Excellent technical analysis for the upcoming week on the EUR/USD,
The US dollar managed to end the busy week a bit stronger, but the NFP took some of the wind out of its sails. ISM Non-Manufacturing PMI, US trade balance, and jobless claims, as well as rate decisions in Australia and Japan are the main market movers for the week ahead. Here is an outlook on the top events on our calendar. Last week the NFP release was a big disappointment with a lower than expected gain of 162K jobs in July. Economists expected a bigger increase of 184K. This came after an encouraging number from ADP: a 200K addition in private sector jobs. This reading sends mixed signals to the U.S. Federal ... (full story)
DislikedNewbie traders should really reconsider trading EUR/USD as it has no real "fundamental drivers".
For the most part this pair is promoted by brokers etc - promising "low pipspreads" and "high liquidity" in an effort to lure newcomers.
The pair is notorious for fleecing short term time frames - and in general parting newcomers with their "2k get rich quick dreams".
I rarely ( if ever ) trade it.Ignored
DislikedThe more you post the more I'm convinced that you are a know nothing blow hard who's never traded. Even by your low standards that post was a clusterfukc of nonsense.Ignored