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Whilst risk-off has prevailed in equities this week ahead of the Italian Referendum, we are drawn to the NFP today to give us some insights into whether the US Fed will hike sooner rather than later....
The British Pound Brushed Off The Recent Decline After The Upbeat UK Economic Data.The British pound erased its previous losses after the positive UK construction data released earlier today. The...
Forex News and EventsA rejection of Italy's referendum will not spell disasterThis Sunday, Italian citizens will vote for a constitutional change in what is considered as the biggest European event...
GBP/USD has posted slight gains in the Friday session. Currently, the pair is trading at 1.2620. On the release front, British Construction PMI was almost unchanged, with a reading of 52.8 points....
NZD/USD is in a strong downtrend for the last few weeks, which is expected to continue soon if we consider a five wave fall from 0.7402 followed by a recent three waves of a pullback to 0.7171 mark....
Friday December 2: Five things the markets are talking aboutIt’s nonfarm payroll (NFP) day and the event risk is not for a stronger number, that’s been covered ad nauseam, but for such a...
Market Drivers December 02, 2016 USD/JPY drifts below 114 ahead of NFP UK Construction PMI Improves Nikkei -0.47% DAX -0.94% Oil $50/bbl Gold $1176/oz. Europe and AsiaAUD: Retail Sales 0.5% vs....
USD/JPY is almost unchanged on Friday, as the pair trades at 113.60. On the release front, the spotlight is on US employment numbers, with three key releases – Nonfarm Employment Change, Average...
This post is an excerpt from a recent TSI commentary.Every central bank in the world, including the US Federal Reserve, now wants a weaker USD, which proves that central banks can be overwhelmed by...
The EUR/USD is trading on a very bullish stance as we head into the opening of the European session. Currently at 1.0682, the pair is back to the 28 November highs. The 1.0680 levels were the highest...
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong...
EUR/USD is unchanged on Friday, after posting strong gains in the Thursday session. Currently, the pair is trading at 1.0660. On the release front, Spanish Unemployment Change swelled by 24.8...
AUD/USD sold off perfectly from strong resistance at 7485/90 hitting every target to within 8 pips of 7360. Outlook remains negative with a break below 7360 targeting 7345. 7325 and the November low...
USD/JPY could have topped at 114.82 in the short term at least, although we have no sell signal just yet. Holding below 114.00/96 targets 113.50/46, perhaps as far as 113.10/05 but look for an...
GBP/USD first resistance at 1.2600 and holding below targets 1.2557 then support at 1.2545/40. This must hold the downside if bulls are to build a trend. Longs need stops below 1.2525. Failure here...