Major currencies are little changed so far with the dollar keeping steadier on the day. The greenback caught a breather in trading yesterday, after having dealt with a setback following the opening gap higher on Monday. Tariff fears are receding and that’s led to the turnaround in sentiment, with the focus now shifting back to […]
Silver price holds ground near its three-month high of $32.56, recorded on February 5. The upside of the Silver appears limited as the US Dollar gains ground amid rebounding US Treasury yields. Traders await US Nonfarm Payrolls to gain fresh impetus regarding the Fed’s monetary policy direction. Silver price (XAG/USD) remains in positive territory for
Consensus forecasts predict an increase of 169,000 jobs, with the unemployment rate expected to remain at 4.1%. Strong numbers (over 190,000 jobs) could strengthen the dollar, while weak numbers (less than 135,000 jobs) could weaken it. (DXY) currently has support levels around 107.00, 106.13, and 105.76, and resistance levels at 108.00, 108.49, and 109.52. Most
Consensus estimate +170K Estimate range +60K to +250K December was +256K Private consensus +141K versus +223K prior Unemployment rate consensus estimate 4.1% versus 4.1% prior Prior unrounded unemployment rate 4.0855% Prior participation rate 62.5% Prior underemployment U6 7.5% Avg hourly earnings y/y exp +3.8% versus +3.9% prior Avg hourly earnings m/m exp +0.3% versus +0.3%
The Canadian Dollar churned on Thursday, holding flat against the Greenback. PMI figures from Canada contracted sharply in January, limiting Loonie gains. Key US NFP and Canadian employment figures are due on Friday. The Canadian Dollar (CAD) spun in a tight circle on Thursday, churning chart paper near 1.4300 against the US Dollar (USD) as
2025.02.06 2025.02.06 Accumulative Swing Index (ASI) Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ The Accumulative Swing Index (ASI) is a technical analysis indicator that assists traders and investors in determining trend direction, spotting breakouts of support and resistance levels, and forecasting price changes. Developed by J. Welles Wilder Jr, the ASI aggregates price fluctuation data to provide a clear picture
Funds tap options on FX vol amid tariff disruptions – FX Markets End of drawer navigation content Skip to main content Dealers say vanillas, digitals and knockouts on realised vol increasingly used to navigate Trump news flow Hedge funds are increasingly taking out complex options structures that speculate on pricing of foreign exchange volatility levels
The British Pound weakened significantly after BoE delivered a 25bps rate cut. The policy decision was more dovish than anticipated, primarily due to the unexpected shift in the MPC voting split. Catherine Mann, previously one of the most hawkish members of the committee, reversed course and joined Swati Dhingra in voting for a more aggressive
The Australian dollar has snapped a three-day rally on Thursday. In the European session, AUD/USD is trading at 0.6266, down 0.27% on the day. After sliding to a 5-year low on Monday, the Aussie has recovered and gain 0.9% this week. Australia’s PMI stronger than expected It’s been a good week for Australian PMIs. On
BoJ’s Naoki Tamura said on Thursday that the central bank should raise rates to 1%. The dollar remained fragile after a pause in some of Trump’s tariffs. Traders are looking forward to the US nonfarm payrolls report. The USD/JPY outlook indicates a surge in expectations for another BoJ rate hike this year after hawkish policymaker
2025.02.06 2025.02.06 Short-Term Analysis for Oil, Gold, and EURUSD for 06.02.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Yesterday, gold continued
Prior 2.6%; revised to 2.7% The Swiss jobless rate is seen steady last month, after a slight revision higher to the December reading. Overall, the trend points gradual softness in the labour market after a stronger period in the post-Covid recovery. This article was written by Justin Low at www.forexlive.com. Source link
Ireland’s services sector expanded at the weakest pace in nine months in January amid slower rises in activity and new orders, data released by S&P Global showed on Thursday. The AIB Ireland Services Purchasing Managers’ Index fell to 53.4 in January from 57.1 in December. However, any reading above 50 indicates expansion. Among four sub-sectors,
Yen continues to dominate the forex market this week, additionally supported by further decline in US and European benchmark yields overnight. The persistent strength in Yen is being reinforced by hawkish rhetoric from a known hawkish BoJ board member, who reiterated calls for a gradual rate hike toward the 1% neutral level. While this stance
The Indian Rupee extends its decline in Thursday’s early European session. Rising bets of RBI rate cuts and risk aversion continue to undermine the INR. The RBI interest rate decision and the US January employment report will be in the spotlight on Friday. The Indian Rupee (INR) extends its downside on Thursday. The local currency
