Prior week 231K revised to 232Kprior week continuing claims 1.868Minitial jobless claims 227K versus 230K estimate4-week moving average of initial jobless claims 230K vs 231.75K last weekContinuing claims 1.838M versus 1.865M estimate4-week moving average of...
Canada Q2 labour productivity -0.2% vs -0.3% prior
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,...
USD moves lower after the ADP report
The USD has moved lower after the weaker than expected ADP employment report. Later today we get Unit labor costs revised for Q2, Initial claims and the employment component of the ISM non-manufacturing index. All come before the US jobs report tomorrow. The ADP is...
ADP August employment +99K vs +145K expected
This is the lowest reading since January 2021, albeit barely.Prior was +122K (revised to +111K)Annual pay growth for job-stayers 4.8% vs 4.8% priorJob-changers' pay gains 7.3% vs 7.2% priorService-providing sector added 72K jobs, goods-producing sector up...
ForexLive European FX news wrap: Awaiting more key data from the US
Headlines:Markets:EUR and GBP lead, USD and CAD lag on the dayEuropean equities mixed; S&P 500 futures up 0.1%US 10-year yields flat at 3.768%Gold up 0.9% to $2,516.01WTI crude up 0.5% to $69.53Bitcoin down 2.2% to $56,740It was a modestly quiet session and...
ECB seen cutting rates next week and then again in December – poll
The poll shows that 64 of 77 economists (~85%) predict the ECB will cut rates by 25 bps at next week's meeting and then again in December. Four other respondents expect just one 25 bps rate cut for the remainder of the year while eight are seeing three rate cuts in...
Nasdaq Technical Analysis – All eyes on the US NFP
Fundamental OverviewThis week the growth fears came back as the we got a couple of soft US data. Most of the weakness can be attributed to the ISM Manufacturing PMI which disappointed as it missed expectations, and the new orders index dropped further into...
Dollar keeps lightly changed with eyes on key US data later
The changes among major dollar pairs are roughly 0.1% or less at the moment. And that exemplifies the more tentative mood that is gripping traders in European morning trade. USD/JPY was again the more volatile pair, dipping to a low of 143.05 before bouncing back to...
S&P 500 Technical Analysis – Growth fears back on the menu
Fundamental OverviewThis week the growth fears came back as the we got a couple of soft US data. Most of the weakness can be attributed to the ISM Manufacturing PMI which disappointed as it missed expectations, and the new orders index dropped further into...
AUDUSD Technical Analysis – The price is at a key support zone
Fundamental OverviewThe US Dollar has come back under pressure recently as we got a couple of soft US data. The US ISM Manufacturing PMI disappointed the market as it came lower than expected and the new orders index dropped further into contraction. The US Job...
Eurozone July retail sales +0.1% vs +0.1% 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,...
Ultimate Traders: Riding the Prop Trading Wave
Trader funding emerges as the next big thing in online trading. Still in its infancy, prop trading has gained more traction within the trading community, with market players contending for traders’ preference. One such prop firm is Ultimate Traders. Entering the prop...
German economy expected to stagnate this year, says Ifo institute
Ifo had previously forecast the German economy to grow by 0.4% in 2024 but is now anticipating the economy to stagnate instead. They also now expect the economy to grow by 0.9% next year, as opposed to their previous forecast of 1.5%. Looking further out to 2026, they...
UK August construction PMI 53.6 vs 54.9 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,...
GBPUSD Technical Analysis – The USD weakens on soft data
Fundamental OverviewThe US Dollar has come back under pressure recently as we got a couple of soft US data. The US ISM Manufacturing PMI disappointed the market as it came lower than expected and the new orders index dropped further into contraction. The US Job...
2024년 추석 숙박지원금! 이렇게 신청하세요! (전국민 중복가능! 선착순! )
https://www.youtube.com/watch?v=WT6J-6Gee9E 이번 추석 연휴에 고향 집으로 가서도, 여행을 가서도 사용할 수 있도록 문체부에서 전 국민에게 숙박비 할인권을 지급하는 혜택을 진행한다고 합니다. 어떻게 발급받고 신청하고 사용하는지 자세히 알려드리겠습니다. ^^ #추석 #문체부 #뉴스 MoneyMaker FX EA Trading...
PBOC to continue to implement supportive policy, says deputy governor
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,...
EURUSD Technical Analysis – The greenback is back under pressure on soft US data
Fundamental OverviewThe US Dollar has come back under pressure recently as we got a couple of soft US data. The US ISM Manufacturing PMI disappointed the market as it came lower than expected and the new orders index dropped further into contraction. The US Job...
Germany August construction PMI 38.9 vs 40.0 prior
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,...
European equities start the day on a softer note
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,...