US just open. Seems playing a fool there and trying to fool amateur to believe EUR/USD going up. USD/JPY on support, Dollar Index on bottom and support, market no liquidity, no intention to end up higher on price action. Don't think it will goes up just like that.

Normal day maybe yes, but Easter Monday, too low liquidity to trade on no Price Actions move. I thought to trade DAX earlier, the spreads are just too much today. 7 pips, crazy. Otherwise I have traded it. US have bad news that day, no reason those indices to goes down on Friday. Just don't have enough ball to trade it for recovering back to Friday price.

Anyway, just my personal opinion on EUR/USD. I just don't think we have enough market participant today to push the price go higher. I expect it to break down maybe back to 11,000 or playing at this area and call it for a day.

[attachmentid=4413293]

I don't understand. Time announcement is 1030 but why results is already out? Gain a 50+pips here btw. This unemployment change is the data of no people working or people get back to work? Why lower number is better? Sorry as I post this kinda thing here. Trying to learn and establish myself here also.

So the DST should be On or Off?

Interest rate;

In my opinion, increasing or lowering interest rate is an indicator to the current economic of particular country.
One of the function on interest rate increases is to curb high inflation. you have to do extra homework on interest rate & inflation...

Conclusion, if US increase its interest rate; it is a good sign that the economy is doing good thus increase the demand of usd and it stocks. Otherwise, decreasing interest rate will show the economy is having difficulty thus lowering rate will encourage borrowing, more money to spend and in theory will stimulate growth..

How does one gain an education? From books with walls of text.. not a simple diagram and forex is no different.

Learning the data do help, but the reaction of the market on the data is the key for your profit.