Demo Trading Account Open a Live Account Deposit Funds Account Forms FXDD Home
Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex News: Dollar rallies as some explanations for the jump in unemployment rate surface

Posted by Greg Michalowski on Fri, 06/06/2008 - 8:20am in

There is a report that the unemployment rate might have been influenced by a quirk in the calculation revolving around teenagers.  Excluding the issue, the unemployment rate reportedly would have been lower.  The story seems to be getting some traction. 

The EURUSD broke below the first support level of 1.5652 but held above the the 1.5637 support level.  These levels still are important intraday in determining the trend going forward.