The USDCAD continued its downtrend, closing the March 9 price gap on the daily chart as a double dose of...
PositionInvestment writer, Certified Financial Technician
JoinedJul 08, 2019, 09:14 BST
Articles2,144
Eno is a certified financial technician and member of the UK Society of Technical Analysts. He loves to trade and write about stocks, Forex, and CFDs. Since 2009, he has consulted several financial companies as a trader and strategy developer. His work can be seen on several forex blogs and trading educational websites.
The NFP report is sending the Nasdaq 100 higher, but it has started the day on a slow patch. Read more to find out if this will continue or things will change.
Gold price is dropping steeply after a stunning outcome on the US Non-Farm Payrolls (NFP) report. According to data from...
USD Index continues on a 3-week losing streak as global economic recovery beckons, forcing traders to abandon the safe-haven greenback.
The Governing Council of the European Central Bank (ECB) left its key interest rates unchanged. Rates for the refinancing operations,...
The Canada Employment change will be released at the same time as the US Non-Farm Payrolls. Here are some ideas on how the numbers could play out and impact the USDCAD pair.
The European Central Bank meets to decide its interest rates as well as any possible adjustments to its PEPP program....
Crude oil price action has stalled as the Saudis have asked for a postponement of the OPEC + alliance.
Hawkish statement from the BoC have been offset by the US ISM Non-manufacturing PMI data, causing a stall in the decline on the USDCAD.
The Nasdaq 100 index edged higher this afternoon after the ADP Employment Change data came out better-than-expected. Private sector employment...
Friday, June 5, 2020 will usher in the release of yet another edition of the Non-Farm Payrolls report to the markets. The market expectation is for the US economy to have lost 8000K jobs (down from -20500K registered a month earlier), with an increase in the unemployment rate from 14.7% registered previously to 19.5%.
So far, the US markets and the US Dollar have ignored negative employment data in the last two months, as markets appear to have priced in all the negatives in advance. Emphasis has all been on the stimulus packages rolled out by the Fed and other central banks, which acted very quickly to contain the impact of the coronavirus contagion on the various economies. However, this month’s NFP report is coming at a time when the USD is taking a beating in the financial markets. The US markets are also seeing a bit of a stall and are finding it hard to stage the resistance breaks required to retake the 2020 highs.
The Australian GDP is expected to fall from 0.5% to -0.4%, but the RBA's actions may allow the AUDUSD to surmount any bearish pressures.