POST NFP OUTCOME OVER THE PAIRS:
POST NFP OUTCOME OVER THE PAIRS:- Weaker-than-expected nonfarm payrolls report sent equities higher and lowered the Dollar on Friday. Futures markets are also pointing towards firmer open in Asia today, Gold recouped around two-thirds of Thursday’s selloff and prices remain above the trend line support from March low. Now support is at the place around 1855, watch for the break above Friday’s high to suggest bullish trend prolongation. Dollar falls broadly after US Payrolls forecast. […]
TECHNICAL MARKET ANALYSIS 7th JUNE
TECHNICAL MARKET ANALYSIS 7th JUNE EUR/USD EUR/USD is currently strengthened after the release of the weaker than expected U.S. jobs report. The Eurozone Retail Sales data released last Friday indicated a decline in consumer spending in April. The pair is testing the support zone of 1.21500 and the resistance will be at 1.23200, look for short-term buying opportunities of EURUSD if it rejects the support zone of 1.21500, overall we can say that the pair […]