EURUSD has bounced towards 1.10 as it failed to challenge 1.09 yesterday following it's recent downtrend. Yesterday's ISM manufacturing came in at 49.1 vs 51.3 expected so we now await payrolls and average hourly earnings data on Friday. We do not see major upside potential for the currency pair and still see prices heading below 1.09 in the near term.
I was watching bloomberg today and an analyst mentioned the 'economy paycheck' as a measure of (payrolls * average hourly wages * average hours worked in a week) Here I have made the same index for observation. Interesting how it reversed clearly as the 08 crash happened and then bottomed clearly in 09; williams trader called for long in 2011 and also...
Yen remains the go-to safe haven against the U.S. Dollar 110.8~ marks a key decision zone Prepare for further downside with payrolls coming up
What you should know about Non Farm Payrolls this Friday by #ForexSQ goo.gl Looking at the EUR/USD daily graph we see that the uptrend that started on 25th of July ended on August 18th. 50% Fibo retracement of that move is around 1.1155/60 and as the pair continues to stay below that level 1.11 area (Fibo 61.8% retracement) and 1.1040 (Fibo %78.6 retracement) can...
EURUSD 300p average range after payrolls
EURUSD vs. Non-Farm Payrolls 2015.07.02
EURUSD Non-Farm Payrolls 2015.11.06 ? big move coming?