The upcoming release of the Non-Farm Payrolls will be a correction from the previous release due to government’s cut in jobs. Here’s a preview for the NFP on July 2nd, and the things to watch out for. The decennial census that was held in May had an impact on Non-Farm Payrolls from the beginning of the year. … “Jobs Hangover? Non-Farm Payrolls Preview”
Category: Opinions
Fundamental Overview – Market Movers This Week – 6/21/2010
The U.S. Dollar gave even more of its recent gains last week after the Spanish bond auction eased market debt fears in the Eurozone and China announced its shift to a new exchange rate policy with greater flexibility. Also, European exchange rates traded correctively higher after much of the bad news for those currencies already … “Fundamental Overview – Market Movers This Week – 6/21/2010”
GBP/JPY Outlook – June 21-25
The Chinese government finally made its move and promised to let the Chinese yuan trade more freely – appreciate against the dollar. This announcement on the weekend will have a positive impact on the Japanese yen across the board. The most interesting cross is GBP/JPY. Here’s an update on the situation and on the technical … “GBP/JPY Outlook – June 21-25”
3 Psychological Tendencies That Cripple Traders And How To
Guest post by Jason Madison of beatwallstreetnow.com In the world of trading we often spend too much time worrying about signals and news releases that we often overlook the most important aspect of being a successful trader which is to develop the proper mindset. This is more important than what methods you choose to use in … “3 Psychological Tendencies That Cripple Traders And How To”
Spain’s Credit Freeze Weighs on Euro
The European leaders can deny a multi-billion rescue package for Spain, but the wheels are already in motion – foreign banks refuse lending money to Spanish banks, and the government may be unable to supply the liquidity. EUR/USD is also in a downwards motion, ending the short lived party. Also the ZEW Economic Sentiment was … “Spain’s Credit Freeze Weighs on Euro”
Commodity Currency Update
For more information and analysis, visit bforex.com bforex.com USD/CAD The pair which at best is volatile during breakouts has been trading a considerably more volatile pattern over the last 30 days. A break above or below the 200 day moving average typically signals a change in long term outlook. However, we have seen the CAD … “Commodity Currency Update”
Indicators – 3 Reasons Why They Will Hurt Your Trading
Guest post by Jason Madison of beatwallstreetnow.com Indicators are widely used by traders, but just because something is widely used doesn’t that mean it’s good. In fact given that 95% of traders fail it’s probably best to stay away from the herd unless you want to end up in the slaughterhouse. So, here are the top … “Indicators – 3 Reasons Why They Will Hurt Your Trading”
Forex Video Outlook
In this video, I examine the technical levels of forex pairs, talk about Friday’s events and a look at the events that will shake the markets ahead in the week. This is the first time I produce such a video on my own. Your feedback is more than welcome, as always. Want to see what … “Forex Video Outlook”
Strong Canadian Job Growth Leaves Loonie Unexcited
Canadian job figures surprised once again – 24,700 jobs were gained, 50% more than expected. The unemployment rate remained unchanged at 8.1%. No surprise here, but this is still great. The Canadian dollar wasn’t excited. The Canadian Department of Labour Force Survey showed that gains were mostly seen in the services industries, and included gains … “Strong Canadian Job Growth Leaves Loonie Unexcited”
Higher Tensions towards the Non-Farm Payrolls
The tension in the markets is rising towards the release of May’s Non-Farm Payrolls. The already high expectations were raised on new data that has emerged. Updated towards the big event. EUR/USD returned back to the range after making a dip earlier this week. Another move after today’s figures was also contained. The markets are … “Higher Tensions towards the Non-Farm Payrolls”