Its that time again…. The Forex week ahead will be important, as the Non-Farm Payroll numbers come out on Friday. It seems that no matter what happens, this announcement takes center stage, and this week will be no different. The report will be parsed by large funds around the world, and what it means for […]
Read Some MoreThe Forex markets had a few interesting turns this past week, and without a doubt the most important one would have been the EUR/USD closing above the 1.35 level. This confirmed a suspicion of ours about an inverted head and shoulders pattern with the neckline being at the 1.35 level. Because of this, the EUR/USD […]
Read Some MoreDuring the last week, the markets were essentially negative. There are various reasons for this, and as a result it makes for a fairly difficult environment. One of the biggest reasons is that the holiday hours will have had most major players sitting on the sidelines and waiting until January to return. This time of […]
Read Some MoreThe Euro fell 140 pips against the dollar last week as the rally post-QEX, the Fed’s latest easing effort, failed to continue. Risk assets in general were also put on the defensive, Oil fell over 6$, closing the week at 93.05. Gold closed the week almost unchanged, up only 2$ to 1,772. The Euro Stoxx […]
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