The current 4H formation on USOIL shows an intervening primary wave Ⓧ consisting of intermediate sub-waves (А), (В) and (С). The bullish corrective wave (B) hints to a triple zigzag pattern W-X-Y-X-Z of the minor degree. At the time of writing, the final part of this triple combination seems to be under formation (minor wave
0 Comments
USD Data On Watch The US dollar has seen much quieter trading over the last 24 hours as traders await the final key data of the week: the US employment reports due later today. While USD has continued to trade lower into the end of the week, downside momentum has reduced. The USD index trades
0 Comments
This is actually a bit of a tricky question, surprisingly enough. CFD traders don’t have their earnings public available like many government employees, so it’s not like you can look it up easily. Also, it’s not like traders even have employers you can ask; how much money a CFD trader makes is entirely up to
0 Comments
Stocks Higher Ahead of US Jobs We’re off to a decent start in Europe as traders await the ever-highly anticipated jobs report from the US. Source – Thomson Reuters Eikon This week has seen attention shift a little from a phase one trade deal between the US and China – although we are once again being
0 Comments
In today’s #marketinsights Stavros talks about the likelihood of today’s #NFP affecting the #tradewar! Positive figures could have #Trump taking a step back in reaching a deal with China as soon as the 15th. Negative figures, however, will bring back the “aggressive rate-cutting cycle” rhetoric, adding pressure on the #Fed and #Powell! Timestamp #EURUSD 2H
0 Comments
Gold The yellow metal was higher this week, driven by a surge in safe-haven demand as rising fears over the health of the US/China trade negotiations saw equities heavily lower. News that the US had passed legislation offering support to the pro-democracy protestors in Hong Kong was met with fury by China. China had previously
0 Comments
The markets continue to whipsaw ahead of today’s payrolls report. This comes after the private payrolls, as reported by ADP hit a six month low. Private firms added just 67k jobs in November, falling well below estimates. The dollar remains weak, posting declines for five consecutive days. Equity markets were recovering from Tuesday’s sell-off, but
0 Comments
The penultimate payrolls report for the year 2019 is due to come out later today. The report will be closely watched with economists forecasting that payrolls will rise 183,000 for the month of November. Elsewhere, the unemployment rate is tipped to hold steady at 3.6%. No changes are expected to wage growth which is forecast
0 Comments