June 6, 2014
GBP/USD- After we saw cable surge on the upside yesterday on the back of sterling data, that being the interest rates remaining the same and as we saw dollar weaken on the back of the ECB press conference with the ECB slashing rates down to 0.15%. Although the rates being cut was already priced in…. View Article
June 6, 2014
Highlights of the May non-farm payrolls report from the US Bureau of Labor Statistics: Prior reading was 288K (revised to 282k) Unemployment rate 6.3% vs 6.3% expected Prior unemployment rate was 6.3% Participation rate 62.8% vs 62.8% prior Private payrolls 216K vs 210K exp Manufacturing payrolls 10K vs 10K exp Avg hourly earnings +0.2% vs… View Article
June 6, 2014
Dear traders, As we all witnessed the big news from the ECB yesterday as Mario Draghi (President of European Central Bank) decided to bring down the interest rates to (0.15) which dragged the EURUSD 100 pips down and straight back up with 150 pips. As I mentioned last week in my post, we will see… View Article
June 5, 2014
EUR/USD- As I said yesterday, we saw a lot of movement in euro dollar as expected after the ECB press conference today. After the rates were cut down to 0.15% from 0.25%, we saw a big move on the downside dropping to lows of 1.35028, but considering the fact that the rate cuts were already… View Article
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