Friday, 6 December 2019

US Dollar After NFP: GBP/USD, USD/CAD Testing Key Chart Levels

This morning's blowout NFP report squeezed USD bears. Is this but a blip in a bearish radar or the start of a whole new trend?

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Canadian Dollar Crushed on Weak Employment Data - USD/CAD Soars

Canadian Dollar drops on the back of weaker than expected jobs data, in which the employment change fell 71.2k vs. Exp. 10k increase, while the unemployment rate rose to 5.9%

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US Dollar Soars as Firm Jobs Report Underscores Less Dovish Fed

The US Dollar is ripping higher after November change nonfarm payrolls crossed the wires at 266K which crushed the median consensus of 180K.

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US Dollar, NZD/USD, AUD/JPY & More: Charts for Next Week

In today's session, we discussed the outlook for the US Dollar and several currency pairs including, but not limited to, Kiwi and Aussie-Yen.

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EUR/USD: US Dollar Volatility Elevated Around Nonfarm Payrolls

Forex traders should expect volatility in the US Dollar considering the average range in spot EUR/USD prices is 9x greater on days when nonfarm payrolls (NFP) data is released compared to any other...

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Sterling - GBP/USD Rally Simmers at Multi-Month High, US Non-Farm Payrolls Ahead

The recent rally in GBP/USD, driven by Sterling strength and US dollar weakness, is now on hold but further movement may be on the cards later today with the release of the latest US non-farm payro...

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US Dollar Outlook Bullish on Jobs Data Despite Trade War Risks

The US Dollar may rise if a cascade of employment statistics shows strong job creation and cools the urgency for 2020 Fed rate cuts in spite of mounting US-China trade tensions

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Thursday, 5 December 2019

Crude Oil Prces Slip as Markets Look To OPEC+, US Payrolls Data

Crude oil prices edged back a little as OPEC agreed to more production cuts and the market awaited ratification. Gold was steady as US labor numbers approached.

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US Dollar Outlook: USD/INR Rate May Gain After RBI Shocked Markets

The Indian Rupee soared after the Reserve Bank of India surprised with a rate hold. USD/INR may climb as support reinstates the uptrend ahead of Indian CPI and global trade tensions.

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British Pound Outlook Bullish Ahead of BBC Debate, UK Election

The British Pound may rise following the BBC debate between Prime Minister Boris Johnson and Leader of the Opposition Jeremy Corbyn ahead of the UK election on December 12.

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USD/CAD Rate Forecast: Monthly Opening Range Warns of Further Losses

The monthly opening range casts a bearish outlook for USD/CAD as the exchange rate snaps the range-bound price action from the last week of November.

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US Dollar Drop Eyes Support as the Euro and British Pound Rise

The US Dollar eyes its worst week since October as the Euro and British Pound rose. Treasury bills saw their lowest yield since 2018, likely reflecting US-China trade deal skepticism.

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US Dollar Volatility Due to Rise with Jobs Data & Fed on Deck

The US Dollar has succumbed to an influx of risk appetite driven by hopes for a partial US-China trade deal, but another robust nonfarm payrolls (NFP) report could send the Greenback higher.

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Australian Dollar Forecast: AUD/USD, AUD/JPY Test Key Resistance

The Australian Dollar has climbed versus the US Dollar and Japanese Yen in the last few months, despite waning risk appetite, so are the rebounds overdone or just beginning?

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Pre-NFP Price Action Setups Across the US Dollar

USD bears have continued to push through December and tomorrow brings NFP's.

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Global Rate Cut Cycle Looks Finished for Now - Central Bank Watch

Most major central banks won’t meet again until mid-January or early-February. For those with meetings remaining in 2020, no rate moves are expected.

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Oil Price Outlook: Crude Rips into Resistance – WTI Trade Levels

Oil prices have rallied more than 6% into the December open with crude now testing major weekly resistance. Here are the levels that matter on the WTI weekly chart.

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US Dollar Forecast: Major Topping Potential in Play? Key Levels for DXY Index

The US Dollar has continued to slide during the first week of December, bringing into focus a potentially major technical breakdown.

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Market Volatility: The Impact of Volatility in Major Financial Markets

Past periods of volatility set historical precedence for traders navigating the markets today. Discover the biggest volatility cycles and spikes ever witnessed.

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AUD/USD Down Under, Crude Oil Prices Choppy on OPEC - US Market Open

Volatile session thus far for crude oil futures as markets await OPEC’s decision, while AUD/USD is down under yet again on weak data.

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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...