Forex Trading Today
  • Home
  • Join our trading community
  • Back to FXstreet.com

Forex Trading Today

A Blog of Commentary and Ideas from an FXstreet Premium Member by Tim Salem (CVJ)

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Commentary
  • FXstreet Premium Thoughts
  • Live Webinars
  • Market Analysis
  • Trading Ideas
  • Uncategorized

Archives

Recent Comments

  • Ramon Huss on A Fond Farewell Everyone!
  • ed ponsi on A Fond Farewell Everyone!
  • Goncalo moreira on A Fond Farewell Everyone!
  • Raghee Horner on A Fond Farewell Everyone!
  • Tim Salem (CVJ) on Ranges of Accumulation Seen Moving Forward

Tags

accumulation appreciation AUD/JPY AUD/USD Cable channel consolidation continuation correction correlation crude crude oil currency Data dollar Dow England equity EUR/JPY EUR/USD euro Europe exchange Fibonacci formation GBP/JPY GBP/USD gold interest rate Japan oil pattern pound Price range resistance retracement Risk Aversion S&P 500 sentiment support USD/CAD USD/CHF USD/JPY Yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

Equities Keep EUR/USD and GBP/JPY Inversely Well-Bid

Posted on May 8, 2009 at 9:27 in Commentary, Market Analysis by Tim Salem

Greetings Again, Everyone!

With Non-Farm Payrolls Clocking In at 539K Loss, and with 8.9% Unemployment and a 39K Revision from last month, our Thoughts on the Numbers being “Closer” to the -600’s came to Fruition… as this proved Dollar-Negative Sentiment than some of the Consensus of -500 to -400 Losses would have been.

“Expectation” Rules The NFP Day as always… and the Fiber and Yen Crosses have taken Advantage here.

Equity Futures Well-Bid prior to the NYSE Open certainly helped… as that “Train has continued Its Bullish Travel” with the Open Itself as of this Writing.

Here are the Hourly Views to see the “Digestion” of the Data… as Price “Anchors” Itself to Key Levels on the Fiber and the Pound Yen.

Give the Captures a Click for Commentary, and Post-Time is 14: 25 GMT.

 

 

 

 

 

 

Let’s check back in a little later as well… and see how the Dow and S&P Contracts continue to work with the overall “Sentiment” here!

:-)

 

 

 

Tags: appreciation, channel, correlation, Data, equity, Futures, Non-Farm Payroll, Price, unemplyment

Comments are closed.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.