Despite the strength in the US data this week and another beat in Jobless Claims yesterday, the Nasdaq Composite didn’t sell off like we saw in the past week. The index is hovering around a key support level and it looks like the soft landing vibes might be returning now that the hangover from the
Euro Analysis (EUR/USD, EUR/JPY) EUR/USD Driven by Countertrend Move is Yields, USD In an unsurprising fashion markets have cooled off in anticipation of today’s NFP print which was always going to be the standout event this week. Lackluster EU PMI data at the start of the week sent the euro lower against most of its
© Reuters Investing.com – The U.S. dollar traded higher Friday, on course for another positive week, ahead of the release of the monthly U.S. nonfarm payrolls which could influence Federal Reserve thinking. At 03:40 ET (07:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at
Share: Canadian jobs figures may tilt market pricing towards another BoC rate hike, but watch for data volatility, economists at ING report. Key jobs figures to steer rate expectations As it often happens, Canadian jobs figures will be released at the same time as the US ones, and the USD/CAD reaction will depend
Japanese Yen (USD/JPY) Prices, Charts, and Analysis USD/JPY remain close to 150.00 despite BoJ warnings. US Jobs Report may help or hinder the Japanese central bank. Download our Brand New Q4 Japanese Yen Forecast for Free Recommended by Nick Cawley Get Your Free JPY Forecast The US Jobs Report (NFP) is a closely watched monthly
It has been a quiet day in the markets with subdued volumes and small changes: in America US30 ticked down 0.03% while both US500 & US100 lost around 0.1% and volumes have been 15% lower than the 30-day average. But European indices and other asset calls such as metals also showed a lot of indecision,
The ranges from the survey are useful to be aware of for such high-profile data. When the actual results fall outside the range of estimates the market impact can be outsized. I posted earlier in the week the range of estimates for the ADP data, which then came in well below. The market response was
Gold and Silver: Near-Term Technical Update Gold and silver prices take a breather from losses This is allowing support levels to be reinforced What are key levels to watch in the event of breakouts? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast XAU/USD Analysis In recent days, gold and silver prices have pressed the
GBP PRICE, CHARTS AND ANALYSIS: Read More: Bitcoin Technical Outlook: Price Action Remains Choppy Heading into Q4 GBP has arrested its slump with a midweek recovery largely thanks to a recovery in overall risk sentiment. Cable has been the bigger beneficiary as the improving risk sentiment has seen the Dollar Index and US Treasury Yield
