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,...
BOE’s Haskel: Estimate of 6% equilibrium is the upper limit for me
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,...
MUFG trade of the week: Going short USD/MXN, and short USD/SEK
USDMXN daily MUFG Research added 2 new trades to its TOTW portfolio. Short USD/MXN - (spot ref @ 17.400), Target @ 16.900 & Stop @ 17.800 and Short USD/SEK - (spot ref @ 10.980,) Target @ 10.650 & Stop @ 11.200. "We are recommending a new short USD/MXN trade...
US dollar slides further as equities continue to sizzle
The US dollar is making fresh lows for the week as the stock market sizzles.The S&P 500 is up 1.1% and the Russell 2000 up 2.8% in a broad rally in risk assets after a jobs report that painted a benign picture of the economy. The market is now pricing in 98 bps in...
Cable stretches to the highs since September, rising 150 pips
GBPUSD dailyCable may have found a bottom.The US dollar has sold off broadly today but the pound is taking particular advantage, up 150 pips to 1.2349.It's the best gain since a powerful stretch of gains in early June. That series of gains is a reminder that the pair...
Nasdaq falls from the highs but still on track for fifth straigh day of gains
US equities are off the highs but still comfortably into positive territory on the day. The S&P 500 is up 0.7% and the Nasdaq up 0.9%.It's set to be the fifth straight day of gains and comes despite a disappointing earnings report from Apple.Nasdaq CompositeThe...
Fed’s Barkin: It was welcome to see lessening pressure in the jobs data
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 (30-03 November)
ECB’s Vujcic (neutral – voter) confirmed that the tightening cycle has ended, and the ECB will now hold rates steady for as long as necessary to get back to their 2% inflation target:We have finished with the process of raising interest rates for now.At this moment we...
US October ISM services 51.8 vs 53.0 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 October S&P Global final services PMI 50.6 vs 50.9 prelim
Prior was 50.2Composite 50.7 vs 51.0 prelimPrior composite 50.2business confidence rose to the strongest in four months,Input prices and output charges increased at the weakest rates in three years New orders fell for the third month running, albeit at only a slight...
Canadian October S&P Global services PMI 46.6 vs 47.8 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,...
Hezbollah leader: Gaza operation was 100% planned in Gaza
We thank the hands that joined this battleSays he will have more comments on the long-term at a later timeThe headline here is that he is distancing himself from the terrorist operation in Gaza, saying that they didn't know anything about it. He's added in the usual...
BOE’s Pill: We held rates because economic restraint needs to be maintained
BoE's PillHold decision reflected view some restrain on economy needed to be maintainedThere is still a need to bear down on inflationBalance of economic drivers has switched to supply sideWe can be less sanguine about idea of slowing demand will lead to inflation...
US dollar falls on signs of slack building in the jobs market
USDJPY 1 hourThere were surely some cheers in Japan following today's US non-farm payrolls report. The softer reading and details have weighed heavily on the dollar, dropping USD/JPY through 150.00 and down to 149.30.USD/JPY came into the week in a precarious position...
US Breaking News: NFP Disappointment Sinks USD, Gold Bid
US NFP Data for OctoberNFP 150k vs 180k estimate, September’s 336k print revised lower to 297k. Unemployment rate 3.9% vs 3.8% expFed funds futures lower estimates of another Fed hike this yearImmediate market reaction: USD, yields drop while gold risesThe analysis in...
US October non-farm payrolls +150K vs +180K expected
nonfarm payrollsPrior +336K (revised to 297K)Two-month net revision -101K vs +119K priorUnemployment rate 3.9% vs 3.8% expectedPrior unemployment rate 3.8%Participation rate 62.7% vs 62.8% priorU6 underemployment rate 7.2% vs 7.0% priorAverage hourly earnings +0.2%...
Canada October employment +17.5K vs +22.5K expected
Canadian employmentPrior +63.8KUnemployment rate 5.7% vs. 5.6% expected. Last month 5.5%.Full-time employment -3.3K vs +15.8K last monthpart-time employment +20.8K vs. +47.9k last month.Participation rate 65.6% vs 65.5% last month.Average hourly wages permanent...
Locked and loaded for the October edition of non-farm payrolls
Happy non-farm Friday.Non-farm payrolls are expected to rise by 180K at the bottom of the hour. For more, see our non-farm payrolls preview.Canadian jobs data will be released at the same time as the US report, with the consensus at +22.5K jobs and the unemployment...
Forexlive European FX news wrap: US dollar edges lower ahead of non-farm payrolls
Markets:EUR/USD up 28 pips to 1.0648WTI crude oil up 44-cents to $82.90US 10-year yields down 2.2 bps to 4.64%STOXX 600 flatGold up $1 to $1987NZD leads, USD lagsGermany posted a robust trade surplus of €16.5 billion for September, although its exports showed a modest...
Gold (XAU/USD) Struggling to Push Higher, US Jobs Report Next
Gold (XAU/USD) Analysis, Prices, and ChartsUS Treasury yields stem recent sell-off.US NFPs are the next potential driver of price action. Recommended by Nick Cawley Get Your Free Gold Forecast Get My Guide DailyFX Economic CalendarGold is struggling to regain its...