Day: December 9, 2017

December 9
2017

Weekly Forex Technical Analysis (Dec 11 — Dec 15)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1561 1.1646 1.1709 1.1794 1.1858 1.1942 1.2006 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1640 1.1699 1.1789 1.1847 1.1937 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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December 9
2017

US Dollar Strong During Week, Ends Trading Soft Due to NFP

The US dollar was strong during the past trading week thanks to the outlook for the US tax reform. The currency lost its upward momentum on Friday, though, following the release of nonfarm payrolls. The greenback started the week opening sharply higher as the US Senate passed its version of the tax reform bill on the weekend. The theme of probable tax cuts dominated the week, supporting the dollar. Yet the currency lost some of its shine on the last trading […]

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December 9
2017

EUR/USD Erases Losses After NFP Show Disappointing Wage Growth

EUR/USD was attempting to extend its decline on Friday but bounced back to the opening level after the release of US nonfarm payroll. While employment growth was solid and even beat expectations, wage inflation missed expectations, even though it accelerated. Nonfarm payrolls rose by 228k in November, beating the common expectations of 198k. The October increase was revised down from 261k to 244k. Unemployment rate stayed at 4.1% as expected. […]

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