Forex Tips and Tricks

Dollar Remains Lower as Government Impasse Continues and Other Top Forex News

The U.S. dollar fell against most major currencies on Friday, as the government shutdown continued for a fourth day, with no sign of a breakthrough. There was no data released today due to the shutdown. The U.S. Labor Department was scheduled to report today, but said yesterday that Septembers report will not be released as normal and failed to set a new release date. Markets are also concerned how the U.S. political deadlock will impact negotiations......

EUR/AUD “Could Fluctuate” Are any other traders sick of analysts whose view is that a currency “could fluctuate”? When you read or hear “on the one hand…..but on the other hand” the response has to be “thanks Einstein”, because what the analyst is really saying is that they have no clue, or no cojones – or both. However, traders don’t need a directional view to trade where they recognise a good reward to risk set up. The EUR/AUD 4-hour chart is......