All Blog Entries

[B]Simultaneous Release at
TheGeekKnows.com – [URL="http://www.thegeekknows.com/"]Learn Forex Trading[/URL] and view [URL="http://www.thegeekknows.com/"]EUR/USD[/URL] Reviews.[/B]

[FONT=verdana]Good day forex trading koalas.[/FONT]

[FONT=verdana]The time is here again. Soon the markets will close for the weekend and this concludes another week of trading. I hope everyone is green for the week. I cannot help but nag again that proper money management is extremely important![/FONT]

[FONT=verdana]In the previous review, we noted positive sentiments riding on the FOMC Statement event. Investors are probably optimistic about the new quantitative ...

Away We Go!

By Mike Conlon | November 5, 2010

Jobs Surprise!

This morning, US Non-Farm Payrolls came in much better than expected, showing a gain of 151K jobs vs. an expectation of a 60K and much, much better than last month’s loss of 41K. The unemployment rate remains steady at 9.6%. However, the Dollar is actually strengthening on this news, as the market may be wondering if we even need QE2, as the economy may be creating jobs despite the government.



Stock futures here in the US have flipped from negative to positive, and oil prices are higher. This is helping the Loonie catch a bid this morning, as their unemployment rate ticked down to 7.9% from 8%, ...

[B]151K jobs were added in the US in October, triple than expected. Non-Farm Payrolls were expected to show only 50-60K. The unemployment rate remained at 9.6% as expected. Signs of change? [URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] is back to the levels it saw before QE2. The Aussie remains high[/B]

Also September’s number was revised to the upside, with only 41K jobs lost, far better than 95K originally reported. One of the drivers of the new quantitative easing program was the high level of unemployment. It’s still too early to say there is a big change, but there are already quite a few signs.


[B]Read the rest of the [URL="http://www.forexcrunch.com/non-farm-payrolls-triple-expectations-eurusd-falls/"]Non-Farm ...

INTRA-DAY USD/JPY:

Last Update At 05 Nov 2010 07:54 GMT

Range Forecast
80.70 / 80.95

Resistance/Support
R: 81.00 / 81.17 / 81.60
S: 80.58 / 80.32 / 80.21

-------------------------

INTRA-DAY EUR/USD:

Last Update At 05 Nov 2010 08:01 GMT

Range Forecast
1.4183 / 1.4215

Resistance/Support
R: 1.4221/1.4249/1.4283
S: 1.4184/1.4147/1.4103

--------------------------

INTRA-DAY USD/CHF:

Last Update At 05 Nov 2010 07:36 GMT

Range Forecast
0.9540 / 0.9580

Resistance/Support
R: 0.9650/0.9693/0.9758
...