The Non-Farm Payroll Can Be an important event risk for the USD. It’s recovery in May alongwith a drop in global commodities speed reversed at the end of the month “Into the beginning of June. This shows sometime uncertainty for the USD-recovery That Might find someting direction after
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Well another Frantic finishes to the Friday session (second week running) with more clean-outs in a thin U.S. market ‘taking place. We saw the EURUSD, Cable, and even USDCHF AUDUSD move as a direct result of someting Rather interesting USD repositioning coming Into the weekend. Suffice it to say it
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Forex Technical Update 10/7/2010 Tomorrow’s non-farm payroll may be an event risk so let’s take a look at some USD-crosses. The EUR/USD is at an important resistance zone near 1.40. The GBP/USD hit resistance at 1.60 target. The USD/JPY continued lower than the intervention level. The AUD/USD and USD/CAD pairs are testing important resistance and support zones respectively. Finally, gold was seen to go to 1365 and is now seeing early topping action after hitting this level. Let’s take a look at these charts. Fan Yang CMT CTA www.fxtimes.com
AUD/USD Finds Support at the 200-Day SMA Ahead of the Australian Employment Report
AUG 11 Australian Unemployment Rate (GMT 00:30) Employment Change Expected: 5.1% Expected: 20.0K Previous: 5.1% Previous: 45.9K Fundamental Outlook The Australian economy is expected to have added another 20,000 jobs in July, which would mark the fifth consecutive monthly advancement. Meanwhile, the unemployment rate is forecasted to remain unchanged at the eighteen month low of 5.1 percent. AUD …
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FOREX-Dollar struggles ahead of U.S. payrolls data
FOREX-Dollar struggles ahead of U.S. payrolls data
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