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Statistic from ADP:reason to be worried for buyers of the dollarToday's statistics on the US labor market may well disappoint. At least, this is indicated by data on the level of employment in the private sector from ADP. With an average forecast of experts in +190K, in fact the figure was +177K. Overall, there is nothing terrible in this figure. By itself, it is very, very good. The problem is that the States have become a hostage of excellent data. Markets have become too accustomed to numbers of + 200K and above. Accordingly, any negative deviation from the forecasts may be interpreted by participants of financial markets as the beginning of problems in the US economy, with all the ensuing consequences: a decrease in GDP growth rates, an end to the Fed's rate increase phase, and so on. Just in case, let's remind you that today is published a whole block of data that includes not only the number of new jobs created outside agriculture, but also the rate of unemployment, and, which is no less important, in the conditions of the active phase of the FED interest rate increase - the average hourly earnings: Pre-Forecast 15:30 USA 3 NFP (June) 223K 190K 15:30 USA 3 Average hourly earnings (m / m) (June) 0.3% 0.3% 15:30 USA 3 Unemployment rate (June) 3.8% 3.8% As can be seen, the forecasts are rather optimistic and, in some cases, even aggressive, and therefore the chances that they will not come true fully or partially are high. Thus, we see on the horizon a potential fundamental threat to the dollar. In addition, purely technically, if you look at the graph of the Dollar Index, you can see its inability to overcome the key resistance 95 and can see signs of a possible correction: consolidation at the top, the formation of reversal graphical patterns, candlestick signals, trend indicators enter into a neutral negative state (see KenJi and TDI indications), etc. Total, dollar sales continue to look more promising than its purchases.
NASDAQ:ADP
by Trade24Fx
$EURUSD | Third Bullish Swing - Quick Wave in Action!Hey Traders, In our previous analysis we Bought EURUSD as a counter trade to our short analysis and it worked out well as expected for both BUY and SELL averaging in about (+200 PIPS) of Profit! Here we're looking at Bullish Swing after bounces of from 200D M.A EUR Zone Index and events this week are on priority and will be covering with there predictive/sentimental reports at each lap, For now Entry - CMP for those who can afford -20 PIPS and P.O at 1.23600 SL remaining - 1.22664 TP would be - 1.25214 have any doubts? than, let us know in the comment section below and make sure to give this analysis a Thumbs UP +_+ Join our Telegram (link in BIO) Source - General public Information!
Long
by BloomFisher
1
USD/CAD remain relatively calmThe USD/CAD pair made some miraculous movement upside after the US data release on Wednesday. However, the surge was unable to hold due to the weakness of the US Dollar. After hitting the 50.00% Fibonacci retracement level, the exchange rate has been gradually moving upwards, although this movement might be strengthened by the monthly PP at 1.2496. This retracement can be measured with the low at 1.2254 and the high at 1.2689.  Everything being equal, the currency pair could remain relatively calm during the following trading session.
Long
by UnknownUnicorn890690
USDCAD Loonie ShortUSDCAD A.k.a The Loonie Has some Further Downside Potential. After the 160+ Pip move Last Friday on Strong CA Data and Weak US Data, We saw a huge sell off and a slight pullback. On the Hourly Timeframe we have a MA Cross and A Clean Break of the Trendline. I already have some Short Running and have now added to my positions hoping to achieve the Target 2 which also coincides with the -61.8% extension target and a key area of support at 1.2200. We Have US PPI Data Later This week. Will this Push the Loonie Down Further?? FX:USDCAD
Short
by ScholarGC
GBPUSD UPDATE: Continuation of buy program. Next target 1.3250I am looking at a continuation of the buy program that we have been in for the last few months. This chart shows 2 zones that I will be looking at adding more buys, I am confident that we should see an extention to 1.3250 before a drop but I am managing my expectations and being reactive to price action as it unfolds. News yesterday gave us the expected volatility and these buys are a high probability opportunity to get the GBPUSD at a cheap price. Shorting right now would be contrary to my method and I prefer to wait for buys. As always price is a leading indicator for price itself and it will guide us. I have taken an aggressive buy at market open but I will add more as price gets to my execution zone. Goodluck.
Long
by Mutondi
All Eyes on the First Donald Trump and Xi Jinping Meeting TodayAll Eyes on the First Donald Trump and Xi Jinping Meeting Today Daily Technical Analysis Thursday, April 6, 2017 USDCNH - On the First Time, Donald Trump and Xi Jinping meets today. What do you expect for USDCNH market today? A further advance trend? The US economy has in good standing position after FOMC results. The US Initial Jobless claims report will be release today. Do you expect US Dollar may react on Donald Trump and Xi Jinping important meeting?
Long
by MarketChameleonFX
Potential AUDUSD Long Reentry Possibility?!Hello Traders, AUDUSD is in a big triangle pattern in the daily chart, as you can see in the first chart. It was flirting with the last significant breakout highs at around 0.7536. Where also the 200-day moving average comes across. The main idea is now that the market should at least bounce from its current daily levels. Therefore, we waited last week for a confirmation in the 1-hour chart. As a matter of fact, the 1-hour chart gave as an ending diagonal. With a breakout and a retest of this broken falling trend line, as you can see in the second chart, we decided to take a long position at 0.7555 with a stop loss of 0.75688 and an initial target of the last daily highs at 0.7715. It is an approx. 5:1 risk to reward ratio, which is pretty good. The trade is currently with +70 Pips in profit. But we will wait now for another consolidation pattern, like projected in the second chart. With a break again of its potential consolidation, we will take another long position to scale into our existing position. In case of a scale in we will put our stop-loss from the first position to break even. We will keep you updated. We wish you a successful start in this upcoming week and please do use a tested strategy, this is just our opinion and we don't share OUR exact multi-timeframe strategy here. This will just give a sense of market direction. Cheers
Long
by secrets2trade