Forex Trading Live Update, Friday 3rd August

by Joe Oliver, Forex Trading-Pips

The US dollar fell versus most major currencies on Friday after U.S. employers added more jobs than forecast in July while the unemployment rate rose to a five-month high. Non-farm payrolls came in at 163,000 jobs created last month, which was above expectations of 100,000.

USD.CAD broke through parity following release of the Nonfarm Payroll numbers with the ‘loonie’ headed for its 4th straight week of gains versus its US counterpart.

We are currently short USD.CAD in the daily Intermarket Component of our Forex Signals program with +200 pips accumulated open profits. Our short entry is marked on the chart below by the red down pointing arrow as transmitted to our Signals subscribers in real time on 24th July 2012. Please click chart to enlarge.

USDCAD Forex Intermarket Signals Daily Bars

USDCAD Forex Intermarket Signals Daily Bars



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