Khurram Mustafa
Khurram Mustafa
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10+ years
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Khurram Mustafa
Published post GOLD
Gold prices dropped like a rock to a session low of USD 1087.90/Oz; its lowest since 10th August as the odds of Fed tightening increased after a strong US monthly non-farm payrolls report...
Khurram Mustafa
Published post NZDUSD
A strong rally of the US dollar triggered by higher-than-expected jobs gains, dragged NZD/USD to fresh monthly lows near 0.6500...
Khurram Mustafa
Published post EURUSD
The selling pressure around the single currency is now picking up pace, dragging EUR/USD to test fresh daily lows...
Khurram Mustafa
Published post USDJPY
USD/JPY soared to fresh 2 ½-month highs above 123.00 after the release of much better than expected US nonfarm payrolls report. Nonfarm payrolls report showed US economy added 271,000 new jobs in October versus 180,000 expected, while the unemployment rate dropped to 5.0% versus 5.1% expected...
Khurram Mustafa
Published post US Non Farm Payroll Spike
The labor department data released today showed the US economy added far greater number of jobs in October than expected, adding to the evidence of the tightening labor market...
Khurram Mustafa
Published post USDCAD
The greenback has gathered further traction vs. its Canadian peer on Friday, lifting USD/CAD to the proximity of 1.3300 the figure...
Khurram Mustafa
Published post US Labour Market
The U.S. Bureau of Labor Statistics released the October jobs data today. Total nonfarm payroll employment increased by 271,000 in October, and the unemployment rate remained unchanged at 5.0 per cent...
Khurram Mustafa
Published post GBPUSD
The sharp spike in the USD following a stellar Non-farm payrolls report pushed the GBP/USD pair to 1.5037; its lowest since April 24th. USD gains as 2-yr yield spikes The US dollar strengthened across the board as the 2-yr treasury yield in the US rose to a high of 0.958...
Khurram Mustafa
Published post AUDUSD
AUD/USD crumbled to fresh 1-month lows after data showed the US economy added more jobs than expected in October. Nonfarm payrolls report showed US economy added 271,000 new jobs in October versus 180,000 expected, while the unemployment rate dropped to 5.0% versus 5.1% expected...
Khurram Mustafa
Published post EURUSD- Key level
EUR/USD is going through a consolidation phase as investors adopt a wait and see mode ahead of the US nonfarm payrolls report due tomorrow...
Khurram Mustafa
Published post USDNOK
USD/NOK could be facing downside pressure as its MACD failed to test recent highs. A bearish divergence between USD/NOK spot behavior and the MACD over the last few weeks suggests downside vulnerability ahead...
Khurram Mustafa
Published post Banks Outlook
Analysts at TD Securities explained the fourth coming major Central Bank meetings and outlooks. "The FOMC next meets on December 16. Barring a significant surprise on the data front, a rate hike by the Fed then is very much in play...
Khurram Mustafa
Published post GBPUSD Resumes Decline
After a short-lived recovery, GBP/USD resumed the decline and broke below previous lows. It bottomed at 1.5205, hitting a new 2-week low...
Khurram Mustafa
Published post USDJPY
Will the USD/JPY finally break its range with Friday's Payrolls? What you think people...
Khurram Mustafa
Published post RBA
Analysts at BBH noted the divergence between the two Antipodean Central Banks. Key Quotes: "The Reserve Bank of Australia next meets on December 1. It left rates steady at 2.0% earlier this week, but some forecasters had expected a 25 bp cut...
Khurram Mustafa
Published post EURGBP Still to play
EUR/GBP is currently trading at 0.7135 with a high of 0.7149 and a low of 0.7041. EUR/GBP has been consolidating the upside rally post the BoE announcements, but is reluctant to let go of space at the mid point of the 0.71 handle. There has been a further bid on the profit taking down at 0...
Khurram Mustafa
Published post EURUSD - Weakness
EUR appears vulnerable, consolidating around fresh multi-month lows with data-driven weakness (weaker German factory orders) reversing on technical support triggered by the break of 1.0850, said Eric Theoret, FX Strategist at Scotiabank...
Khurram Mustafa
AUD/USD was rejected from session highs and erased daily gains to trade nearly flat on the day. AUD/USD recovered from a low of 0.7125 and reached a session high of 0.7169 as the greenback softened following the release of disappointing US data...
Khurram Mustafa
Published post GBPUSD - BoE
Valeria Bednarik, chief analyst at FXStreet noted and explained that the British Pound plunged after the BOE's monthly economic meeting, against the greenback, as the Central Bank offered a doom inflation outlook...
Khurram Mustafa
Published post May 2016 Rate Hike - BoE
According to analysts from TD Securities today’s decision and documents from the Bank of England support the view of a rate hike at the May 2016 meeting...