Browsing all articles tagged with unemployment rate
Jul
5

USD/CAD D1 Technical July 05

USD/ CAD is trapped in a range of 1.0555 to 1.0450 level. Bollinger bands are not providing clear signals due to oversold of pair. Break of any level will confirm trend.

Price action on 1.0555 level should be watch. If pair manage to reached that level and H4 candle closure above 1.0555 then USD/CAD will continue its uppish trend.

But if pair fails to break its resistance level and H4 candle closer below 1.0555 level then it will show bears are incharge that will take pair towards 1.0450 level.

High impact Data’s can affect the pair. Data’s like Non-Farm Employment Change, Unemployment Rate, Employment Change, Ivey PMI.

Jul
5

GBP/USD D1 Technical July 05

GBP/USD is under pressure. Pair get a strong pull back from 1.5260 level and dropped up to 250 level. Now the support is around 1.5000 level. H4 and D1 candle chart are showing buyers in this area. If Cable manage to hold this physical level then pair will test its today’s resistance at 1.5125 level.  Further bullish scenario will be confirmed if pair manage to give a day closure above 1.5125 level then pair will continue its bullish trend towards 1.5260 level.

On the other hand, If pair didn’t manage to hold its support level 1.5000 then pair will fall rapidly towards southward and target 1.4950 level.

High impact News can affect the trend of GBP/USD. News like Non-Farm Employment Change, Unemployment Rate.

Jul
5

EUR/USD D1 Technical July 05

EUR/USD get a pull back from 1.3000 level yesterday after the news of ECB and dropped up to 140 pips. Now the support is at 1.2850 level and resistance is around 1.2950 level. break through any level will confirm the new trend for the pair. At this movement Bollinger bands are showing sell signals. But as long pair hold 1.2850 level there can up some upward movement.

So, price action on support level should be watch. H4 and D1 candle chart are showing a group of Buyers in this zone. If EUR/USD manage to hold its support and H4 candle closure above 1.2950 level then it will provide bullish strength to pair and EUR/USD will then continue its uppish trend towards 1.3048 which is acting as pivot point.

On the contrary, If pair fails to hold its support level 1.2850 and H4 candle closure below this level then it will open gates towards southward and EUR/USD will then fall rapidly towards 1.2800 level.

High impact News can affect the movement of EUR/USD. News like Non-Farm Employment Change, Unemployment Rate.

 

Jul
5

AUD/USD D1 Technical July 05

Yesterday Aussies manage to break its resistance 0.9107 and target 0.9175 level. Today’s resistance is at 0.9190 level. Pair is expected to break this level and test its next resistance around 0.9250-80 level. Price action on 0.9250 level should be carefully handle.

If AUD/USD manage to break through its resistance 0.9190 level and H4 candle closure above this level then it will indicate bullish strength that will take AUD further up towards 0.9250-80 level.

The scenario will be vanished. If pair didn’t manage to hold its support level 0.9107 level and H4 candle closure below this level then pair will start moving southward and target will be 0.9050 level.

High impact News can change the scenario. News like Non-Farm Employment Change, Unemployment Rate.

Jun
12

AUD/USD D1 Technical June 12

AUD/USD got bullish in late session yesterday and target around 150 pips. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9525 level.

Price action on 0.9380 level should be carefully watch. If AUD/USD manage to hold this level today and H4 candle closure above this level then it will indicate bullish strength and pair will then target 0.9525 level. Daily closure above 0.9525 level will take AUD further upward.

On the other hand. If pair fails to hold 0.9380 level and H4 candle closure below this level then pair will fall rapidly towards southward and target 0.9330-300 level respectively.

High impact News can change the scenario. News like Employment Change, Unemployment Rate.

Apr
10

AUD/USD D1 Technical April 10

Yesterday in late session AUD/USD manage to break its key level 1.0493 level. Bollinger bands are showing buy signals for the pair. Aussies is expected to target 1.0545 level today, which is today’s resistance. Price action on this level should be watch. If pair manage to break 1.0545 level this will indicate pair got more strength and AUD/USD will then further move up towards north.

High impact News can affect the trend of AUD/USD. News like FOMC Meeting Minutes, Employment Change, Unemployment Rate.

Mar
14

AUD/USD H4 Technical March 14

The positive News of Employment Change and Unemployment Rate give  boost to Aussies and it targeted up to 75 pips. Currently  AUD is testing its resistance at 1.0375 level. If pair manage to break 1.0375 level and H4 candle close above this level then AUD/USD is expecting to move further towards north.

On the contrary, If H4 candle fails to close above resistance level 1.0375. It will indicate bearish strength for the pair and Aussies will then again move towards south and target 1.0300 level.

High impact News can change the scenario. News like PPI m/m, Unemployment Claims.

Mar
13

AUD/USD D1 Technical March 13

Yesterday Aussies manage to overcome on its resistance 1.0290 level. Now next resistance is at 1.0375 level. We are expecting AUD/USD to hold its support 1.0260 level and continue its uppish movement. Bollinger bands are providing buy signals for the pair.

If Aussies manage to break its resistance 1.0375 level and give a day closure above this level then it will indicate strong bullish strength and AUD will then move further towards north.

High impact News can affect the trend of Pair. News like Core Retail Sales m/m, Retail Sales m/m, Employment Change, Unemployment Rate.

Mar
9

Jobs statistics Are Far Worse Than They Look, Economists Shocked

Economists were shocked by the enormous beat in Friday’s reported job figures. The unemployment rate plunged 0.2 percentage points to 7.7% and the economy purportedly added 236,000 jobs.

According to the household inspection on which the unemployment rate is based the economy added a strong 170,000 jobs. The survey also illustrate a marvelous boost of 446,000 part time jobs.

A Gallup survey on jobs released on Thursday illustrate the percentage of workers working part time however wanting permanent work was 10.1% in February, a boost from 9.6% in January and the greatest rate measured since January 2012.

Gallup survey notes though fewer people are unemployed now than previous year, they are not transfered to permanent jobs for an employer. In reality, fewer Americans are working permanent for an employer than were performing so previous year and more Americans are working part time.

While part time work is obviously better than no work at all, these are not the sort of good jobs that millions of Americans are still penetrating for.

During the previous month there was a rush of 679,000 in the amount of people working multiple jobs. The seasonally adjusted boost was 340,000.

One can preserve the statistics two ways. Either the economy is getting healthier and more jobs are available, or people are working more jobs as their hours were cut and they need an additional job.

Mar
8

AUD/USD D1 Technical March 08

Aussies is trading in a small range of 1.0290-1.0150 level. Pair is expecting to test its resistance 1.0290 level and suggested a decline. However, if AUD/USD manage to break 1.0290 level and H4 candle close above it then pair will further move up.

Bollinger bands are providing sell signals for the pair. Price action on 1.0290 level should be carefully watch, If H4 candle fails to close above 1.0290 level, then it will indicate bearish strength for the pair and pair will then target 1.0200-01950 level respectively.

High impact News can change the scenario. News like Non-Farm Employment Change, Unemployment Rate.