Summary
In this webinar, professional trader, money manager and trading coach Jens Klatt and Stefan Friedrichowski, Ph.D. in Physics, quantitative pro-trader and expert on building trading strategies based on clear statistical and advantageous patterns, will go through the US market opening and show you how to trade it effectively like a pro.
The main focus in this particular event will be on a discretionary approach Jens is using in his daily trading and which will be analyzed from Stefan in Excel and which will show that indeed the strategy works in reality.
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Editors’ Picks
US Dollar weakens after mixed Nonfarm Payrolls data – LIVE
The US Bureau of Labor Statistics announced on Tuesday that Nonfarm Payrolls (NFP) rose by 64,000 in November. The report also showed that NFP declined by 105,000 in October, while the Unemployment Rate rose to 4.6% in November, causing the US Dollar to come under renewed bearish pressure.
EUR/USD climbs toward 1.1800 as US employment data weighs on USD
EUR/USD gains traction and rises toward 1.1800 in the second half of the day on Tuesday. The US Dollar weakens and helps the pair stretch higher after the employment report showed that Nonfarm Payrolls declined by 105,000 in October before rising by 64,000 in November.
GBP/USD climbs above 1.3400 after upbeat UK PMI data
GBP/USD gains traction and trades in positive territory above 1.3400 on Tuesday as the British Pound benefits from upbeat PMI data. Later in the day, crucial data releases from the US, including Nonfarm Payrolls, Retail Sales and PMI, could trigger the next big action in the pair.
Gold retreats from seven week highs on profit-taking; all eyes on US NFP release
Gold price loses momentum below $4,300 during the early European trading hours on Tuesday, pressured by some profit-taking and weak long liquidation from the shorter-term futures traders. Furthermore, optimism around Ukraine peace talks could weigh on the safe-haven asset like Gold.
Ukraine-Russia in the spotlight once again
Since the start of the week, gold’s price has moved lower, but has yet to erase the gains made last week. In today’s report we intend to focus on the newest round of peace talks between Russia and Ukraine, whilst noting the release of the US Employment data later on day and end our report with an update in regards to the tensions brewing in Venezuela.
What to look out for on Tuesday, December 16th:
The US Dollar Index (DXY) declined sharply following the Fed's policy announcements last Wednesday and closed a third consecutive week in negative territory. Late Monday, the USD Index trimmed part of its losses and trades near 98.40.