Nonfarm Payrolls: Who Cares? A new month starts and with it we get a new US Nonfarm Payroll report. The US economy is expected to have added 205K new jobs in March, the unemployment rate is expected to remain steady at 4.9%, while wages are expected to pick up after the decline seen in February...
0.77 is the next big test in the Australian dollar’s advance against the US dollar, and it is here where the multi-month advance could fail. The exchange rate has been moving higher in a determined fashion since the start of 2016 and is seen at 0.7673...
US NFP Preview: 8 Major Banks Expectations from the March Print We are heading closer to the release of US Non-Farm payrolls data for the month of March. As we get closer to the release, here are the expectations as forecasted by the economists and researchers of 8 major banks...
GBP/JPY Under a Bear Attack, Nears 130 Handle Sterling bears are flexing their muscles after the release of UK manufacturing PMI release, courtesy of which the GBP/JPY cross has extended losses to 160.23 levels. 10-DMA is now resistance Cross has re-established 10-DMA as a resistance...
#USDJPY fell to the middle of the trading range of the past two months, where it will likely remain until the release of the U.S. employment data. Published at night #Tankan manufacturing# index did not affect the situation. Find out more by checking out the Source Link...
Following the Janet Yellen's speech in recent days, we have witnessed a fall in the US dollar against all major currencies. Yellen has made it clear that a rise in interest rates is excluded, at least in the near future, and the markets have taken place rapidly...
Yesterday #EURUSD has once again recorded growth - the market was closed almost at the important resistance level (February extremum). It is recommended to close long positions and stay out of the market before the release of #NFP. Find out more by checking out the Source Link...
AUD/USD: Upside Capped by 0.7680/85, US Jobs Eyed The AUD/USD pair is extending its phase of consolidation in the mid-European session, with the bulls taking a breather heading closer towards the crucial US labour market data. AUD/USD trades below daily pivot at 0...
Around mid-February, BNP Paribas made substantial changes to its forecasts for EURUSD and expected EURUSD to stand at 1.14 at end Q1 (from 1.04) and 1.16 at end-Q2. (Source: BNP Paribas, eFXplus) Today, as EURUSD has broken its year-high of 1...
GBP/USD Keeps Falling, Tumbles to 1.4280 GBP/USD is now accelerating its daily downside, dropping to fresh lows in the 1.4280 area ahead of US Payrolls. GBP/USD amidst ‘Brexit’ and Payrolls The sterling is falling to fresh 3-day lows vs...
Brent Oil Drops on Saudi’s Hardline Stance Oil prices dropped, with Brent now trading well below $40 handle after Saudi’s crown price said his nation would freeze output only if Iran and other nations do so. Rejected at 10-MA Futures were rejected at 10-DMA level of $40...
Dear Traders, Bulls take control of both major currency pairs, although the British pound struggled with an extension of its recent gains. As noted in previous analysis, we still expect the pound to come under renewed pressure in the near-term and we anticipate a drop towards 1.4280 and 1.42...
US Jobs Report will be the Focus for Markets - BBH Research Team at BBH, suggests that the March US jobs report will be the focus for markets today. Key Quotes “Consensus is 205k vs. 242k in February. We think there is risk of an asymmetric market reaction...
EUR/GBP Pushes Higher Near 0.7980 The march north in EUR/GBP continues unabated today, currently testing fresh more than 1-year highs around 0.7980. EUR/GBP boosted by GBP-selling The European cross is trading in levels last seen in late December 2014 near 0...
EUR/USD Rangebound Near-Term – Danske Bank Jens Pedersen, Senior Analyst at Danske Bank, sees the pair in a consolidative pattern prior to resume its upside. Key Quotes “We still stress that time is not yet ripe for a move towards the 1...
Although the commodity complex has been more stable recently and that has removed some downside pressure on the euro via the disinflation channel, we anticipate that other factors will soon come into play. First, the extent of dovish stance by the US FOMC in March took us by surprise...
US Nonfarm Payrolls (MAR) - Fri 4/1 - 08:30 AM ET BofAML: The March employment report likely showed another strong month for the labor market. We anticipate a healthy 190,000 gain in nonfarm payrolls, with the private sector contributing 185,000...
The global impact of US monetary policy [was] evident from the market reaction to Fed Chair Janet Yellen's dovish message this week. Yellen underlined the FOMC's cautious message from a fortnight before. In so doing, she threw more fuel onto the ongoing risk rally...
GBP/USD Extends the Drop to 1.4320 The sterling remains on the defensive on Friday, now sending GBP/USD to the 1.4320 area, or session lows. GBP/USD lower post-PMI, focus on US data The pair is prolonging its recent downside after being rejected from Wednesday’s peaks near 1...