The US economy gained only 245,000 jobs in November, far below expectations. Weak job gains are unlikely to trigger robust stimulus. A squeeze on dollar shorts ahead of the weekend It is all a matter of timing. An increase of 245,000 jobs would be considered robust in the pre-pandemic era, but when the data relates … “NFP Quick Analysis: Why the meager 245K rise is unlikely to depress the dollar, three reasons”
Canadian Jobs Preview: Why expectations may be too high and the loonie could suffer
Economists expect Canada to report an increase of 100,000 jobs in November. Rising coronavirus cases, a slowdown in the recovery and a miss in GDP hint of a downside surprise. The Canadian dollar’s impressive rally may come to an end. In Canada, winter comes earlier than most other countries – and that is only one … “Canadian Jobs Preview: Why expectations may be too high and the loonie could suffer”
GBP/USD: Brexit, Powell and Nonfarm Payrolls promise a hectic start to December
GBP/USD has hit new highs amid a mix of positive developments. Brexit, Powell’s speech and Nonfarm Payrolls stand out. Early December daily chart continues painting a bullish picture. The FX Poll is pointing to short-term gains and a fall afterward. An exit from the pandemic is more powerful than a Brexit deal – at least in … “GBP/USD: Brexit, Powell and Nonfarm Payrolls promise a hectic start to December”
US GDP Preview: Good reasons for an upside surprise, but not necessarily a dollar surge
The second read of third-quarter GDP is set to confirm a surge of 33.1% annualized. Previous beats and new data point to an upside surprise. The dollar may fail to repeat its positive reaction to upbeat data. The best quarter in history – no downside surprise can take away that characterization of third-quarter growth in … “US GDP Preview: Good reasons for an upside surprise, but not necessarily a dollar surge”
GBP/USD: Deal or no deal? Boxed-in Boris may unleash a rally
GBP/USD has been marching higher in hopes of a Brexit deal. Coronavirus headlines and several data points compete with EU-UK talks for attention. Late November’s daily chart is painting a bullish picture. The FX Poll is pointing to short-term gains. Far away, so close? Brexit headlines have continued whipsawing GBP/USD – and so have changing market … “GBP/USD: Deal or no deal? Boxed-in Boris may unleash a rally”
Eurozone PMIs Preview: Three reasons why expectations are too low, EUR/USD may rise
Markit’s preliminary November PMIs are set to show declines on all parameters. Previous beats, vaccine prospects, and light lockdowns make room for an upside surprise. EUR/USD has room to rise in response to the data. Winter has arrived and with it, a surge in virus cases and an economic downturn – that is the main … “Eurozone PMIs Preview: Three reasons why expectations are too low, EUR/USD may rise”
US covid cases show tentative signs of flattening, could help investors see glass half-full
US COVID-19 cases are showing tentative signs of flattening in the current winter wave. Markets are torn between promising vaccine news and grim reality. Signs of stability could help focus investors on the upbeat scenario. Light at the end of the tunnel – Pfizer and BioNTech reported 95% efficacy in their coronavirus candidate, better than … “US covid cases show tentative signs of flattening, could help investors see glass half-full”
GBP/USD: Even Boris cannot break the pound’s power play amid Britain’s covid edge
GBP/USD has hit new highs amid vaccine optimism and US political certainty. Crunch time for Brexit and several data points are of interest. Mid-November’s daily chart is painting a bullish picture. The FX Poll is pointing to long term gains for cable. Light at the end of two tunnels – a call in the US elections … “GBP/USD: Even Boris cannot break the pound’s power play amid Britain’s covid edge”
GBP/USD: Taking profits in fear of Trump? Not so fast, many moving parts eyed
GBP/USD has come out on top amid long US elections process and BOE stimulus. Further ricochets from American politics and the UK GDP stand out. Early November’s daily chart is painting a bullish picture. The FX Poll is pointing to further gains for cable. A week for the history books – GBP/USD bulls are emerging on … “GBP/USD: Taking profits in fear of Trump? Not so fast, many moving parts eyed”
2020 Elections: Where the race stands in four critical states, traders on the edge of their seats
Biden holds onto leads in Arizona and Nevada. Trump’s advantage is narrowing in Pennsylvania and Georgia. The president has made unsubstantiated claims about fraud. Markets see a delayed outcome rather than a contested one. The US Presidential Elections have yet to be decided – but there are greater chances that the outcome is only a … “2020 Elections: Where the race stands in four critical states, traders on the edge of their seats”