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 USDCAD runs higher after the US jobs report.What next technically for traders ?
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,...
More from Goolsbee: Will have discussions about what rate we need to ultimately settle on
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,...
USDCHF breaks out. The pair surges outside the “Red Box” after stronger US jobs report
The US jobs report has sent the USDCHF, finally outside of the up and down trading range that has mostly confined the pair between 0.8399 and 0.85368. The price was trading near 0.85166 ahead of the report, and has now surged up to 0.8607. At the high, the price has...
Fed’s Goolsbee: This is a super jobs 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,...
This was the early tell in the recession reversal trade
Economic forecasting isn't easy.At various points over the last two years it looked like the US was slowing down dramatically. At the start of 2023, a looming recession call was the consensus forecast. This year, as some economic indicators deteriorated, those calls...
Tech sector rallies: Innovation fuels market gains
Stock heatmap by FinViz.com Fri, 04 Oct 2024 13:46:05 GMTSector OverviewToday's market heatmap reveals that the technology sector is leading the charge with notable gains. Among the top performers is Broadcom (AVGO) with a significant rise of 2.33%, supported by gains...
US stocks higher as buyers cheer the stronger jobs report
The major US stock indices are higher in early trading as buyers share the stronger US jobs report and hope that inflation remains contained. A snapshot of the market 11 minutes into the open is showing: Dow industrial average up 253.78 points or 0.66% at...
The US jobs report sends the USD higher but what about the technicals for 3 major pairs
The US jobs report came in much stronger than expected and that has sent the US dollar to the upside as the initial reaction. Yields are higher and the stock markets are higher as well.In this video, I take a look at three of the major currency pairs from a technical...
Fed’s Williams doesn’t comment on monetary policy or the outlook
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,...
Good news is good news: US stock futures jump
The US looks like it's heading for a soft landing.The unemployment rate fell to 4.0510% compared to 4.220% previously and adds downside risks to the Fed's year-end dot at 4.4%. It also reverses some recent upwards momentum.US unemployment rateThe rates market is now...
Fed’s Williams set to speak at the top of the hour
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 stronger US jobs report sends the USD higher. Yields higher. Stocks higher
The US dollar has moved to the upside after the stronger-than-expected US jobs report. The unemployment rate dipped to 4.1%. The nonfarm payroll was much stronger than expected at 254K versus 140K estimate. That's a highest level since March when nonfarm payrolls rose...
US September non-farm payrolls +254K vs +140K expected
nonfarm payrolls chartTwo-month net revision: +72K vs -86K priorUnemployment rate: 4.1% vs 4.2% priorUnrounded unemployment rate: 4.0510% vs 4.220% priorParticipation rate: 62.7% vs 62.7% priorPrivate payrolls +223K vs 118K priorPrior private payrolls +118K revised to...
The EURUSD and the USDJPY charts of interest ahead of the US jobs
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,...
US non-farm payrolls data due imminently – the critical key ranges for estimates to watch
I posted this info earlier, during the Asian timezone. But now its getting close to data time!Due at 8.30 am US Eastern time, which is 1230 GMT. You can see the consensus estimate in the screenshot below:The number in the right-most column is the 'prior' (previous...
Forexlive European FX news wrap: Awaiting the US NFP release
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,...
China firmly opposes EU EV tariffs calls them unfair and WTO rule violations
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,...
China urges EU to delay EV tariffs and avoid trade tensions
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,...
ECB’s De Guindos says inflation to near 2% by 2025 but too early for victory laps
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,...