NFP below Market Expectations Analysts had expected job increase in July to be around 190,000, however, only 157,000 was achieved. Unemployment rate and average hourly earnings meanwhile performed according to market expectations. Tuesday, July 31:…
Forex News
Dollar Up on Powell Remarks, Reverses on Trump’s Comments
Mixed Performance for the Greenback The USD experienced mixed performance this week as it went up following Powell remarks before reversing its gains on Trump’s comments. Tuesday, July 17: Dollar Rallies on Powell’s Remarks, GBP Falls…
Forex Weekly Outlook June 4-8 – Trade wars To Affect Markets
Italian Crisis and Trade Wars Still Influencing Market The trade talks between the U.S and China didn’t go as planned over the weekend and the pending trade war between the two leading economies could have…
US Dollar Dipped as Trump Quits Iran Deal
US Dollars Records Losses as Iran Sanction Looms The USD started the week strongly but started to record some losses after president Trump threatens to quit Iran deal. Monday, May 7: US Dollar Keeps Climbing…
New York Fed Presidential Nominee John Williams Speech
Key Data and Events There are several data releases that will make this week a very interesting one, such as the rate decision in Canada, Australian jobs report, and the speech in Madrid by New…
NFP The Lowest In Six Months as Loonie Takes Advantage of Oil Prices Increase
NFP the Lowest In Six Months The Non-farm payroll recorded last month was the lowest in six months, with the construction and retail sectors shedding jobs. Wage gains, however, went up as an indication of…
Loonie Tumbles as Canada Releases Weak GDP Report
Negative GDP Causes Loonie to Plunge The Canadian dollar fell against most of its competitors as Canada released a GDP fall of 0.1% for January as housing sales drop. Tuesday: Aussie Tumbles As Trade War…
Greenback Fails to Impress as Dot Plot Brings No Changes
Dot Plot Fails To Bring Any Changes The Greenback started the week on a high note but dropped due to the disappointing dot plot. The FOMC “dot plot,” is part of the Fed’s Summary of Economic…
FXCM Update: US clients transferred to Gain Capital (Forex.com) on February 24, 2017
FXCM USA Update Just an update to all USA users of FXCM. At approximately 3PM EST on February 24th, all trading will be suspended in that new orders can’t be placed, pending orders will be…
Focus On The Cable: Surprising Recovery – August 2, 2016.
Cable’s Surprising Recovery The cable strengthened 1.4 percent in today’s trading. The Bank of England (BoE) delivers its 2nd post-Brexit interest rate decision on Thursday May 4th. Some investors speculate that policy makers will disappoint…
