Author: FX
US NFP AND JOBS REPORT KEY POINTS:The US Added 199,000 Jobs in June, Slightly Above the Forecasted Figure of 180,000.The Unemployment Rate Falls to 3.7%, Remaining within a Range Below the 4% Mark.Average Hourly Earnings Came in at 0.4% MoM with the YoY Print Holding Firm at 4.%.To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section. Recommended by Zain Vawda Introduction to Forex News Trading The US added 199,000 jobs in November, and the unemployment rate edged down to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment growth is…
Gamco Investors goes ex dividend Monday Source link
Several market players lose their trades and even get their accounts blown up by insisting on shorting at the “top” and going long at the “bottom.” In fact, while it may not be the number one cause of death of traders’ accounts, I can say that it’s still pretty high on the lists. Don’t get me wrong, I certainly understand the appeal of trying to pick tops and bottoms. The promising reward-to-risk ratios alone are too tempting, especially when the setup is supported by major technical levels. Unfortunately, many traders pick tops and bottoms not for fundamental and technical reasons, but for the simple…
Article by IG Senior Market Analyst Axel RudolphFTSE100, DAX40, S&P 500 Analysis and ChartsFTSE 100 grinds higherThe FTSE 100 once more tries to reach this and last week’s six-week high at 7,543 as traders await US non-farm payrolls data.The UK blue chip index is being supported by the 55-day simple moving average (SMA) and Thursday’s low at 7,480 to 7,476. While this area underpins, upside pressure should be maintained. Above 7,543 meanders the 200-day simple moving average (SMA) at 7,567.Support below the 7,480 to 7,476 sits at Tuesday’s 7,459 low.FTSE 100 Daily ChartDownload our Complimentary Retail Sentiment Guide to Help…
© Reuters. A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse/File Photo (Reuters) -U.S. industrial firm Honeywell (NASDAQ:) said on Friday it would buy air conditioner maker Carrier’s security business for $4.95 billion. Shares of Carrier rose 4.4% to $52.9 in premarket trade. The Florida-based company’s Access Solutions security business provides residential, commercial and industrial security systems including electronic locks and remote access management. It intends to use estimated net proceeds of about $4 billion from the deal to pay down debt. The…
In the fast-paced world of financial markets, traders are constantly seeking innovative tools to gain an edge. One such tool that has been making waves in recent times is the VR Draw MT4 Indicator. Combining the power of Virtual Reality (VR) technology with the precision of MetaTrader 4 (MT4), this indicator has become a game-changer for traders looking to make informed decisions in the world of Forex and stocks. In this article, we will delve into the fascinating realm of the VR Draw MT4 Indicator, exploring its features, benefits, and how it can significantly enhance your trading experience. What is…
Gold (XAU/USD) Analysis and ChartsWill the US Jobs Report spark another gold price shock?Gold’s daily chart remains positive, for now.DailyFX Economic CalendarMost Read: XAU/USD Breaking News: Gold Reaches an All-Time HighLearn How to Trade Gold with our Complimentary Guide Recommended by Nick Cawley How to Trade Gold A busy pre-Christmas for traders starts today with the latest US Jobs release at 13:30 UK. This week’s US labor data has been weak with Tuesday’s JOLTs Job Openings at the lowest level in nearly two-and-a-half years, while Wednesday’s private sector ADP release showed job and pay growth moderating further.US ADP Monthly Stats…
Share: Gold treads water with the market on a wait-and-see stance ahead of the NFP report. The near-term trend remains intact, fuelled by heightened speculation that Fed hikes are over. The Dollar is drawing some support from a mild recovery in US yields. Gold price (XAU/USD) has been moving within previous ranges during Friday’s European trading session. Investors are watching from the sidelines, awaiting the release of the Nonfarm Payrolls (NFP) report, which will clarify the Federal Reserve’s (Fed) next steps.Earlier this week the US JOLT’s openings and the ADP employment report pictured a softening labor market,…
Japanese GDP and JPY AnalysisJapanese Q3 GDP revised lower as inflation weighs on spendingJapanese government bond yields recover sharply, buoying the yenNon-farm payrolls could extend recent moves on weaker jobs dataThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryJapanese Q3 GDP revised lower as inflation weighs on spendingJapanese (final) Q3 data was revised lower as inflation appeared to be negatively impacting spending in the region. Inflation has been above the Bank of Japan’s (BoJ) 2% target for more than a year but officials require more…
Pulse Oil Corp. (TSXV:PUL:CA) Thursday said that it is offering rights to holders of its common shares of record at the close of business on December 15. Pursuant to the Rights Offering, each holder of Common Shares will receive one-fifth of a transferable right for each Common Share held of Pulse as of the Record Date. Each whole right will entitle the holder thereof to subscribe for one Common Share at a price of $0.04 per Common Share until 2:00 p.m. (Pacific time) on January 12, 2024. If the Rights are fully exercised, the Rights Offering will raise gross proceeds…