Despite the positive US Nonfarm Payrolls, the US dollar has already been under pressure since Thursday. The higher-than-expected unemployment rate could be just one of the reasons. Against the Japanese yen, the U.S. dollar, which slipped more than 1.2% at times on Friday, was able to trade slightly higher again as of today’s Monday. However,…
Greetings! These are the forex levels I have in mind for a possible entry today. The levels are not intended as a trading recommendation, but rather as a guide for intraday/swing traders. The economic data listed can generate new momentum and should therefore be taken into account. I wish you a successful trading day! Rico…
The highly anticipated U.S. Nonfarm Payrolls were released at 2:30 p.m. today and surprised the markets positively. Instead of the expected 170,000 new jobs, 187,000 were reported. This is an important indicator of the strength of the U.S. economy because it captures the change in employment over the previous month, excluding agricultural jobs. The reaction…
The release of the Nonfarm Payrolls, expected at 2:30 p.m. today, is a key moment for financial markets. This figure measures the change in the number of employees in the previous month, excluding agricultural jobs. Why is this important? Because job creation is a key indicator of consumer spending, which accounts for much of the…
Summary M3 money supply: M3 money supply growth declined to -0.4% from 0.6% in June. M1, consisting of currency and overnight deposits, fell to -9.2% from -8.0% in June. Short-term deposits (M2-M1) decreased slightly from 24.0% to 23.9%. Marketable instruments (M3-M2) decreased from 22.8% to 20.6%. Contributions to M3 growth: M1 contributed -6.7 percentage points.…
This evening, Japan will announce its GDP data for the second quarter of 2023. Expectations for robust growth are based on global demand growth for Japan’s exports. Current year-on-year GDP growth is 1.3%, up from 0.4% the previous month. The forecast for this quarter is 2.7%, signaling a remarkable increase. Higher GDP growth promises a…
The EUR/USD is currently trading at $1.0922, down -0.1 percent today. The last low was reached at around US$1.0913 at around 9:00 this morning, while the last high was at around US$1.1276 on July 18. This shows that the currency pair has been in a downtrend since mid-July. Now let’s look at the indicators in…
The GBP/USD has been in a strong uptrend for the past few months and today it recorded a 0.54% increase. The current price is at USD 1.3059, while the last low was around USD 1.1803 on 08 March and the price reached today’s high at around USD 1.3080. The indicators give us further insight into…
Greetings! These are the forex levels I have in mind for a possible entry today. The levels are not intended as a trading recommendation, but rather as a guide for intraday/swing traders. The economic data listed can generate new momentum and should therefore be taken into account. I wish you a successful trading day! …
Greetings! These are the forex levels I have in mind for a possible entry today. The levels are not intended as a trading recommendation, but rather as a guide for intraday/swing traders. The economic data listed can generate new momentum and should therefore be taken into account. I wish you a successful trading day! …
