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The very good US nonfarm payrolls pushed EUR/USD down today. Yet currently the currency pair attempts to rebound after the construction spending report provided the reading that was much worse than predicted. EUR/USD trades now at 1.4093 after it dropped earlier to 1.4064.

US nonfarm payrolls grew …

US regulatory authorities — CFTC and NFA — proposed a new initiative today. The main idea of their proposal is to monopolize the retail Forex market by the government. All the existing registered US brokers should be nationalized and, as a result, a single Washington-controlled foreign exchange dealing body is to be created. …