Author: FX
Share: USD/CAD reversed its course during the American session and got rejected by the 100-day SMA, falling to near 1.3335. NFPs showed that job creation in July cooled down while wages increased. Canada reported soft labour market and economic activity figures. On Friday, the USD/CAD cleared daily gains and fell into negative territory as investors dumped the USD following Nonfarm Payrolls, which revealed that job creation cooled down in July. Canada also reported weak labour market data, so the factor driving the pair downwards was mainly the broad USD weakness from lower US yields. The latest Nonfarm Payrolls report for the…
GBP/USD and EUR/GBP Analysis and ChartsGBP/USD is down one cent over the week in thin trade.EUR/GBP remains rangebound. Recommended by Nick Cawley How to Trade GBP/USD UK Breaking News: BoE Hikes by 25bps to 15-Year HighThe Bank of England raised interest rates by 25 basis points on Thursday, in line with market forecasts, and left the door open for a further hike at September’s meeting. The UK central bank has now raised interest rates, by varying degrees, for 14 months in a row as it tries to control stubbornly high inflation. The latest market pricing shows a 67% probability of…
Orrstown Financial goes ex-dividend tomorrow Source link
© Reuters. Investing.com — U.S. stocks were rising as investors digest the latest Big Tech earnings and as the July jobs report showed the economy added fewer positions than expected last month. By 09:41 ET (13:41 GMT), the was up 159 points or 0.4%, while the was up 0.5%, and the was up 0.7%. The benchmark Wall Street indices closed lower Thursday, taking a breather after hefty gains during July, with surging bond yields weighing. Jobs report in spotlight The tech sector has led the way on the promise of artificial intelligence to the industry and in hope the would…
JULY LABOR MARKET REPORTJuly U.S. nonfarm payrolls at 187,000 versus 200,000 expectedUnemployment rate ticks down to 3.5%, one-tenth of a percent below consensus estimatesGold rises while the U.S. dollar slides following the release of the employment report Recommended by Diego Colman Get Your Free USD Forecast Most Read: Euro Price Outlook – EURUSD on Breakout Watch, EURGBP Range ContinuesU.S. employers continued to add to their ranks at a healthy pace at the start of the third quarter for an economy in the advanced stage of the business cycle, but hiring slowed moderately from earlier in the year, a sign that…
At this point we’ve already heard from Saudi Arabia and Russia about their policies for September so there’s not much for the JMMC to say. WTI crude is up 34-cents to $81.89. This article was written by Adam Button at www.forexlive.com. Source link
Ages ago, horsemen invented blinders to keep their horses focused on their work. Blinders are pieces of leather attached to the horse’s bridle that prevent them from seeing anything except what’s in front of them. Without blinders, a horse can see almost completely behind itself without turning its head and can be easily spooked by movement or objects it doesn’t recognize. By having fewer distractions, the horse is more dependable and is better focused on getting the job done. As a trader, I’ve found that whenever I started comparing my trading performance with other forex traders, my performance would usually…
Oil Prices, Charts, and AnalysisOil bolstered by Saudi Arabia, Russia output cutsOPEC+ meeting and US Jobs Report later. Recommended by Nick Cawley Get Your Free Oil Forecast The price of oil is trying to make a fresh three-month high after Saudi Arabia and Russia extended their output cuts yesterday. Saudi Arabia announced that it would extend its one million barrels a day cut by a further month until the end of September, while Russia said that it would cut output by 300,000 barrels a day next month. Yesterday’s announcement followed Wednesday’s news of a sharp drop in crude oil stocks.…
Euro (EUR/USD, EUR/GBP) Analysis Recommended by Richard Snow Get Your Free EUR Forecast European Data Set the Bearish Tone Earlier in the WeekThe euro has experienced a sizeable selloff which only continued as the week progressed as EU data softened and US data remained relatively strong. On Monday we saw core inflation edge higher in July but the same could be said for Q2 GDP – surprising the market with a 0.3% QoQ rise after Q1 ended flat.That’s about as good as the data got because German and EU manufacturing PMI reported disappointing figures as new orders slowed despite rapidly…
Article by IG Chief Market Analyst Chris BeauchampFTSE 100, DAX 40, Nasdaq 100, Prices, Analysis and ChartsFTSE 100 claws its way back from Thursday lowsThursday witnessed an impressive recovery from the lows of the session for the index. Having slumped briefly to a three-week low the price has now rebounded. A follow-through back above 7600 would add to the bullish view and suggest that a recovery is in play once more. This then opens the way to 7700 and then to the May highs around 7800.Sellers will need a drop back below 7500 and then below 7400 to provide a…