Share: Australian Dollar rallies versus the US Dollar on Friday after Nonfarm Payrolls misses expectations. The Aussie had already been recovering after markets adopted a risk-on mode reflected in rising Asian stock indices. AUD/USD found a floor at 0.6514 on Thursday and then recovered on the back of upbeat Australian trade data and
Share: Mullen held its shareholder meeting on August 3 but it is unclear whether the company received enough votes for another reverse stock split. July US Nonfarm Payrolls surprised to the downside – weighing on the US Dollar but supporting stocks. S&P 500 and NASDAQ 100 both gain in early Friday trade Mullen Automotive
Share: Australian Dollar falls to a temporary support level against the US Dollar on Thursday. The Aussie is relieved by upbeat Australian trade balance data and Chinese services sector PMIs. The general market mood remains depressed, however, broadly favoring the USD over the AUD. The Australian Dollar (AUD) finds temporary support against the US
Share: GBP/JPY stays pressured after reversing from three-week-old ascending resistance line. Downbeat oscillators, fears of BoE’s dovish hike direct sellers toward previous resistance line. Buyers need validation from BoE Governor Andrew Bailey and yearly high marked in July to retake control. GBP/JPY holds lower grounds near 182.00 after snapping a three-day uptrend the
Share: The Bank of England (BoE) will announce its Interest Rate Decision on Thursday, August 3 at 11:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 10 major banks. Read More… The Pound Sterling (GBP) remained subdued on Wednesday as investors await the
Share: Dow Jones futures fall 0.3% after Fitch downgrades US credit rating to AA+. DJIA is overbought on daily RSI as it trends higher near 35,750 resistance level. US July ADP Employment Change arrives at 324K, way above 189K expectation. Analysts expect Friday’s July Nonfarm Payrolls data to decline to 200K. The Dow
Share: The GBP weakened on Tuesday against the USD as the Greenback gained ground against most of its rivals. Ahead of Thursday’s Bank of England (BoE) decision, the weak British made the GBP lose interest while markets await key labour data from the US. Economic data reported on the session from the US
Share: Economists at Société Générale analyze USD/KRW technical outlook. Reclaiming the 200-DMA essential for affirming an extended up-move USD/KRW has experienced a deeper pullback after failing to overcome a multi-month trend line and the 200-DMA near 1,324 (now at 1,305/1,310). It has recently formed an interim trough near 1,257. An initial bounce is
Share: The US Dollar is slightly weaker against its major rivals to begin the week. The US Dollar Index stays above 101.50 after posting gains last week. US jobs report and other high-tier data releases this week could drive USD performance. The US Dollar stays marginally weaker on Monday after posting strong gains
Share: The US Dollar struggles to build on weekly gains on Friday. The US Dollar Index stays near 101.50 following Thursday’s rally. US PCE inflation data for June came in softer than expected. The US Dollar stays under modest selling pressure on Friday after posting strong gains against its rivals on Thursday. The USD
