EUR/USD Turns Cautious after Friday’s NFPs Boost
The latest US jobs showed further signs of cooling and sent the pair higher, but today it is facing renewed headwinds, following some hawkish remarks by Fed officials
Page 7 of 79
The latest US jobs showed further signs of cooling and sent the pair higher, but today it is facing renewed headwinds, following some hawkish remarks by Fed officials
Watch today’s US Open for insights on the rate hike by the Bank of England and the impact on GBP/USD, the US downgrade by Fitch that weighs on Wall Street and more
EURUSD top-down analysis suggests a potential dip in an uptrend opportunity.
Today’s Q2 labor report showed an increase in unemployment, which could help the bank stay in the sidelines after last month’s pause, sending the Kiwi lower
Watch today’s US Open for insights on the second straight pause by the central bank of Australia, the stealth YCC tweak by the bank of Japan, China’s poor PMI and more
The pair retreats, weighed by the decision of the Australian central bank to stay on the sidelines for second straight meeting, as it kept rates at 4.1% today
The BoJ pledged more flexibility in its yield curve control (YCC) on Friday, but the implicit nature of the YCC tweak disappointed Yen bulls and the pair rises
Watch today’s US Open for insights on the latest policy decisions by the US Fed and its European counterpart (ECB), the strong quarterly results by social media giant Meta Platforms and more
The EURUSD’s sentiment has shifted from bullish to bearish over the last two hours. The daily candle (still to complete) shows a long upper shadow. The high is where the bulls lost control to the bears. Since then, the bears have ripped price down, and EURUSD is now trading below its open.
FXCM’s USDOLLAR tracked US yields lower following yesterday’s FOMC rate announcement and press conference. Fed chair Powell stated that the Fed “could afford to be patient” due to its interest rate increases to date. It also was clear that the Fed is data dependent choosing not “to provide a lot of forward guidance.” The next meeting is some time away on 20 September. The Fed will have seen two CPI…
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.