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NFP Analysis and Talking Points US Nonfarm Payrolls rose by 75k in May, missing expectations of 185k expected; Prior month revised Lower US Average Hourly Earnings falls short of consensus Markets Raise Bets of Federal Reserve Rate Cut See our latest Q4 FX forecast to learn what will drive the currency through the quarter. DATA
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The pair is under correction, still likely to grow. Estimated pivot point is at a level of 1.3255.Main scenario: long positions will be relevant above the level of 1.3255 with a target of 1.3567 – 1.3661 once corrections have formed. Alternative scenario: Breakout and consolidation below the level of 1.3255 will allow the pair to
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Stavros, Head of Investment Research at Orbex, is a certified investment professional that has been involved in the FX markets as a trader and analyst for nearly 5 years. He covers both fundamental and technical aspects of trading with a specialization in core institutional trading strategies. As an engineer by trade, his analytical mind allows
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NFPs on Watch The US dollar remained subdued over the European morning on Friday. The greenback has traded lower over the week following weak data on Monday, with manufacturing hitting a ten year low, along with dovish comments from the Fed chairman who signalled that the Fed could ease if the economy suffers as a
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US Dollar News: USD Price Analysis and Charts. US dollar traders wait on the sidelines as NFPs near. Current USD weakness may accelerate if the supportive 200-day ma is broken decisively. DailyFX Q2 Forecasts and Top 2019 Trading Opportunities. US Dollar (DXY) Price Action Limited Ahead of Heavyweight US Data The US dollar continues the
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Gold The yellow metal exploded higher this week, trading up to just shy of testing the 2019 highs, as a bout of USD weakness kept prices well bid. The move began earlier in the week in response to a severe US data miss. The ISM manufacturing reading hit a 10 year low over May, sharpening
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GBP Talking Points: GBPUSD await key US jobs data to consolidate a direction. UK inflation continues to rise above the 2% target rate, but GBP volatility could be playing an important role. Unemployment is at the lowest level since 1974 but lower wages are diminishing consumer’s living standards EURGBP continues to come down from yesterday’s
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May Finally Throws in The Towel After a brutal three year battle, during which time Theresa May was fought at every turn, the UK PM has now announced that she will resign her post as of June 7th. There had been increasing speculation over recent weeks following further severe defeats for May’s attempts at passing
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The all-important release of US Non-Farm Payrolls data is coming up. There is some concern that the number will disappoint the market. There is a host of other data coming out at the same time, so we could see even more volatility this time around. Let’s review some of the latest events and what analysts
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Estamos próximos a la publicación de los datos de empleo no agrícola de EE.UU. y algunos han mostrado ser preocupados con que vaya a ser decepcionante. Hay varios datos que se publican a la vez, entonces podríamos ver aún más volatilidad que lo normal. Revisemos algunos de los eventos recientes y qué están diciendo los
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The U.S. dollar was seen trading steady despite posting losses on Thursday. News about a possible delay to tariffs on Mexico helped to boost investor sentiment modestly. On the economic front, the U.S. trade deficit rose to $50.8 billion in April. Meanwhile, President Trump once again threatened China with tariffs on an additional $300 billion
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Though currently higher, the US Dollar is on track to record its worst single week’s performance this year ahead of the release of private sector labor data. The US Labor Department will be releasing its June Non-farms payroll report later today and analysts are forecasting the numbers to be a disappointment, with new private sector
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Asian Stocks Talking Points: Those bourses that were open Friday managed to rise, tracking Wall Street Trade hopes and the prospect of lower interest rates for longer helped sentiment The coming set of US employment data could be very important for near-term direction Find out what retail foreign exchange investors make of your favorite currency’s
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