This is what you need to know to trade today friday september 2: Buoyed by encouraging macroeconomic data releases in the US, the Dollar Index (DXY) reached its highest level in almost two decades on Thursday, around 110.00. With investors stepping back in anticipation of the US August jobs report, DXY consolidates gains near 109.50. […]
Tag: NFP
Gold Forecast: XAU/USD Loses $20 From Daily Highs Following US Jobs Data
The price of gold extends its gains to three consecutive weeks, rising 0.54%. Stellar US jobs data puts more pressure on the Fed, while next week’s CPI is expected. The disputes between the United States and China add more uncertainty to the global economic outlook. Gold prices remained on the defensive late in the American […]
GBP/USD falls below 1.2100 after US NFP report.
GBP/USD is set to end the week with heavy losses of 0.78%. US labor data poured a jug of cold water on recession fears ahead of next week’s CPI. BoE Pill: The bank will reach its inflation target, but “it will take some time”. The pair GBP/USD hit a new weekly low of 1.2002 in […]
AUD/USD falls to two-week lows below 0.6900
AUD/USD has been hit by the strong NFP headline. Price is taking the 4hr support, a break of that opens up the risk of a deeper run below the counter-trend line to test the 0.68 figure. The AUD, sensitive to risk tones in the financial markets, has been affected by the doubling of market expectations […]
Dollar index rises to multi-day highs near 107.00
The index gets extra pace after July’s NFPs. The US economy created more jobs than expected last month. The US unemployment rate fell to 3.5% in July. The USD, in terms of US dollar index (DXY)accelerates the gains until reaching new monthly highs around 107.00 on Friday. US dollar index is buoyed by payroll figures […]
USD/JPY approaches 135.00 amid dollar strength inspired by NFP report
USD/JPY recovers to a one-week high in reaction to stellar US jobs data. The US economy added 528,000 jobs in July and the unemployment rate fell to 3.5%. The risk aversion momentum does not benefit the JPY, which is a safe haven, nor does it hinder the strong move higher. The pair USD/JPY receives aggressive […]
USD/CAD rebounds to two-week highs after US and Canadian data
USD/CAD has been helped by the release of monthly US employment data. The US economy added 528,000 jobs in July, and the unemployment rate fell to 3.5%. The dismal Canadian jobs report overshadows the rebound in oil prices and does not benefit the loonie. The pair USD/CAD capitalize on the positive movement overnight and gain […]
Dollar soars after US jobs report; metals crash
US labor market data beat expectations. Wall Street fell sharply and the dollar soared. Rise in Treasury bond yields pushed gold down. The dollar jumped on all fronts after learning of a higher-than-expected rise in non-farm payrolls for July. At the same time, stocks and Treasury bonds plummeted. DXY climbed to 106.75 and is approaching […]
EUR/USD under pressure after the NFP report, touches the 1.0170 level again
EUR/USD begins a deeper correction after July’s NFPs. US nonfarm payrolls increased by 528,000 jobs in July. The unemployment rate dropped to 3.5%. The EUR/USD accelerated its decline to the 1.0170 area after the release of the US employment report for July. EUR/USD weakens after strong US jobs report. EUR/USD remains on the defensive on […]
US: Non-farm payrolls rise by 528,000 in July, far exceeding expectations
Nonfarm payrolls up 528,000 vs. 250,000 expected. Unemployment rates fall to 3.5% against 3.6%. The dollar rises throughout the market after the data. Figures from the US July jobs report beat expectations, giving the dollar a boost. The nonfarm payrollswhich was expected to rise by 250,000, had an increase of 528,000. The unemployment rate it […]