XAU/USD plummets below $1890 after stunning US NFP report
Gold plunges after a solid January US NFP report. The US economy added more than 500K jobs, and the unemployment rate fell to 3.4%. Gold Technical Analysis: To the upside eyeing $1890, and downwards $1850. Gold price tumbles sharply after the US Department of Labor revealed a staggering Nonfarm Payrolls report that added more jobs […]
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 […]
Pakistani rupee plummets as markets adjust to removal of unofficial controls By Reuters
© Reuters. FILE PHOTO: A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren Firouz/File Photo By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -The Pakistani rupee fell 9.6% against the dollar on Thursday, central bank data showed – the biggest one-day […]