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Analysis and Opinion » Forex Trading Tips – awaiting key economic dataJarratt Davis - April 5, 2015, 23:37 GMTClick here to learn how to use my trade calls! In today’s trading session we will be awaiting key economic data to provide an opportunity to get into the market. However as it’s a bank holiday in many countries around…
The post Forex Trading Tips – awaiting key economic data appeared first on Jarratt Davis.
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• EURUSD raced higher on Thursday, breaking above the resistance (now turned into support) line of 1.0800 (S1), but the advance was halted below our next resistance. Despite yesterday’s advance, the possibility for a lower high still exists. Today we get the US employment report for March. A strong report could give sellers a reason
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• Employment situation continues to improve Yesterday’s jobless claims were better than expected at 268k – the news reports say they were the second-lowest in 15 years. In fact they’re even better than that, because 15 years ago, there were 36.7mn fewer people living in the US and 14.3mn fewer people working. If we adjust
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Despite many markets being closed today we see the release of US nonfarm payrolls which have the potential to cause some volatility especially since volumes will be very thin. As if volatility had not increased enough in recent weeks, for those participating in the market a word of warning that FX movements have the potential
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Non Farm Payroll is definitely the most important Forex Trading News event taking place this week. Thus, in today’s trading session we will be focusing on Non Farm Employment Change and Average Hourly Earnings at 1:30pm London Time. Originally updated: 08:00 Trading…
The post Forex Trading Tips – Non Farm Payroll appeared first on Jarratt Davis.
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The business week finishes today for many ahead of the extended Easter week end, however nonfarm payrolls are still to be released tomorrow. Yesterday’s ADP private payroll did little to boost the dollar as it came in less than expected and the euro continues to hold ground against most other currencies, with EURUSD recapturing the
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The USD was traded mixed against its G10 counterparts during the European morning Wednesday, with little news pushes the prices either way and ahead of tomorrow’s all important Non-farm Payrolls report. The buck was higher against the EUR, GBP, AUD and SEK while it was lower against the CAD, JPY, CHF, NZD and NOK. The
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• EURUSD traded in a consolidative manner on Wednesday, staying between the support of 1.0700 (S1) and the resistance of 1.0800 (R1). The fact that the rate stays below the 1.0800 (R1) barrier keeps the short-term bias negative in my view, and I still expect the bears to challenge the 1.0700 (S1) line. A break
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• USD mixed despite weaker than expected data The US data yesterday was weak, no doubt about it — the ADP employment report missed expectations and came in below 200k, while the ISM manufacturing PMI fell 1.4 points to a two-year low after a 6-point drop in the past four months. Benchmark Treasury yields ended
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• EURUSD continued falling on Tuesday and managed to break below the support (now turned into resistance) of 1.0800 (R1). Nevertheless the decline was halted marginally above our next support line at 1.0700 (S1), and subsequently the pair rebounded. The rate stays below 1.0800 (R1) and this keeps the short-term bias negative in my view.
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