Forexlive Americas FX news wrap: US unemployment rate rises, hot stocks reverse
US February non-farm payrolls +275K vs +200K expected Canada February employment change 40.7K versus 20.0K estimate ECB sources report: Policymakers ‘overwhelmingly’ favor June for first rate cut Fed’s Williams: Inflation…
Read More »Forexlive Americas FX news wrap: A mystery bid emerges in bonds
Fed’s Williams: My view of economy hasn’t changed after January data ECB’s Muller: I would like to see Q1 wage data before moving on rates ECB’s Nagel: We should act…
Read More »Forexlive Americas FX news wrap: US dollar falls as S&P 500 hits record high
US January UMich prelim consumer sentiment 78.8 vs 70.0 expected US existing home sales for December 3.78M vs 3.82M estimate Canada November retail sales -0.2% vs 0.0% expected Fed’s Daly:…
Read More »EUR/USD Hits Snag After Breakout, Nasdaq 100 Stalls, Oil Prices at Risk of Meltdown
This article focuses on the technical outlook for EUR/USD, the Nasdaq 100 and crude oil, taking into account sentiment analysis and recent price action dynamics.
Read More »Forexlive Americas FX news wrap: Dollar sinks after non-farm payrolls miss estimates
US October non-farm payrolls +150K vs +180K expected US October ISM services 51.8 vs 53.0 expected Canada October employment +17.5K vs +22.5K expected Fed’s Bostic: Policy is likely in the…
Read More »Forexlive Americas FX news wrap: PCE inflation softens but USD still rips into month-end
US August core PCE +3.9% y/y vs +3.9% expected Canada GDP month-to-month for July 0.0% versus 0.1% estimate US advanced good trade balance for August -84.27B versus $-91.4 billion estimate…
Read More »Forexlive Americas FX news wrap 6 Apr: Weekly claims data higher after seasonals adjusted
NASDAQ and S&P snaps two day losing streak How has the stocks reacted in past when employment was released on Good Friday WTI crude all settles at $80.70 JPMorgans Dimon:…
Read More »WTI Price Analysis: Oil bulls can ignore recent inaction surrounding $76.00
WTI crude oil grinds higher around $76.00 during early Tuesday, struggling to keep the bounce off the 50-HMA of late. Even so, the recently higher low
Read More »What is a Convergence in Trading? Strategies and Risks
Convergence is defined as a situation when two or more things move closer to each other. It comes from the term converge and is applied in some of the most…
Read More »What Is a Bear Trap and Why You Should Definitely Avoid It
Bear and bull traps are popular events in the financial market. They refer to sudden moves that entice traders to short and sell and then lead to another sudden reversal….
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