US Nonfarm Payrolls rose by 155k in November, missing expectations of 198k expected. However, this does not change the outlook of the Fed who are expected to hike this month.
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Friday, 7 December 2018
Oil Soars After OPEC+ Meeting Agree Production Cuts
Brent crude jumps over 4% after delegates from the OPEC+ meeting said that a cut of 1.2 million barrels a day has been agreed, tightening market conditions.
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Charts for Next Week – EUR/USD, USD/JPY, Gold Price & More
The Euro triangle continues to build, so does a bigger one in USD/JPY, while gold has a decision to make at resistance.
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Lackluster Non-Farm Payrolls (NFP) Report to Fuel EUR/USD Rate Rebound
Signs of limited wage growth may spark a bearish reaction in the U.S. dollar as it dampens the outlook for growth and inflation.
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Brexit Latest: Rumors and Delays Press Down on Sterling (GBP)
Brexit news and rumors continue to constrain Sterling but GBPUSD may get a slight boost if the US jobs report meets current market expectations.
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Becoming a Better Trader – What Is Your Trading Style?
In this webinar, I discussed the importance of knowing your approach to markets as well as some tips for knowing which markets and times one should avoid based on their style of trading.
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CAD Technical Analysis Overview: USDCAD, CADJPY, EURCAD
USDCAD continues its upward trajectory, while CADJPY has scope for a move towards 82.00. Potential pullback for EURCAD after failure to close above trendline.
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Bitcoin, Ethereum, Ripple: Markets Crash to Fresh Yearly Lows
The cryptocurrency market is in full sell-off mode with little or no levels of support seen on the charts. Some coins look oversold using one indicator, but prices continue to drop.
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S&P 500 & Dow Jones Charts: Volatility May Simmer Down After Springboard Bounce
It's been a wild week of trading with the market tanking into support then posting a fierce rally yesterday; operations need to be focused on short-term maneuvers right now.
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US Dollar May Rise as Jobs Data Revives Fed Rate Hike Bets
The US Dollar may move higher against most of its major currency counterparts as November’s jobs data suggests a data-dependent Fed need not be dovish.
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Thursday, 6 December 2018
Asian Stocks Gain On Hopes Fed May Hold Fire, US Payrolls Up Next
There was a late-week reprieve for battered Asia Pacific stock markets as investors took heart from a report suggesting that there may be fewer US rate rises next year
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Can Gold Prices Keep Gains After Brexit Draft Vote, US CPI, ECB?
Gold gained amidst a weaker US Dollar, lower government bond yields on market-wide pessimism. Next week contain numerous uncertainties for gold: Brexit draft vote, US CPI and ECB.
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Gold Prices May Fall as US Jobs Data Validates Chart Setup
Gold prices may turn lower, validating bearish technical cues as November’s US jobs report boosts Fed rate hike bets and sends the Dollar higher.
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New Zealand Dollar Carves an Exceptional Move Away from the Bright Fundamental Lights
Volatility creates more problems than opportunities for the vast majority of traders. Yet, what many don’t understand is that fundamentals – event risk and themes – is a charge on volatility. The Kiwi has deviated from these norms.
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EUR/GBP Technical Analysis: Range Support May Come Under Fire Next
EUR/GBP prices solidified their consolidation mode as traders eagerly await a breakout. Negative RSI divergence warns that the horizontal range of support could be under fire next.
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A Wild Ride for Risk Trends with an Unusual Trade Wars Update
The return of liquidity for US markets triggered an abrupt return to the selloff triggered earlier in the week. With renewed concern over trade wars, the Brexit course and with data like NFPs ahead, expect volatility.
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AUD/USD Technical Analysis: Bounce May Yield Short Trade Setup
A near-term Australian Dollar bounce may offer an opportunity to enter short before the dominant, long-term down trend is reasserted.
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Asia Stocks to Pause Declines Ahead of US NFPs? Crude Oil Jawboned
A last minute improvement in risk appetite as the S&P 500 almost filled its gap may result in Asia stocks pausing losses. Crude oil prices jawboned by OPEC news and US weekly output.
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AUD/USD Rate Snaps Upward Trend as Bearish Series Takes Shape
Recent price action raises the risk for a further decline in AUD/USD as both price and the RSI snap the bullish formations carried over from October.
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Bitcoin Sentiment Sparks a Bullish Bias
Recent changes in sentiment warn that the current Bitcoin Cash price trend may soon reverse higher despite the fact traders remain net-long.
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Posts (Atom)
ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....