Gold Posts Key Outside Reversal Post NFPs- $1307 Key Resistance
Forex
Forex Free Trading Tips
Graphic Rewind: GDP Miss and NFP Beat Leave USD Near the Weekly Open
Talking Points:
US Dollar Index closes the week less than 20 points away from the open
Greenback falls on a significant GDP miss
Better than expected NFP’s send the greenback to a 3-week high
A look back at the past week of Forex trading Read More →
AUD/USD Holds 0.9200 Support- Dovish RBA to Trigger Key Reversal
Talking Points:
- USDOLLAR Remains Capped by Trendline Support Post NFP; May High in Place?
- EUR/USD to Retain Range Ahead of ECB on Failed Close Above 1.3870
- AUD/USD Holds 0.9200 Handle Ahead of RBA Interest Rate Decision
The Dow Jones-FXCM U.S. Dollar Read More →
USD Trade Setups for Trading Life Before and After NFPs
Talking Points:
- US NFPs due at +215K from +191K.
- Long EUR, GBP if USD weakens; short AUD, JPY on USD strength.
- US economic data dominates forex economic calendar on Friday.
To keep up with developments central banks and their policy changes, Read More →
May Forex Seasonality Sees US Dollar Outperformance versus Aussie, Euro
Talking Points:
- May has been the best month of the year for the US Dollar the past 5 years.
- Australian Dollar, Euro could be laggards.
- US Dollar has gained against every major on average in May since 2009.
See the full Read More →
EUR/USD Breakout to Take Shape on Dismal Non-Farm Payrolls (NFP)
- U.S. Non-Farm Payrolls (NFP) to Increase 215K- Largest Rise Since November (274K).
- Unemployment Rate to Narrow to 6.6%- Lowest Since January.
Trading the News: U.S. Non-Farm Payrolls
The U.S. Non-Farm Payrolls (NFP) report may spark a bullish reaction in the dollar Read More →