This Daily Trading Signal is brought to you by InstaFxNg and you have received it because you are an esteemed client with one or more trading accounts. We hope these daily Signals will help increase your profit. These signals may be updated / modified during the day in response to market conditions, you may find such updates only on our website at InstaFxNg Mid day Free trading Signal for 03/10/2014 EUR/USD Buy @1.2570 TP @1.2600 SL @1.2555 Sell @1.2710 TP @1.2680 SL @1.2725 GBP/USD Sell @1.6230 TP @1.6200 SL @1.6245 Buy @1.6015 TP @1.6045 SL @1.6000 USD/JPy Sell @109.80 TP @109.50 SL @109.95 Buy @107.60 TP @107.90 SL @107.45 Also note that there will be economic news reports coming up on: USD Change in Non-farm Payrolls Monthly change in employment excluding the farming sector. Non-farm payrolls is the most closely watched indicator in the Employment Situation, considered the most comprehensive measure of job creation in the US. Such a distinction makes the NFP figure highly significant, given the importance of labor to the US economy. Specifically, political pressures come into play, as the Fed is responsible for keeping employment in a healthy range and utilizes interest rate changes to do so. A surge in new Non-farm Payrolls suggests rising employment and potential inflation pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely. The US Unemployment Rate Reflects the percentage of people considered unemployed in the United States. Unemployment is the single most popularly used figure to give a snapshot of US labor market conditions. Because the Federal Reserve is under strict pressure to keep unemployment under control, high unemployment puts downward pressure on interest rates, as the Fed will look to bolster the economy to remedy the employment situation. More generally, unemployment is indicative of the economys production, private consumption, workers earnings, and consumer sentiment. A lower unemployment rate translates into more employed individuals with paychecks, which leads to higher consumer spending, economic growth and potential inflationary pressures. Conversely, high levels of unemployment are connected with lower incomes, lower spending, and economic stagnation Both reports will come up by 1:30pm Nigerian time. Please trade with care during spike period. Have a nice trading day. Please the TP and SL levels should be decided by according to your money managment rules. THE PENDING ORDER METHOD IS THERE FOR YOUR USE. IT IS ADVISABLE TO USE TRAILING STOP TO CAPTURE SOME PROFIT! Find the Terms of Use for the Trading Signals here. Have a very profitable trading day! InstaFxNg Analysis Team
Posted on: Fri, 03 Oct 2014 09:51:02 +0000
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