Sterling plummeted to 1.2133 once the NFP figures were released. US November Nonfarm Payrolls beat estimates and wages rose. Traders focus on Chicago Fed’s Charles Evans speech around 15:00 GMT. The pair GBP/USD it tumbled from near 1.2290 close to 100 points on a better than expected US labor market report, suggesting more central bank […]
Joshua
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
Dollar index regains smile and 105.00 after strong NFP
Index rebounds from multi-month lows after NFP. The US economy added more jobs than expected in November. A 50 basis point rate hike continues to be favored despite strong payrolls. The dollar, in terms of the index of USD (DXY)quickly recaptured the area above 105.00 after another good result in the US Non-Farm Payrolls on […]
Gold Price Forecast: XAU/USD corrects from multi-month high and falls to $1,780
Gold price pulls back sharply from a multi-year high in reaction to upbeat US jobs data. Rising US Treasury yields trigger a short covering move for the dollar. The risk aversion momentum fails to impress the bulls or support the safe haven XAU/USD. the price of gold It struggles to find acceptance above the technically […]
EUR/USD corrects sharply towards 1.0425/30 after NFP figures
EUR/USD looks offered in the 1.0425/30 zone after NFPs. US Nonfarm Payrolls surprised to the upside in November. The unemployment rate remained at 3.7%. The EUR/USD is coming under further downward pressure and is currently trading at the 1.0425/30 area following Friday’s US jobs report. The EUR/USD pair is picking up selling pressure after the […]
USD/JPY jumps almost 200 pips towards 136.00 after US jobs data.
The dollar rises throughout the market after the data. The yen falls on all fronts affected by the rise in Treasury yields. USD/JPY rises strongly from lows in three and a half months. The USD/JPY soared after the release of the US official November jobs report which showed figures above expectations. The pair climbed almost […]
Canada: Jobs increase by 10,100 in November, full-time jobs jump by 50,700
Net change in employment: +10,100, just above the 5,000 expected. Unemployment rate falls to 5.1%, against the expected 5.3%. The loonie falls against the dollar but rises against the rest of its rivals. The Canada employment report November generally presented figures that were better than expected. The net change in employment was positive at 10,100, […]
US: Non-farm payrolls rise in November by 263,000, beating expectations
US economy creates 263,000 jobs in November, exceeding the 200,000 expected. Unemployment rate remains at 3.7% The dollar jumps after the data cutting weekly losses. The official employment report for November in the United States showed figures above expectations. The non-farm payrolls, which was expected to increase by 200,000, rose by 263,000. In turn, the […]
USD/JPY Price Analysis: Holding near multi-month low, below 200-day SMA prior to NFP
USD/JPY plunges to a fresh multi-month low on Friday amid a sustained USD selling trend. The break and acceptance below the 200-day SMA supports the outlook for further losses. However, the bearish pressure eases amid oversold conditions and ahead of the NFP. The USD/JPY pair extended its downtrend for a fifth straight day on Friday, […]
EUR/USD Price Analysis: With chances of further gains in the short term
EUR/USD continues to advance to hit fresh 6-month highs near 1.0550. A further rally could put the 1.0614 level back on the radar. EUR/USD remains bullish and pushes towards fresh highs near 1.0550, a zone last seen in late June. Gains in the pair are likely to rally after the breakout of the 200-day SMA […]
DXY Price Analysis: Immediately to the downside appears 103.40
The index loses more ground and falls back to minimums in several months. Further weakness could force the dollar to test the 103.40 zone. The dollar index (DXY) loses ground for the third session in a row and revisits the 104.30 area on Friday. Continued selling pressure could lead the dollar to accelerate losses and […]
