Dollar Tumbles after Huge NFP Miss, CAD Surges
Dollar tumbles in US session after another huge non-farm payroll miss. On the other hand, Canadian Dollar surges notably after solid employment data. As for the week, the Loonie is now in a pole position to end as the strongest....
Stocks making the biggest moves premarket: Tesla, Quidel, Chubb and more
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla announced it would move its corporate headquarters to Texas from California, with CEO Elon Musk noting the high cost of living and operating in California. Musk did...
EUR/JPY Trendline Resistance At 88.6 Fib
EUR/JPY looks like there could be a bounce or break soon as the market is at the confluence zone. The descending trend line is marking a possible move down as it sits at the 88.6 POC zone confluence. A rejection...
GBPJPY Reaches 100 MA After Bounce At Base Of Trading Range
GBPJPY’s current upward drive is questionable around the 100-day simple moving average (SMA) at 152.43 after the 2½-month floor of the sideways market, halted once again negative tendencies from gaining downward momentum. The converging SMAs and especially the 50- and...
AUD/USD Outlook: Bulls Lose Traction Ahead Of US NFP Data
The Australian dollar dipped below 0.73 mark in Europe on Friday after the action was repeatedly capped by daily Kijun-sen (0.7324), pressured by higher dollar ahead of US jobs report. Daily technical studies generate initial negative signal as stochastic is...
USDCAD Approaches The Lower Bollinger Band Near 1.25
USDCAD is falling after the pullback off the 1.2770 resistance level last week. The price is approaching the lower Bollinger band, while the 20-day simple moving average (SMA) is ready to cross the 40-day SMA to the downside. The MACD...
EUR/USD Outlook: Strong US Jobs Report Could Push Euro Significantly Lower
The Euro remains at the back foot but Thursday’s Doji and tight ranges in early Friday, signal hesitation, as bears face headwinds from cracked weekly cloud base (1.1538). Traders await US jobs report for stronger signals with likely scenario of...
Yen Weakens, Yields and Stocks Surge, Focus Turns to NFP
Following strong rally in US stocks and treasury yield overnight, Yen is trading broadly lower today, together with Swiss Franc. Yen is also the worst performing one for the week, followed by Euro. On the other hand, Canadian Dollar is...
Senator Cynthia Lummis discloses a bitcoin purchase worth up to $100,000
Senator-elect Cynthia Lummis, a Republican from Wyoming, stands for a photo at the U.S. Capitol in Washington, D.C., November 9, 2020. Stefani Reynolds | Pool | Reuters Senator Cynthia Lummis, R-Wyo., just disclosed a sizable bitcoin purchase as the crypto supporter...
Fed Governor Lael Brainard is in line for a key banking position. Here’s what it could mean for Wall Street
Lael Brainard, governor of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, on Monday, Sept. 27, 2021. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Lael Brainard’s increased...
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