Gold – Remains Weighed Down by USD
Will USD continue to drag on gold? The dollar may be trading a little softer today but another strong day on Thursday is keeping the pressure on gold which has been weighed down by it over the last couple of...
USD/CAD Forecast: Greenback Advances Against Loonie on Strong US and Weaker Canada’s Jobs Data
The pair rallied to one-week high at 1.3402 after US / Canada jobs data, but fresh bulls were so war unable to hold high levels Impact from stronger than expected NFP (Mar 196K vs 175K f/c / 20K Feb) was...
America’s Job Market Rebounds in March
America’s job market shook off its February blahs, rebounding with 196k new jobs in March. February’s showing was also revised up a bit, with net revisions for the prior two months up 14k. The unemployment rate remained unchanged at 3.8%...
ECB Preview – More Warning on Downside Risk, No Big Move Until June
Despite some improvements in the economic data released since the March ECB meeting, the overall picture remains mixed and inflation pressure is still soft. There have been plenty of discussions about ECB’s future monetary policy since the last meeting. First,...
Dollar Higher as NFP Beat Expectations, But Upside Capped by Sluggish Wage Growth
Dollar is lifted mildly in early US session as employment data posted slight upside surprise. But buying in the greenback is not broad based yet. A key factoring limiting Dollar’ rise is sluggish wage growth. But after all, the set...
Job market bounces back in March with 196,000 gain in payrolls
Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8%, the Bureau of Labor Statistics reported Friday. That was better than the 175,000 Dow Jones estimate and comes...
Markets Mixed Ahead Of US Jobs Report
Traders cautious after woeful February report It’s been a mixed start to trading on Friday, as we await the latest jobs report from the US. US futures are marginally higher but we have lost a little momentum. That may simply...
UK Seeks Another Short Extension Of Article 50 Until Jun 30th
Notes/Observations UK confirmed that PM May sent EU’s Tusk a letter asking for an extension to Article 50 until Jun 30th (as speculated) and would EU parliament elections in case it can’t ratify withdrawal agreement German Feb Industrial data bucks...
EUR/USD Sandwiched Between 100– And 200-Hour SMAs
Yesterday, the EUR/USD currency pair tried to surpass the 55-hour SMA, currently located at 1.1232. As apparent on the chart, the pair is being pressured by the 200-hour SMA at 1,1238, thus, it is likely, the pair steps lower to...
GBP/USD Could Re-Test Medium-Term Channel
During the Thursday’s trading session, the GBP/USD currency pair declined to the 1.3065 level. From a technical perspective, the exchange rate is likely to re-test the lower boundary of the medium-term ascending channel located circa 1.3040, as the rate is...
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