USD Awaiting Hurricane Impact on US Jobs Report

Discussion in 'News, planned work and promotions' started by Francmorio, Oct 6, 2017.

  1. Francmorio

    Francmorio Member

    The US dollar is trading near seven week highs as economic data has been solid, the central bank is still pushing for a third rate hike and the tax reform proposal is moving forward. Leading manufacturing and non manufacturing indicators have improved and rising exports have shrunk the trade deficit to a yearly low but questions remain on the effect the tropical storms will have on the biggest economic indicator in the market.
    The U.S. Bureau of Labor Statistics will release the non farm payrolls (NFP) report on Friday, October 6 at 8:30 am EDT. The economy is forecasted to have added 82,000 positions in September. The impact of hurricanes Harvey and Irma is to blame for the under performance but given the resilience of the economy the possibility of the final figure beating expectations is not far fetched.
  2. Volkov Yuriy

    Volkov Yuriy Administrator

    11 July 2018

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  3. Volkov Yuriy

    Volkov Yuriy Administrator

    09 July 2018

    Dear traders,

    We would like to share June trading results of FreshForex traders. Check out report about the best trades and the most interesting assets and set your own records!

    Traders' results

    $5 429 is the most profitable June trade! It was long EURUSD position of 10 lots, order was in market for about 12 hours.
    668% is the biggest increase in funds this month, the client achieved such a result by trading major currency pairs.
    The most active trader made 1989 trades! The client traded GBPUSD without using Expert Advisors!
    $142 733 is the best total trading result of June! The client traded major currency pairs and cross rates.
    63% of all the June trades were profitable.
    60% clients with deposits larger than $10 000 closed this month with profit.

    The Most Interesting Assets

    The most popular currency pair EURUSD could have brought only $385 for a trade of 4.28 lots. Which assets could have brought more than 10 times bigger profit?

    USDZAR and EURZAR – South Africa's economics is facing difficulties, the national currency have fallen drastically in recent months. So traders could earn good money: in June a BUY trade for USDZAR of 5 lots could have brought $38 095 of profit, and BUY trade for EURZAR of 4.28 lots – $37 666.

    BTCUSD – Bitcoin shows high volatility and allows to get high profit in several minutes. For a SELL trade for BTCUSD of 17.20 lots one could have got $29 539.

    #WTI – Donald Trump promises Iran problems, that pushes WTI price up. In its turn, Iran is ready to stop oil export in autumn. While politicians fight, oil shows strong uptrend! One could have got $22 087 of profit for BUY WTI trade of 3.40 lots.

    XAUUSD and XAGUSD – in first summer month these currency pairs followed exactly ADX indicator signals! Technical analysis supporters should definitely take them into consideration. In June SELL trade for XAUUSD of 2 lots might have brought $9 138, and SELL trade for XAGUSD of 3.11 lots – $5 124.


    *All the profit is counted for a trade with margin of $1 000.

    For more information about volatile trading instruments of the month check out our Forex Heatmap!

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