US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 12:30 GMT. Indicator Background Job … “EUR/USD: Trading the US Nonfarm Employment Change”
Author: admin_mm
FOMC minutes provide room for hikes, balance sheet reduction
The FOMC meeting minutes from the March 15th event provided some hawkish tones. However, the dollar did not really react strongly enough to the news. Here are two additional opinions on the implications of the document. Here is their view, courtesy of eFXnews: FOMC Minutes: A Good NFP On Friday Means Another Fed Hike In … “FOMC minutes provide room for hikes, balance sheet reduction”
EUR/USD Weakens as Uncertainty Looms over French Elections
The EUR/USD currency pair declined today following the uncertainty surrounding the French presidential election after the second election debate where Marine Le Pen gained against Emmanuel Macron. The pair also traded much lower after the release of the US ADP Employment Change report, which beat expectations and significantly boosted the greenback. The currency pair had lost over 30 points at the height of its decline and has been trading in negative … “EUR/USD Weakens as Uncertainty Looms over French Elections”
US Dollar Climbs Following Positive ADP Employment Data
The US dollar moved higher against most of its main counterparts on Wednesday, following fresh data today that showed private sector employment surged in March. Employers in the United States hired more workers than expected, which overshadowed the effect of a disappointing reading for an index that tracks business environment. The ADP Research Institute said earlier today that non-farm private sector employment gained 263,000 jobs in March, which … “US Dollar Climbs Following Positive ADP Employment Data”
Rand Falls as Political Turmoil in South Africa Intensifies
Political turmoil in South Africa persists, and it continued to hurt the rand, which dropped more than 1% on Wednesday. South African President Jacob Zuma sacked Finance Minister Pravin Gordhan last week, a move that cost South Africa its investment grade. The decision was criticized not just by international markets, but politicians in the country itself, resulting in calls for the President to resign. Yet the ruling African National Congress … “Rand Falls as Political Turmoil in South Africa Intensifies”
Accelerating Growth of UK Service Sector Helps Sterling
The UK service sector surprised analysts by growing much faster than they have anticipated. That helped the Great Britain pound to gain on its most-traded peers during the Wednesday’s trading session. The seasonally adjusted Markit/CIPS Services PMI jumped from 53.3 in February to 55.0 in March. It was a noticeably higher reading than 53.5 predicted by analysts. While indexes for other sectors released earlier this week were not … “Accelerating Growth of UK Service Sector Helps Sterling”
GBP/USD: to 1.20, 1.30 or still stuck? Two opinions
GBP/USD shrugged off the triggering of Article 50 and despite sliding, has not collapsed nor seen the “short squeeze” envisaged by many. What’s next? Here is their view, courtesy of eFXnews: GBP: Still The Most Undervalued G10 Currency: A Buy Or Not? – Credit Agricole Credit Agricole CIB Research argues that GBP outlook will likely … “GBP/USD: to 1.20, 1.30 or still stuck? Two opinions”
EUR/USD: scenarios, wildcards and the next steps
EUR/USD remains entrenched in a narrow range and fails to move after the downfall. Here are three opinions about the next moves in euro/dollar: Here is their view, courtesy of eFXnews: EUR/USD: What Now?: Assessing 3 Scenarios & 3 Wild Cards – Danske Danske Bank FX Strategy Research reassess its outlook for EUR/USD in light … “EUR/USD: scenarios, wildcards and the next steps”
US Dollar Loses Earlier Gains Against Euro Ahead of Anticipated Economic Data
The US dollar lost earlier gains against the euro on Tuesday, ahead of a stream of economic releases occurring tomorrow that raised anticipation and reduced investorsâ appetite for risk. The market also eyed the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping on Thursday, which might provide some hints on Trumpâs international trade policies. The data front was largely quiet today, as the only economic release came … “US Dollar Loses Earlier Gains Against Euro Ahead of Anticipated Economic Data”
GBP/USD Declines for Second Day Triggered by Disappointing Industry Reports
The GBP/USD currency pair declined for the second day in a row after the release of the Markit/CIPS UK construction PMI, which did not meet expectations. The currency pair was also affected by the stronger US dollar given the massive buying interest in the greenback due to positive market sentiment. The currency pair lost over 70 points at the height of its decline as the US dollar, which is tracked by the US Dollar Index, traded at session highs … “GBP/USD Declines for Second Day Triggered by Disappointing Industry Reports”