Trading the News: U.S. Non-Farm Payrolls Another 195K expansion in Non-Farm Payrolls (NFP) may heighten the appeal of the greenback and spur a near-term decline in EUR/USD as the ongoing improvement in the labor market puts increased pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy in 2016. What’s Expected: Why Is This Event Important: ...
US Dollar Forecast – Dollar Gains as Market Chews Rate Expectations with NFPs Ahead This past week’s USDollar rally marked the currency’s best performance since November’s dramatic break to 12-year highs – a move that proved a quick exhaustion. British Pound Forecast – Brexit to Dominate Headlines, GBP Price Action What a difference a week can make: Near market close last Friday, news had just begun to circulate that Mr. David Cameron ...
Daily price is located within 100-day SMA/200-day SMA area ranging for the direction: Descending triangle pattern was formed with 1.0962 support to be crossed to below for the bearish trend.If the price breaks 38.2% Fibo resistance level at 1.1120 so we may see the bullish reversal to be started.If the price breaks 61.8% Fibo level to below so ther price will be reversed to the primary market condition on daily basis for example. ...
Trading the News: U.S. Consumer Price Index (CPI) A marked pickup in the U.S. Consumer Price Index (CPI) may heighten the appeal of the dollar and spark a further decline in EUR/USD as it puts increased pressure on the Federal Open Market Committee (FOMC) to implement higher borrowing-costs in 2016. What’s Expected: Why Is This Event Important: Signs of stronger price growth may encourage ...
Trading the News: U.S. Gross Domestic Product (GDP) The preliminary U.S. 4Q Gross Domestic Product (GDP) report may produce headwinds for the greenback and spark a near-term a rebound in EUR/USD should the report highlight a slowing recovery in the world’s largest economy. What’s Expected: Why Is This Event Important: Even though the U.S. approaches ‘full-employment,’ a marked downward revision ...
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