Day: January 9, 2016

January 9
2016

EUR/USD Ends Friday Lower After NFP

US nonfarm payrolls demonstrated a huge increase, boosting the US dollar against other currencies, including the euro. EUR/USD ended Friday below the opening level, though it almost erased its losses before the end of trading. Nonfarm payrolls surged by 292k in December, way above the forecasters’ predictions of 203k and the revised November’s increase of 252k (211k before the revision). Unemployment rate stayed at 5.0%. Average hourly earnings did not […]

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January 9
2016

Weekly Forex Technical Analysis (Jan 11 — Jan 15)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0539 1.0625 1.0775 1.0860 1.1010 1.1096 1.1246 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0641 1.0807 1.0876 1.1042 1.1112 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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January 9
2016

Forex Brokers Update — January 9th, 2016

One new broker has been listed this week: Trade360 — a CySEC-regulated Forex broker with focus on “crowd trading”. The minimum account size is $1,000 and the spreads are above average with them. Leverage is capped at 1:200. Trade360 Some listed brokers have been updated regarding their supported languages: PCM Brokers launched an Indonesian version of their website. ICM Capital closed their Turkish website. […]

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January 9
2016

Risk Aversion Secures Gains of USD vs. Most Other Currencies

The major theme this week was risk aversion due to the news from China. This allowed the US dollar to gain against the Great Britain pound and commodity-linked currencies during the past trading week. At the same time, the greenback fell against the Japanese yen and, surprisingly, against the euro. The week has started with bad news from China, and that theme continued to affect the Forex market for the whole week. As a result, safe […]

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