NZD/USD falls 0.84% on Friday to trade at 0.6170. The RSI and MACD indicators align with the bearish outlook, signaling negative momentum. The 20-day SMA presents a strong barrier against the sellers. The NZD/USD pair has been trading lacklusterly … [Continue reading]
US Dollar held its ground after mixed NFPs
US Dollar recovers ground after mixed August Nonfarm Payrolls data. Fed official downplayed discussions of a larger rate cut in September than 25 bps. Markets are seeing 40% odds of a 50 bps cut in the next Fed meeting. The US Dollar Index (DXY), a … [Continue reading]
Australian Dollar struggles to gain on RBA’s hawkish posture
AUD/USD falls and struggles to gain ground against the USD. US Nonfarm Payrolls disappoint with 142K new jobs added, below the 160K estimate. RBA's hawkish stance suggests no imminent rate cuts, which might support the AUD. The AUD/USD declined by … [Continue reading]
Mexican Peso falls on concerns over judicial reform, ends week down over 1.40%
Mexican Peso tumbles as USD/MXN rallies above 20.00 following mixed US jobs data, hitting a daily high of 20.09 before retreating. Fed rate cut expectations remain uncertain, fluctuating between 50 and 25 bps, adding pressure on the Mexican Peso. … [Continue reading]
Bitcoin nears $54K as August NFP report sparks liquidations
US releases NFP jobs data for August, which once again came in below expectations. NFP report has historically affected the price of Bitcoin and, ultimately, the crypto market. Bitcoin's price slid under $55K, sparking nearly $82 million in … [Continue reading]
Dow Jones Industrial Average falls again after NFP figures undershoot forecasts
The Dow Jones fell another 400 points on Friday after NFP jobs data missed the mark. US job additions continue to underperform, and downside revisions remain a concern. Despite the miss in NFP employment, market bets for a 25 bps cut come out on … [Continue reading]
USD/JPY Price Prediction: Bouncing from close to August 5 lows
USD/JPY is rebounding from key support near the August 5 lows. It is forming a bullish candlestick although it is not possible to be certain until the current 4-hour period ends. The trend remains bearish although a correction higher … [Continue reading]
CAD: Watch for more jobs weakness – ING
The Bank of Canada delivered a widely expected 25bp rate cut on Wednesday. The BoC event did not move markets significantly, and the USD/CAD dive shortly after the announcement was instead mostly due to soft US JOLT figures, ING’s FX … [Continue reading]
Gold price extends the range play below weekly top, looks to US NFP for fresh impetus
Gold price continues to draw support from dovish Fed-inspired USD selling bias. Worries about a US economic downturn further underpin the safe-haven metal. Traders turn cautious ahead of the release of the crucial US employment details. … [Continue reading]
TON up as Telegram CEO speaks up following arrest
Pavel Durov spoke against the French government's action in a post to his community. Durov claimed that he had been very open to the French authorities and was surprised at their action. TON rose nearly 4% in the past 24 hours. Telegram CEO Pavel … [Continue reading]