USD/JPY AND AUD/USD OUTLOOK: USD/JPY retreats for the second straight day as the broader U.S. dollar softens after the Fed fails to steer markets toward pricing another hike Meanwhile, AUD/USD breaks out to the topside after clearing trendline resistance Attention now turns to Friday’s U.S. economic data, which includes the nonfarm payrolls report and the
EUR/USD ANALYSIS Euro area economic situation stays weak but EUR bulls capitalize on US data. NFP and US ISM services PMI in focus tomorrow. EUR/USD stays within developing rising wedge. Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts
Mon: German Prelim CPI (Oct), EZ Sentiment Survey (Oct), Japanese Retail Sales (Sep) and Industrial Output (Sep) Tue: BoJ Announcement + Outlook Report, Chinese Official PMIs (Oct), EZ Flash CPI (Sep) and GDP (Q3) Wed: FOMC & BCB Policy Announcements, RBNZ FSR, All Saints Day; Japanese Jibun Final Manufacturing PMI (Oct), Chinese Caixin Final Manufacturing
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Share: US equities caught a firm bid on Friday after a bumper NFP beat. The S&P 500 has pinged a new high for the week as investors pile out of safe havens to close out the trading week. Inflation data for the US will be the key focus moving forward as markets watch
Share: The AUD/USD caught a much-needed bid in Friday trading after the US NFP report clobbered forecasts. The Aussie still remains buried deep in bear country after falling to fresh lows for 2023 in the early week. Market focus is set to crystallize on US inflation expectations next week. The AUD/USD etched in
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
Share: The NZD/USD is bounding higher as the US Dollar falls back on NFP data beats. Kiwi catches enough lift to tap the 0.6000 major level post-NFP. The Kiwi is now grasping to stay flat on the week. Friday markets are seeing a broad reversal of the week’s flows after the US Non-Farm
Share: EUR/USD catches a firm lift post-US NFP release, climbing 1.12% from the day’s bottom. Broad-market flows have gone firmly risk-on following a bumper NFP reading for the USD. Euro traders will be looking ahead to Monday’s investor confidence indicator for October. The EUR/USD climbed 117 pips from Friday’s bottom bids of 1.0482
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, S&P 500, Russell 2000 Analysis and Charts FTSE 100 tries to recover from one-month low The FTSE 100 is seen heading back up towards its 55-day simple moving average (SMA) at 7,521 while awaiting key US employment data.If overcome, another attempt at reaching the
