Share: The GBP/USD is climbing into the 1.2400 handle to cap off a trading week that saw the pair mostly flounder around the averages. After US Nonfarm Payrolls (NFP) came in well below expectations the Pound Sterling (GBP) climbed 1.6% from Friday’s opening bids near 1.2190, and the GPB/USD is up almost 2.5%
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Dow at one-week high The index surged on Monday, rallying back towards the 200-day simple moving average (SMA). This comes after the gains made on Friday following the payrolls report. For the moment a low appears to be
Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy A slight breather in the Treasury yields rally allowed Wall Street to turn in a positive session overnight, while VIX retraced for the second straight day after nearing its key psychological 20 level, which are generally looked upon as
The major US stock indices traded above and below unchanged today in up-and-down trading, but each of the indices is ending the day in the red. A snapshot of the closing levels shows: Dow industrial average -106.60 points or -0.31% at 3393.83 S&P index -9.96 points or -0.23% at 4320.05 NASDAQ index -12.19 points or
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EUR/USD: USA Labor Market Stops USD ● Jerome Powell played on the dollar side last week. Of course, the Fed Chairman knew that markets expected an interest rate increase of 25 basis points (bps) from the next FOMC (Federal Open Market Committee) meeting. But he did not rule out that his organization could take a
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