Trading the Non-Farm Payrolls is a complicated – yet potentially lucrative – task. The “whisper” number had a significant impact on the trade. Having a stop-loss is critical for the event. The first trading week of July 2019 can be divided into everything that happened before the Non-Farm Payrolls and after it. The USD dollar … “What we can learn from trading the recent NFP”
Category: Opinions
US CPI may send USD down – Preview
Investors and the Federal Reserve will be tuned to June’s all-important inflation figures. Fed Chair Powell will speak before and after the release, allowing a thorough response. FXStreet’s Surprise Index is indicating a downside surprise. Recent inflation trends are also pointing to a negative outcome. All eyes are on Federal Reserve Chair Jerome Powell and his highly-anticipated … “US CPI may send USD down – Preview”
Three reasons for GBP/USD’s downfall and levels to watch
GBP/USD has dropped to fresh six-month amid recession fears. Weak BRC retail sales exacerbate the pound’s pounding. Comments by Ireland’s finance minister also weigh. Tuesday’s daily chart points to near oversold conditions on GBP/USD. Sterling has been unable to enjoy any solace – Bears are breaking the pound as Brexit weighs on several fronts. Here are … “Three reasons for GBP/USD’s downfall and levels to watch”
NFP Preview: 3 scenarios for EUR/USD
US Non-Farm Payrolls for June are critical for the upcoming Fed rate cut. Markets will want to see if May’s dismal data was only a one-off. The US dollar’s next significant move heavily depends on the headline more than the wage numbers. EUR/USD is set to slide in two out of three scenarios. Will the … “NFP Preview: 3 scenarios for EUR/USD”
EUR: Trading Where It Should But A Notch Cheap ; AUD: The Favorite Antipode – TD
The common currency and the Australian dollar are looking for a new direction. What’s next? Here is their view, courtesy of eFXdata: TD Research discusses its tactical views on EUR and AUD. TD is neutral on EUR and bullish on AUD in the near-term. “Over the past three years, for instance, the price action (6m … “EUR: Trading Where It Should But A Notch Cheap ; AUD: The Favorite Antipode – TD”
EUR/USD may fall under ECB President Christine Lagarde
European leaders have been struggling to divvy up the top jobs. IMF Chief Christine Lagarde is emerging as a potential candidate to lead the ECB. Her views are dovish and may push EUR/USD to new lows. European leaders have usually been able to reach compromises – or “euro-fudges” – after long nights in Brussels. This … “EUR/USD may fall under ECB President Christine Lagarde”
Cryptocurrencies: Key levels to break for the next bullish move
Cryptocurrencies have corrected lower after a sharp rally. Each digital coin faces critical resistance lines it must recapture to resume the rally. Here are the next levels to watch according to the Confluence Detector. Cryptocurrencies have finally corrected some of their massive gains – a natural phenomenon in all financial markets. The rally has been … “Cryptocurrencies: Key levels to break for the next bullish move”
USD/JPY looks for a new direction amid trade and the Fed
USD/JPY has risen from the lows amid optimism about trade and moderate comments from the Fed. The Trump-Xi summit and the Non-Farm Payrolls promise an intriguing start to the second half of 2019. Early July’s daily chart indicates further falls for the currency pair. Experts see sideways movement in the short-term and rises afterward. What … “USD/JPY looks for a new direction amid trade and the Fed”
GBP/USD at the mercy of Boris Johnson and Trump’s trade
GBP/USD has retreated from new highs amid mixed message from Boris Johnson. UK PMI, the Conservative contest, US NFP, and trade talks are eyed in the upcoming week. The daily chart for the first week of July is mixed. Experts see little change in the short term, then bullish in the medium term, but bearish … “GBP/USD at the mercy of Boris Johnson and Trump’s trade”
USD: Weakness Likely To Extend As Key Technical Support Levels Are Broken – MUFG
The US dollar is trying to find its balance after the Federal Reserve sent it down with a dovish message. What’s next? Here is their view, courtesy of eFXdata: MUFG Research discusses the USD outlook and flags a scope for further weakness in the near-term. “The US dollar has continued to trade at weaker levels during … “USD: Weakness Likely To Extend As Key Technical Support Levels Are Broken – MUFG”