The NZDUSD moved sharply lower on the USD buying after the better than expected jobs data. In doing so, the price of the pair has moved below it 200 day moving average or 0.6087, and the 50% midpoint of the move up from the October low the December high. That level...
Breaking: S&P Index hits all-time highs – Unveiling the roadmap to next targets
The S&P is training to a new all-time high. When the price is trading at a new high, there is no prior history that traders can target from a price perspective. We are in a open-air area.However, technical tools can be used to forecast the next target/risk levels....
European equity close: The Mag 7 aren’t in London
FTSE 100 weeklyClosing changes on the day:Stoxx 600 flatGerman DAX +0.2%UK FTSE 100 -0.1%French CAC flatItaly MIB +0.1%Spain IBEX +0.4%UK stocks finished at the lows of the day. This market likes big tech companies, not banks and grocery stores.On the week:Stoxx 600...
Former FOMC George: Jobs report raises questions about the timing and number of rate cuts
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,...
AUDUSD falls sharply on back of the higher USD after the US jobs report. Below 100 day MA.
The AUDUSD fell sharply after the US jobs report as yields surged (2-year up 18 bps, 10 year up 17.4 bps). Technically, the price fell below its 200 day moving average at 0.6572 and more recently below its 100-day moving average at 0.65276. A key swing. 0.65229 was...
US Dollar Forecast: Bulls Mount Comeback; Setups on EUR/USD, USD/JPY, GBP/USD
Most Read: US Dollar Jumps After NFPs Smash Estimates, Gold SlumpsThe U.S. dollar surged on Friday after economic data revealed that U.S. employers added 353,000 workers in January, nearly double market expectations. The exceptionally robust job creation, along with...
USDCHF surges after stronger US jobs report. Price is making a break above key MAs
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/JPY climbs back above 148.00 as the US dollar surges
It's no surprise to see the US dollar sizzling today after non-farm payrolls rose by 353,000 jobs compared to 1800,000 expected. It's the strongest month of jobs gains in a year and raises big doubts about whether the Federal Reserve will be cutting rates anytime...
Univ. of Michigan Sentiment final for January 79.0 vs 78.8 preliminary. Last month 69.7.
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 December factory orders +0.2% vs +0.2% 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,...
Major US stock indices are mixed with Nasdaq leading the way
The major US stock indices are trading mixed in early US trading. The NASDAQ index is leading the way to the upside after Meta crushed their earnings forecasts and also declared its first dividend and pronounced $50 billion of buybacks. Meta's share are are up...
USDCAD surges after the stronger US jobs reports. The USDCAD tests key moving averages.
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,...
Big pre-market equity gains wiped out by a strong non-farm payrolls 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,...
ECB’s Nagel: It’s looking like a soft landing for the eurozone is possible
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,...
Weekly Market Recap (29-02 February)
ECB’s Knot (hawk – voter) over the weekend reaffirmed the central bank’s focus on wage growth to decide when and by how much tweak their monetary policy:We now have a credible prospect that inflation will return to 2% in 2025.The only piece that's missing is the...
US jobs were much stronger, sending the US dollar higher. What are the technicals saying?
The strong US jobs report has sent the US dollar sharply higher. What are the technicals saying: For the EURUSD, the price is that they are testing its swing area down to 1.08038. Below that sets the 50% midpoint 1.07936 followed by the 100-day moving average of...
US Dollar Jumps After NFPs Smash Estimates, Gold Slumps
US Dollar and Gold Analysis Recommended by Nick Cawley Get Your Free USD Forecast Get My Guide The latest US NFP release showed the US jobs market in rude health with 353k new jobs created in January compared to forecasts of 180k. Last month’s headline figure was also...
Is this why Powell ruled out a March rate cut on Wednesday?
Supposedly, White House and other US officials don't get to see the non-farm payrolls data until the afternoon before it's released. If I were in charge, no one would see it until it was released.I have to wonder if FOMC officials got an early look at this report as...
Yields higher. Stocks giving up gains. Dollar higher after strong US jobs report
Wow. A big miss to the upside in the US jobs report with NFP rising by the largest since January 2023. The market is pricing in 128 basis points of easing in 2024 vs 139 basis points at the start. The question is how accurate is the data? Did seasonals miss? Before...
US January non-farm payrolls +353K vs +180K expected
Non-farm payrollsPrior +216K (revised to +333K)Two-month net revision -K vs -71K priorUnemployment rate 3.7% vs 3.8% expectedPrior unemployment rate 3.7%Participation rate 62.5% vs 62.5% priorU6 underemployment rate 7.2% vs 7.1% priorAverage hourly earnings +0.6% m/m...