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EUR/USD back below 1.2600

EURUSD chart

EUR/USD failed to recover past the 1.2630 area and came under renewed pressure during the European session as investors await a series of US data, including the ADP employment report and the ISM PMI.

Top Stories

A Dollar whiplash from private sector jobs?

A new month and a new quarter should not be capable of changing things up too much. Both forex volume and volatility are not expected to ease off anytime soon as a hint of rate divergence brings with it a lot more opportunities. Hitting the half-way...

ECB Weakens The EUR; Rebounds A Selling Opportunity − Morgan Stanley

The persistently weak inflation data within Europe will increase market expectations that the ECB will have to do even more going forward, keeping the EUR under pressure, says Morgan Stanley. "Indeed,...

USD strengthens against JPY, EUR; ADP in focus

Forex News and Events The FX markets price in more USD strength before the US employment data. The September ADP is due today (12:15 GMT), the US unemployment rate and the NFPs are scheduled on Friday....

Gold Remains Weak, Pressing on Support at $1200

Gold prices are showing little change on Wednesday, as the metal remains under pressure from the strong US dollar. In the European session, the spot price stands at $1208.93 per ounce. There are two key releases on the calendar – ADP Non-Farm Employment...

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ECB expected to outline details of ABS plan at October meeting

The European Central Bank's October policy decision announcement shouldn't be such a shocker as the previous one, which involved surprise rate cuts and the introduction of asset-backed securities and covered bonds purchases.

Analysis

Trader’s eye on majors, short term

Valeria BednarikValeria Bednarik – Weak local data along with rumors of an SNB intervention weighting on European currencies


EUR/USD Forecast: looking for fresh lows below 1.2570 by FXStreet

GBP/USD Forecast: next support at 1.6100 by FXStreet

GBPJPY in a longer & short term bull trend by DayTradeIdeas.com

Kenny Polcari

It's a New Day

Stocks closed a little lower as the qtr came to an unspectacular end - the broader mkt ended the qtr in the plus...

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USDCAD: 1.1255−1.1270 on the upside, 1.1085−1.1100 on the downside

BETA - Propareos levels (areas where probabilities of price action reversal or...

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Current Trading Positions

EURUSD Order Entry SL TP
Forex Watchers SELL LI <1.2656 - -
RoboForex SHORT LMT @1.2675 1.2676 1.2451
USDCAD Order Entry SL TP
DayTradeIdeas.com BUY LMT @1.1155 1.1125 -
EURJPY Order Entry SL TP
DayTradeIdeas.com SHORT LMT @139.15 139.40 -

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Most Traded Pairs


Pair Price Hour Day Week Month
USDCHF 0.9584 -0.05 0.36 1.36 4.22
GBPUSD 1.6189 -0.05 -0.16 -0.92 -2.52
EURUSD 1.2598 0.00 -0.26 -1.42 -4.04
USDJPY 109.91 0.05 0.25 0.79 5.33
AUDUSD 0.8698 -0.02 -0.55 -2.10 -6.79

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Forex Crunch US ADP Non-Farm Employment Change in 5 minutes, follow live here: http://t.co/jtzmLDoD2M
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DG ECFIN Member States making ‘some progress’ towards implementing #EUCSRs http://t.co/QB2jPyXkyQ pic.twitter.com/dzHWyBXhub
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Sam Barry RT @LittlefishFX: Want to join Team LFX? View our latest role via @LinkedIn: C# Developer .Net Algorithmic Trading https://t.co/GtCSHN2Xj6 #jobs#developer
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Francesc Riverola SG 2/2: If we get the Ism number we forecast, look for $USDJPY to break above 110 and more risk aversion across high-beta #FX. #forex
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Pablo Piovano La Lotteria per finanziare il canone Rai http://t.co/QRTlSA4ETu LaRepubblica
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Francesc Riverola SG 1/2: US session will see the start of 3d of key data, with ADP, PMI & ISM figures due. We expect a strong ADP @230k, & a strong Ism @59.5
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Faisal Islam Yes that is by 2020... And from today... Allowances were already due to rise
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Faisal Islam 3% departmental cuts... Ex-NHS 2018 balance budget then tax cuts seem s to be the message
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Faisal Islam Michael Gove up now with Dermot murnaghan @SkyNews
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Latest from the FX Social Network

  • photo
    Francesc Riverola has a new status 6 minutes ago
    SG: US session will see the start of 3 days of key data, with ADP, PMI & ISM figures due. We expect a strong ADP @230k, & a strong Ism @59.5 read more
  • photo
    Francesc Riverola commented a blog post 9 minutes ago
    BBC Traders Millions By The Minute Documentary - Is This the Real Retail Forex Market?
    I enjoyed the documentary very much but I do not think it represents the real retail FX market as well. Thanks Ron! BTW, I saw you giving an... read more