Power Trading Workshop & Forex Market News
Power Trading Workshop
Learn our strategy designed to anticipate market moves and help you to plan trades that maximize gains while minimizing risk. Invest in an up coming Power Trading Workshop, where you'll learn:
- How to identify points where supply and demand are out of balance and price is about to move.
- The two common mistakes of the novice trader that may be costing you money—and how to avoid them.
- How to apply a simple rule-based trading strategy to any asset class including stocks, options, currencies and futures.
- How to build a successful trading plan for any time frame, from intraday to retirement planning.
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Introduction to Forex Training - 1 week
Ghana School of Forex offer 1-week intensive training to introduce people to the exciting and profitable world of forex and help them on their way to financial freedom. We offer forex trading courses for every one from housewives to security guides, students, professionals like teachers, lawyers, doctors etc. make some dollars by taking advantage of the economic situation,we award certificate after training and for those who would like to become seasoned stock brokers for financial institutions you can further your training to acquire diploma/degree to enhance your experience. we train you one-on-one no matter where you are in Ghana at the comfort of your home.
The programme requires no prior knowledge of trading or financial markets since we start with a beginners guide to financial markets and work from the bottom up.
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USDJPY Breaks Higher On US Initial Jobless Claims, Continuing Claims Data
Talking Points
- USD Continuing Claims comes in at 2207K vs. 2233K estimate
- USD Initial Jobless Claims has favorable 255K read vs. 278K estimate
- USDJPY climbs on back of favorable US jobs data
US jobs data for last week had a significant beat on expectations prompting a move higher in the USDJPY pair. US Continuing Claims reported 2207K vs. 2233K surveyed. The data did have a slight upward revision for last week by +1K to 2216K. Initial Jobless Claims declined -26K from last week posting a 255K read vs a 278K survey by Bloomberg News Economists. According to Reuters, US Jobless Claims are at their lowest level since 1973.
USDJPY experienced a slight surge on the back of the jobs data. The pair climbed from ¥123.80 to ¥123.92 in the 1-minute candle at 12:30GMT. The pair continued its break and is currently trading at ¥124. 08, at the time of writing.
Jobs data is an important indicator for the weekly labor market in the United States. Market participants look to initial jobless claims to gauge how many new individuals are seeking to receive state jobless benefits. Continuing claims on a week-by-week basis helps investors price how many individuals have received employment. A lower read on jobs data indicates a favorable economic outlook.
The Federal Open Market Committee will meet to discuss a rate decision next week just before US GDP figures for the 2nd quarter are released. Here’s the outlook for USD GDP:
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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