Bollinger Bands® and MACD Strategy
Bollinger Bands® can provide invaluable signals for technical traders, and when combined with the Moving Average Convergence Divergence (MACD) indicator, gives traders insight into both volatility and momentum in the forex market. Before reading further, be sure to understand the...
US Adds Only 130,000 Nonfarm Jobs in August
Nonfarm Payrolls were released earlier, and the US added only 130,000 jobs to the economy in August vs the 160,000 expected. July’s numbers were revised slightly lower to 159,000. The Unemployment Rate (MoM) remained unchanged at 3.7% and the Average...
WTI Oil Futures Test the 38.2% Fibonacci Multiple Times
WTI oil futures rallied from a seven-month low on August 7, but the gains were halted at 56.68 and around the 38.2% Fibonacci retracement level of the down wave from 66.57 to 50.58. After multiple failed attempts to close above...
BTCUSD Exposed to Downside Corrections
BTCUSD (Bitcoin) staged a stunning upside reversal around the 9,300 support area, with the price surging back above the 100-period exponential moving average (EMA) and towards two-week highs. Buyers are currently pushing efforts to overcome the 38.2% Fibonacci of 10,837...
Cramer to Fed’s Powell: Just admit you were wrong to hike rates so aggressively and move on
CNBC’s Jim Cramer said Friday that Federal Reserve Chairman Jerome Powell should admit he was wrong to increase interest rates so aggressively last year, as the U.S.-China trade dispute was escalating, economic growth was starting to cool and the stock...
Larry Kudlow says phone call earlier this week with China on trade ‘went very well’
White House economic advisor Larry Kudlow said recent conversations with China “went very well.” “The phone call the night before last with Secretary Mnuchin and Lighthizer and Vice Premier Liu He went very well. That’s important,” Kudlow said Friday on...
U.S. Job Engine Continues to Slow
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Dollar Lower on NFP Miss, Supported by Wage Growth
Dollar drops mildly in early US session after weaker than expected employment data. Yet, downside is limited as support by stronger than expected wage growth. At the time of writing, commodity currencies are the strongest one for today with help...
The disappointing jobs report would have been much worse without newly hired Census workers
Without the temporary hiring of Census workers, the disappointing August jobs report would have been even worse. The federal government hired 25,000 temporary workers in preparation for the 2020 Census in August, giving the overall jobs gain a big bump....
EURUSD 1.1000 Key Resistance
The euro has started to move away from the best levels of the week against the US dollar, ahead of the release of the US monthly jobs report later today. A headline number above 150,000 could see the EURUSD pair...