Trade With Precision Newsletter - Forex

There are a few key themes in the Forex market that continue to lead the way in 2015 and that is US Dollar strength and Euro weakness. When you get one strong currency and pair it with a weak currency you get a really nice trending market. That is what we continue to see on the EURUSD forex pair.

There are a huge amount of markets right across the world that you can trade, however allot of traders just choose to stick to just one or two markets. Some traders may even just trade one forex pair like EURJPY. But what happens when the EURJPY chart doesn't show any clear direction? They continue to trade that market and lose money trading in poor, choppy conditions. If you are one of those traders you might want to end the frustration and consider opening yourself up to a whole range of markets including Forex, Commodities and Stocks. When you have the ability to trade many different markets you have higher odds of finding charts with clear direction which will be allot easier to trade than charts with no clear direction.

Tamar Mehr analyses some of the major Forex pairs including EURUSD, GBPUSD and AUDUSD ahead of the Non Farm Payroll figures coming out this Friday. The Non Farm Payroll figure shows the change in the number of employed people in the United States during the month excluding the farming industry. The figures are released on the first Friday of each month. They provide a great indication of the health of the economy and act as a leading indicator to consumer spending. These figures can provide some big moves across many markets so we need to be aware of this and manage our risk accordingly.  

The start of 2015 has seen an extension of some of the strong themes we saw towards the end of last year in the currency markets, namely USD strength and Euro weakness. In this week’s Newsletter Simon Clarke analyses a few USD and EUR markets discussing some of the levels and trading opportunities he’s stalking.

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