EUR/USD Technical Strategy: FlatEuro finds resistance above 1.14 The Euro reversed sharply lower against the US Dollar, producing the largest two-day losing streak in nearly four monthsafter finding resistance above the 1.14 figure. Prices have now erased over half of the advance triggered by May’s soft US jobs data. From here, a daily close below support at 1.1217, the 38.2% Fibonacci expansion, opens the door for a test ...
Trading the News: U.S. Non-Farm Payrolls A 160K expansion in U.S. Non-Farm Payrolls (NFP) paired with a downtick in the jobless rate may boost the appeal of the greenback and spur a larger pullback in EUR/USD as it fuels expectations for an imminent Fed rate-hike. What’s Expected: Why Is This Event Important: The Federal Open Market Committee (FOMC) may implement higher borrowing-costs over ...
The US dollar had a positive week despite a lack of really convincing data. GDP from Canada and Australia, a buildup to the Non-Farm Payrolls, OPEC Meetings and the ECB decision stand out in a very busy week. Canadian GDP data: Tuesday, 12:30. March GDP is expected to remain flat.US CB Consumer Confidence: Tuesday, 14:00. Consumer confidence is expected to reach 96.1 in May.Australian GDP data: Wednesday, 1:30. Economists expect ...
Employment in the U.S. climbed by much less than expected in the month of April, the Labor Department revealed in a closely watched report on Friday. The report said non-farm payroll employment rose by 160,000 jobs in April compared to economist estimates for a jump of about 200,000 jobs. more...
Trading the News: U.S. Non-Farm Payrolls Another 205K expansion in Non-Farm Payrolls (NFP) may heighten the appeal of the greenback and spur a near-term pullback in EUR/USD as it puts increased pressure on the Federal Open Market Committee (FOMC) to further normalize monetary. What’s Expected: Why Is This Event Important: Market participants may pay increased attention to Average Hourly Earnings ...
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