US Nonfarm Payrolls Preview: EUR/USD and USD/JPY’s Trend Hinges on Jobs Data
The July U.S. employment report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for EUR/USD and USD/JPY.
The July U.S. employment report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for EUR/USD and USD/JPY.
ISM services PMI data revealed higher prices but lower activity, new orders and employment figures. The services sector continues to expand but softer data is concerning
Oil markets tentatively continue the move lower as markets digest the effect of the Fitch downgrade. An extended WTI pullback towards $82 may re-engage bullish interest
GBP/USD remains under pressure despite the BoE hiking rates by 25bps. The dovish slant to the announcement added to risk off sentiment, keeping cable subdued.
Euro faces renewed pressure as business activity continues to decline. Is this the beginning of a long-term downtrend or merely a correction following an extended upside rally?
Selling continues in indices, as the effects of the US downgrade continue to rock markets.
The U.S. dollar is capitalizing on the risk aversion in global markets as investors seek out safe haven assets. DXY approaching key resistance levels.
A scaling back in risk appetite and an unexpected pause by the Reserve Bank of Australia (RBA) earlier in the week is weighing on AUD. What is the outlook for AUD/USD, AUD/CAD, and AUD/SGD?
Relatively bigger down days than up days since late July on the daily charts of the Nasdaq 100 index and the S&P 500 index’s fall below support for the first time since April suggests the rally in US indices could finally be due for a breather.
Crude oil prices are under the pump today as macro conditions unwind the jolly July rally on US debt woes and although stockpiles have been depleted, WTI vulnerability has been exposed.