US Dollar Swings on NFP Report Beat, Unemployment Below 9%

The August 2020 NFP report just crossed the wires and topped market estimates, which is bolstering the Dollar as the US economy added 1.3-million jobs and unemployment fell to 8.4%.

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Japanese Yen outlook: Unemployment data may prompt USD/JPY bulls

With NFP data scheduled for later today, could USD/JPY push up toward topside resistance?

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Gold Prices Flirt with Trend Reversal as US Jobs Data Looms Ahead

Gold prices are flirting with a major trend reversal that could upend the rise from March lows as all eyes turn to Augusts’ US jobs report. A soft result may weigh on XAU/USD.

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South African Rand Forecast: USD/ZAR, EUR/ZAR, GBP/ZAR Setups

Big levels in play as Rand flirts with key levels of support

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GBP/USD Drifts Ahead of NFPs, FTSE 100 Breaks Support After US Equity Rout

The monthly US Labor report awaits later today and markets are becoming increasingly nervous after Thursday’s heavy sell-off in the US equity markets.

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USD/CAD Poised to Resume Downtrend Ahead of Non-Farm Payrolls Report

The USD/CAD exchange rate appears poised to resume its 6-month downtrend ahead of the US Non-Farm Payrolls (NFP) report for August.

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NZD/USD Pulls Back from 2020 High as RBNZ Outlines Future Policy Tools

NZD/USD pulls back from a fresh yearly high (0.6789) as RBNZ Governor Adrian Orr provides an overview of the “additional tools that we are considering.”

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S&P 500 Sinks, Biden Leads Trump, China Releases New Chip Sector Plans

The S&P 500 experienced its biggest one-day slump since June 11 as China announced plans to boost domestic semi-conductor chip production. Biden continues to lead Trump in the polls.

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FTSE 100 Forecast: Technical Break Opens Door For Further Losses

The FTSE 100 suffered a key technical break after risk aversion in US equities spurred losses across the pond. Now, bears might look to extend their attack lower.

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US Dollar Drives Higher Ahead of NFP Report as Volatility Spikes

The US Dollar is advancing as the VIX Index ‘fear-gauge’ turns sharply higher amid the latest resurgence of investor risk aversion, and upcoming nonfarm payrolls could fuel volatility even further.

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Nasdaq 100, Dow Jones, S&P 500 Forecasts: Tech Stocks Falter, Lead Selloff

US equity markets opened to unrest on Thursday as leading members of the technology sector seemed to spark broader market turbulence. As a result, stocks are on pace for their biggest losses in weeks.

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Gold Price Forecast: Gold Slumps to Start September, Support in Sight

Gold came into August with aggressive strength but that soon slowed down. Prices are holding on to support ahead of tomorrow's NFP.

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USD/JPY Price Analysis: Will a Data Heavy End to the Week Spur USD?

USD/JPY has risen off the a medium-term level of support. US data (ISM, initial jobless claims and NFP) has the potential to fuel or halt recent USD gains.

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S&P 500 Price Outlook: Stocks Slumps as Services PMI Declines

Stocks are hitting fresh session lows as services PMI data from the Institute of Supply Management crosses the wires, which shows the largest segment of the US economy decelerating last month.

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US Dollar Price Outlook - Bullish Signal Appears Ahead of High Importance US Data Releases

The recent bounce in the US dollar basket (DXY) has primarily been fueled by Euro weakness and oversold USD positioning. Important US data near that may make or break this move.

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USD/CAD forecast: Loonie bulls eye trendline resistance ahead of NFP

USD/CAD trading around 61.8% Fibonacci support zone before key economic data releases.

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Germany 30 Outlook: DAX Marches on as German PMIs Beat Expectations

After recovering from March lows, the DAX remains bullish but may be entering into oversold territory.

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British Pound (GBP) Latest: GBP/USD Outlook Worsens as Brexit Fears Rise

Confidence in further gains for GBP/USD, and losses for EUR/GBP, is draining away as the EU again criticizes the UK for a lack of progress in the talks on their post-Brexit relationship.

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Euro Price Outlook: EUR/JPY May Fall as ECB Flags Currency Strength

The EUR/USD and EUR/JPY exchange rates may slide lower ahead of the ECB’s September Meeting as Chief Economist Philip Lane flags the currency’s recent appreciation.

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AUD/USD Rate Vulnerable Following Short-Lived Overbought RSI Reading

AUD/USD may face a larger pullback over the coming days as the overbought reading in the Relative Strength Index (RSI) appears to have been short lived.

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