Corporate Earnings, Federal Reserve and Non Farm Payrolls to Guide Forex and Stocks
by MarketBulls.net
This week, we will see some major moves in the market as the
corporate earnings season drives forex markets, the Non Farm Payrolls gives investors an idea about the labor market, and the latest US Federal Reserve meeting shows how much more Quantitative Easing we can expect in 2013. Currency trading signals will be generated by all of these events, as forex technical indicators change to reflect the evolving dynamics of this year’s markets.
Stock technical indicators will also be affected, as the S&P 500 trades near 5-year highs and negative economic data could create a renewed bear market in recession conditions. New traders looking for currency trading signals should consider practice trading before real money is put at risk. Go to www.marketbulls.net to open a demo account and start practice trading before you put your own money at risk.
Today’s Best Forex Trading Signals:
Today’s best forex trading signals show that the EUR/USD and the USD/JPY will see major changes after the next round of economic data releases. The best forex trading signals for today show that buy (long) positions should be taken at 1.3480 in the EUR/USD as the long term trend remains bullish. In the USD/JPY, look to buy at 90.30. Forex technical indicators are supportive for both positions, and currency trading signals are being generated in the directions shown here.