Jun 3, 2011

Forex Crunch EUR/USD June 3 – Trading in Perfect Range Before NFP

Forex Crunch EUR/USD June 3 – Trading in Perfect Range Before NFP

EUR/USD June 3 – Trading in Perfect Range Before NFP

Posted: 03 Jun 2011 03:02 AM PDT

EUR/USD is trading in a perfect high range, as tension mounts towards the Non-Farm Payrolls release. It reached these levels after there details emerged on a new “adjustment” plan for Greece. There is no confirmation of this just yet. How will it close the week?Here's a quick update on technicals, fundamentals and what's going on

GBP/USD Falls to Support on Weak Services PMI

Posted: 03 Jun 2011 01:34 AM PDT

Britain’s services sector joins the manufacturing sector with a disappointing PMI: 53.8. Early expectations stood on a tick up to 54.4 points. GBP/USD is trading lower, with support working well. The services sector is the most important one. When it fell below the 50 point mark a few months ago, this was bad fro the

Payrolls could well be on the soft side

Posted: 03 Jun 2011 01:10 AM PDT

A close examination of recent labour market evidence does not augur too well for non-farm payrolls when they are released later today. Continuing claims for the weeks in between the survey period actually rose by more than 50K, the ADP survey recorded a paltry 38K increase in May, and the employment component of the ISM

Forex Daily Outlook – June 3 2011

Posted: 02 Jun 2011 03:00 PM PDT

Non-farm payrolls in the US and PMI in the UK are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Non-farm payrolls, Monthly report that measures the number employees of all non-agricultural industries. Is expected to reduce by 54K and 190k is forecasted. More in the US,

AUD/USD June 03– Aussie UP Against US Dollar On US Jobless Claims

Posted: 02 Jun 2011 12:22 PM PDT

The Aussie traded higher Thursday against the US Dollar following a boosted Euro, a poorer than expected US Jobless claim report and higher than expected Australian retail sales data. This follows a string of poor US economic data. The Aussie was trading at 1.0675, up 0.57% at the time of this writing. Here's a quick

EUR/USD Falls on Bad News from Spain

Posted: 02 Jun 2011 08:44 AM PDT

While the Spanish government is perhaps successfully lowering the debt, fresh news about the debt of the regional and local authorities weighs on the Euro. And despite the high unemployment rate, negotiations with the unions collapsed. EUR/USD is moving lower. A new report about the total debt of the regional governments (communities) in Spain, and

Higher Usd/Cad Driven By Lower Oil prices

Posted: 02 Jun 2011 07:49 AM PDT

Usd/Cad made a pull-back in recent sessions as expected towards the previous wave (iv) support, shown around 0.9650. From there, pair found the BID as risk-off trade took place yesterday during the US session. In fact, an upward reaction from the most recent 0.9654 swing shows impulsive personality, which is the most important evidence of

Leverate Launches Second Version of CRM for Forex Brokers

Posted: 02 Jun 2011 07:42 AM PDT

The provider of software solutions for brokers, Leverate, introduces a second version of their CRM tool for forex brokers. Enhanced reporting, sharing and management capabilities were added. I’ve previously reported about Leverate’s MT4 iPhone application, as well as their product for integrating binary options on MT4. All the details about their new CRM software for

USD/JPY and USD/CAD Technical Analysis

Posted: 02 Jun 2011 06:22 AM PDT

USDJPY: Vulnerable Within Consolidation Range. USDJPY: The pair reversed its Tuesday gains on Wednesday and continues to look vulnerable. However, as long as USDJPY continues to hold above the 80.33/15 levels, risk of a return above the 82.21 level, its May 24'2011 high is likely. A cut through that level will call for further strength
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