Author: FX
Investing.com – Spain stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Madrid, the added 1.32%. The best performers of the session on the were Banco de Sabadell SA (BME:), which rose 3.27% or 0.06 points to trade at 1.85 at the close. Meanwhile, Banco Bilbao Vizcaya Argentaria SA (BME:) added 2.91% or 0.27 points to end at 9.42 and Fluidra (BME:) was up 2.75% or 0.68 points to 25.40 in late trade. The worst performers of the session were Puig Brands SA (BME:), which fell 1.56%…
US 10s dailyUS 10-year yields traded as low as 4.22% after non-farm payrolls but have rebounded to 4.32%.It’s tough to say what’s driven the reversal but here is a stab at it:Non-farm payrolls was skewed by the hurricanes and strikes and the market thinks the jobs maket is goodISM prices paid made a surprising jump, highlighting upside inflation risksThe election is coming, though odds have shifted towards Harris in the past week, Trump is still favored and a red sweep would lead to big deficitsA number of economic reports have highlighted uncertain business and consumer spending ahead of the election,…
The US Dollar recovered modestly after a discouraging Nonfarm Payrolls report sent it sub-104.00. The steady unemployment rate and the uptick in hourly wages have tempered the negative reaction on the USD. The index bounced from an intraday low of 103.68, with technical indicators showing a growing bearish momentum. The US Dollar Index (DXY) has regained 104.00 following Wall Street’s opening after plummeting to 103.68 on a weaker-than-expected US Nonfarm Payrolls (NFP) report. The impact on the Dollar has been moderate, as the market has considered strikes and the hurricanes Helen and Milton in the final reading.Nonfarm payrolls have posted their poorest performance since the pandemic, but the…
USD/CAD falls slightly to near 1.3900 after the US NFP report for October. Labor growth was significantly lower due to hurricanes that affected various regions. The US Manufacturing PMI surprisingly declined at a faster pace. The USD/CAD pair corrects mildly to near the round-level support of 1.3900 in Friday’s New York session. The Loonie asset drops after the release of the United States (US) Nonfarm Payrolls (NFP) data for October, which showed lower job additions at 12K against the estimates of 113K and the former release of 223K in September, downwardly revised from 254K. Fresh payroll data appears to be…
EUR/JPY is correcting within a bullish advance. Given the short and medium-term trends are bullish more upside it expected providing certain conditions are met. EUR/JPY is pulling back after rising above the ceiling of its multi-month range and breaking above the cluster of major moving averages lying just above. EUR/JPY Daily Chart The short and medium-term trends are bullish suggesting the odds favor more upside to come and a resumption of the uptrend. A break above 166.69 (October 31 high) would probably confirm a continuation higher. Resistance at 167.96 (July 30 swing high) could act as a barrier to further…
Nonfarm Payrolls (NFP) in the US rose by 12,000 in October, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 223,000 increase (revised from 254,000) recorded in September and missed the market expectation of 113,000 by a wide margin. Follow our live coverage of the market reaction to the US Nonfarm Payrolls data. Other details of the report showed that the Unemployment Rate remained unchanged at 4.1% as expected, while the Labor Force Participation Rate edged lower to 62.6% from 62.7%. Finally, annual wage inflation, as measured by the change in the Average Hourly Earnings, rose…
By Timour Azhari and Laila Bassam BEIRUT (Reuters) – The U.S. asked Lebanon to declare a unilateral ceasefire with Israel to revive stalled talks to end hostilities between Israel and Hezbollah, a senior Lebanese political source and a senior diplomat said – a claim denied by Lebanon’s prime minister. They said the effort was communicated by U.S. envoy Amos Hochstein to Lebanese caretaker Prime Minister Najib Mikati this week, as the U.S. stepped up diplomatic efforts for a ceasefire between Israel and Iran-backed militant group Hezbollah. Mikati’s office in a statement to Reuters denied the U.S. had asked Lebanon to…
Prior 49.9The rate cuts did help the manufacturing sentiment to recover from the very low levels seen in the past couple of years, but inflation is falling pretty fast so the SNB will need to adress that. This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link
Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the Flip 55 strategy has identified a trading opportunity on the EUR/GBP pair within the H1 timeframe. I’ve shared a trade setup image for your…
The Japanese Yen depreciated following the release of Manufacturing PMI on Friday. The headline Jibun Bank Japan Manufacturing PMI registered at 49.2 in October, reflecting a decrease from 49.7 in September. US Nonfarm Payrolls are expected to increase by 113,000 jobs in October, a decline from the previous count of 254,000. The Japanese Yen (JPY) retraces some of its recent gains following the release of the Manufacturing Purchasing Managers Index (PMI) by Jibun Bank and S&P Global on Friday. However, the USD/JPY pair declined as the JPY strengthened after post-meeting comments from Bank of Japan (BoJ) Governor Kazuo Ueda on…