British Pound, GBP/USD, EUR/GBP – Technical Update: Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound has been making upside progress against the US Dollar and Euro. With regards to GBP/USD, the past 3 trading sessions have produced a gain of about 0.9%. This is marking the best 3-day performance since the
Share: Canadian Dollar market flows turn bullish following US & Canada labor data prints. Canada Unemployment Rate flat at 5.5%, US unemployment holds at 3.8%. US NFP handily beats expectations with slightly softer earnings. The Canadian Dollar (CAD) is climbing to fresh highs, set to challenge Monday’s trading range following a bumper labor
The broader major indices closed sharply lower today led by the NASDAQ index which fell -1.56%. The S&P index fell -1.22%. The declines push the indices into the red for the trading week. The Dow industrial average fell -0.83%. For the trading week, Dow industrial average closed up 0.12% S&P index fell -0.16% NASDAQ index
CANADIAN DOLLAR FORECAST: USD/CAD slides in response to robust employment survey results from Canada Canadian employers added 39,900 jobs last month versus 15,000 expected, signaling economic resilience In the upcoming week, the spotlight will be on the August U.S. inflation report Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market
USD/JPY KEY POINTS The U.S. dollar, as measured by the DXY index, gains on soaring yields, boosting USD/JPY to its higher level since November 2022 The fundamental picture remains negative for the Japanese yen against the U.S. currency This article discusses the main technical levels of the USD/JPY pair that Forex traders should be aware
Euro, EUR/USD, 100-day MA Breakout – Technical Update: The Euro closed at its lowest since early July on Monday EUR/USD also broke under the 100-day moving average The 4-hour chart gives us a better idea of support levels Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The US Dollar might be readying to extend
This bull market started with tech and it might die with tech. Amazon shares surged higher today on strong cloud revenue but Apple posted slowing sales, including of the iPhone and that has led to a heavy round of profit taking. Shares are down 4.6%. The entire summer run-up in Apple has now been erased
