Technical Analysis
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XAU/USD slides as USD regains confidence post NFP
US NFP labor report eases expectations of a Fed rate cut, pushing XAU/USD prices lower. USD receives a boost from…
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USD/JPY Soars to weekly high, near 145.00 on hot US jobs report
USD/JPY climbs 0.87% to 144.83, nearing breakout above the Ichimoku Cloud. Strong US jobs report and higher Treasury yields fuel…
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Mexican Peso climbs to eight-month highs against the US Dollar despite upbeat US jobs data
The Mexican Peso extends its gains against the US Dollar as markets adopt a ‘risk-on’ sentiment following the easing of…
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Gold sinks on solid US jobs report but clings to weekly gains
XAU/USD falls after strong NFP data cuts rate cut hopes, but holds weekly gain above 1.30%. US adds 139K jobs…
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EUR/USD declines on hot US NFP report, dents ECB-driven Euro rally
Euro failed to capitalize on upbeat GDP and retail sales; ECB rate cut seen as nearing its limit. The US…
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CAD gives back gains despite upbeat jobs data
The Canadian Dollar firmed up on Friday, but Greenback flows rallied harder, driving a rebound in USD/CAD. US NFP net…
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Trade of The Day – USD/CAD
Facts The USDCAD exchange rate has been trading below the 100-period exponential moving average (EMA) since early April. Wages in…
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Lululemon Stock Collapses
Lululemon shares dropped as much as 22% in premarket trading after the company cut its earnings per share (EPS) forecast for the full…
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Chart of The Day – EUR/USD
In light of today’s scheduled macroeconomic releases from the United States, the FX market’s attention will be entirely focused on…
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GBP retraces against US Dollar ahead of US NFP data
The Pound Sterling corrects to near 1.3550 against the US Dollar as the Greenback gains ground ahead of the US…
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