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LiteForex Broker Offers 24 Hours Support Chat RoomMonday, 29 June 2009LiteForex broker has launched a live chat room which is now available in English, Russian, Spanish, French and Portuguese. LiteForex chat room enables traders to communicate with the broker’s... Details
Finexo is a regulated forex broker with professional trading platform. Start trading with just $25. Lots of payment methods, including Paypal, Neteller, Moneybookers and others. Click here to visit Finexo
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Latest Blog Entries - Forex Analysis
U.S. Non-Farm Employment Change Data to Drive USD Volatility TodayThursday, 02 July 2009 | ForexYardThe forex market is expected to be extremely volatile today, as the U.S. releases the results of the Non-Farm Employment Change at 12:30 GMT. The EUR Minimum Bid Rate at 11:45 GMT and U.S. Unemployment Claims at 12:30 GMT are also expected to dominate trading for the USD, EUR, and GBP crosses.... Full Analysis
The EUR/USD pair experienced much bullishness in yesterday's trading, as it hit the 1.4200 mark. However, the pair has dropped since then, and the pair currently stands at 1.4120. The daily chart shows the pair trading in neutral territory. However, the chart's 4-hour Stochastic Slow and hourly MACD signal that this downward momentum may continue. Going short with tight stops could lead to big profits today.
The cross finished yesterday's trading in neutral territory, and relatively unchanged at 1.6464. If you look at the daily chart's RSI, we can see that the pair is in the overbought territory, and a sharp downward move could occur anytime soon. Entering this trend at an early trade may turn out to pay off as Thursday's trading gets under way.
The pair currently stands at the 96.60 level. It seems that USD/JPY's recent bearishness may be short lived, as the chart's 4-hour RSI indicates that there is still steam left in the pair. Additionally, the chart's daily Stochastic Slow signals that we may be facing an upward trend today. Going long with tight stops may be a wise choice today.
The pair has experienced much volatility in recent days, range trading between the 1.0700 and the 1.0920 levels. The weekly chart's Slow Stochastic signal the pair will go bearish today. Whereas the hourly chart's MACD signals an upward trend to take place for the coming day. Entering the pair when the signals are clearer may turn out to be a wise choice today.
$1200
