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

De week eindigde met een klap, omdat de Amerikaanse banencijfers veel sterker waren dan verwacht. De niet-agrarische loonkosten stegen met 353, veel hoger dan de schatting van 180 (en de ADP-stijging van 107 die eerder deze week werd gepubliceerd). Het werkloosheidspercentage bedroeg 3.7% versus 3.8% verwacht. Gemiddelde jaarlijkse inkomsten stegen met 0.6% versus 0.3% verwacht MoMA Gemiddelde jaarlijkse inkomsten stegen met 4.5% versus 4.1% verwacht op jaarbasis De gemiddelde werkweek in uren en daalde van 34.1 uur vorige maand naar 34.3 uur (dat was ook de schatting). Kijkend naar de banen per sector, Privé

Stocks roar with the Nasdaq/Meta leading the way | Forexlive

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

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 Handelsblog

AUDUSD daalt door verminderde risicobereidheid De Australische dollar daalde door een aanzienlijke ondersteuningszone, omdat de markt risicoloos blijft. De kracht van de Amerikaanse dollar zou voor rugwind kunnen blijven zorgen, ondanks de magere binnenlandse cijfers. De Australische detailhandelsverkopen zagen de cijfers terugvallen naar negatief terrein, omdat de economie nog steeds onder druk staat. Nu de inflatie afneemt en de RBA naar verwachting haar renteverhogingen zal doorzetten, zou de Aussie een kentering in het fortuin kunnen meemaken. Het pair koerst richting 0.6500, met een doorbraak hier die de prijzen naar het dieptepunt van vorig jaar in het vierde kwartaal leidt. A