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,...
Locked and loaded for the April edition of non-farm payrolls
It's a big day in financial markets as we get non-farm payrolls at 8:30 am ET followed by the ISM services report 90 minutes later.The dollar is moderately softer on the day ahead of non-farm payrolls in a sign of some position squaring ahead of the data. Since the...
ForexLive European FX news wrap: Dollar lags in run up to US 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,...
Here is what to watch for an extreme surprise in the upcoming US jobs report (NFP) and PMI
I posted on this during the Asian timezone for those who were awake then. Full post is here, with much more info on why this is important.But, if you just want the numbers, here you go.First, the median consensus:Taking a look at the range of expectations compared to...
What are the Fed odds looking like ahead of the US jobs report?
As a whole for this year, traders are now looking at 40 bps worth of rate cuts. That is a step up from earlier this week, where it was roughly 31 bps. As for the timing of the first rate cut, a 25 bps move is now fully priced in for November at least. The odds of a...
S&P 500 E-mini futures technical analysis
The S&P 500 has been consolidating around the 5000-5100 range for more than two weeks now with the market awaiting the key US data as it's getting more and more wary of the inflation risk that could lead to more tightening. The more dovish than expected Fed's...
Federal Reserve Holds Interest Rates
The recent decision by the Federal Open Market Committee (FOMC) to keep interest rates steady has ignited a wave of speculation in financial markets. Federal Reserve Chair, Jay Powell, provided insights into the current state of the US economy and its trajectory....
Making money in trading is easy
If you go and ask any successful trader or investor what's the most important thing in trading, he/she will tell you that it's capital preservation. In fact, the hardest part in the markets is not making money, it's being able to keep it, and over the long term...
Eurozone March unemployment rate 6.5% vs 6.5% 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,...
UK Final April S&P Global Services PMI 55.0 vs. 54.9 expected
UK Services PMI 55.0 vs. 54.9 expected and 53.1 prior.UK Composite PMI 54.1 vs. 54.0 expected and 52.8 prior.Key findings:Activity and new work rise at fastest rates for 11 months. Staff hiring remains subdued. Input cost inflation highest since August...
Gold technical analysis – waiting for the US data to give us a direction
Gold is consolidating right around a key trendline as the market awaits the US NFP and ISM Services PMI reports. We got a spike on Wednesday as the Fed was pretty dovish compared to the hawkish expectations leading into the event. Since it didn’t change anything on...
German engineering orders see stronger decline in March
The manufacturing order books in Germany saw a deepening decline in March, as orders fell by 17% year-on-year in real terms. Domestic orders fell by 23% compared to a year ago while foreign orders fell by 15%. That being said, things need to be put into context a...
Market Update – Apple Soars, Gold Struggles, USD and VIX Slip, Sentiment Positive Ahead of NFPs
Apple (APPL) Soars, Gold Struggles, USD and VIX Slip, Sentiment Positive Ahead of NFPsApple drives risk sentiment ahead of US NFPs.Japanese Yen is starting to push higher after intervention.US dollar slips to a three-week low.Learn how to trade a range of market...
It’s going to a be a dull market until the US NFP and ISM Services PMI
There's no market moving data in the European session (unless we get a big jump in the Eurozone unemployment rate). For this reason, we will likley see a rangebound price action heading into the US NFP release and the ISM Services PMI. In the big picture nothing has...
France March industrial output -0.3% vs +0.3% 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,...
FX option expiries for 3 May 10am New York cut
There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD seen at 1.0700 and 1.0750. The expiries there should help to keep price action in range in the session ahead, at least until we get to the US non-farm payrolls. But keep in mind...
A couple of light releases to move things along in the session ahead
The push and pull continues in the dollar this week but it is leaning slightly softer now after easing lower yesterday. AUD/USD in particular looks quite poised at it runs back up to its 100-day moving average at 0.6580 on the week. Meanwhile, USD/JPY continues to...
Another Bill warning to markets?
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 looks to wear out the resolve of USD/JPY dip buyers before the weekend
After the second round of yen-tervention this week, the pair caught a modest bounce from 153.00 to 156.00 yesterday. All that before a turn right before US trading to just under 155.00 and that kept running all the way to where we are now, near the 153.00 mark. The...