Gold surges as strong NFP miss prompts traders into safety
Spot gold surged to new 2 ½ week high on Friday, following strong US NFP miss, as the report from US Labor Department showed that employment increased far less than expected in September.
Downbeat figures (Sep 194K vs 500K f/c and…
Read More...
Read More...
AUDUSD bulls lose traction ahead of US NFP data
The Australian dollar dipped below 0.73 mark in Europe on Friday after the action was repeatedly capped by daily Kijun-sen (0.7324), pressured by higher dollar ahead of US jobs report.
Daily technical studies generate initial negative…
Read More...
Read More...
Strong US jobs report could push Euro significantly lower
The Euro remains at the back foot but Thursday’s Doji and tight ranges in early Friday, signal hesitation, as bears face headwinds from cracked weekly cloud base (1.1538).
Traders await US jobs report for stronger signals with likely…
Read More...
Read More...
Growth in the US labor sector is expected to pick up in September
The US labor sector likely grew at a higher pace in September as the latest wave of the Delta variant of Coronavirus started to fade.
Economists’ surveys point to a rise in non-farm payrolls by 500,000 last month, with forecasts ranging…
Read More...
Read More...
The US weekly jobless claims made the biggest drop in three months last week
The US weekly jobless claims fell by 38,000 to 326,000 in the week ending October 2, from downwardly revised previous week’s figure at 364,000 and also dipped below 348,000 forecast.
The claims for jobless benefits registered the biggest…
Read More...
Read More...
Renewed rate hike hopes keep sterling afloat
Cable edged higher on Thursday, following a limited pullback previous day, remaining inflated by improved global risk sentiment.
The Bank of England said that the size and duration of a recent jump in inflation is greater than expected,…
Read More...
Read More...
Bulls lose traction but expected to remain in play as bear-trap underpins the action
The USDJPY is standing at the back foot in early European trading on Thursday after long-legged Doji on Wednesday signaled that previous day’s strong rally lost traction.
Near-term action is underpinned by a bear-trap under 110.94 (Fibo…
Read More...
Read More...
Risk aversion and UK data miss push sterling lower after four-day rally
Fresh risk aversion, combined with weaker than expected UK data, pushed sterling nearly 0.5% down in European trading on Wednesday.
Strong rebound in past four days lost steam at initial barrier at 1.3641 (Aug 20 low) and ahead of 1.3662…
Read More...
Read More...
Supply issues and inflationary pressures reduced the speed of EU’s business growth in September
Eurozone’s business growth remained strong in September, as most of restrictions imposed to contain Covid-19 pandemic have been lifted, but activities slightly slowed, compared to the previous month.
EU’s Composite Purchasing Managers’…
Read More...
Read More...
Bears regain traction after minor recovery but may stay on hold until US NFP data
The Euro returns to red on Tuesday after minor correction in past two days lost traction ahead of initial resistances at 1.1660 zone.
The pair keeps negative tone but probes below pivotal 1.16 support zone, so far lacked strength to make a…
Read More...
Read More...