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
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Locked and loaded for another edition of non-farm payrolls
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OPEC+ JMMC makes no recommendation on oil output policy – report
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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,...
Dow Jones Technical Analysis – Watch this key support for the next big move
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...
Japan banking regulator says sees no big impact from BOJ shift for now
Kurita is the new head of the FSA and he mentions that:"With long-term interest rates staying around 0.6%, I don't think it will have much of an impact on Japanese banks. Unless rates surge in a short period of time in Japan the way they did in the US, I believe the...
Underlying inflation has likely peaked in 1H 2023 – ECB
Median and mean underlying inflation measures suggest that underlying inflation has likely peaked in the first half of 2023Most measures of inflation were showing signs of easingThe latest inflation data for July was broadly in line with expectationsThis seems to be a...
Eurozone June retail sales -0.3% vs +0.2% m/m expected
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,...
Russell 2000 Technical Analysis – The bulls are still eyeing a breakout
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...
UK July construction PMI 51.7 vs 48.0 expected
Prior 48.9UK construction activity returns to growth in July, helped by the strongest rise in commercial building since February as well as solid growth in civil engineering activity. The downside to the report is that homebuilding saw another sharp contraction on the...