US Dollar dives due to falling US yields and soft labor market data

[ad_1] 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

RSI 3TF Alert MT4 Indicator

[ad_1] In the fast-paced world of financial markets, traders are constantly seeking tools and strategies to gain an edge. One such tool that has gained popularity in recent years is the RSI 3TF Alert MT4 Indicator. This indicator combines technical analysis with alerts to help traders make informed decisions. In this article, we will explore

Canadian Dollar extends gains following risk-on market surge on US NFP data miss

[ad_1] 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

Baker Hughes US oil rig count 496 vs 504 prior

[ad_1] 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,

EUR/USD soars above 1.0700, refreshes two-month highs post-US NFP weak data

[ad_1] 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

European equities didn't rinish as strongly as you'd hope

[ad_1] 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

Mexican Peso set for strong weekly finish, eyes on upcoming Banxico meeting

[ad_1] 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.