Author: FX

USD/CAD steadies near 1.3800 after rebounding from a four-day low.Canada shed 65.5K jobs in August, unemployment rose to 7.1%, boosting BoC rate cut bets.US NFP showed only 22K jobs added, with unemployment at 4.3%, dragging the US Dollar and Treasury yields lower.The Canadian Dollar (CAD) weakens on Friday after dismal labor market data, but broad US Dollar (USD) softness following a weak US Nonfarm Payrolls (NFP) report kept USD/CAD’s upside in check. The pair is holding near the 1.3800 handle, rebounding from a four-day low in the aftermath of the release.Canada’s economy shed 65.5K jobs in August, marking the steepest…

The Governing Council kept policy on hold in July, and is likely to remain on hold at the September meeting and for the foreseeable future, ABN AMRO’s economists Nick Kounis and Bill Divney report. ECB is ‘well positioned’ to face the upcoming tariff impact and uncertainty”President Lagarde has said that the ECB is ‘well positioned’ to face the coming period of tariff impact and uncertainty. Despite the expected undershoot of the 2% inflation target, the GC seems minded to look through this on the expectation that inflation will return to target in 2027. Although the ECB’s inflation projections in June…

All aboard the rate-cut train.A soft US jobs report wasn’t bad enough to prompt recessions fears and instead the market is cheering on a more-dovish rate path for the Fed. There is now 134 bps in easing priced in, which gets the Fed close to 3%. What I worry is that we’re close to maximum easing already priced in, which doesn’t leave much of a Fed put from here if the data continues to worsen.The S&P 500 is up 22 points or 0.35% to 6525, which is a record high. The Russell 2000 likes it even better as it climbs…

WSJ Fedwatcher Nick Timiraos is out with a quick take on the jobs report. He doesn’t get too much into the details but says: A sharp slowdown in job growth this summer likely seals the case for the Federal Reserve to cut interest rates by a quarter percentage point at its meeting in two weeks.Notable is what he doesn’t say, which is that a 50 basis point cut is on the table. The market has bumped up 50 bps pricing to 14% now.Timiraos also write that the jobs report “further muddies the debate over the pace of cuts after [September].…

Most new forex traders make the same mistake: they try to skip straight to advanced strategies without building a foundation. It’s like trying to run before learning to walk, and it’s why so many fail. Dr. Benjamin Bloom from the University of Chicago studied 120 world-class performers, including elite athletes, concert pianists, and brilliant mathematicians. His discovery was remarkable: every single expert followed the same three-phase journey to mastery. No exceptions. No shortcuts. Phase One: The Playground Expertise begins with play, not work. Olympic swimmers started as kids who loved splashing in pools. Concert pianists began by being fascinated with…

Prior -32.8This is not a market-moving release. Consumer confidence has been improving steadily since the April’s lows but started to slip again from June onwards. The very high tariffs Trump slapped on Switzerland might be a big part of the problem. This article was written by Giuseppe Dellamotta at investinglive.com. Source link

The JJN Big Trend MT4 Indicator is built to track large-scale market movements. Instead of showing every small fluctuation, it focuses on highlighting the major direction of the market. This makes it especially useful for traders who prefer swing or position trading. By showing clear signals, the indicator reduces guesswork and allows traders to spot trend reversals or strong continuations. Its simple design makes it suitable for both beginners and experienced traders. Why Traders Use It Many traders turn to this indicator because it helps them avoid emotional decisions. Instead of reacting to minor price changes, they can focus on…

The U.S. dollar is grabbing the spotlight today as Uncle Sam rolls out the latest labor market numbers. We’ve got our eyes on USD/CHF after the pair just bounced off a key trend resistance area. What do you think of this setup? USD/CHF 4-hour Forex Chart by TradingView The U.S. dollar turned higher on Thursday even as 10-year Treasury yields slipped, a sign that traders are brushing off recession worries despite softer labor market signals. As for the Swiss franc, it could see fresh safe haven demand if Uncle Sam’s August jobs numbers end up weighing on the Greenback. Remember…

Gold has been on a tear these days, but it looks like bulls are hitting a roadblock and could be due for a correction soon. Is this a good chance to hop in the precious metal’s ongoing climb? Check out these potential support levels on the 4-hour time frame. Gold (XAU/USD) 4-hour Chart by TradingView After hitting one record high after another earlier this week, gold appears to be taking a breather from its ascent as traders are holding out for bigger market catalysts. The upcoming U.S. NFP report could have strong implications for overall market sentiment and risk trends,…

Lackluster US job growth anticipated in August; focus on revisions Source link