Follow @Ava_Analyst Currencies EUR/USD – was struggling with the resistance around the 1.1116 level, but the weak US data and the subsequent weakness in the USD has helped to break through this level. We are trading now at the level we were trading on Friday before the NFP, in between the support and resistance. USD/JPY…
Read MoreFollow @Ava_Analyst Currencies EUR/USD – is trading pretty much where it was yesterday as well. There is a lack of important data today and also tomorrow, but this will change on Friday. That doesn’t necessarily mean that trading will be boring though. USD/JPY – has continued to move up, although slowly as on the one…
Read MoreFollow @Ava_Analyst Devises EUR/USD – La paire a plongé suite à la publication des chiffres de l’emploi non-agricole, mais elle a effacé une partie de ses pertes (près de la moitié) pendant les heures qui ont suivi. Les bons chiffres de l’emploi américain ont suscité un véritable regain d’appétit pour le risque, ainsi qu’une plus…
Read MoreFollow @Ava_Analyst Currencies EUR/USD – fell sharply due to the NFP, but managed to correct itself quite a bit of the drop in the hours afterwards (nearly half of the move). The strong NFP is definitely causing some more risk taking and also a higher demand for the USD, as it brings the likelihood for…
Read MoreFollow @Ava_Analyst Today will be very important with the NFP with the expectation is for 180K this month. The reason why this NFP is so important is because a bad NFP and it is highly likely an interest rate increase this year is pretty much off the table, and to keep the possibility alive a…
Read MoreFollow @Ava_Analyst Currencies EUR/USD – has dropped significantly for no real fundamental reason. The data out of the US was positive, but didn’t warrant such a strong move, but as we have moved up quite significantly, there probably has been some profit taking as well. In addition the better than expected ADP report, could have…
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