The NFP was quite disappointing and came in much lower than was expected. In addition to that we also got a revision of the number of the previous month and also the wage growth was revisited down. However, the wage growth for this month came in as expected, and as the FED is looking at…Details
Today is the day a lot of people have been waiting for, the day of the NFP. While there obviously is an expectation for a specific number (202K this month), it is important to see a number which is above the 200K which is considered an important number. Based on the employment data this week…Details
The NFP is quickly approaching, so we can expect increased volatility in the USD crosses as well as gold as we get closer to Friday. Yesterday two different FED officials kept the door open for an interest rate increase next month, so for this to be really a possibility, strong data is needed. In any case, it was enough to cause a strengthening of the USD yesterday.Details
Currencies EUR/USD – breached the 1.15 level for the first time since August 2015 and continued to move higher. We are currently trading close to the trend line which has proven over time to be important. USD/JPY – appears to have only one direction and that is down, although we are nearing the first support…Details
Currencies EUR/USD – with the continued weakening of the USD we are currently trading above the just breached resistance around the 1.1455 level and are currently trading at the highest level since October 2014. We can assume that the ECB is not really happy with the stronger EUR as it is likely to hurt exports.…Details
EUR/USD: The pair is trading above its upward trend line on a 4 hour time frame. The next support is near the 1.1058 level and the resistance is at 1.1581.
USD/JPY: The pair has pierced the lower band of the Bollinger band on a 4 hour time frame. The near term support is at 106.17 and the resistance is at 113.73.
GBP/USD: The pair is trading above its 50 (1.4456) and 100 (1.4315) day moving average on a 4 hour time frame. The next resistance is at 1.4844 and the support is 1.4121.