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
Share: EUR/USD rallies amid a softer US labor market, with Nonfarm Payrolls missing the 180K target. Speculation grows for Fed rate cuts in H2 2024 as hiring slows and unemployment ticks up. Despite EU’s own economic slowdown, the Euro benefits from broad USD weakness and reduced rate hike bets. EUR/USD rallies during Friday’s
Closing changes: Stoxx 600 +0.2% German DAX +0.3% UK FTSE 100 -0.6% French CAC -0.1% Italy MIB +0.7% Spain IBEX +0.4% On the week: Stoxx 600 +3.4% German DAX +3.8% UK FTSE 100 +1.5% French CAC +3.7% Italy MIB +5.1% Spain IBEX +4.2% It was a good week but it’s disappointing that European stocks couldn’t
Share: Mexican Peso gains as US Nonfarm Payrolls expand by only 150K, missing the 180K forecast. Weak US jobs report fuels speculation of multiple Fed rate cuts in 2024, as futures markets indicate. USD/MXN reacts to US labor market cooling, with the Peso hitting a two-month high and US Dollar Index falling. Mexican
This week there have been some big shifts on the market’s thinking around the path of Fed policy. Given the market moves, it’s no surprise that’s in a dovish direction. At the start of the week, the Fed funds futures market was pricing in 74 bps of rate cuts by the end of 2024. That’s
