Friday June 2, 2017 - 08:59:12 GMT
Global-View - www.global-view.com
Share This Story:
|
|
Email
Amazing Trader Ideas For 2 June 2017
Register To Test Your Amazing Trader
The focus today is on the May U.S. Employment report at 12:30 GMT. At one time, this was the unofficial U.S. open, but most traders now arrive at their desks at 11:30 GMT or so, or even earlier to catch more of the European session. Street estimates for payrolls had been fora gain of +180K for the month, but have been edged up to above 200K following the strong ADP data yesterday. Kep in mind that the ADP figures are notoriously erratic. A key focus is always the averager hourly earnings reoport, which is estimated at 0.30%, unchanged. the markets now look at both these statistics in tandem.
Today The EURUSD HOD has been 1.1229, while the LOD has been 1.1210. This is an extremely narrow range. Each day, the daily highs and lows are always key. Holding the 1.1200 level remains the key to the EURUSD upside. On top, neutral EURUSD 1.1230 area is key.
Forex trading conditions can change quickly, so use your AT charts to monitor current support (red) and resistance (blue) levels. The technicals frequently change ahead of the fundamentals. Changing colors and/or disappearing or new lines on the Amazing Trader (AT) charts will tell you which way the winds are blowing. Keep an eye on which color lines are being drawn or erased as your leading momentum indicator.
Forex Trading News
Forex Research
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
here.
Forex News
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
We are starting an affiliate program to market some of our products.
Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
