Share: The DXY rose by more than 0.80% to 103.90 on Friday US Nonfarm Payrolls came in higher than expected for January. US bond yields are sharply increasing as markets push to May the start of the easing cycle. The US Dollar (USD) rose to 103.90 … [Continue reading]
NZD/USD faces strong downward force amid surprising strong NFP figures
Share: The NZD/USD showed a strong downward swing, falling near the 0.6060 level. US Nonfarm Payrolls added 353K jobs in January surpassing by a wide margin the expectations. The bets of a rate cut in March sharply declined and markets pushed the … [Continue reading]
EUR/JPY Price Analysis: Reclaims 160.00 amid upbeat sentiment
Share: EUR/JPY rises to 160.07 amid risk-on mood, US equity gains, surpassing key 160.00 mark. Technical outlook hints at further rise, aiming for January 19 high at 161.81, with 162.00 as next goal. Falling below 160.00 may lead to support retest … [Continue reading]
Canadian Dollar gains, but Greenback gains more after NFP goes gangbusters
Share: Markets pile into the US Dollar after NFP posts biggest number in a year. Canada wrapped up econ data on Wednesday, Loonie traders await Ivey PMIs next Tuesday. US NFPs also saw huge revisions on the back end. The Canadian Dollar (CAD) is … [Continue reading]
Breaking: US Nonfarm Payrolls increase by 353,000 in January vs. 180,000 expected
Share: Nonfarm Payrolls (NFP) in the US rose by 353,000 in January, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 333,000 increase (revised from 216,000) recorded in December and surpassed the market … [Continue reading]
EUR/USD Forecast: Euro could extend recovery on a soft US jobs report
Share: EUR/USD continues to edge higher following Thursday's rally. Nonfarm Payrolls in the US are forecast to rise by 180,000. The pair could encounter stiff resistance at around 1.0900. After touching its lowest level since December 13 at 1.0780 … [Continue reading]
Gold price stands tall near one-month peak as spotlight shifts to US NFP report
Share: Gold price consolidates its recent gains to a one-month peak touched on Thursday. Traders opt to wait on the sidelines ahead of the release of the critical US jobs report. A combination of factors lends support to the XAU/USD and favours … [Continue reading]
Japan Monetary Base (YoY) fell from previous 7.8% to 4.8% in January
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]
Forex Today: US Payrolls take centre stage
Share: The FX universe witnessed a resumption of the appetite for the risk-linked assets ahead of the imminent release of the US labour market report at the end of the week. In line with the Federal Reserve and the ECB, the BoE left its policy rate … [Continue reading]
US ISM Manufacturing PMI improves to 49.1 in January vs. 47 expected
Share: ISM Manufacturing PMI came in better than expected in January. US Dollar Index holds steady near 103.50 after the data. Business activity in the US manufacturing sector continued to contract in January, albeit at a softer pace than … [Continue reading]