Forex Crunch USD/CAD Dives on Superb Job Figures

Forex Crunch USD/CAD Dives on Superb Job Figures

USD/CAD Dives on Superb Job Figures

Posted: 04 Feb 2011 04:02 AM PST

The Canadian job market gained a shopping 69,200 jobs, more than 3 times the early expectations for 18,900. This sends USD/CAD towards 0.9840, the lowest level in years. Employment Change, the Canadian equivalent of Non-Farm Payrolls, saw an outstanding gain of almost 70K, the strongest gain in 9 months, when over 100,00 jobs were gained.

EUR/USD Feb 4 – Finding Support After Breakdown

Posted: 04 Feb 2011 02:16 AM PST

EUR/USD made a big dive yesterday, and is now finding low support before the all-important Non-Farm Payrolls and the Egyptian riots continue. How will it end the week? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  Tight range between 1.3610 to 1.3640. Current range – 1.3610 to 1.37. Further

Dollar Index outlook ahead the NFP – Elliott wave Video

Posted: 04 Feb 2011 01:09 AM PST

US dollar reversed yesterday from 76.86 region, where a five wave decline from the 81.32 highs may have already found the bottom. The most important fact is that prices moved above the upper resistance line of a trading channel, which usually signals for a change in trend. Guest post by Gregor Horvat As such, further

Forex Daily Outlook – February 4 2011

Posted: 03 Feb 2011 02:00 PM PST

We end the week with some interesting events, Unemployment Rate  In the US, EU Economic Summit in Europe and more. .Let’s see what awaits us today. In the US, Unemployment Rate, unemployed and actively seeking employment during the previous month is about to rise by 0.1%. Important signal of overall economic health because consumer spending

AUD/USD Feb.04–Aussie Rallies Against US Dollar

Posted: 03 Feb 2011 12:17 PM PST

The Aussie rallied Thursday against the US Dollar. The Aussie was trading at 1.0142 up 0.40%, as of this writing. Technical indicators point to a reversal ahead, but for how long will the Aussie uptrend continue? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: AUD/USD traded higher Thursday against

Less Expectations, Stronger Impact? Non-Farm Payrolls Preview

Posted: 03 Feb 2011 08:58 AM PST

Non-Farm Payrolls hold fewer expectations, after the past two disappointment. What’s expected, and how will the dollar react? Here’s a preview for the king of forex. This time, the indicators leading towards the Non-Farm Payrolls aren’t as great as last month, but the US economy is still improving. Weekly job claims have had some setbacks.

EUR/USD Falls as Trichet Unchanged Against Inflation

Posted: 03 Feb 2011 05:33 AM PST

ECB President Jean-Claude Trichet left the interest rate unchanged and didn’t lift the tone. He said that the central bank is closely monitoring the inflation, but that it remains contained. EUR/USD lost support. There were expectations that Trichet would lift his tone against inflation, hinting that the rate rise will come sooner than later. Regarding
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