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]
Australia CFTC AUD NC Net Positions: $-78.1K vs $-81.3K
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]