Thread: Make Profit With Gap Strategy.
James Knightley, a chief international economist at ING, suggests that after the US non-farm payrolls rose a slightly disappointing 155,000 in November, they are expecting to see December payrolls growth coming in at around 165,000 versus the 180,000 market consensus. ING's Knightley expects wages to rise 3.1% over the year and the unemployment rate to reach 3.7% in December.
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Apart from a broad-based USD weakness, the up-move lacked any obvious catalyst and hence, bulls might continue to face difficulty in lifting the pair decisively above the 100-day SMA barrier.
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This coupled with the partial US government shutdown kept the USD bulls on the defensive and remained supportive of the pair's strong intraday positive momentum for the second consecutive session on Friday.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The EUR/USD pair caught some aggressive bids in the last hour and touched a fresh weekly high level of 1.1473 in the last hour.
In absence of any fresh fundamental development, the latest leg of a sudden spike could be solely attributed to persistent US Dollar selling bias amid concerns that a global economic slowdown might spill over into the US.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Persistent USD selling bias helps catch some fresh bids in the last hour. Relatively thin liquidity conditions accelerate the positive momentum. Traders now eye prelim German CPI/US economic data for fresh impetus.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Technical levels to consider
The initial resistance for the pair aligns at $1282 (daily high) ahead of $1294 (Jun. 3 high) and $1300 (psychological level). On the downside, supports are located at $1274 (daily low), $1264 (Dec. 26 low) and $1258 (Dec. 24 low).
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
GBP/USD
Overview:
Today Last Price: 1.2698
Today Daily change: 44 pips
Today Daily change %: 0.348%
Today Daily Open: 1.2654
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
• Despite a bullish set-up, traders are likely to wait for a convincing breakthrough 1-1/2 week old trading range before positioning for any further near-term appreciating move.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
• Technical indicators on hourly charts have been gaining positive traction and have also recovered from the bearish territory, supporting prospects for additional gains.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
• Sustained move beyond a confluence hurdle - comprising of 100-hour SMA and 38.2% Fibo. retracement level of this week's slide was seen as a key trigger for bullish traders.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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