Unexpected sharp drop in US unemployment and solid NFP data lift dollar
The dollar rose against its major counterparts on Friday after US NFP data.
Report showed 1.37M new jobs added in August (vs 1.4M f/c and downward revised 1.73M in July) which points to a slowdown in labor sector recovery process, but…
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Turkish lira falls to new record low
Bulls are consolidating under new marginally higher new record high (7.4542), following Thursday’s nearly 0.8% advance after data showed that inflation remains high (m/m 0.86% from 0.58% prior; y/y 11.77% from 11.76 prior).…
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Techs point lower but weak NFP would inflate euro
The Euro is holding in a narrow range on Friday, awaiting release of key US jobs report for August.
Techs continue to point lower despite Thursday’s strong downside rejection and failure to close below pivotal supports at 1.1822/16 zone…
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Pullback loses traction but fundamentals and techs continue to point lower
Pullback from new 2020 high extended into third straight day but fresh bears are taking a breather after faced headwinds from bids from last week’s low (1.1762) and showing hesitation to clearly break pivotal supports at 1.1820 …
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Dollar’s recovery could extend towards key Fibo barrier at 94.03
The dollar eased from recovery high (93.06) in immediate reaction on better than expected US jobless claims data.
Initial claims for state unemployment benefits were 881K for the week ended on 29 Aug, in comparison to previous week’s…
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