Month: June 2015

FXGINA

EUR/USD

eurusd_29062015After opening with a gap that’s already about to be recovered we can look forward to new movements in the market for EUR/USD. With big events like the NFP coming up we will have an interesting week. Because July 3rd will be a federal holiday in the U.S. (which happens when July 4th is a Saturday) the NFP will be published Thursday. Expectations are 231K, while the previous value was 280k.

Market players expect a 226K value for the NFP, while the unemployment rate is expected to remain at 5.4%. Anything above a 200K NFP and an under 5.6% unemployment rate is favorable for the USD; however, a slight miss of the forecast could pull back some of the greenback’s recent gains.

In my view EUR/USD will reach 1,1300 until Thursday and after a positive NFP it will find support at 1,1130-40.

Sell 1,1315-20; TP1: 1,1200 TP2: 1,1130; SL:1,1390

We can secure the transaction by moving SL to original entry point when we have a profit of 20-30 pips.

FXGINA

The financial history of the world

In the four-hour version of THE ASCENT OF MONEY, historian and author Niall Ferguson seeks to explain the financial history of the world, exploring how our complex system of global finance evolved over the centuries, how money has shaped the course of human affairs and how the mechanics of this economic system work to create seemingly unlimited wealth or catastrophic loss.

Watch here