Please disable your adblock and script blockers to view this page.

Jump to content

Established on 28th of March 2010 as "paid to post" forum, ITalkMoney had soon turned into one of the best places to discuss online money making opportunities. Here you will find many ways of earning good income on Internet, like various investment opportunities, online gambling and betting, playing with HYIPs or discuss Forex. You can interact with many famous Forex brokers, discuss different trading styles and platforms, EAs, binary options, stock market and indices. There are also various "Get paid To..." opportunities and don't forget the advertising section where you can advertise your own opportunities and look for referrals. Join in and have fun!

<a href="http://www.instaforex.com/?x=KYNZ">InstaForex</a>

Our Supporting Monitors

Advertisements





<a href="http://www.instaforex.com/?x=KYNZ">InstaForex</a>

Friendly Forums


Our Partner Monitors

Traffic stats


Photo

Gdmfx-Www.gdmfx.com

gdmfx

  • Please log in to reply
No replies to this topic

#1 GDMFX

GDMFX

    Senior Member

  • Member
  • PipPipPipPip
  • 2292 Posts:

Posted 06 April 2014 - 08:25 AM

FOREX NEWS: US NON FARM EMPLOYMENT REPORT – A HIGHLY ANTICIPATED MARKET MOVER

 

EUR/USD

Forex News: The ECB Interest Rate remained unchanged as expected but Mario Draghi’s comments about “unconventional” measures against deflation were perceived as bearish for the Euro and took the pair into major support.

 

2014.04.04-US-Non-Farm-Employment-report

 

Technical Outlook

Yesterday’s move puts the bears back in control of the pair, but an important barrier sits in front of falling prices: the support level located at 1.3710. If this support will be broken today, the next medium term target is 1.3550 but for the moment the Relative Strength Index is approaching oversold territory and support is still intact so retracements higher are possible. Today is an important day as US employment data is released and will probably overshadow the technical aspect.

 

Fundamental Outlook

The release of the US Non Farm Employment report is scheduled at 12:30 pm GMT and the expected figure is 199k, an increase from the previous 175K. Rising levels of employment are crucial for the American economy and suggest that consumer spending is likely to increase in the near future, a fact considered bullish by market participants. Almost always this indicator is a huge market mover and has a major impact on price action so we recommend caution if trading at the time.

 

GBP/USD

Throughout yesterday’s trading session the pair had a bearish behavior, moving south of 1.6600 support on the back of a worse than anticipated value of the British Services PMI.

 

2014.04.04-US-Non-Farm-Employment-report

 

Technical Outlook

The current momentum is bearish and price broke 1.6600 to the down side once again. Under normal circumstances, this move could be easily continued during today’s trading session but the release of the US employment report will be the main event of the day and will probably dictate direction. The most important levels to watch are 1.6600 as resistance and 1.6480 as support.

 

Fundamental Outlook

We have a slow day ahead in terms of British economic data and all focus will be on the US Non Farm Employment Change which has the potential to strengthen or weaken the greenback considerably, thus affecting the pair directly.

 

__________________
Site: www.gdmfx.com
Page: facebook.com/GDMFX.NZ
Skype: customersupport.gdm
Email: 
customersupport@gdmfx.com







0 user(s) are reading this topic

koddos.net
Hey.lt - Nemokamas lankytoju skaitliukas Increase Page Rank ScanVerify.com Trust Seal Website Security Test ???????@Mail.ru Google

04fac709f7845290839b3d09dd56a12f

Skin Designed By Evanescence at IBSkin.com