EUR/USD Non-Farm Payroll Analysis
Posted on November 6, 2009 at 0:42 in Uncategorized by Ross YamashitaNo Comments »

Greetings and welcome to another NFP.

Technicially speaking on the EUR/USD, you can see we’re in a potential triangle formation, which means that after it is complete, we will see a move up.

Analysts numbers for the non farm payroll ranges from -155,000 to - 175,000 with the rate expected to come out at 9.9% - 10%.

If the pair does swing up, look for a potential price point near the 1.4993 area. If the pair goes down, look for a potential price point near 1.4771.

As always when trading this report, be sure to monitor your trades closely. If you’re in a trade now, be sure to protect profits and apply your own analysis and money management.

Good luck and we’ll see everyone again shortly.

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Technicals and Fundamentals for the NFP
Posted on June 5, 2009 at 3:04 in Uncategorized by Ross YamashitaNo Comments »

As expected, we saw the EUR/USD form a tight channel in expectations of the NFP coming out in about 4 hours and 30 minutes.

Technically speaking, we still have some short-term downward pressure (below 1.4000) before another potential move to the upside.

Throwing fundamentals into the mix, it seems many commentaries are still a little hesitant to say that the US economy is showing improvement - however, it is forecasted that unemployment rates are showing some signs of dropping.

Nonetheless, this NFP will be no different from those in the past - high volatility and erratic price swings. It’s best to have your plan in mind, wait for the numbers, observe how the market reacts and then pull your trigger.

Good luck and happy trading. 

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