Easy Pips Forex

Forex: Majors in range ahead of NFP
FXstreet.com (Barcelona) - Major currencies remain trading practically flat against the Dollar,…

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FXstreet.com

Dollar Edges Lower as NFPs Solidify Investor Sentiment and Shake Out Remaining Volatility

Though liquidity was winding down quickly into the close of the week, we would nevertheless see a significant shift in the traditional market gauges for risk appetite Friday. With the help of a dubious nonfarm payrolls (NFP) report, risk appetite would start climbing before the US exchanges came online.

John Kicklighter, Currency Strategist

Currency Crosses Pairs Analysis
EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area. Intraday: we didn’t get the follow through in the breakout we expected to conside a change of direction. Staying bearish unless we see this weeks close above 0.8350 level.

USD Graphic Rewind 09.03

Jonathan Granby,

Agta Record, Natixis, Vinci, Vivendi, Von Roll: European Equity Preview
The following companies shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are from the last close.Bloomberg - Sep 02 02:30pm

Dollar Outlook Stalled by Aimless Risk Trends, Fed s Concerns

It is always good to step back from the day-to-day changes in the markets to put price action into context. While this past week has seen a number of instances of volatility expansion for the US dollar, the currency has actually strayed little from a general state of congestion.

John Kicklighter, Currency Strategist

Australian Trade Surplus Shrinks as Coal, Iron Ore Lead Exports Lower

Ilya Spivak, Currency Strategist

Wednesday’s Price Action Could Be Overstated; Proceed With Caution

Price action over the past 24 hours has been a bit unusual in our opinion, with risk sentiment dramatically improving, currencies rallying sharply, and global equities racing higher on the back of a decent round of global data on Wednesday.

Joel Kruger, Technical Strategist

Better Than Expected ISM Numbers Should Spur The Bear Market Rally Further
The manufacturing sector expanded by a slower rate in August than the previous nine months, we expect today’s ISM manufacturing report to show. The overall slowdown in the economy has been obvious over the summer and we expect it to continue heading into fall and winter. Practically all regional PMIs

EUR/USD - Wave Count and Zig Zag Projection
Although the market was bearish for most of the first 2 sessions. The third session this week started pushing up the Euro in the Asian session. This accelerated in the European session. This is not surprise ahead of the Non-Farm payroll. We expect some lower volatility but after the current

EUR/USD: Trading the Change in U.S. Pending Home Sales

The ongoing weakness in the U.S. housing market could spark a larger-than-anticipated drop in pending sales of existing homes, and the data is likely to spark increased volatility the exchange rate as investors as investors weigh the prospects for future growth.

David Song, Currency Analyst

Daily Forex Update: EUR/CHF
The downtrend on the EUR/CHF moved sharply lower today as the Swiss Franc gained against all major currencies-and the downtrend on the EUR/CHF shows how much the Franc continues to gain against the Euro. Negative sentiment is established enough that the bears will wait and sell into any rally. Therefore,

US ISM Manufacturing PMI increases to 56.3 in Aug from 55.5 in July
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Forex: USD/JPY bearish tone persist
FXstreet.com (Buenos Aires) USD/JPY Current Price: 84.40. Having tested 83.60 lows during past…

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Currency Crosses: Technical Outlook 09-01

The Euro crosses are mixed but there are bullish opportunities in the Yen crosses.

Jamie Saettele, Sr. Technical Strategist

EUR/USD Daily Outlook
Intraday bias in EUR/USD remains neutral for the moment as consolidations from 1.2587 is still in progress. Another rise could be seen before the consolidation concludes. But still, upside should be limited by 1.2910 resistance and bring fall resumption. Below 1.2587 will target 61.8% retracement of 1.1875 to 1.3330 at

EUR/USD May Become Scalping Target Ahead of ECB Decision.

The USD/JPY rallied following a robust US Manufacturing report but the pairs reaction to broader risk appetite was subdue compared to other risk sensitive pairs. Price action has begun to consolidate and could continue with major event risk ahead in the form of US Non-Farm payrolls. The labor report will have significant market moving potential, which should limit conviction before the release. Additionally, the low interest rate expectations for the dollar have begun to weigh on the reserve currency, weakening the influence of risk trends on the pair.

John Rivera, Currency Analyst

Swiss Franc 2009 Price Extreme in Jeopardy

Jamie Saettele, Sr. Technical Strategist

JP Morgan to close proprietary trading operations
JP Morgan Chase is winding down its proprietary trading operations and has given notice to its roughly 20 proprietary commodities traders about the elimination of their jobs, according to a person familiar with the matter.eFinancial News - 2 hours, 51 minutes ago

PUC approves purchase of bio-solids hauling equipment
NEW ULM -The New Ulm Public Utilities Commission approved the purchase of a new bio-solids hauling equipment used to spread bio-solids from the city wastewater treatment plant to local farm fields.The New Ulm Journal - Aug 24 10:05pm

GBP/USD Classical 09.01

Joel Kruger, Technical Strategist