Search results for: Forex
Fed Chair Powell speaking Sunday evening US time, Globex & Asia FX markets will be on edge | Forexlive
I posted this on Friday but ICYMI, Federal Reserve Chair Powell recorded an interview on Thursday with US TV show 60 minutes. He was questioned on inflation risks and the economy, the timeline for cutting rates, and more.The interview will air at 7pm US Eastern time, which is midnight (0000) GMT.Asia FX will be trading when the interview airs, it'll be 11am in Sydney, 9 am in Tokyo, and 8 am in Singapore, Hong Kong and Shanghai.Globex will be open for the Sunday evening session. I doubt there will be
Forexlive Americas FX news wrap 2 Feb: Super-duper jobs report sends yields and stocks up | Forexlive
The week ended with a bang as the US jobs data came much stronger than expectations. Non-farm payroll rose by 353K much higher than the 180K estimate (and the ADP rise of 107K released earlier this week). TUnemployment rate came in at 3.7% versus 3.8% expectedAverage yearly earnings rose by 0.6% versus 0.3% expected MoMAverage yearly earnings rose by 4.5% versus 4.1% expected YoYThe average workweek in hours and fall to 34.1 hours from 34.3 hours last month (that was the estimate too). Looking at the jobs by sectors, Private
Stocks roar with the Nasdaq/Meta leading the way | Forexlive
Source Node:
https://www.forexlive.com/news/stocks-roar-with-the-nasdaqmeta-leading-the-way-20240202/
It sucks to be Amazon and have to take a backseat when your stock soars by 7.67% on the day. However, it was Meta and Mark Zuckerberg's day to roar, and roar they did. Share's of Meta moved up $80.21 or 20.32% after beating expectations, announcing a first ever dividend, and announcing a $50B buyback of shares. Meta and Zuckerberg roarOverall, all the major indices moved higher and all three closed higher for the week as well. It is the 4th week in a row higher after starting the year
First US retaliatory strikes underway in Syria – report | Forexlive
Source Node:
https://www.forexlive.com/news/first-us-retaliatory-strikes-underway-in-syria-report-20240202/
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning:
GBPUSD breaks lower but stalls at a key support floor Will the downtrend continue? | Forexlive
For those who have seen my daily posts/videos on the GBPUSD (any of them), the pair has been trading in an up-and-down trading range going back to December 14. That range is between 1.2600 and 1.2800. Today, the price moved sharply lower after the stronger US jobs report, and the price move to a lower swing area between 1.2602 to 1.26137. The low price today reached 1.26147 - just above the high of that swing area - and has bounced. The bounce has taken the price up to around 1.2640.
Crude oil settles at $72.28. | Forexlive
The price of crude oil isn't selling at $72.28. That's down $-1.54 or -2.09%. The low for the day was at $71.79. The high for the day was at $74.52. The price decline comes despite the stronger-than-expected US jobs report and other reports that Biden has decided on a counterattack plan in retaliation for the killing of US servicemen. In addition, remember the talk of a truce yesterday? Some of those hopes have been dashed.Crude oil is down sharply but stalled near its 200 week MADespite all those reasons, the
The Week Ahead – Time for a Rebound – Orbex Forex Trading Blog
AUDUSD drops with decreased risk appetite The Australian dollar fell through a significant support zone as the market remains risk-off. The US dollar’s strength could continue to provide tailwinds despite lackluster domestic data. Australia’s retail sales saw numbers fall back into negative territory as the economy still feels the pinch. With inflation easing and the RBA expected to hold on its interest rate hikes, the Aussie could have a turnaround in fortunes. The pair is heading towards 0.6500, with a break here leading prices to last year’s Q4 lows. A