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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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WEEKLY Technical Outlook on EURUSD
EURUSD made a low beneath 1.2800 but then respected trend line support level and bounced heavily on 10th July, 2013.Major factors of this abrupt appreciation were Bond auction and FOMC meeting. Continuous better news from Euro and USD’s weakness has brought the pair to a key resistance (1.3300) now.The cluster of resistances is seen near 1.3300 to 1.3330 which may not be breached easily. We expect EURUSD to retrace back to 1.305-1.31 being major supports in the coming days. Economic news to be …