Forex: Not much action expected in EUR/USD ahead of NFP – V.Bednarik

Source: www.google.com

FXstreet.com (San Francisco) - EUR/USD traded a limited 1.3085-1.3195 range overnight, ending trade in New York at 1.3143. The major players in the market appear to be relatively sidelined for now, gearing up for the US Nonfarm payrolls data to be ...See all stories on this topic »


Read more...

  • USDCHF broke above the downtrend line from 1.0624 to 1.0464

    USDCHF broke above the downtrend line from 1.0624 to 1.0464, suggesting that a cycle bottom is being formed at 1.0257 on 4-hour chart. Key...

  • Regional stockmarkets higher, Nikkei eyes 10,000

    Asin stockmarkets are trading higher today with oil and metal stocks leading the wayafter a surge in commodity prices. The Nikkei is +1.7% as it eyes the major level at 10,000, not seen since Oct 2008. So far the high today on the Nikkei is 9958. The ASX200 +2.0, Kospi +2.4% and Taiwan is up 0.9%...

  • Quiet start to interbank Monday

    The disturbances in Iran have some traders talking of a possible risk-aversion play this morning but the USD is only slightly firmer, 1.40 against the EUR versus a 1.4020 close on Friday night, and EUR/JPY is only slightly lower, 137.70 versus a 137.90 close. All in all, the early interbank session...

  • Analyst Moves: AAPL, SWKS

    Apple (AAPL) today had its price target raised to $699 by Jefferies (JEF), as the firm expects the new iTV product to be a hit. Shares are higher...

  • Look for an Algo afternoon

    In the forex market we don’t get the dog days of summer, we get the algoritim days of summer. Especially after a day like today, most treaders will head to the sidelines . That doeasn’t mean markets will quiet down. In fact, it often means quite the opposite. Machines are bloodless and...