Tag - usd

EUR/USD rebounded from support
EUR/USD rebounded from support

EUR/USD recovered from the March-April support line and formed a “Piercing line” candlestick pattern on the D1.

USD: trading April NFP
USD: trading April NFP

NFP for April are coming. 22mln jobs to be deducted from the list. Will the USD withstand the hit?

What drives the market on May 7?
What drives the market on May 7?

The main focus is on the UK as the Bank of England made an announcement this morning. Let’s see what’s happening with the British pound and what else moves the market today.

May 7: risk off
May 7: risk off

The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.

May 2020 forex season trading
May 2020 forex season trading

April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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