Being a technical trader myself I spend hours in fine tuning my technical analysis in order to predict future price reaction at different levels, zones etc. However, as a trader we also need to be aware of fundamental aspect of currencies we are trading. Here are succinct summations of events for week ending May 2, 2014
Positives:
1. April Nonfarm Payrolls came in at 288k, well ahead of the 210k expected.
2. Unemployment rate fell to 6.3%, down from 6.7% last month — lowest number in five years…
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