American job figures came out very confusing. After some choppy trading, the market focuses on the bright side of the data and the dollar continues to rally. Note: This was initially written at 14:15 GMT. I’ll update this post as events unfold. Non-Farm Payrolls didn’t deliver a positive number. The US job market lost 20,000 … “Dollar Emerges as the Winner Out of the Confusing NFP”
Category: Opinions
3 Vulnerable Currencies Towards the NFP
The dollar is storming through the charts and making gains everywhere before the major release of the Non-Farm Payrolls. Not all currency pairs are equal – some are more vulnerable than others and approaching dangerous levels. A nice gain of jobs in the Non-Farm Payrolls could push them off the cliff. Here’s a quick update … “3 Vulnerable Currencies Towards the NFP”
Time for a Positive NFP
Non-Farm Payrolls must show gains in jobs this time – the high expectations became higher with the release of the ADP figure that was better than expected. Will there be dollar rally on Friday? Here’s a preview for the Non-Farm Payrolls for January. Last month’s Non-Farm Payrolls were disappointing and showed a loss of 85,000 … “Time for a Positive NFP”
Aussie Rate Decision Larger Impact on Markets
The decision to leave Australian’s interest rates unchanged left the Aussie vulnerable and hurt. A look at the decision, the impact for the Aussie and the larger impact for other currencies as the Non-Farm Payrolls are coming. The decision Although it wasn’t totally unexpected, the decision to leave the Australian Cash Rate at 3.75% and … “Aussie Rate Decision Larger Impact on Markets”
Market Reacts Slowly But Powerfully to the Strong US
Advance GDP for the fourth quarter showed a super-strong growth of 5.7%, much better than expected. The market’s reaction wasn’t strong at first. There are two reasons for this slow initial response. The highest growth rate in 6 years doesn’t impress the markets at first. EUR/USD (in a lower range) traded at 1.3940, only 30 … “Market Reacts Slowly But Powerfully to the Strong US”
EUR/USD – New Week, New Lower Range
EUR/USD dipped below another important support line and is getting used to a new range. Will it settle in a lower range next week? Not so fast. Here’s an updated technical look at EUR/USD. The reasons for the fall start in Greece and end at Washington or Beijing – the EUR/USD bears are everywhere. But … “EUR/USD – New Week, New Lower Range”
Golf, Trading and car accidents? Now that’s a Story
Guest post by Jason Stapleton (ForexGuy) 4xtraderslive Have you ever been driving down the highway and see a car accident? Of course you have. We all have. You know you shouldn’t look. You should just keep driving. But inevitably, almost unconsciously, your foot comes off the gas pedal. You eyes begin to narrow as you … “Golf, Trading and car accidents? Now that’s a Story”
Positioning Data
Tim Mazanec is a CMT with 14 years of experience in Forex and global markets. He develops his forecasts with a combination of technical, fundamental and flow analysis and is a regular contributor on currensee.com. Positioning Data by Tim Mazanec The other day I was asked for my thoughts on Sugar. This came from a … “Positioning Data”
Aussie Set for Rises
After getting many blows, the Aussie finds comfort in rising inflation which paves the path for another rate hike. This report saved AUD/USD from losing an important support line. After the bounce, the road is north. Australian quarterly CPI showed a rise of 0.5% in Q4. This exceeded expectations for a 0.4% rise, although being … “Aussie Set for Rises”
Long Term Forecast for GBP/USD
Guest Post by Nick Kanger, Head Currency Analyst at ProAct Traders Forecasting currency movements longer term can be a dangerous (and potentially embarrassing) undertaking. Get the numbers right and you’re a hero and looked upon as a currency trading guru; wrong and you’re punished with “What were you thinking” comments, snipes, derisive statements or worse. … “Long Term Forecast for GBP/USD”