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- November 20, 1980 (32)
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- Forexpros.com is a financial portal, supplying information, news, analysis, tools, quotes and educational
content to traders, brokers and anyone interested in learning or being updated on the financial market.
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- 08-09-2010 06:50 AM
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on 05-06-2010 at 06:27 AM
ForexPros Daily Analysis May 6, 2010
Fundamental Analysis: Nonfarm Payrolls
Traders of the US anticipate the publication of the Nonfarm Payrolls. The Payrolls measure the change in the number of employed people during the last month of all non-farming businesses. The total non-farm payroll accounts for approximately 80% of the workers who produce the entire gross domestic product of the United States. It is the single most important piece of data contained in the employment report, which considered to offer the best overview of the economy. The monthly changes and the revisions in payrolls can be quite volatile. A higher than expected reading should be taken as positive/bullish for the USD, while a lower
on 05-05-2010 at 06:13 AM
ForexPros Daily Analysis May 5, 2010
Fundamental Analysis: ECB Press Conference
The European Central Bank holds this monthly press conference about 45 minutes after the Minimum Bid Rate is announced. It is about an hour long and has two parts: First, a prepared statement is read; then the conference is opened to press questions. The questions often lead to unscripted answers that trigger market volatility. The press conference, which is broadcasted on the ECB website, is the ECB's primary method for communicating with investors about monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation.
on 05-04-2010 at 06:25 AM
ForexPros Daily Analysis May 4, 2010
Fundamental Analysis: ADP Nonfarm Employment Change
Traders of the US anticipate the publication of the ADP National Employment Report. It is a measure of the monthly change of nonfarm private employment, based on a subset of aggregated and anonymous payroll data that represents approximately 400,000 U.S. business clients. This release, 2 days before the government-released employment data , is a good predictive to the government's non-farm payrolls data. The change in this indicator can be very volatile. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
on 05-03-2010 at 08:29 AM
ForexPros Daily Analysis May 3, 2010
Fundamental Analysis: RBA Rate Statement
Australian traders anticipate the publication of the monthly interest rate statement. The Reserve Bank of Australia's monthly interest rate statement describes its latest decision regarding changes to the country's short term interest rates, monetary policy, and the direction of the economy. Short term interest rates are the key factor in currency valuation. A dovish statement could push AUD down against its rivals, while hawkish statement could boost the currency.
The Euro broke the hourly chart descending channel on Friday, at 1.3307. But such a break was expected
on 04-29-2010 at 07:44 AM
ForexPros Daily Analysis April 29, 2010
Fundamental Analysis: BoJ Press Conference
Japanese traders look forward to the press conference held by the Bank of Japan, their preferred method of communicating with investors. Topics at such conferences generally include economic outlook, inflation and changes in interest rates.
The Euro broke the support specified in yesterdays report 1.3188, and successfully reached the first suggested target 1.3113 with unbelievable accuracy (Yesterdays low was 1.3113 EXACTLY). Although the price bounced back above 1.32 (confirming the importance of 1.3113), but there is no change on the technical outlook , we
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