I generally do not follow EUR/USD, but the strategy of BUY low and SELL high is applicable to any type of instrument. You can check out my other posts on forex gold prices...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, August 7th AUD/USD is moving up despite worse than expected home loans data from Australia. With the current market price of aussie at 0.7374 the pair was supported by the positive RBA statement...
Current trend The USD/JPY pair stabilised after the publication of the Bank of Japan Minutes and prior to the publication of the key US statistics. As expected, the Bank of Japan kept its key interest rate at 0%. The quantitative easing program also left unchanged at 80 trillion yen a year...
The big question for today is whether the US #employment change data gives another signal that the Fed will raise rates in September? Find out more by checking out the Source Link...
The Royal Bank of Scotland (RBS) made forecast concerning the following coming high impacted news events: Non-Farm Payrolls (or Non-Farm Employment Change) - they made a forecast for non-farm payroll growth of 250K in July, above the listed consensus of 225K...
While there is no doubt that gold is on a SELL trend, i see the possibility of a retracement in MN time frame. As of now, there are some indications from level 3 set up but there is no confirmation yet. It is for this reason that i have kept the BUY order open adamantly without closing it...
Friday is full of statistics, which will be published in the #USA, the #UK, #Canada etc. The Non-Farm Payrolls data is considered to be one of the most important one for this day and even a week. Discover more by checking out the Source Link...
Credit Suisse made a forecast for Non-Farm Employment Change for this week with detailed explanation about what to expect for example: "We continue to see an asymmetry in favor of the USD going into Friday’s US employment data...
CRUDE OIL: Though maintaining its broader weakness, Crude Oil may see a recovery higher on correction in the days ahead. Resistance is located at the 46.00 level where a break will expose the 47.00 level. A break below here will aim at the 48.00 level and then the 49.00 level...
The BAD: this YEAR is very bad years after a decade of much benefit in emerging markets, said Harvard Kennedy School economists, Carmen Reinhart, one of the world's leading experts on the financial crisis and the country's economy growing...
Stocks on Wall Street ended mostly higher on Wednesday (Thursday morning GMT), after the u.s. economic data varies, but a disappointing earnings report from Disney pressed the Dow lower. Dow Jones Industrial Average slumped 10,22 points (0.06 percent) to close at 17.540, 47...
Prime Minister Alexis Tsipras said, Greece was increasingly approaching the conclusion of a deal with the lender for a multi-billion euro bailout, which he said will end the doubt in respect of the position of Athens in the euro zone...
Private sector jobs growth in the U.S. slowed in last July, but the increase in the service industry to the highest level in the past decade shows the movement of the economy that is increasingly strengthened The Fed to raise rates this year...
The Central Bank of China (PBoC) will still carry on the policy of moneternya the "be careful" in the second half of this year, but still consider easing action in providing sufficient liquidity in the financial market and ensure adequate capital for the investment program of the Government...
Tomorrow's U.S. employment report will need to show a significantly weaker growth in July in order to boost the gold prices, market analysts say...
Analysts at Commerzbank suggest gold may be able to rally once the uncertainty of a Federal Reserve tightening diminishes...
As can be seen from my previous posts, the price level 1086 seems to be working as the reversal level. It remains to be seen if the price will go to 1110 and reverse down as shown in the second possibility or continue to 1168 as shown in the first possibility (https://www.mql5...
GBPJPY: Turns Lower On Price Failure GBPJPY: The cross turned lower on Thursday taking back most of its Wednesday gains. This development leaves the cross targeting further downside pressure. On the downside, support comes in at the 193.00 level where a violation will aim at the 192.00 level...
Current trend Despite a larger number of employed, the unemployment rate in Australia in July grew from 6.1% to 6.3%. The AUD/JPY pair is supported by the difference in interest rates in Japan (0.1%) and Australia (2%), and extra-soft monetary policy by the Bank of Japan...
