The ADP and ISM leading indicators employment

May 11, 2015

General overview

The ADP and ISM leading indicators employment, published last week, have not identified the trend, taking into consideration the manufacturing sector employment decrease as well as the ADP data output at the level of 169 thousand.

However, it is not necessary that the traders will actively sell the US dollar. Firstly, the labor force growth by 200 thousand per month is a positive factor for the US economy. Secondly, the debt and the commodity markets dynamics indicate the bullish sentiment predominance within the US dollar.

The price is finding the first support at 1.1150, the next one is 1.1050. The price is finding the first resistance at 1.1260, the next one is at 1.1450.

There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a positive territory. The price is correcting.

Trading recommendations

The approach to the level of 1.1260 may lead to a price rebound down. The potential rebound targets are the support levels of 1.1150, 1.1050.

Publication source
Fort Financial Services information  Fort Financial Services reviews

September 28, 2016
Asian shares traded in green as Europe slowly plunges
US Dollar can't get out of the range of 95.00-95.50 after the FED has investors waiting for the results of Algiers meeting, where Oil officials will try to work out measures to level energy market volatility...
September 28, 2016
Sagging Fed expectations
As discussed yesterday, markets will increasingly obsess about the US election over the coming few weeks, but beneath that the economy will determine if the Fed hikes interest rates before the year is out...
September 28, 2016
Market volatility on a comeback
Financial markets may experience extreme levels of volatility in the coming weeks as the catalytic combination of sporadic oil prices, ongoing Brexit anxieties and anticipation ahead of the U.S presidential election leave investors on edge...

Grand Capital Rating
FIBO Group Rating
Vantage FX Rating
OANDA Rating
FXCM Rating
Orbex Rating

EZTrader Rating
IQ Option Rating
TropicalTrade Rating
OptionFair Rating
Anyoption Rating
Porter Finance Rating