After gaining considerable strength following last Friday's Non-Farm Employment data, the USD took a dive against most of its currency rivals on Friday, closing the day out lower against them all. Today's market opening revealed that most traders are pricing in a downward movement for the greenback since this weekend's G20 Summit have many betting on higher yielding assets for the days ahead.[caption id="attachment_1809" align="alignright" width="293" caption="Daily Forex Tips"][/caption]
Today is a bank holiday for the US and Canada and, as... ( read more )
Archive for September, 2009
US Non-Farm Employment to Set Today’s Pace
The U.S. Non-Farm Employment Change Data is set to be published at 12:30 GMT, and is expected to be the most important news event when it comes to market volatility. Traders are also advised to follow the G20 Meeting that will commence today, and the U.S. Unemployment Claims data at 12.30 GMT. In the meantime, open your positions in the majors now, as today's trading gets under way.[caption id="attachment_1808" align="alignright" width="293" caption="Non-farm Payrolls On Tap"][/caption]
The U.S. Dollar was slightly stronger vs. the EUR on Th... ( read more )
September 4, 2009 - Daily Forex Tips – September 4th 2009
The Canadian Dollar and U.S. Dollar are expected to be at the forefront of trading today.
Opening large positions in both of these currencies could bring you large profits, as this week's trading comes to a close.[caption id="attachment_1818" align="alignright" width="128" caption="Daily Forex Tips"][/caption]
11:00 GMT - CAD Unemployment Rate
The percentage of the workforce that is unemployed, and who is actively seeking employment during the previous month.
Important indicator of economic health, as consumer spending is highly cor... ( read more )
September 3, 2009 - The US Unemployment Claims On Tap
The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 12:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the Dollar and EUR is the publication of the Services PMI for Britain at 08:30 GMT, the EUR Minimum Bid Rate at 11:45 from the Euro-Zone, and the ISM Non-Manufacturing PMI from the U.S. at 14:00 GMT. What are you waiting for traders! Open your positions in the USD, EUR, GBP, and AUD now. [caption id="attachme... ( read more )