The major US indices opened higher and moved even higher in the early trading for the day. Stocks are reacting to lower yields with the 10 year now down -7.4 basis points. The thirty-year is down -3.7 basis points.A snapshot of the market 12 minutes into the open and...
Weekly Market Recap (31-04 August)
Monday:Fed’s Kashkari (hawk – voter) kept the door open for a rate hike in September as the FOMC remains data dependent:Not sure when the Fed will be done raising interest rates, making good progress. Will let the data guide the Fed, may or may not raise rates in...
EURUSD breaks above 200 hour MA at 1.10037.Buyers taking more control in the short term.
EURUSD was above it 200 hour moving averageThe EURUSD is now breaking above its 200-hour moving average at 1.10037. The 50% midpoint of the move down from last week's high comes in at 1.1030 and is the next upside target. The high from last Friday and Monday came in...
Euro rises above 1.10 as US dollar broadly weakens, USD/JPY falls below 142.00
The US dollar is broadly slumping as Treasury yields fall and dollar bulls take profit. The soft non-farm payrolls headline is winning the day and there's a UBS note circulating (aided by Nick Timiraos) that argues that next month's average hourly earnings number will...
GBPUSD tests 100 hour moving average and 38.2% retracement of move down from July 27 high
GBPUSD tests a key swing area, moving average, retracementThe GBPUSD is testing - well now breaking above - a key target area defined by the 100-hour moving average at 1.2756 and the 38.2% retracement of the move down from the July 27 high at 1.27628. A swing area...
USDJPY falls to a new session low
USDJPY moves down toward the swing area supportThe USDJPY traded briefly above its 100-hour moving average after the jobs report. The high price reached 142.89. The 100 hour moving average is at 142.812. The price of the USDJPY has since reversed lower and traded to a...
The bond buyers were waiting
The US dollar is slumping hard following today's non-farm payrolls report. The headline was a touch soft and revisions were negative so there's a reason to sell the dollar. At the same time, the wage numbers were hot and that will give the Fed some indigestion as they...
EURUSD extends above its 100 hour moving average. Can it stay above?
EURUSD moves above its 100 hour moving averageThe EURUSD is moving to the upside after the US jobs report showed a little bit weaker nonfarm payroll. The unemployment rate remains low at 3.5% versus 3.6% last month. Average hourly earnings were higher than...
July Jobs Report: Payrolls Rise by 187,000, Driving Action in Gold, US Dollar
JULY LABOR MARKET REPORTJuly U.S. nonfarm payrolls at 187,000 versus 200,000 expectedUnemployment rate ticks down to 3.5%, one-tenth of a percent below consensus estimatesGold rises while the U.S. dollar slides following the release of the employment report...
Canada July employment change -6.4K versus 21.1 K estimate
Canada employment changePrior report 59.9KEmployment change for July -6.4K vs 21.1K estimateUnemployment rate 5.5% vs 5.5% expected. Last month unemployment rate was at 5.4%. 3rd consecutive monthly increaseFull time employment 1.7K vs 109.6K last monthPart-time...
US July non-farm payrolls +187K vs +200K expected
Prior was +209K (revised to +185K)Two-month net revision -49K vs -6K priorUnemployment rate 3.5% vs 3.6% expectedPrior unemployment rate 3.6%Participation rate 62.6% vs 62.6% priorU6 underemployment rate 6.7% vs 6.9% priorAverage hourly earnings +0.4% m/m vs +0.3%...
Some key technical levels in the USDJPY, EURUSD and USDCAD ahead of the jobs reports
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Locked and loaded for another edition of non-farm payrolls
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
OPEC+ JMMC makes no recommendation on oil output policy – report
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
The USD is the strongest and the CHF is the weakest as the North American session begins
The strongest to the weakest of the major currenciesThe USD is the strongest and the CHF is the weakest as the North American session begins and ahead of the key US jobs report. Most of the major currencies are bunched together. Apart from the USDCHF, the rest of the...
OPEC+ JMMC meeting begins but no policy change to be discussed
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Stocks see early optimism cool with US jobs report coming up
Here's a snapshot of the equities space at the moment:Eurostoxx +0.1%Germany DAX -0.3%France CAC 40 +0.1%UK FTSE -0.3%S&P 500 futures +0.1%Nasdaq futures +0.3%Dow futures flatThat's hardly indicative of a more positive risk sentiment, the one that we saw from Asia...
Nasdaq Composite Technical Analysis – Bulls and Bears are watching this support
Last week, the Fed hiked the interest rates by 25 bps as widely expected keeping everything unchanged. Fed Chair Powell reiterated their data dependency and kept all the options on the table. The economic data since the FOMC meeting has been pretty solid and the...
ForexLive European FX news wrap: Markets slow down awaiting US non-farm payrolls
Headlines:Markets:USD leads, CHF lags on the dayEuropean equities mixed; S&P 500 futures up 0.2%US 10-year yields flat at 4.192%Gold down 0.1% to $1,931.15WTI crude up 0.6% to $82.05Bitcoin down 0.5% to $29,132It was a bit of a sideways session as markets are...
NONE Token Launches the Ultimate High-End Trading Bot on Discord
$NONE has launched as a token powering the ultimate high-end trading bot on Discord. In just three days since its launch, $NONE has gathered over 1,600 holders and earned $60,000 to be shared among its thriving community.As the crypto market continues to evolve,...