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US Non-Farm Payroll (Employment Situation) 02/August/2013Time of release: 12:30 GMTPrimary Pair Impact: GBPUSD, EURUSD, AUDUSD, USDCAD, USDCHF, USDJPY, NZDUSD, XAUUSD and USOILExpected Range: 170K - 190KPrevious: 195KEvent importanceIt's a leading indicator of economic health because it encompasses all major sectors of economy. Due to its deviation from market expectation more than usual compare to other economic indicators, market reaction are dramatic, and the information for investors is inva…
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CABLE Weekly Technical Outlook
Deciding on the way that you want to trade ‘The Cable’, this will walk you through a way of trading ranges. GDP to be announced just 24 hours away from now and testing a key resistance of 1.5400, a reversal in Cable’s move is expected.The weekly chart suggests a good move taken from the bottom and bouncing to 1.5400. Cable looks like respecting these levels. GDP is expected at 0.6% as compared to previous 0.3%. For Cable bulls it might be a bad day and retracement can extend up to 1.5100.What to…