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November 14, 2018

Non-Farm Payrolls and Why It Matters for Currency Traders

The United States jobs data is a crucial piece of economic data for any currency trader. Behind the numbers, the implications on the USD matter the most for any serious trader. A currency trader will always perform better if he/she keeps the interest aligned with the central bank monetary [Read more...]

Bitcoin Down as Tether Drops Again

Compared to last week, Bitcoin is down $130 on FXOpen or close to 2 percent. We are quoted at $6,433 dollars right now. Bitcoin Down as Tether Drops Again As we can see on the chart below, the zig-zag movement in BTC/USD continues. After last week’s small rally this week we’re [Read more...]

EUR/USD Starts Rebound, USD/JPY Remains In Uptrend

EUR/USD found support near 1.1215 and started a short term correction. USD/JPY remains in an uptrend above the 113.70 support and resistance awaits near 114.10. Important Takeaways for EUR/USD and USD/JPY The Euro declined heavily below 1.1300 until buyers appeared near the 1.1215 level. There [Read more...]