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by
Vadim Pokhlebkin
2/6/2009 3:30:00 PM
Following Friday's unemployment report, the U.S. dollar promptly lost to the euro. While this may seem like a "normal" market reaction to a bad economic number, think back to January 9, when the previous sharply negative jobs number was released. Following that report, the USD gained, and strongly. So, the same bad employment number can send the dollar higher and lower? Interesting...
Filed Under:
unemployment, Nonfarm Payrolls, forex, dollar, eur/usd
Category:
Currencies
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by
Vadim Pokhlebkin
7/1/2008 6:30:00 PM
On Thursday, July 3, the European Central Bank is expected to raise interest rates by 0.25%. That same day, economists expect the U.S. jobs number to show a 60,000 reduction. Question: How would the two events affect the U.S. dollar's standing against other currencies?
Filed Under:
european central bank, interest rates, u.s. jobs report, euro vs. dollar, eurusd, forex, currency traders, Nonfarm Payrolls
Category:
Currencies
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by
Vadim Pokhlebkin
6/4/2008 5:00:00 PM
If you trade forex, you've probably been watching the current action – or, rather, lack of it – in the euro-dollar exchange rate and wondering what's going on. The action has been pitiful: After falling almost 200 pips in a matter of hours on Tuesday (June 3), the EURUSD entered a sideways trading range that has continued for… well, almost 30 hours, as of this writing. How will it end?
Filed Under:
eurusd, forex, trading range, Initial Jobless Claims, Nonfarm Payrolls
Category:
Currencies
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.
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