A Busy Week Ahead: Will USD Extend Gains? EURUSD: The US Dollar rose against the major currencies last Friday due to the positive US Jobs Report. US job creation beat the consensus in August. The Nonfarm Payrolls (NFP) rose by 201K which is higher than the forecast of 191K. The previous month’s reading of NFP was revised to 147K from 157K. The unemployment rate unexpectedly held steady at 3.9%, even though...
09 Sep 18 (Sun)
08:01 pm Read MoreThe Biggest trading event of the month! US Nonfarm Payrolls Is In Focus! EURUSD: The EURUSD pair hit the key resistance level of 1.1720 and then pulled back last week. After an aggressively bearish five days, Wednesday's US GDP helped the US Dollar. The U.S. economy grew at a slightly faster pace than estimated in the second quarter, with the rate of growth the fastest it has been since late 2014. The US GDP...
02 Sep 18 (Sun)
07:24 pm Read MoreUS GDP Is In Focus; Will EURUSD Continue To Recover? EUR/USD: The US Dollar has extended losses for a second consecutive week. The Euro rose versus the greenback and closed last week above the daily level of 1.1607. Investors took Powell’s Friday speech as a more dovish stance in the Jackson Hole Symposium. Federal Reserve chairman Jerome Powell emphasized the central bank’s plans for gradual interest rate hik...
26 Aug 18 (Sun)
07:34 pm Read MoreUSD Bullish Action Continues EUR/USD: The US dollar has extended gains last week and hit a 13-month high versus all major currencies. Strong USD is dominated in the market as emerging market turmoil stokes haven demand. US tensions with Iran, Turkey, and Russia remain unresolved and trade war worries continue to escalate. If we look at last week's US inflation number; in the 12 months through July, the CPI incre...
12 Aug 18 (Sun)
08:44 pm Read MoreUSD Bullish Action Continues EUR/USD: The US dollar has extended gains last week and hit a 13-month high versus all major currencies. Strong USD is dominated in the market as emerging market turmoil stokes haven demand. US tensions with Iran, Turkey, and Russia remain unresolved and trade war worries continue to escalate. If we look at last week's US inflation number; in the 12 months through July, the CPI in...
12 Aug 18 (Sun)
05:20 pm Read MoreWill The EURUSD Rise Continue? EUR/USD: The EURUSD pair jumped up after US Jobs Report was published last Friday. The Non-Farm Payrolls rose by 213K in June, which is higher than the consensus estimate for the creation of 200K jobs. The previous month’s reading of NFP was revised to 244K from the 223K registered initially. However, the unemployment rate unexpectedly rose from 3.8% to 4.0%. Average hourly earnings advanced 0.2% month-on...
09 Jul 18 (Mon)
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