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Just how firm is the US labour market?Yesterday’s ADP Private Employment data suggests another month of firm jobs growth due on Friday, as 200,000 jobs were added across March. Friday’s...
The dollar fell to five-month lows against the other major currencies on Wednesday, even after data showed that U.S. non-farm private employment rose more-than-expected this month. Payroll processing...
Daily forecast, 03.31.16Main scenario:GBP/USD is trading along a downtrend with target on 1.4180 and then 1.4165, which may be expected to continue while pair is trading below resistance level...
Global sentiment received an unexpected uplift during this trading week following Janet Yellen’s heavily dovish comments which rapidly extinguished the inflated expectations over a US rate rise...
Yesterday, the ADP report for March showed jobs rose 200k - a touch higher than expectations (195k), confirming that the labor market remains robust. Revisions to February were minor at -9k, taking...
This morning will begin with the speech of the Governor of the Bank of England at 8:00 am London time. Due to the upcoming Brexit votes on the European Union membership the speech will probably be...
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.42% against the USD to close at 0.7666. LME Copper prices rose 0.01% or $0.5/MT to $4940.0/MT. Aluminium prices rose 0.34% or...
USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.74% against the CAD to close at 1.2971. Yesterday, the BoC Deputy Governor, Lynn Patterson, indicated that the Canadian economy will...
USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.24% against the JPY and closed at 112.46. In the Asian session, at GMT0300, the pair is trading at 112.39, with the USD trading...
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally fell against the USD and closed at 1.4377. In economic news, UK’s Gfk consumer confidence index remained flat in March, its...
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.39% against the USD and closed at 1.1334, after Germany’s inflation edged higher. The preliminary consumer price index advanced...
Normal functioning markets are no longer a reality, as the most recent weeks have shown. Markets no longer care about fundamentals or technical patterns all that much – instead, they trade on...
EUR/USD Open 1.1330 High 1.1366 Low 1.1284 Close 1.1335On Wednesday euro/dollar increased with 80 pips. The European currency appreciated from 1.1284 to 1.1366 yesterday, matching the positive money...
The US dollar hit its lowest price in 5 months overnight, as the market continued to price in even less chance that the Fed hikes in the near term.I am a little surprised at this run, as I thought the...
It has been nearly two and a half months since we published “NZD/USD Getting Ready to Launch?”. On January 18th, 2016, the New Zealand dollar was trading around 0.6460 against the U.S....