The US dollar is making fresh lows for the week as the stock market sizzles. The S&P 500 is up 1.1% and the Russell 2000 up 2.8% in a broad rally in risk assets after a jobs report that painted a benign picture of the economy. The market is now pricing in 98 bps in
Hello traders, Today I spotted three trading setups and l placed four positions in total. My first trade was a short position on GBPGBY 1 hour timeframe. it was a well formed supply zone that was formed inside higher timeframe zone. Finally price went through the zone and it was losing trade. After that, I
Share: In one year, Americans will elect their president. Polls show Donald Trump in a neck-and-neck race with incumbent Joe Biden. Economists at Commerzbank analyze market implications of the US elections. Prolonged period with unclear winner to weigh on the markets for some time In 2024, it will likely be important to see
USDMXN daily MUFG Research added 2 new trades to its TOTW portfolio. Short USD/MXN – (spot ref @ 17.400), Target @ 16.900 & Stop @ 17.800 and Short USD/SEK – (spot ref @ 10.980,) Target @ 10.650 & Stop @ 11.200. “We are recommending a new short USD/MXN trade idea. While the pair has already
EUR/USD: A Bad Week for the Dollar ● Throughout the week, the Dollar Index DXY, along with EUR/USD, appeared to be riding the waves, moving up and down. At the beginning of the week, preliminary data for Europe was released. In terms of annual growth, the GDP of the Eurozone in the third quarter was
Share: The DXY sank towards 105.05, its lowest level since mid-September. US government bond yields are retreating, also standing at lows since September. Job creation decelerated in October in the US as well as Hourly Earnings, while the Unemployment Rate increased. The US Dollar (USD) witnessed a significant drop on Friday, with the US
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Higher equilibrium unemployment does put upwards pressure on interest rates UK unemployment is currently 4.2%, which is a long way to 6%. This article was written by Adam Button at www.forexlive.com. لینک منبع : هوشمند نیوز
Share: The Canadian Dollar is bounding higher, extending weekly gains. Canada Unemployment Rate missed forecasts, hampering CAD upside. CAD gains 17.5K jobs, entirely part-time employment; wage growth also lower. The Canadian Dollar (CAD) is seeing further upside against the US Dollar (USD) after a US Nonfarm Payrolls (NFP) report that came in below
Oil rigs -8 Gas rigs +1 The response to the recent oil price bump has been muted. That might reflect the calendar more than sentiment but we will get a better idea once 2024 budgets begin rolling out. From what I’ve seen so far there is a strong commitment to capital discipline but Exxon, for
