Forex Videos

The Wall Street finished Friday's trading in the green with Nasdaq rising by 0.59%, S&P 500 by 0.46% and Dow adding 0.52% to its value. The US Dollar traded mixed versus its major counterparts as a result of low Non Farm Payroll which came out at 217K vs. 219K. However this was overshadowed by a stronger Unemployment rate at 6.3% vs. 6.4% forecast Higher demand for US DOllar is expected. Gold fell by 0.06% to close at $1,252 an ounce. Crude oil rose by 0.18% to close at $102. The Euro fell versus US Dollar despite an encouraging German Trade Balance. Investors turned to the US Dollar after a disappoiting French Government Budget Balance. Technically EUR/USD is trading above the support of 1.3585. Holding these conditions may lead the pair to 1.37 and breaching above resistance may lead it towards 1.3550. The Pound traded almost unchanged against the US Dollar led by an unchanged Consumer Inflation Expectations report. As long as GBP/USD is trading above the bullish trend line a rise to around 1.6850 is likely. However breaching below this line may indicate the start of a negative momentum.