www.fxtimes.com – Forex News, Analysis, Education, Live-events The market has returned to full force from the holidays. The greenback has started the year strong in anticipation of better economic data. The market has been pricing in a better Non-Farm payroll. Ahead of the NFP, the US Dollar crosses are consolidating. The EUR and AUD/USD however are particularly weak. Let’s take a look these and some other dollar-crosses such as GBP/USD, USD/JPY, USD/CAD, USD/CHF. We’ll also visit gold (XAU/USD) and silver (XAG/USD) charts. Fan Yang CMT Chief Technical Strategist FXTimes
If you like to trade the news, tomorrow is one the best news announcements to trade. It’s also a good time to trade a counter-trend strategies.
The US Non-farm Payroll is going to be released tomorrow at 8:30 am ET. This is a great opportunity to trade, either before the news with a counter-trend system or during the news with a breakout system.
For more updates, visit: www.fxtimes.com The week is almost over, we made it through BoJ minutes, RBA , FOMC , BoE, ECB meetings. We still have a BoJ meeting tonight and Non-Farm Payroll tomorrow. Let’s take a quick look at the EUR/USD, USD/JPY, USD/CHF, AUD/USD, Gold (XAU/USD), EUR/JPY,…
Forex Technical Update 10/7/2010 Tomorrow’s non-farm payroll may be an event risk so let’s take a look at some USD-crosses. The EUR/USD is at an important resistance zone near 1.40. The GBP/USD hit resistance at 1.60 target. The USD/JPY continued lower than the intervention level. The AUD/USD and USD/CAD pairs are testing important resistance and support zones respectively. Finally, gold was seen to go to 1365 and is now seeing early topping action after hitting this level. Let’s take a look at these charts. Fan Yang CMT CTA www.fxtimes.com