The Australian Dollar moves sideways amid increased risk aversion.The AUD found support after Australia was excluded from the latest round of US tariff increases.A weaker US jobs data led markets to price in two interest rate cuts by the Fed.The … [Continue reading]
NZD/USD softens to near 0.5900 ahead of China’s trade deadline
NZD/USD slumps to around 0.5915 in Monday’s Asian session.US July NFP report showed a deteriorating labor market, boosting the odds of a September Fed rate reduction.New Zealand’s employment data will be the highlight later on … [Continue reading]
United States Total Vehicle Sales up to 16.4M in July from previous 15.3M
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/JPY Price Forecast: Slides over 2% on weak US data, tumbles below 147.50
USD/JPY drops from 150.91 to 147.28 on soft Nonfarm Payrolls.Pair falls below 200-day and 20-day SMAs, RSI turns bearish.Next key support sits at 145.71, where 50- and 100-day SMAs converge.The USD/JPY is set to end the week with losses of 0.18% … [Continue reading]
EUR/USD skyrockets as US jobs data triggers Fed rate cut bets
EUR/USD rallies from 1.1391 to 1.1554, gaining over 1% on Friday.July Nonfarm Payrolls show just 73K jobs added; May–June revisions slash 258K jobs.Fed funds futures price in 62 bps of easing by December; 76% odds of a September rate cut.EU inflation … [Continue reading]
Canadian Dollar snaps losing streak on volatile NFP Friday
The Canadian Dollar caught a much-needed boost against the US Dollar on Friday.Bearish Loonie flows reversed direction after the US Dollar took a hit post-NFP.Souring US jobs data has knocked the Greenback sharply lower.The Canadian Dollar (CAD) came … [Continue reading]
United States CFTC Oil NC Net Positions climbed from previous 153.3K to 156K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
United States CFTC S&P 500 NC Net Positions: $-163.2K vs $-168.5K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
United States CFTC Gold NC Net Positions down to $223.6K from previous $253K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
United Kingdom CFTC GBP NC Net Positions: £-12K vs previous £0.6K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]