Author: FX
US NFP Data for OctoberNFP 150k vs 180k estimate, September’s 336k print revised lower to 297k. Unemployment rate 3.9% vs 3.8% expFed funds futures lower estimates of another Fed hike this yearImmediate market reaction: USD, yields drop while gold risesThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryNFP Prints at 150k vs 180k and September’s Figure Revised Down to 297kCustomize and filter live economic data via our DailyFX economic calendar Recommended by Richard Snow Trading Forex News: The Strategy Non-farm payroll data for October disappointed…
What’s the difference between a prediction versus a trading bias? A prediction is defined as a forecasting statement on how things will be in the future. Making a prediction means that you are expecting a certain outcome. In forex trading, saying that a currency pair will trade at a particular price at a specified point in time is an example of a prediction. Meanwhile, a bias refers to an inclination or outlook. Having a bias means you believe that a particular kind of behavior is more likely to occur than other alternatives. In trading, being bullish or bearish on a currency is a form of bias. As you probably noticed, the…
Gold (XAU/USD) Analysis, Prices, and ChartsUS Treasury yields stem recent sell-off.US NFPs are the next potential driver of price action. Recommended by Nick Cawley Get Your Free Gold Forecast DailyFX Economic CalendarGold is struggling to regain its recent highs despite US Treasury yields turning sharply lower this week. There is a growing market sentiment that global bond yields have peaked, especially in the longer-end, and with recession fears growing, the market is continuing to price in peak rates. After trading above 5% less than two weeks ago, the yield on the US 10-year benchmark is currently at 4.66%, while the…
TELUS lifts dividend by 3.4% to CAD 0.3761/share Source link
Article by IG Chief Market Analyst Chris BeauchampFTSE 100, DAX 40, S&P 500 Analysis and ChartsFTSE 100 in bullish short-term formThe rally off the 7300 continued on Thursday, with impressive gains for the index that have resulted in a move back through 7400. This now leaves the index on the cusp of a bullish MACD crossover, and could now see the price on course to test the 200-day SMA, and then on to 7700.A reversal back below 7320 would negate this view.FTSE 100 Daily Chart of clients are net long. of clients are net short. Change in Longs Shorts OI…
© Reuters soared to an 18-month high of $36,000 on Binance today, before settling around $35,300. This upward trend triggered a market-wide rally and resulted in a $160 million liquidation of short positions within a 24-hour timeframe. Consequently, Bitcoin’s market dominance climbed to 51%, outperforming most altcoins except for (SOL), ‘s UNI, ADA, and DOGE. SOL maintained its bullish trend with a significant 33% surge over the past week and a daily gain of 12%, trading at approximately $43.60. Other altcoins such as UNI, ADA, DOGE, and AAVE also saw substantial gains. AAVE led the top 100 altcoins with a…
POUND STERLING ANALYSIS & TALKING POINTSBoE sentiments linger in favor of sterling.US NFP and services PMI to dominate headlines later today.GBP/USD eyes symmetrical triangle breakout.Elevate your trading skills and gain a competitive edge. Get your hands on the British Pound Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD FUNDAMENTAL BACKDROPThe British pound has held onto yesterday’s gains after the Bank of England (BoE) decided to keep interest rates on hold. A quick summary of the meeting included BoE Governor Andrew Bailey…
Share: The S&P500 jumped almost 2% to above its 200-DMA, and Nasdaq 100 gained 1.74% and tested its 50-DMA to the upside as the rally in the US sovereign bonds extended to another day. Apple disappoints Apple will likely slow the rally in major US indices. Apple shares dived up to 4% in the afterhours trading after announcing that the sluggish Chinese demand for iPhones dented revenue. The Mac computers sales also fell short of a billion USD. Apple sales fell for the fourth straight quarter, the longest such decline in 22 years. As a result, Apple…
Trend warriors gather ’round! EUR/CAD is testing a key inflection point after turning lower from its intraweek resistance. Which potential support levels should you watch out for? We’re taking cues from the 4-hour chart today: EUR/CAD 4-Hour Forex Chart by TradingView As you can see, EUR/CAD has been making higher highs and higher lows since the start of October when the pair bounced from the 1.4200 psychological handle. Feeling FOMO over EUR/CAD’s uptrend? We may have a chance to jump in. The pair is currently trading closer to 1.4600, which is just above a trend line that’s been around all…
Relay Therapeutics GAAP EPS of -$0.54, revenue of $25.2M Source link