Are you following the FOREX.com Research Team on Twitter? If not, you are missing up to the minute updates about market moves, insight in to what, when, why, and where of market moves, as well as links to easily accessible published material as soon as it is finished. Just in case you missed some of our most popular tweets of the week, here’s a Top 5 countdown to catch you up to speed.
5. 6 RETWEETS AND 7 FAVORITES = 13 ACTIONS
Non-Farm Payrolls release is usually one of the most popular subjects during any given month, but the circumstances that led the Bureau of Labor Statistics to release the important employment measure on a bank holiday this month led it to be much less scrutinized. In the end, Matt’s prediction of a worse than consensus result ended up winning the day, but the 126k result was even more depressing than he predicted.
4. (tie) 12 RETWEETS AND 3 FAVORITES = 15 ACTIONS
While the USD did have some strength to start the week, it was beat down mercilessly by the end of the week with the dismal NFP release. Kathleen’s highlight of the US Dollar Index was spot on as March came to an end, but April make USD bulls look like fools.
4. (tie) 11 RETWEETS AND 4 FAVORITES = 15 ACTIONS
There is still a lot of room for movement in this pair that Matt pointed out on a weekly chart. The weakness in the GBP overall is still very much a concern as we head in to next week.
3. 8 RETWEETS AND 9 FAVORITES = 17 ACTIONS
Almost as if on cue after I published this article, WTI rallied up to the $50 level before falling back down toward $48 after the Iranian nuclear deal was announced. However, the decline didn’t accelarate and has actually paused near $49 to end the week. With the dismal NFP and potential flood of oil from Iran, opposing forces will be trying to influence this popular commodity as we come back from the Easter holiday break.
2. 9 RETWEETS AND 9 FAVORITES = 18 ACTIONS
Clearly Gold does glitter in the eyes of Twitter followers who decided to share this article. My contention that the yellow metal would rise to 1210 fell just shy as it only rallied up to 1208.8 before falling back below the 1200 level. Nonetheless, it poked its head back above 1200 before it closed for the week and will surely be watched once the new week kicks in.
- 1. 12 RETWEETS AND 7 FAVORITES = 19 ACTIONS
Just like last week, one of the four major currency pairs took top billing amongst our Twitter followers and justifiably so as this pattern performed as advertised. Granted, it didn’t really deliver until NFP was released this morning (the article was published on Monday), but those who had the patience to see it through were likely very satisfied by the result.
Did one of your favorite Tweets or Tweeters not make the cut this week? You can have an influence by making it a FAVORITE or RETWEETING it and sharing it with the world. Every little bit counts, and maybe you will be the difference maker in next week’s results!
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