Forex (FX) is the market where currencies are traded and the term is the shortened form of foreign exchange
Canadian Dollar, CAD, USD/CAD, Loonie Price Analysis After a strong showing of volatility over the past month, USD/CAD put in a week of digestion. USD/CAD came close to taking out the 17-year-high just a few weeks ago, but this was followed by an aggressive pullback down below the 1.4000 handle. This week saw buyers cauterize support above the major psychological
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Dow Jones Price Outlook: The Dow Jones remains the weakest of the three major US indices In turn, it trades beneath technical levels that the S&P 500 and Nasdaq have already reclaimed Regardless, a successful hold above nearby trendline support would be an encouraging sign Dow Jones Technical Forecast for the Week Ahead The Dow Jones consolidated this week after
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The Dollar has turned back higher, with the DXY starting to march back towards the March high at 102.99. As we have been discussing this week, the wild swings since February are likely to soon give-way to a tradeable trend. The Euro, which is accounts for a hefty 57% of the DXY index, is trading around the trend-line running up
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US Dollar Gyrates on worse non-farm payrolls report since 2009 Talking Points: COVID-19 ends record breaking labor market streak in the US Unemployment rate rises to 4.4% from 3.5% USDJPY moves lower as jobs report crosses the wires For the first time since 2010, job growth in the United States turned negative as Friday morning’s non-farm payrolls report for March
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Eurozone PMIs and EUR/USD Price, News and Analysis: Final Eurozone Composite PMI reading hits a record low. EUR/USD Struggling to stay above 1.0800. EUR/USD Under Heavy Downside Pressure The final Markit PMI readings for March showed the dramatic downturn in business activity across the single-block, putting an already weak Euro under further pressure. According to Chris Williamson, chief business analyst
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US Dollar Analysis, EUR/USD, US and Eurozone PMI Data on Deck – Talking Points US Dollar could rise on haven-demand if NFP and ISM reports underwhelm Euro may face liquidation pressure after final PMI data for March is released EUR/USD selloff could accelerate after pair broke below a key support range Asia-Pacific Recap US equity futures pointed lower during Friday’s
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NFP and Forex Trading: Analysis & Talking Points Worst Initial Jobless Claims Ever Can Get a Whole Lot Worse Calm Before the NFP Storm Impact of Non-Farm Payrolls Report Worst Initial Jobless Claims Ever Can Get a Whole Lot Worse Alarm bells ringing for the US economy with the impact of the coronavirus and the subsequent lockdown measures placing significant
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