Forex

Rising Jobless Rate Signals Economic Strain Non-farm payroll data for July fell short of expectations, revealing a notable slowdown in hiring for June. The unemployment rate surged to 4.3%, surpassing the anticipated 4.2% and exceeding 4% for the second consecutive month. This unexpected rise added pressure on the US dollar, which saw a decline following…

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In this video, I take a technical look at the major currency pairs vs the USD. As a bonus, I also take a look at the 2 major stock indices as traders prepare for the new week. Including (along with the time on the video): EURUSD 0:15 USDJPY 2:15 GBPUSD 3:38 USDCHF 5:25 USDCAD 6:37…

The yen was king of pips, Kiwi was a surprise winner, and the dollar and euro saw mixed price action. We’re summing up the major FX moves for ya! Source link

The usual major asset correlations were no where to be seen early in the week as top-tier data releases sparked volatile price reactions and individual directional movements. U.S., Japanese and U.K. interest rate developments were front and center, though Middle East tensions and U.S. corporate earnings releases also likely brought some influence on overall…

MARKET REPORT(Unburdened by what has been) Toronto Bourse 1981Day in Review: Today:(Kamalanomics): DATA: – Goldman Sees 3 Consecutive Rate Cuts, JPM Hopes Two For 50bps, Citi 50bps, followed by quarter-point reductions at every subsequent meeting – Rate-cut expectations explode higher with over four full cuts now priced in for 2024 – PAYROLLS:– US added just…