Nonfarm Payrolls in the USA

On the first Friday of every month, the United States releases the highest impact economic data that can lead to especially volatile markets on the EUR/USD currency pair.

Today's Nonfarm payroll has particular importance due to the recent loss in value of the Euro currency against the US dollar. The Euro is now nearing parity after a disastrous 10 months for the single currency.

The EUR/USD pair is now trading at 1.09677, it's lowest rate in recent years. With the issues that the European economy is facing, recovery in EUR/USD is based on any weakness in the US dollar.

The nonfarm payrolls data is released on the first Friday of every month by the US Department of Labor and shows the number of people on the payrolls of all non-agricultural businesses. The monthly changes in payrolls can be excessively volatile and can lead to volatility in Forex markets and especially on USD based pairs. 

Today's Nonfarm figures that are to be released at 13:30 GMT are expected to show a decrease on February 2015 figures. The general consensus for today is around 240K, when comparing to the figures from the previous month of 257K, the decrease of 17K (-6.61%) may give the Euro a slight hope of recovery.

Traders must note, the markets can be highly volatile during the Nonfarm Payroll event with large increases or decreases in EUR/USD value, trade with caution.

To make sure you're aware of all high impact forex news, please visit our economic calendar that also displays expectations and previous results: http://www.yadix.com/forex-trading-community/economic-calendar/

Yadix Remains the Preferred Broker for Expert Adviors

Business as usual at Yadix with unchanged, favourable trading conditions!

Yadix is pleased to announce that the extreme Forex volatilitycaused by the recent decision taken by the SNB to remove the capping of the Swiss Franc vs. the Euro has strengthened our position in the market and we are proud to say it's business as usual.

This volatile and unprecedented event has caused many Forex brokers to close their doors. Others that have survived have implemented dramatic changes to trading conditions and asset classes offered to their clients.

Yadix, on the other had  has proven that its longstanding reputation for providing fair and transparent trading provides stability to all clients, and our favourabletrading conditions remain unchanged on all asset classes.

Our clients can benefit from unrestricted trading that includes leverage up to 1:500, no limits or levels on order opening and true STP execution that delivers speed and anonymity for high frequency traders, Expert Advisors, Scalping Forex and News traders.

                                                                                                  

If you have been affected by the recent uncertainty and are looking for a stable and reliable broker that offers quality execution and conditions to suit your trading style, please feel free to speak with one of our support professionals.

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European Central Bank Meeting 22/01/2015 - What to Expect

The European Central Bank has complete control over monetary policy over the thirteen member states in the Euro Zone. Each month the ECB meets to keep inflation within the targeted levels.

Regardless of the ECB decides to raise, lower or maintain the interest rate levels, the decision always has an effect on Euro related Forex pairs. 

When the ECB increases the interest rates:

When the interest rate is increased, the ECB is selling government securities to large financial firms and these firms are paying for the securities in the Euro currency. This reduces the amount of the currency in circulation and decreasing supply to raise demand, and subsequently increasing the value of the currency. 

When the ECB decreases the interest rates:

In this case, the ECB floods the market with the Euro currency, which is done by purchasing government securities from financial companies. These transactions are paid for in Euro and therefore, increasing the amount of Euro in circulation.  because supply increases, the value decreases. 

How do Forex markets react to ECB interest rate decisions?

Before the interest rate decision is released, many traders operate in the market bases on rumours and speculation. This can create volatility even days before the decision is due. This in turn creates market movements that are ideal for scalpers and intraday traders. 

After the decision from the ECB, If the market’s expectations are different from the actual rate decision from the ECB,  there can be some excellent trading opportunities for savvy traders. 

For example, if there is an interest hike expected, but the ECB decides to cut the rate, there is a window of 1-2 hours where selling the Euro can be successful.

On the other hand, if there is a cut expected, but the ECB decides to increase the interest rate, traders may want to place a short-term long position on the Euro for 1-2 hours to benefit from the expected price movement.

Yadix Forex Broker provides retail and institutional traders the trading environment and conditions for clients to benefit from such high impact news releases. Benefits include core (inter-bank) pricing from 0.1 pips, fast execution and no-conflict trading with 100% anonymity for strategy protections.

Happy New Year From Yadix.com

Happy New Year to all Yadix clients, partners and associates.

2014 was a successful year of business and helped Yadix.com to again strengthen its strong reputation as a leading, true STP Forex broker servicing clients from around the world with fair and transparent trading conditions.

During 2015, we are planning some exciting business development advances that are of course focused on providing even better trading conditions, options, rewards and above faster and more accurate Forex trading so that our clients can really benefit their strategies on the real Forex markets.

In particular, we will be focusing on the costs to our clients by continuing to focus attention on adding more liquidity strength to trading at Yadix.com and at the same time, bettering the already tighter spreads and execution speeds. We understand that conditions and execution for Forex traders are the most important aspects of choosing a Forex broker and we are committed to continual improvements in these departments.

Current TradingBenefits Include:

ZERO limits/levels on your S/L, T/P

Zero market distance levels or limits allows all Stop Loss, Take Profit and pending orders without and limitations. This also allows scalpers to open and close orders in the same second.

True STP Trading Experience

Price aggregators match and execute orders, using fibre-optic connectivity directly to global banks and financial institutions without dealing desk manipulation.

Smart Order Routing & Aggregation

The MT4 Bridge connects Forex traders to our advanced Smart Order Routing and Aggregation Engines with the capacity of executing thousand of orders per second.

Supporting Profitable Trading

Our unique no conflict of interest infrastructure, leading technologies and trading conditions makes Yadix.com ideal for profitable trading systems and strategies.

                                                                                                                                                                             

Transparency & Anonymity

Client’s positions are protected with 100% anonymous execution to execution venues (Liquidity Provider) to protect all strategies.

Market Execution - No Re-quotes

Orders are filled to inter-bank FX exchanges on a “Fill or Fill” basis with no last look and no re-quotes. No dealing desk intervention provides complete pre and post-trade transparency.

Best Bid/Ask Pricing

As yadix.com is connected to multiple inter-bank exchanges and execution venues (liquidity providers) allows clients to take advantage of best Bid/Ask institutional level pricing, with floating core spreads from 0.1 pips. Prices are feed continuously to ensure the spread remains competitive during all market conditions.

Should you have any questions about trading with Yadix.com or have any strategy related questions, please feel free to contact our professional support team who will be more than happy to answer all queries.

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The Medium-Term Future of EUR/USD Trading

Today we look at the short to medium-term future of the most traded pair of EUR/USD and the Forex Trend is expected to take shape. 

Headline: EUR/USD is set to stay trading in the medium-term range around 1.2230.

The medium-term range of the EUR/USD pair is expected to trade at 1.2230 and a break below could lead to the pair reaching a low of around 1.2042 levels. 

Generally, we would expect to see some buying action around the price levels  of 1.2230, however a break below this could lead to further weakening and a drop to 1.2042 which is the low of 2012. 

Moreover, if EUR/USD breaks below 1.2042, predictions are set to a level of 1.1876 which is the June 2010 low.

Technical Analysis of the EUR/USD currency pair suggests that resistance is set to 1.2353 initially and then 1.2362. 

On the upside, a breakthrough of 1.2470 is required for the price action to return to levels of 1.2517 and potentially 1.2533 

Economic Data releases have high impacts on the Forex markets and can create volatile market conditions for traders to take advantage of.  

EUR/AUD trades at 1.531 levels, up 0.70% on the day

Today's Daily Forex Trend Report Focuses on the 9-month high of EUR/AUD 

What's Trending: EUR/AUD trades at 1.531 levels, up 0.70% on the day.

+ Headline: The single currency (Euro) advanced strongly against the Australian dollar after better data was released from the Euro zone yesterday that supported the Euro. 

Currently, the EUR/AUD trades at 1.531 levels, up 0.70% on the day. Since the start of December, the pair has risen from 1.46130 to today's high. EUR/AUD pair has gained largely due to sharp losses in the AUD/USD pair, which took the pair down to lowest levels since May 2010. The Euro is expected to remain supported against the Australian dollar due to no major economic releases during the European session.

Projection after Analysis: The pair has immediate resistance at 1.54 levels, above which gains could be extended to 1.5491 (Feb 2014) levels. Support is seen at 1.5243 (10-day SMA), below which it could extend losses to 1.5223.

Click here to read more Daily Forex Trend Reports

EUR/USD might experience big sell-off below 1.2370

What's Trending: EUR/USD might test 1.2370

EUR/USD might test 1.2370 levels today and a break below could see a big sell-off in the pair to around 1.23.

An effort to break above 1.24 levels was rejected today after hitting a high of 1.2414 levels, EUR/USD is now trading at around 1.2395.

Charts show that EUR/USD has fallen below the 38.2% retracement level of the uptrend on the hourly chart. The hourly RSI as well as the daily RSI are bearish and therefore, the pair could reach the levels of 1.2370, that is also the neckline support of the head and shoulder formation and the 50% retracement level of the uptrend on hourly charts. The sell-off could be magnified if EUR/USD breaks below 1.2370, and could lead to targets of 1.2340 and 1.23 levels.

In the event of a crossover in the range of 1.2382 and 1.2374 could lead to demand for the Euro and lead to an upside in the pair that will be capped at 1.2430-1.2440 levels.

What to Expect: EUR/USD might test 1.2370

Projection after Analysis: Breaks below 1.2370 could lead to targets of 1.2340 and 1.23 levels


Read more Daily Forex Trend Reports under trading Tools, Forex Trend Reports on the Yadix website.