USD / JPY stops the recent strong bullish momentum near the very important 200-day SMA. Moderate USD price action appears to be the only factor that has triggered some profit taking. The underlying bullish sentiment in the markets weighs on the safe-haven JPY and helps limit the slide. The pair USD/JPY witnessed a modest setback […]
Tag: NFP
XAU / USD rises to new daily highs, around $ 1,810, amid weaker USD ahead of NFP
Gold regains positive traction on Friday amid a modest USD pullback. The underlying bullish sentiment could limit further gains from the precious metal. Investors could refrain from opening new positions before the NFP report. The oro (XAU / USD) has captured some buying at the start of the European session on Friday and has jumped […]
AUD / USD rises to daily highs around 0.7620 region amid weaker USD
AUD / USD gains some positive traction on Friday amid a modest USD pullback. Optimism about a stronger US economic recovery could help limit the USD’s slide. The reluctance ahead of the US NFP report could further limit the pair’s rise. The pair AUD/USD has moved higher at the start of the European session on […]
King Dollar Awaits Non-Farm Payrolls with Optimism on Vaccines, Growth and Stimulus
This is what you need to know to trade today Friday, February 5: The market mood is positive amid optimism about the US economy and stimulus and vaccines. Awaiting Non-Farm Payrolls, the dollar rises along with yields, while metals fall and cryptocurrencies are mixed. The Unemployment claims in the United Statess beat estimates by falling […]
The US dollar index turns negative around 89.70
DXY loses momentum and returns to levels below 90.00. US non-farm payrolls stood at -140,000 in December. The US unemployment rate was unchanged at 6.7%. The dollar, when measured by the US dollar index (DXY), it trades on the defensive and returns to the 89.70 / 65 zone. US Dollar Index Slashes Gains Following NFP […]
EUR / USD hits day highs near 1.2285 after NFP
EUR / USD rises to daily highs after bad NFP data. US nonfarm payrolls fell 140,000 jobs in December. The unemployment rate remained at 6.7%. EUR / USD reacted to the poor US employment data with a rebound that initially went lower, touching 1.2234, and subsequently headed higher, rising 50 pips to a day high […]
Jobs are reduced by 140,000 in December against expectations of an increase of 71,000
The December employment report showed a negative surprise, in line with what the ADP data had been, showing a drop of 140,000 jobs, compared to the market consensus which was for an increase of 71,000. However, a negative reading was being discounted following previous employment data released this week. The December reading was the first […]
EUR / USD finds support near 1.2210, focus on NFP
EUR / USD adds losses to Thursday’s well below 1.2300. The rebound of the dollar continues to weigh on the pair. The US Non-Farm Payrolls are the next big thing on the agenda. The bias offered is still good and solid around the single currency, dragging the EUR / USD to new lows in the […]
Tensions rise in anticipation of the NFP, the USD maintains gains
This is what you need to know to trade today Friday, November 8: The US dollar maintains its gains as bond yields remain high. Markets are focused on the December US employment report, which could be negative. President Donald Trump sent a reassuring message denouncing the chaos on Capitol Hill, potentially defusing tensions. Canadian labor […]
Markets shrug off Capitol assault, USD shaken by blue wave
This is what you need to know to trade today Thursday, January 7: Markets have been ignoring the assault on Capitol by supporters of President Donald Trump. Investors are focused on the Democrats’ victory in the Senate after the Georgia election, sending stocks higher. The dollar is split by the move away from the safe […]
