Dollar Shrugs Strong ADP Job Data, Markets Mixed
Markets turned mixed as traders await FOMC minutes. The much stronger than expected US private job data provides little inspiration to the markets. Dollar pares back some gains but remain the second strongest for the week next to Sterling. Yen...
USDJPY Looks Overbought after Sharp Ascent; Bullish Overall
USDJPY resumed its broad positive trend after the bulls drove aggressively to a five-year high of 116.33 on Tuesday, marking seven consecutive days of gains. Despite the fast ascent, the pair could not close above the 116.11 limitation taken from late 2016...
A record 4.5 million workers quit their jobs in November
Commuters arrive from Metro North Railroad trains in Grand Central Station in New York. Timothy A. Clary | AFP | Getty Images Workers quit their jobs in record numbers in November while the total employment openings pulled back a bit,...
ISM Manufacturing Index Slows But Still Registers 19th Consecutive Month of Expansion
The December ISM manufacturing index fell to 58.7, missing market expectations for 60.0. This marked a 2.4 percentage point decrease from the November reading of 61.1. New orders fell by 1.1 percentage points to 60.4, while new export orders decreased...
US Jobs Report, FOMC Minutes to Ring in Busy New Year for the Dollar
After the holiday lull, markets will be getting back into full swing this week as the Fed publishes the minutes of its December FOMC meeting on Wednesday (19:00 GMT) and the latest nonfarm payrolls report comes out on Friday (13:30...
USDCAD Gives Up Rally Near Familiar Resistance
USDCAD swiftly bounced back to the 1.2700 territory after almost touching December’s low of 1.2606 last week, but the descending trendline drawn from the top of 1.2962 managed to put the brakes to the rally once again. The area around...
Full Risk-On Markets Continues, Yen Continues Downside Acceleration
Global financial markets are in full risk-on mode today. Major European indexes are trading higher while US futures indicates that record run is continuing. In the currency markets, Yen’s steep selloff continues and looks unstoppable. Dollar is performing well as...
New! Intraday Market Analysis – US dollar Recoups Losses
NZDUSD breaks support The New Zealand dollar tumbles against its US counterpart amid soaring Treasury yields. The pair is looking to consolidate its recent gains after it rallied above the 30-day moving average (0.6820). The December high at 0.6860 is...
New! US Stocks Storm Higher and Dollar Rebounds as 2022
Dollar recoups losses; Euro and cyclicals retreat The dollar ticked higher against most of its major rivals today, supported by the surging US Treasury yields, despite the risk-on sentiment in the first trading session of 2022. However, no major moves are expected in the forex spectrum...
Dollar and Stocks Advance as New Year Kicks Off
Dollar begins year on front foot, equities hover near highs Omicron, inflation, central banks, and politics in the spotlight Quiet day ahead but rest of the week seems promising Dollar advances in thin markets Happy new year to everyone. The...