Gold Drops $100 on NFP Data!
The dollar was boosted on Friday as NFP and PMI data exceeded expectations. Gold dropped below the $1900 level as the sell-off erased recent gains. With Jerome Powell giving a speech this week regarding the next move for the Fed, will a retracement ensue, or will the yellow metal drop even further? Timestamps XAUUSD 01:35 […]
Dollar steady after robust U.S. jobs data, lira hits record low By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Joice Alves and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar held firm against the euro on Monday, with traders taking the view the U.S. Federal Reserve will likely lift its benchmark rate above 5% and […]
US Dollar Blazes Higher on Solid Data as Geopolitics Play Out. Where to for USD?
US Dollar, DXY Index, USD, NFP, Fed, BoJ, USD/JPY, Nikkei 225, China – Talking Points US Dollar resumed strengthening today after Friday’s massive rally Risk assets appear vulnerable as Fed rate hike expectations re-accelerate If the US economy is booming, will the Fed act and what will it mean for USD? Recommended by Daniel McCarthy […]
Australian data – Q4 2022 Retail sales -0.2% q/q (expected -0.6%)
Retail sales from Australia, Q4 2022 comes in at -0.2% q/q expected -0.6%, prior +0.2% the y/y is +1.8% Australian Bureau of Statistics comments on the data: Retail sales volumes fell for the first time since the September quarter 2021, with volumes falling across all non-food industries as consumers tightened discretionary spending in response to […]
AUD/USD losses traction and plummets to two-week lows around 0.6930s after solid US data
AUD/USD falls sharply by more than 100 pips on US economic data. The US Nonfarm Payrolls report almost tripled the market’s expectations for job creation. US ISM Non-Manufacturing PMI is back at expansionary territory. AUD/USD collapsed after US economic data on Friday showed that the labor market remains tight, and it would keep the US […]
GBP/USD collapses to new 4-week lows at 1.2059 after robust US economic data
The Pound Sterling opposes no resistance to upbeat economic data in the United States. US jobs data and services activity showed that the US economy remains solid despite the US Federal Reserve tightening cycle. For the next week, GBP/USD traders are eyeing the UK GDP and US Fed speakers. GBP/USD nosedives and extended its losses […]
EURUSD Gains As Eurozone Data Show Modest Return To Growth
EUR/USD Price and Analysis EUR/USD ticks up on better growth data The European Central Bank’s Thursday rate rise was as expected and didn’t offer much support US Data will be in focus as the session goes on Recommended by David Cottle How to Trade EUR/USD The Euro managed modest gains against the US Dollar on […]
How to Use Volume Profile & Importance of Volume Profile Data
If you’re looking for ways to identify intra-day support and resistance levels to help find turning points in the market, one of the more effective ways to do so is with volume profile data. Volume profile is a charting technique that displays the total volume traded at every price level throughout the trading session. Read […]
AUD/USD slides towards 0.7000 as unimpressive China data joins RBA, Fed concerns
AUD/USD renews intraday low amid sour sentiment, mixed data. China Caixin PMI fails to overcome 50.0 mark despite improving in January. Mixed concerns over RBA’s next move, especially after strong inflation and downbeat Retail Sales, weigh on Aussie prices. Cautious mood can weigh on risk-barometer pair ahead of Fed’s verdict. AUD/USD takes offers to refresh […]
USD Controlling EUR/USD Price Action Dismissive of Positive EZ Data
EUR/USD ANALYSIS & TALKING POINTS EZ economic data unable to deter USD backing. All eyes on the Fed tomorrow with emphasis in post-announcement conference. Can current USD strength last against the EUR? Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROP The euro received several key economic data prints (see economic calendar […]