further Downside Pressure
CRUDE OIL: With outlook for the commodity continuing to point lower, further weakness remains on the cards. This development leaves Crude Oil targeting support located at the 45.00 level where a break will expose the 44.00 level. A break below here will aim at the 43.00 level and then the 42.00 level. Below here will … “CRUDE OIL: Extends Weakness, Eyes Further Downside Pressure”
MarketsPulse powers new 15 second trading, 100% payout by
MarketsPulse, which provides software for binary options, has come up with a new product which offers fast trading. This is now offered by DMM Option. Here are more details from the official press release: London- Specialists in binary option solutions for premium brokers since 2008, MarketsPulse (marketspulse.com), unveils its new 15 second option type with 100 … “MarketsPulse powers new 15 second trading, 100% payout by”
A Lot More EUR Selling Still To Come; Where To
EUR/USD is trading under the 1.10 level but isn’t going down too fast. What’s next for the common currency? The team at BTMU sees more EUR selling still to come and sets the next targets: Here is their view, courtesy of eFXnews: During July the euro weakened against the US dollar in terms of London … “A Lot More EUR Selling Still To Come; Where To”
Forex On The Go offers MT4 White Label Trading via
More and more traders are moving into mobile and the company that stands behind one of the most downloadable platforms, Forex On The Go, is releasing new major products. Here are all the details from the official press release: August 4th, 2015: Forex On The Go, the makers of one of the most downloaded mobile Forex … “Forex On The Go offers MT4 White Label Trading via”