Economies

The pair is steady today, in appositive week so far, as markets brace higher for higher Consumer Price Index (CPI) in the US

The chart below on the left is gold's daily time frame. Price is moving into the area of weakness, between the lower blue and lower red bands. The daily stochastic has dropped below 20 (blue rectangle). As long as the stochastic maintains these levels, the precious metal is likely to be under pressure. In this regard the heikin ashi candle, which helps determine trend, has turned red over the last…

The Kiwi has the opportunity to halt its five-week losing streak, but faces difficulties as we move towards the European open

The commodity finds support during the European hours and tries to stay in profitable territory, following its very good start to the week

In our previous article, we suggested weakness in the XAUUSD daily chart. The below left shows the daily gold heikin ashi chart. Heiken ashi candles are trend-following indicators. In this regard, there is a big red movement down into our area of weakness between the lower blue and lower red bands. We draw attention to the daily stochastic which is positioned in the lower quintile (blue rectangle). Interestingly, the last…

In this podcast, FXCM Senior Market Specialists, Nikos and Russell, discuss the NFP, participation rate, and unemployment rate. The two also look at the Fed pivot and what it means for the market. RBA and BoC statements are due for release this week, and Friday sees the CPI numbers. Join us for perspectives on these and more.

USA and Canada, both released their employment figures on Friday and despite stark contrast between the two reports and the ensuing volatility, the pair’s outlook is little changed

Particpation Rate Friday's headline NFP disappointed at 210K, missing the consensus of 553K by a large margin. However, of importance, the participation rate ticked up to 61.8%. The series represents the number of the labour force which are either employed or actively seeking employment. This is encouraging as the participation rate has been moving sideways since July 2020 and the upwards movement suggests less discouraged workers and more positivity amongst…

This has been volatile week, which ended with solid NFPs from the US, while Omicron developments, renewed hawkish commentary from the Fed, OPEC+ and corporate activity were in the spotlight