The single currency of the euro area

The single currency of the euro area rose above the 1.19 level per US dollar in the last week

The single currency of the European Union region rose nearly 1 per cent during the US session, the highest level since September 22 against the US dollar, following economic developments and data followed Friday by the economies of the eurozone and its US economy, the world's largest economy.

At 5:33 pm GMT, the EURUSD rose 0.75% to 1.1940, compared to the opening at 1.1850 after the pair hit a two-month high of 1.1941, while the session's low was at 1.1837.

We have followed the German economy reading the IFO Business Climate Index, which showed an expansion of 117.5 against expectations in October, following a statement by ECB member Daniel Mwai earlier in the day that the European central banks to intensify their efforts to control On the non-performing loans, pointing out that the European Central Bank began to assess the performance of banks to address bad debts and that the debt should be assessed for each bank separately, adding that banks are currently suffering from a lack of profitability.

On the other hand, we followed the US economy to reveal the preliminary reading of the PMI for the month of November, which showed a contraction of the breadth of 53.8 compared to 55.3 in October, contrary to expectations at 55.5 This comes amid weak liquidity levels after The US market was absent on Thursday due to the Thanksgiving holiday and on the eve of the early closure of the US market in the shadow of the start of the holiday season in the United States.

USD / CAD re-testing - Analysis - 24-11-2017

USD / CAD re-testing - Analysis - 24-11-2017

The USD / CAD pair is retesting the previously breached 1.2723, with Stochastic reaching overbought areas, noting that SMA 50 meets the mentioned level to add more strength to it.

Therefore, we believe that opportunities are available for resuming the downside move in the coming period, waiting to break the 1.2665 level to facilitate the move toward our first target at 1.2470, taking into account that a breach of 1.2723 - 1.2740 will stop the suggested decline and push the price to visit 1.2927 areas. .

The trading range for today is expected among 1.2620 support and 1.2780 support

The general trend for today is bearish

Australian Dollar Maintains Negative Stability - Analysis

Australian Dollar Maintains Negative Stability - Analysis - 24-11-2017 The AUDUSD extended sideways trading yesterday, steady below 0.7633, and negative pressure remains intact, supported by the negative signal appearing on Stochastic, pending a resumption of the bearish bias targeting 0.7516 initially. Recall that breaking the mentioned level will push the price towards 0.7415 as the next major station, while breaching 0.7633 will push the pair to test 0.7727 before any new attempt to decline. The trading range for today is expected among the support at 0.7520 and the resistance at 0.7680 The general trend for today is bearish

EUR / JPY is strongly influenced by the moving average - analysis

EUR / JPY is strongly influenced by the moving average - analysis - 23-11-2017 




 Even though the pair provided several negative closures below the stable resistance at 132.30, but forming the SMA 55 for initial support around 130.85 is a strong barrier to resuming the negative attack. We expect the pair to provide additional sideways trading until it consolidates a new negative trend, thus breaking the current obstacle. And then be drawn towards the main negative target around 129.80. 

 The trading range for today is expected between 132.30 and 130.85 The expected general treeved

GBP vs. JPY without any new-analysis

GBP vs. JPY without any new-analysis -23-11-2017

The pair is constantly losing its bullish momentum, forcing the pair to provide additional bullishness around 148.30, so we will wait for the pair to consolidate the bullish momentum needed to resume the positive attack targeting mainly 150.00 and 151.50 respectively.

We would like to point out that the attempt to drop the price without support centered at 147.35, it will postpone the bullish momentum to expect the start of the formation of the corrective trades may push it to reach around 146.60 and 144.30, respectively.

The trading range is expected between 147.35 and 150.00

The general trend for today is bullish.

Currency Correlation: What Is It?

?Currency Correlation: What Is It

The capacity to comprehend compelling components is indispensable to your prosperity as a cash broker. You have to decide the affectability level of specific monetary standards, and also the cash sets, in your portfolio; doing as such gives you a chance to stay away from overexposure, perceive enhancement openings, and twofold beneficial positions. 

Keep in mind, monetary forms are exchanged sets and a solitary cash in a couple can be matched with an alternate money; they are for the most part related. On the off chance that the estimation of one cash combine is influenced, it implies that the estimation of the other match is influenced, as well. The way that monetary forms are reliant on different monetary forms is beneficial. 

Characterizing Cash Connection 

The subject of cash connection illuminates you on money reliance; there are money combines that seek after a comparable heading and there are money matches that move in inverse ways. For example, with the Swissie or the money combine USD (or the US Dollar) and CHF (or the Swiss Franc), it is known to be corresponded to the cash match EUR (or the Euro) and USD. In the event that value development is noticeable in EUR/USD, you can expect value development in the 

USD/CHF match. 

Relationship Coefficient 

Concerning money connection, the dialog on the relationship coefficient is tended to; it stresses that cash connection can be either positive or negative. It is implicative of the three run of the mill developments of a specific corresponded combine: (1) they can move a comparable way entirely 100% of the time, (2) they can move in inverse ways entirely 100% of the time, and (3) they can move arbitrarily. Whenever ascertained, the figure extends between +1, 0, and - 1. 

The Requirement for Updates 

Note that the money connection changes after some time; truth be told, as indicated by an investigation done by BIS (or the Bank for Global Settlements), it can change every day. The modification is because of the general dealer feeling, and additionally different worldwide components (e.g. financial arrangements, ware costs, political undertakings). There might be solid connections, however it doesn't imply that the quality of the reliance will dependably remain. 

For here and now brokers, swinging to relationship tables much of the time (or before an exchanging session starts) is prompted. Despite the fact that they might go for the age of least benefit, knowing the present relationship information can give them more precise positions. 

Also, for long haul brokers, it is prescribed to survey money connection tables like clockwork. This gives an unmistakable point of view of the relationship status of money matches paying little mind to the effect of various financial variables for a six-month time span.

Boss's Day 2018

Boss's Day is generally observed on or around October 16 in the United States. It has traditionally been a day for employees to thank their bosses for being kind and fair throughout the year. This day was created for the purpose of strengthening the bond between employer and employee.

HISTORY 

Patricia Bays Haroski registered "National Boss' Day" with the [[U.S. Chamber of Commerce]] in 1958. She was working as a secretary for State Farm Insurance Company in Deerfield, Illinois, at the time and chose October 16, which was her father's birthday. She was working for her father at the time. The purpose of designating a special day in the workplace is to show the appreciation for her bosses she thought they deserved. This was also a strategy to attempt to improve intra-office relationships between managers and their employees. Haroski believed that young employees sometimes did not understand the hard work and dedication that their supervisors put into their work and the ^[1] Four years later, in 1962, Illinois Governor Otto Kerner backed Haroski's registration and officially proclaimed the day.^[2]

Hallmark Cards did not offer a Boss's Day card for sale until 1979.^[3] It increased the size of its National Boss's Day line by 28 percent in 2007.^[4]

However, there has been increasing pushback on the "celebration" of Boss's Day. The general consensus of those opposing is that employees should not feel obligated to purchase gifts for their employers who have more power and generally make more money, and that any gift-giving in the workplace should flow downward.^[5]