U.S. economic strength is a boon for the dollar, and evidence of weakness may not prove much of an obstacle. The rally in the greenback is set to stay on course in either scenario, say strategists at Credit Suisse Group AG. The dollar has gained against major peers since Sept. 17, when the Federal Reserve …
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EUR/USD Current price: 1.1194 View Live Chart for the EUR/USD Investors continued trading on sentiment this Thursday, and stocks led the way for FX traders. At the beginning of the day, Chinese manufacturing data for September were largely steady from the previous month, as the government’s official gauge of manufacturing activity improved to 49.8 from …
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US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Indicator Background Job creation is one of the …
Continue reading “EUR/USD: Trading the US Non-Farm Payrolls”
Slippage is when an order is filled at a price that is different than the requested price. Most conversations I hear regarding slippage tend to speak about it in a negative light, when in reality, this normal market occurrence can be a good thing for traders. As the video above mentions, when orders are sent …
EUR/USD Current price: 1.1238 View Live Chart for the EUR/USD The endless Greek´s debt drama has gathered most of the market’s attention this Tuesday. PM Alexis Tsipras addressed to the local Parliament, saying that Greece cannot accept deeper austerity demands from its international creditors, whilst German Angela Merkel demanded the country to fulfill the terms …
Continue reading “EUR/USD analysis: waiting for clearer clues”
EUR/USD Current price: 1.1266 The EUR/USD pair staged a nice comeback last Friday, after trading as low as 1.1150 at the beginning of the day, on the back of a break in negotiations between Greece and its creditors late Wednesday. Furthermore, German Chancellor Angela Merkel down-talked the common currency, saying that a weaker EUR has …
EUR/USD A shockingly positive US Nonfarm Payroll report gave the American dollar a breather, albeit it was not enough for the currency to close the week with gains against the Euro. US Payrolls climbed by the most in five years in May, as the economy managed to add 280,000 new jobs. At the same time, …
Continue reading “EUR/USD: Greece to keep markets on their toes”
