Once again, as on every first Friday of every month in recent months, the Non-Farms Payroll figures gave little indication of where the economy might be heading, and gave no real indication of the effects on the currency markets.

U.S. non-farm payrolls slumped 85K in December after rising a revised 4K in the previous month amid expectations for a flat reading, while the annual rate of unemployment held steady at 10.0% for the second consecutive month.

Initially, the Dollar weakened heavily against the Euro on the disappointing figures, and despite a significant retracement in the afternoon, ended up closing at 1.4416. The Dollar faired slightly better against the Pound and by the end of the day finished pretty much flat on the day, at 1.6025.

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There are a multitude of commercial MetaTrader Expert Advisors on the market today.  So how should you go about choosing which is the right EA for you?

The first thing to check is that the EA has been thoroughly backtested.

For more information about MetaTrader EAs, and the options for forex hosting for MetaTrader EAs, head over to our sister site, The Forex Village, one of the leading forex portals,  at http://www.theforexvillage.com.

As many of you will already know, the National Futures Authority (NFA), the US reulatory body which regulates forex brokers based or operating in the US, have recently introduced new rules governing the operation of retail forex brokers. These are set out below.  For more detailed information, ygou can go to the NFA website at [...]

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