The USDCHF fell below the 200 bar moving average on the 4-hour chart near 0.9070, and tumbled down to the lope from April and a low swing area near 0.8997 and 0.9005. Buyers came in against that level and have since pushed the price back up toward the aforementioned...
Fed’s Goolsbee: Jobs reports like this will give us confidence the economy not overheating
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,...
Fed’s Goolsbee set to speak shortly
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,...
Japan fin min Suzuki: Rapid currency moves are undesirable as they would hurt households
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,...
Iraq and Kazakhstan pledge to make up for OPEC quota overproduction before year end
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,...
Japan FM Suzuki: Rapid currency moves are undesirable.USDJPY bounces off KEY support
Japan finance Minister Suzuki is on the wires saying:Forex levels should reflect economic fundamentalsif currency moves are excessive, we may need to smooth themDesirable for FX to move stably, eye FX volatility undesirableRapid currency moves are undesirable as they...
ISM April services index 49.4 vs 52.0 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,...
Fed’s Bowman: Baseline outlook still that inflation will decline with rates steady
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,...
S&P Global final April services 51.3 vs 50.9 prelim
Prelim was 50.9Prior was 51.7Composite PMI 51.3 vs 50.9 prelimPrior composite PMI was 52.1Services PMI 51.3 vs 50.9 prelim. Last month the PMI was 51.7In their own words, Chris Williamson, business economists at S&P global market intelligence said:"Service sector...
US stocks open higher as jobs report gives traders the nudge
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,...
ISM services report still to come
The non-farm payrolls report is at the pinnacle of US economic data but employment is a lagging indicator. Businesses need to see months of softness before they pause hiring and even more before they begin layoffs.The best way to capture creeping softness in demand is...
S&P Global Canada April Services PMI 49.3 vs 46.4 in March
Canada services PMIBest reading since JuneEleventh month in a row below 50Prior was 46.4This survey doesn't get much attention from markets, partly owing to its short life.Paul Smith, Economics Director at S&P Global Market Intelligence, said: "Another fall in...
Kickstart the FX trading day (post NFP) with a technical look at EURUSD, USDJPY, GBPUSD.
The sellers of the USD ahead of the US jobs report were rewarded with a big move to the downside in the major currency pairs. The question now is what next?In this report outline the moves versus the major currency pairs versus the US dollar - the EURUSD, USDJPY and...
US equity futures jump as jobs growth cools
S&P 500 futures are up 57 points, or 1.1% ahead of the open while Nasdaq futures are up 1.5% and Russell 2000 futures up nearly 2%.The market is cheering a softer US jobs report that saw the unemployment rate tick higher to 3.9% from 3.8%. That led to broad...
US Dollar Slumps After NFPs Miss Expectations, US Equities Bid
US Dollar Slumps After NFPs Miss Expectations, US Equities Bid Recommended by Nick Cawley Get Your Free USD Forecast Get My Guide For all economic data releases and events see the DailyFX Economic CalendarThe latest US Jobs Report showed hiring slowed in April with...
Why this could be just the beginning for the downturn in jobs
Before today's non-farm payrolls report, I noted that the low estimate in the Refinitiv survey was from Ian Shepherdson at Pantheon and asked him why. One of the things he highlighted was the softening National Federation of Independent Businesses survey of hiring...
Risk-on sentiment might come back with vengeance
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 dollar falls after jobs data softens
Officials in Japan finally caught a break today as softening US fundamentals give them something of a tailwind following their work to intervene in the currency. USD/JPY is down 154 pips to 152.11 on the day, falling nearly 100 pips on the April non-farm payrolls...
US average hourly earnings MoM 0.2% versus 0.3% expected. YoY 3.9% vs 4.0% 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,...
US March non-farm payrolls +175K vs +243K 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,...