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Archive for April, 2007

Nonfarm Payrolls

Nonfarm Payrolls The week of the Nonfarm Payrolls has arrived again. Last month 180K figure exploded the market, but ever since the USD has entered the crazy negative rally causing the EUR/USD to break the all time. The ADP Change in Nonfarm Payrolls is also about to be released before the NFP and as usual everybody is talking about how tight the correlation will be. Last month any connection between the both was completely random. Most analysts are expecting the ADP and the Nonfarm Payrolls to be weak this month. I have to say that this tim... ( read more )

April 30, 2007 - Daily Forex Analysis

Daily Forex Analysis USD The negative rally did not end last week as most of the news that came from the US was not positive. Even the fractions that were a bit stronger than expected, did not give the USD the necessary push. The week ended on a mixed notion as the US GDP came in lower than expected (1.3%), in contrast to the GDP deflator which came in at a stronger than expected 4.0%. This caused the USD to swing around the record levels it has been floating in most of the week. The following week will be extremely important for the gree... ( read more )

April 30, 2007 - Daily Forex Technical Analysis

Daily Forex Technical Analysis EUR/USD After breaking the all time high of 1.3680 on Friday, the pair now consolidates around 1.3630. Although the hourlies are pointing to overbought levels, and the daily studies are neutral, it looks as if the momentum is bullish. Target price will be around 1.3720. GBP/USD The pair is floating around 1.9940 which is the 62.8 Fibonacci level of the 1.9600/2.0100 move. This indicates that the correction down is very close to its end, and that the pair will be resuming its bullish trend. USD/JPY ... ( read more )

Video Analysis

Forex Video Weekly Review
For The Week Of April 30th – May 4th

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April 27, 2007 - Daily Forex Analysis

Daily Forex Analysis USD It has been a slow news day for the USD yesterday as the only significant piece of information was the Jobless Claims. Usually the figure is bluntly ignored but this week it might provide a delicate hint for the upcoming results of the Nonfarm Payrolls release due on next Friday. The Jobless Claims came in at 321K, which indicates that the NFP release will probably come around the 100K-120K and not close to last month’s 180K levels. The most important figure that is expected to be released today is the mu... ( read more )