eur-17-04 Market Trends 

Is the Euro Move For Real?

The euro dropped 8% in the two months following Donald Trump’s surprise victory. Investors were optimistic that he would pass his campaign promises of tax cuts and infrastructure spending given the Republican Congress and Trump’s popularity within the Republican party. They poured into the dollar and US stocks in anticipation of an acceleration in growth. The euro has clawed back half of these losses as significant legislation has failed to materialize, and US economic figures have disappointed with first quarter GDP downgraded from 3% to 0.5% over the last three…

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jup-6 Market Trends 

USD/JPY How to Trade today’s ADP Employment Change Data?

The US Dollar (USD) inched higher against the Japanese Yen (JPY) on Wednesday, increasing the price of USD/JPY to more than 110.50 ahead of the US ADP Employment Change news. The technical bias remains bullish because of a higher high in the recent upside move. Report to be released today at 12:15 GMT How to Trade today’s ADP Employment Change Data? Buying the USD/JPY call options may be a good strategy if the ADP employment change date comes better than forecast. Alternatively, buying the USD/JPY put options may also be…

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aud-mart Market Trends 

Trading AUD/USD

The Australian Dollar (AUD) inched higher against the US Dollar (USD) on Monday, increasing the price of AUDUSD to more than 0.7700 ahead of the Reserve Bank of Australia (RBA) monetary policy meeting minutes. The technical bias shall remain bullish because of a higher high in the ongoing upside rally. How to Trade Today’s RBA Minutes Buying the AUDUSD put options can be a good strategy if the RBA minutes hint at a potential rate cut or dovish monetary policy stance for upcoming months. Alternatively, buying the AUDUSD call options…

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gold-2 Market Trends 

How to Trade Gold today’s on News?

Gold inched higher on Wednesday, increasing the price of yellow metal to more than $1200.00 an ounce ahead of the US monetary policy announcement. The technical bias remains bullish because of a higher low in the recent downside move. US Monetary Policy Announcement The Federal Reserve is scheduled to announce its monetary policy today during the US trading session (18:00 GMT). According to the average forecast of different economists, the central bank is likely to increase its benchmark interest rate by 0.25% to 1.00% for the third time since the…

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usdcad-pmi-5 Market Trends 

USD/CAD – PMI News

The US Dollar (USD) fell against the Canadian Dollar (USD) on Tuesday, decreasing the price of USD/CAD to less than 1.3400 ahead of the Canada’s Ivey Purchasing Managers Index (PMI) news release. The technical bias remains bullish because of a higher high in the recent upside move. Technical Analysis As of this writing, the pair is being traded around 1.3394. A support may be seen near 1.3282, the 50% fib level support area as demonstrated in the given below daily chart. A break and daily closing below the 1.3282 support…

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usdjpy-adp-5 Market Trends 

USD/JPY – US ADP Employment Change news.

The US Dollar (USD) extended downside movement against the Japanese Yen (JPY) on Wednesday, dragging the price of USD/JPY to less than 113.75 ahead of the US ADP Employment Change news. The technical bias remains bullish because of a higher low in the recent downside move. Technical Analysis As of this writing, the pair is being traded around 113.65. A support may be seen near 112.51, the trendline support area ahead of 112.00, the psychological number and then 109.97, the downward trendline as demonstrated in the given below daily chart…

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pmi-3 Market Trends 

EUR/USD – Germany Unemployment & Manufacturing Data

The Euro (EUR) extended its losing streak against the US Dollar (USD) on Wednesday, dragging the price of EUR/USD to less than 1.0600 ahead of the Germany’s unemployment and manufacturing news releases. The technical bias remains bearish because of a lower high in the recent upside rally. Germany Unemployment & Manufacturing Data The Bundesagentur für Arbeit of Germany was scheduled to release the unemployment figure today. According to the average forecast of different economists, the unemployment in Germany registered a 10k decline during the month of February as compared to 26k…

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