Forex
Yard offers you comprehensive daily analysis of the Forex market by a
team of experts in technical analysis that is always keen to provide
better services to its customers.Euro drops before U.S. employment dataThe
EUR saw intense downward movement throughout the trading day yesterday
despite positive U.S. data, which helped the U.S. currency. And continue to concerns about debt in the euro area in keeping investors from riskier assets. It is not yet known whether the U.S. employment report will provide support for the euro.Economic AnalysisU.S. dollarReport of U.S. employment in the private sector say the dollar to trend upwardThe
Greenback is in an upward direction as a result of yesterday after the
ADP ADP, which came in better than expected as well as after the report
of the Claims of U.S. unemployment. The dollar rose against the euro and British pound and Japanese yen. The
EUR / USD dropped to its lowest level in 11 months while the dollar /
yen beyond the level was 77.0 and the ADP ADP when reading 325 thousand,
higher than expected at 176 thousand. The
ADP report for employment in the private sector is an important
indicator for the U.S. employment report, which will be announced today.
The U.S. employment report more indicators of global economic importance, and leads to a strong movement in the market. Will
measure the number of U.S. jobs report that the new jobs were added in
the U.S. economy during the month of December without the agricultural
sector. Analysts
predict 152 thousand to read this report, although this reading is
correct, this will be a sign of a marked increase in reading in
November. Certainly, the impact of U.S. Non-Farm Payrolls report on the agricultural sector of the market difficult to predict. On the one hand, 'positive reading tend to support high-risk currencies like the euro and British pound and Australian dollar. On
the other hand, if this reading was less than expected, investors may
decide to change the direction of their money into safer assets such as
the U.S. dollar and Japanese yen. And
traders will want to remember that it is very difficult to predict the
employment report without reading the agricultural sector and what will
come if higher or lower than original expectations.EuroEurozone news are paid in euros to decreaseThe
EUR extended its bearish trend on Thursday, the euro zone crisis
continues to push investors away from the euro heading to safe haven
currencies such as the U.S. dollar and Japanese yen. The euro / yen, its lowest level in 11 of a new year, while EUR / USD to the lowest level since December 2012. The downward movement came despite the U.S. employment data, which benefited from high-risk assets such as the euro. Today, traders will want to focus on the employment report U.S. Non-Farm at 13:30 GMT. While
the positive reading is expected, but it is not supposed to adoption of
the traders to help them out of the euro this week, a positive tone. In
the case of the issuance of any additional negative data from the euro
zone is likely to cause a further decline of the euro, particularly
against currencies such as the European currency and the Japanese yen.Japanese YenJapanese yen fall against the dollar after U.S. jobs reportThe JPY saw mixed session on Thursday. In
exchange for the euro, Japanese yen hit its highest level in 11 years,
because of the ongoing series of negative news about the debt crisis in
the euro area. At
the same time, U.S. economic data led us to employ the positive to the
rise of the dollar / yen above the level of 77.0 and today, is likely to
cause the U.S. Non-Farm Payrolls report of the agricultural sector in
volatility between the Yen pairs. May
cause a positive reading of this report in the low versus the Japanese
yen after the high-risk currencies like the Australian dollar and
British pound. The
data came a day without expectations, traders can expect to get the
Japanese yen, which holds a safe-haven to support the good against all
major currencies.Crude oilCrude oil witnessed a slight decrease but still bullish in generalSeems
that the price of crude oil peaked yesterday about the level of U.S. $
103.60 a barrel before falling in the afternoon trading session. Thus,
the price of oil is still at the height of the rise and analysts expect
this item to remain above the level of U.S. $ 100 as long as the
tensions in the Middle East continues. Today,
traders can predict that the direction of the current oil will continue
after the recent European Union ban on Iranian crude oil. Moreover,
the U.S. employment report came without reading the agricultural sector
in conformity with the expectations, it is possible to see the oil with
the support of other goods before going out this week.Technical AnalysisEUR / USDAppears on the technical indicators that the pair could see an upward correction in the near future. Has
decreased over the Williams on the graph relative to eight hours to the
oversold territory, while the relative strength index on the daily
chart below the level of 30. Traders may want to go long on this pair.British Pound / U.S. DollarWilliams
fell over on the graph relative to eight hours to below the level of
-80, which indicates that there is a potential bullish movement. The technical indicators are inconclusive at this time. Traders may want to go long on this pair.U.S. dollar / Japanese yenShows through most of the technical indicators that the pair is oversold. Could be on the Slow Stochastic on the daily chart bullish while the RSI on the oversold territory. Traders may want to buy this pair.U.S. dollar / Swiss francEvidenced by the technical indicators on the daily chart that the pair is overbought and could see a downward correction. It is located over Williams in the relative current above the level of -10, while the RSI is at 70. Traders may want to go short.British Pound / Swiss FrancThe
Slow Stochastic on the graph of eight hours a bearish cross, while
Williams is the relative on the daily chart on the level of -10. All of these indications that the downward movement may be achieved in the near future. Forex traders may wish to enter into sale before the downwards breach occurs.
