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
Share: USD/JPY ascends to 149.50, rebounding from lows, driven by a US jobs report that eclipsed market expectations. Despite a surge, USD/JPY retraces slightly, settling around 149.20, with US 10-year note yielding at a sturdy 4.780%. Japanese officials express concerns over Yen volatility, while a rise in the 10-year JGB coupon hints at
USD/CAD PRICE, CHARTS AND ANALYSIS: Read More: The Bank of Canada: A Trader’s Guide USDCAD had finally broken above the October 2022 descending trendline this week but has since run into some resistance just shy of the 1.3800 mark. This could just be a short-term retracement before a bullish continuation. Get your hands on the
Share: The US labor market held up surprisingly well in September. Pressure for another rate hike is rising, economists at Commerzbank report. Data for the previous months were revised significantly upward In September, job growth in the US amounted to 336K, which was significantly more than expected. The continued strong employment growth –
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
