There were many doubts about this move. When it did happen, the Australian dollar reacted with a leap. The Aussie is now better positioned towards the next big release this week and could go over the top. Update on this strong currency. After last week’s disappointing Australian figures, there were doubts about this move. It … “AUD/USD Advances on Fifth Rate Hike”
Category: Opinions
Dollar Rallies on Job Gains
It finally happened – the American job market gained 162,000 jobs in March. The highest gain in 3 years sends the dollar higher across the board. Not all currencies affected equally. NFP Analysis. Non-Farm Payrolls rose by 162K. This is the first time that the Department of Labor reports a rise in jobs in the … “Dollar Rallies on Job Gains”
GBP/JPY and the Non-Farm Payrolls
GBP/JPY completed a strong move up and stalled at the resistance line. At this new crossroad, the American Non-Farm Payrolls could help it make a decision. After breaking the 140 area, the Geppy moved quickly towards 143.60, which was the peak in the middle of February. Will it fall back down towards 140? or continue … “GBP/JPY and the Non-Farm Payrolls”
Aussie Losing its Charm?
The Australian dollar dipped on bad fundamentals – something quite uncommon. Does this imply a long term change? An update on the Australian economy as well as AUD/USD technicals. At the beginning of the week, things looked good for the Aussie. Glenn Stevens, the governor of the RBA, said that house prices are too high … “Aussie Losing its Charm?”
GBP/JPY Breaking Higher
The British Pound got some great news, managed to climb. While GBP/USD stopped at a resistance line, GBP/JPY managed to break higher. Update on both pairs. British Nationwide HPI rose by 0.7%, significantly higher than the early expectations for a 0.2%. This important house prices index showed that the dip in house prices last month … “GBP/JPY Breaking Higher”
Forex Technical Levels, Events and Expected Breakouts on the
On the weekly video outlook on Forex TV, I spoke with Julie Sinha about the events of this week (Non-Farm Payrolls, and many others), technical levels for the majors, and expected breakouts. Enjoy: Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Get the 5 most predictable currency … “Forex Technical Levels, Events and Expected Breakouts on the”
Full Recovery for EUR/USD? Not So Fast
EUR/USD enjoyed an active Asian session to make very significant gains in the wake of the new week. With the back wind of the Greek plan, is the Euro changing directions? Not so fast. During the Asian session, EUR/USD made a move above 1.3423. This was the previous support line. When the pair was trading higher, … “Full Recovery for EUR/USD? Not So Fast”
Will the Greenback Fly the Non-Farm Payrolls?
The upcoming Non-Farm Payrolls release on April 2nd should be significantly different than previous releases. The special timing and the a realization of the high expectations could send the dollar way up. Here’s a preview. For newbies, and not only them, I recommend reading my 5 notes for Non-Farm Payrolls trading. This is always a very exciting, … “Will the Greenback Fly the Non-Farm Payrolls?”
EUR/USD – Yet Another Rise Before A Dive?
After losing a critical support line and making a deep dive, EUR/USD is making a nice recovery. Learning from the near past – fasten your seat belts for a fresh dive. EUR/USD broke down under the 1.3423 earlier this week and made a sharp drop. In February, the pair was supported at this line several times, … “EUR/USD – Yet Another Rise Before A Dive?”
Forex trading season!
John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com. Do you know the seasonal patterns which tend to play out in the forex markets? If so, then you were well positioned to take advantage of what … “Forex trading season!”