S&P 500 rallies as markets digest soft US jobs data, Fed rate hike pause
Share: S&P 500 ended the week up by 0.9%, with the Nasdaq and Dow Jones also posting significant gains, reflecting a positive shift in investor sentiment. U.S. labor…
NFP Disappointment Sinks USD, Gold Bid
US NFP Data for OctoberNFP 150k vs 180k estimate, September’s 336k print revised lower to 297k. Unemployment rate 3.9% vs 3.8% expFed funds futures lower estimates of another Fed hike…
European equity close: Some late-day selling but still a big day of gains
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…
EUR/GBP to edge back towards the 0.86 area in the weeks ahead – Rabobank
Share: Analysts at Rabobank expect the EUR/GBP pair to edge down toward the 0.86 area in the weeks, considering that the latest data showed the Eurozone economy continued…
Geopolitical Tensions Roil Energy Markets and Precious Metals
Global markets have been gripped by escalating tensions in the Middle East, with particular focus on the ongoing conflict between Israel and Hamas. Oil prices, which had slightly eased last…
Canadian Dollar Outlook After BoC Stands Pat: USD/CAD, EUR/CAD, AUD/CAD
Canadian Dollar Vs US Dollar, Euro, Australian Dollar - Outlook:USD/CAD is testing major resistance.AUD/CAD is attempting to rebound from strong support.No sign of reversal of EUR/CAD’s broader uptrend.What is the…
Israel ground offensive underway but so far the fighting is limited to Gaza
It's tough to assess in exactly is happening in Gaza because electricity and communications have been largely cut off but it appears as though Israel's ground offensive is underway. It…
US Dollar closes the week with mild losses ahead of Fed’s decision
Share: The US Dollar is trading soft against its rivals and seems to be consolidating the last session's gains. The Core PCE from September matched expectations at 3.7%…