Monthly archive November, 2015

Summary: NFP printed a blow-out number this morning with 271k jobs added to American Non-Farm Payrolls, and this firmly puts December in the crosshairs for that first rate hike out of the United States in over Nine Years. Price Action is extremely Read More →

Talking Points: - EUR/USD continuation eyes $1.0807, mid-July swing low. - USD/JPY range breakout contingent on weekly close above ¥121.80. - See the November forex seasonality report that forecasts US Dollar strength. It's the second to last US labor market report before the Federal Read More →

- U.S. Non-Farm Payrolls (NFP) to Expand Sub-200K for Third-Straight Month. - Unemployment Rate to Narrow to Annualized 5.0%- Lowest Since 2008. For more updates, sign up for David's e-mail distribution list. Trading the News: U.S. Non-Farm Payrolls A 180K expansion in U.S. Non-Farm Read More →

Talking Points: Oil fell near $45 after Genscape noted a stock build at Cushing, following consecutive draws Gold sold off further as the bar lowers on Non-farm payrolls data Copper heads toward double bottom amid weak demand prospects Gold is on a 7th day Read More →

Talking Points NFPs are expected to add 185,000 new jobs in October to notched a multi-year low 5.0% jobless rate While positioning is mixed, retail FX traders are short Dollar versus EUR, GBP and AUD Despite the labor report’s influence, it will take Read More →

Talking Points GBP/JPY outside reversal day shifts focus lower Updated targets & invalidation levels Event Risk on Tap This Week GBPJPY Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPJPY outside-day reversal candle off slope resistance- bearish Interim support targets at 184.98 backed by slope support / Read More →