Job creation grinds to a near-halt in February; wages still on the rise
Job growth came to a near halt in February after a blistering start to the year, with nonfarm payrolls increasing by just 20,000 even as the unemployment rate fell to 3.8 percent, the Labor Department reported Friday. It was the...
Silver Rises after Strong Downfall from 16.20
Silver came close to breaking the 14.90 support level on Thursday, finishing the day at a two-and-a-half-month low of 14.96. According to the RSI, the market could shift higher as it is sloping slightly upwards in the negate zone, though...
GBPJPY Slips Around 145.00, Still Looks Bullish In Medium-Term
GBPJPY is edging lower towards a one-and-a-half-week low of 145.11, exiting from the Ichimoku cloud in the 4-hour chart, after it unlocked a fresh three-and-a-half-month high on March 1. The bearish momentum in the MACD points to further decline in...
WTI Oil Outlook: WTI Price Falls On Renewed Concerns About Global Growth Slowdown
WTI oil price fell over 1% on Friday as weak China’s data (Feb exports -20.7% vs -4.8% f/c, the biggest drop in three years) soured sentiment, adding to renewed fears about global growth slowdown that would likely impact oil demand...
EUR/USD Drops By 144 Base Points
During Draghi’s speech on asset purchase program, the European Single Currency depreciated by the 144 pips or 1.27%. The reason for such a sharp depreciation of the European Single Currency was the announcement that the purchase program would not be...
GBP/USD Might Fall To 1.3000
During Thursday’s trading session, the 55-hour simple moving average retraced the currency exchange rate to pass through the support of the monthly pivot point towards the 1.3050 level. On Friday morning, the rate was located at the 1.3100 mark. In...
USD/JPY Depreciates To S1 At 110.84
During Thursday’s trading session, the currency exchange pair depreciated to the 111.40 level passing the small pattern line at 111.60. On Friday morning, the rate fell, even more, passing the support level of the 200-hour SMA to the 111.01 mark....
XAU/USD Might Stay At 1,290.00
During Thursday’s trading day, the yellow metal followed the previously drawn pattern to end the trading session at the 1,286.21 mark. During Friday’s midnight hours, gold appreciated against the US Dollar breaking the resistance levels most of the technical indicators...
AUD/USD Outlook: Aussie Continues To Pressure 0.70 Support, Final Push Through Likely On Strong US Jobs Data
The Aussie dollar is a tad higher in European trading on Friday dipping to 0.7003 low in Asia, driven by weak China’s data that further soured risk sentiment. The pair cracked Thursday’s low (0.7005) but faces strong headwinds from psychological...
USD/JPY Outlook: Fresh Risk Aversion Pushes The Pair Significantly Lower, US NFP Data In Focus
The pair accelerated lower on Friday after downbeat China’s export data and significant narrowing of trade surplus revived worries of global growth slowdown and sparked fresh risk aversion. Fresh bears surged through strong support at 111.40 (converged 10/200/100 SMA’s) and...
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