Forex News

Weekly COT Report: GBP Traders Are Their Least Bearish In 5 Months

Read our guide on how to interpret the weekly COT report As of Tuesday 29th of October Bullish exposure on the USD was $12.6 billion ($15.9 against G10) Traders are their least bearish on GBP futures since early June GBP saw the largest weekly change among FX majors, with net-short exposure being reduced by 20k contracts …

Stocks, dollar calm ahead of US data

Today’s publication of jobs, wages and manufacturing data should provide investors plenty of indications about the health of the world’s largest economy, which, in turn, could impact the probabilities of future interest rate changes and therefore the values of the dollar and stock markets. At the time of writing European indices were flat after falling …

Market Brief: Rebounding on Goldilocks payrolls and a China surprise

Stock market snapshot as of [1/11/2019 1:40 PM]   U.S. equities extend gains made by futures markets in the wake of higher than forecast U.S. payrolls, as do European shares. Ahead of the readings, participants had partially discounted the importance of the data, given expectations that they would be strongly impacted by a United Auto …

Strong Non-Farm Payroll and Weaker ISM Manufacturing Data Send Mixed Signals

The US Nonfarm Payrolls Change was released earlier today with the US economy adding 128,000 jobs to the economy, beating expectations of 89,000.  October’s numbers were revised higher as well, from 136,000 to 180,000.  The revision makes October’s headline data even stronger. The inflation component was just as strong. Although the headline Average Hourly Earnings …

Week Ahead: RBA, BoE and plenty of macro data

Following this week’s busy schedule with lots of central bank meetings, company earnings and important macro data, the week ahead will be slightly quieter. Although earnings will continue to come thick and fast, we are approaching the twilight of US earnings season, though there is still some important US-listed companies that haven’t reported yet such …

OIL MARKET WEEK AHEAD: Trade Talks Looking for a New Home

The corporate and economic calendars are looking a little bit light for the week ahead now that the the big releases such as the US and Eurozone GDP reports and China’s manufacturing PMI are behind us. They brought little support for the oil market, showing a further slowdown in the developed economies and a blip …

Market Brief: Solid NFP Report Pumps Up Risk Appetite

View our guide on how to interpret the FX Dashboard. The October Non-Farm Payrolls report printed at 128k, above economists’ expectations (especially accounting for the nearly +100k positive revision to previous readings). While wage data came in a tick soft, last month’s earnings figures were revised up by +0.4% m/m, suggesting that the US labor market …

Is USD/CNH about to Reverse and Head towards New Highs?

According to Wikipedia, “The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, high and lows in prices, and other collective factors”.   To put it simply, the Elliott wave principal involves 5 impulse waves and 3 …

Market Brief: Dollar Extends Post-Fed Slide

At midday in London, the GBP and JPY were among the strongest while the AUD and USD were among the weakest. View our guide on how to interpret the FX Dashboard The US dollar continued to sell-off following the Fed’s rate cut last night. Although the central bank signalled a pause in the cutting cycle, …

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