The EURUSD initially fell after the US jobs report. The price action moved from the 50% midpoint (at 0.98141), and key swing area between 0.98056 and 0.9816, down to the 61.8% retracement at 0.97483. The price has since bounce and currently trades at 0.9797 closer to the upper extreme. Recall the swing area between 0.98056
Here’s the picture in gold the way I see it. 1) It has declined for seven straight months That’s certainly not a sign of a bull market but nothing falls in a straight line and the decline of 13% is better than many major currencies over that period. The decline is mostly a story of
Soybean prices in the benchmark market of Indore gained by 12.4% month-on-month and around 2.3% week-on-week. Prices have given a bullish breakout after trading bearish for 5-month. On November 1 2022, the Ministry of Consumer Affairs, Food & Public Distribution issued a notification on the removal of stock limits on edible oils and oilseeds. The
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Coinbase reported user numbers that topped analysts’ estimates even as third-quarter revenue missed estimates and the cryptocurrency exchange had a wider-than-expected loss.
The AUDJPY is set to finish the week with gains of 0.40%. AUDJPY Price Analysis: Once it cleared 95.56, it could re-test the YTD highs at around 98.50. The AUDJPY edges higher, snapping three days of consecutive losses amidst an upbeat market sentiment, as Wall Street pared its losses, while the US Dollar dropped almost
During the ecosystem’s annual gathering at Breakpoint 2022 in Libson, Solana made a series of launch announcements as it prepares to go mainstream. Cointelegraph’s ground team — present during the conference — shared insights into Solana’s roadmap, which includes the launching of smartphones, dApp stores and a partnership with Google Cloud, among others. Good morning
The nonfarm payroll came in better-than-expected. The unemployment rate was off low levels but still very low. Earnings were touch higher than expected with the year on year coming in as expected and lower than last month but still at 4.7% (but that is less the inflation rate). The forex market saw the dollar move
The US nonfarm payroll came in better than expected at 261K vs 205K estimate. The prior month was revised higher to 315K from 263K. So stronger 300K growth month on month with the revision included. The average hourly earnings came in at 0.4% vs 0.3%. So that was higher. The unemployment rate moved higher to
At first, gold and silver breathed a sigh of relief as the US Federal Reserve pointed to a slower path of interest-rate increases but took a U-turn as the ultimate interest-rate level could be higher than expected. These moves again underpin the dominance of monetary policy for gold and silver. Ultimately, the key question remains
In this article TEAM Follow your favorite stocksCREATE FREE ACCOUNT Scott Farquhar, co-founder and co-CEO of the software company Atlassian, speaks during a jobs and skills summit at Parliament House on September 1, 2022 in Canberra, Australia. The Australian government is bringing together political, business, union and community group leaders at Parliament House to address
GBPUSD appreciates further and reaches session highs near 1.1400 The pound has continued appreciating during Friday’s US afternoon trading, buoyed by the broad-based USD weakness, to reach session highs at 1.1380. The pair has shrugged off the previous day’s negative pressure on Friday, to perform a shocking 1.9% daily rally after bouncing from the lower
My experience with market manipulation in day trading, the reality of financial markets, and the strategies used by “smart money” to induce retail traders to press the buy or sell button. In this video you’ll learn: • The most dangerous smart money traps, designed to manipulate retail traders to enter losing positions • How to
The USDCHF moved higher initially after the US jobs report, but then reversed and tumbled to the downside. The fall took the price back below the 100 hour moving average at 1.0030 and below the 50% midpoint of the range since October 21 (that high was duplicated during yesterday’s trade). That midpoint level comes in
MON: Eurogroup; Chinese Trade Balance (Oct), Swiss Unemployment (Oct), EZ Sentix (Nov), US Employment Trends (Oct), Australian Consumer Sentiment (Nov). TUE: US Midterms, CBR Policy Announcement, BoJ SOO (Oct), EIA STEO; EZ Retail Sales (Sep), US NFIB (Oct). WED: NBP Policy Announcement; Chinese CPI (Oct). THU: Banxico Policy Announcements; Norwegian CPI (Oct), US CPI (Oct),
With a 127% increase in profits, miners have never been better placed to take advantage of new opportunities and ensure sustained outcomes. ESG remains a key pressure point but also an opportunity for miners. According to PwC’s review, the top 40 mining companies’ future success will depend on whether they take a leading role in
The rumor of earlier reopening in China seemed to have overwhelmed other heavy weight events in the markets last week, including Fed’s hawkish rate hike and non-farm payroll report. Late rally in stock markets helped commodity currencies secured the winning places, with New Zealand Dollar having an edge over Australian and Canadian. On the other
Job growth was stronger than expected in October despite Federal Reserve interest rate increases aimed at slowing what is still a relatively strong labor market. Nonfarm payrolls grew by 261,000 for the month while the unemployment rate moved higher to 3.7%, the Labor Department reported Friday. Those payroll numbers were better than the Dow Jones
In this article PYPL Follow your favorite stocksCREATE FREE ACCOUNT The PayPal logo displayed on a smartphone screen with a stock market graphic in the background. Omar Marques | SOPA Images | LightRocket | Getty Images PayPal shares fell more than 5% in after-hours trading, despite beating earnings and revenue expectations for the third quarter,