British Pound Steady, BoE Meeting Next
After starting the week with strong gains, the British pound has settled down. In the North American session, GDP/USD is trading at 1.3900, up 0.09% on the day. The British economy continues to perform well, as the recovery is gaining...
April Nonfarm Payrolls to Glide Higher, but Dollar has Other Matters to Care
US Nonfarm payrolls will probably put on another spectacular show this Friday at 12:30 GMT, mirroring a blossoming economic recovery as the ultra-easy monetary and fiscal policies combined with the rapidly growing vaccination rollout are brightening up the landscape out of the health crisis. This euphoria,...
GBP/USD Pair Started a Decent Recovery and Now Trading Above 1.3850
The British Pound corrected lower and tested the 1.3800 support zone against the US Dollar. The GBP/USD pair started a decent recovery and it is now trading nicely above 1.3850. There was a break above the 1.3880 resistance zone and...
Canadian Dollar Higher With Commodity Currencies, Euro Weakens
Commodity currencies continue to trade as the stronger ones entering into US session. In particular, Canadian is helped by extended rally in oil prices. New Zealand Dollar continues to receive support from better than expected job data. Overall sentiments are...
Private payrolls show big gain in April but still short of lofty expectations, ADP says
Bartenders wearing protective masks assist customers sitting at the bar at Blooms Tavern in New York, U.S., on Monday, May 3, 2021. Nina Westervelt | Bloomberg | Getty Images Private job growth accelerated in April but fell a bit short...
Vice President Harris leading small business outreach in White House recovery plan push
Vice President Kamala Harris speaks during a listening session on broadband internet at the New Hampshire Electric Co-op in Plymouth, New Hampshire, April 23, 2021, as she travels to the state to promote the administration’s economic plans. Saul Loeb |...
XAUUSD In The Buy Zone
Gold has staged a pullback towards critical trendline support, following a heavy technical rejection from the $1,800 resistance zone. A bullish inverted head and shoulders pattern still remains in play while the price of gold trades above the $1,556 support...
Kiwi Rebounds on Strong Job Data, Dollar and Yen Soften
Trading continues to be relatively subdued in the forex markets. US Treasury Janet Yellen’s comments prompted selloff in stocks overnight. But reactions in currencies were just mild, with most pairs and crosses range bound. Strong job data from New Zealand...
Elliott Wave View: DAX Looking To Find Buyers Soon
Short term Elliott wave view in DAX suggests the rally from January 28, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 28 low, wave 1 ended at 14169.49 and pullback in wave 2...
Scottish Elections & GBP
Voters in Scotland will head to the polls on Thursday for the Scottish Parliamentary elections. This could mark the start of a renewed push towards Scottish independence. But that doesn’t necessarily mean that the Pound will see a strong reaction....