High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
OPEC + have for the best part of the last 4 years since the Covid pandemic stuck to the line of ‘price stability’. However since the election of US President Donald Trump who pledged lower Oil prices and urged American companies to drill even more, they appear to have pivoted strategies. Looking in from the
The USDCAD surged to fresh highs following President Trump’s announcement of a sweeping 35% tariff on Canadian imports—among the most aggressive trade measures for major countries. That news initially triggered heavy CAD selling. However, the momentum shifted after a softer-than-expected U.S. jobs report failed to sustain the upside drive. In response, USDCAD reversed sharply lower,
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Gold firms above $3,350 as the US Dollar remains under pressure on Monday. The soft July NFP report has heightened market bets on a potential interest rate cut in September. Fears of political interference grow after US President Donald Trump fires BLS Commissioner Erika McEntarfer. Gold (XAU/USD) kicks off the week on a cautious note,
The White House NEC Director Hasset is speaking on CNBC saying: The employment data has been very unreliable The data needs to be modernized Need a fresh set of eyes at the BLS. It would be incumbent on the BLS to explain the revisions. To make sure the data is transparent we are going to
This week’s trading opportunity Chris Beauchamp: Hello and welcome to “Trade the week” for the week beginning Monday 4th August. Let’s look firstly at this week’s “Trade of the week”. We’re going to go long the S&P 500. Yes, it might seem foolhardy after those job numbers. It might seem like we’re just continuing to ignore the bad
The Japanese yen is steady on Monday. In the European session, USD/JPY is trading at 147.72, up 0.09% on the day. On Friday, the yen soared 2.2%, its best one-day showing since April. US nonfarm payrolls misses forecast The week ended with a softer-than-expected US employment report. Nonfarm payrolls for July rose by only 73
Equities stage comeback as investors buy the dip Friday’s shock US jobs report has provided the catalyst for a market rebound, with equity futures pointing higher across the board. The disappointing payrolls data has shifted the narrative from concerns about a resilient US economy to relief that monetary policy may turn more accommodative. US equity
The USD/JPY forecast indicates a slight recovery in the dollar. The economy added only 73,000 jobs in July. The BoJ has been more confident in talks of resuming rate hikes. The USD/JPY forecast indicates a slight recovery in the dollar after a steep decline in the previous session due to downbeat employment numbers. Meanwhile, the
Prior 49.6 The reading continues to keep below the pivotal 50.0 mark since January 2023. And the latest setback here comes as new orders fell notably during the month. As for production output (49.6), it was more or less steady and keeps marginally below growth territory for now. This article was written by Justin Low
Romania’s producer prices decreased for the first time in five months in June, data from the National Institute of Statistics showed on Monday. The producer price index dropped 0.3 percent yearly in June, reversing a 0.9 percent rise in May. Prices in the domestic market decreased 1.5 percent annually in June, while those in the
There are a couple to take note of on the day, as highlighted in bold below. They are for EUR/USD layered in between the 1.1550 to 1.1600 levels. The dollar was dealt a blow after the US jobs report last week, with massive downward revisions to payrolls and Trump’s firing of the BLS chief giving
Disappointing jobs data and new tariffs shake US markets United States (US) stock markets fell on Friday night as investors reacted to a weak July jobs report and a fresh round of tariffs announced by President Trump. For the week, the US 500 (S&P 500) fell 2.36%, its largest weekly decline since late March. The US Tech
Japan’s chief trade negotiator, Ryosei Akazawa, said the recently announced trade agreement between the United States and Japan is not a legally binding commitment, casting doubt on the scope and enforceability of the deal. In remarks that could cool optimism around the agreement, Akazawa urged caution, stating that not all comments from U.S. officials about
Fresh concerns are emerging that the Trump administration’s dismissal of Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer may be part of a broader strategy to undermine the credibility of official inflation data, with potential implications for markets and Federal Reserve policy debates. While early commentary, including a pointed note from J.P. Morgan, highlighted risks
The monetary base in Japan was down 3.9 percent on year in July, the Bank of Japan said on Monday – coming in at 643.896 trillion yen. That follows the downwardly revised 3.5 percent annual decline in June (originally -3.3 percent). Banknotes in circulation were down 2.4 percent on year, while coins in circulation fell
