<p>Oftentimes equity markets feel like a coin flip but right now, it's a heads-I-win, tails-you-lose kind of game.</p><p>The thing is, I agree with it because these are the two most-likely paths from here:</p><p>1) Growth surprises to the upside</p><p>At the end of the day, growth is good. Consumer spe
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USDCAD surges after the stronger US jobs reports. The USDCAD tests key moving averages.
<p>The USDCAD is moving higher after the US jobs report and tests a key dual moving average level. Moving above would have traders looking toward 1.3466 and then the 200 day MA at 1.3479. </p> This article was written by Greg Michalowski at www.forexlive.com.
Big pre-market equity gains wiped out by a strong non-farm payrolls report
<p>S&P 500 futures were up 36 points ahead of the non-farm payrolls report. They're now dead flat.</p><p>It's certainly been a ride this week but stocks are now close to where they opened on Sunday.</p> This article was written by Adam Button at www.forexlive.com.
Dollar Stages Comeback as Stellar NFP Triggers Rethink on Fed’s Easing Timeline
<p><img width="612" height="433" src="https://www.actionforex.com/wp-content/uploads/2020/02/f-usd187.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content
USDJPY moves up to a swing area target ahead of another strong target at 148.80.
<p>The USDJPY has raced higher on the back of the stronger US jobs report this morning, and in the process took out technical levels including a downslope trendline at 147.837, and swing highs for the week including the Monday high at 148.32.</p><p>The price rise has moved to another swing area between 148.449 and 148.59 and [&hel
ECB's Nagel: It's looking like a soft landing for the eurozone is possible
<p>The eurozone is already in a recession or very close so this is a curious comment.</p> This article was written by Adam Button at www.forexlive.com.
NZDUSD follows the USD higher and in the process test the key 100 day MA
<p>The NZDUSD moved sharply lower on the USD buying after the better than expected jobs data. </p><p>In doing so, the price of the pair has moved below it 200 day moving average or 0.6087, and the 50% midpoint of the move up from the October low the December high. That level comes in at 0.60716. […]
Weekly Market Recap (29-02 February)
<p>Monday</p><p>ECB’s Knot (hawk – voter) over the weekend reaffirmed the central bank’s focus on wage growth to decide when and by how much tweak their monetary policy:</p><ul><li>We now have a credible prospect that inflation will return to 2% in 2025.</li><li>The only piece that's missing is t
Breaking: S&P Index hits all-time highs – Unveiling the roadmap to next targets
<p>The S&P is training to a new all-time high. When the price is trading at a new high, there is no prior history that traders can target from a price perspective. We are in a open-air area.</p><p>However, technical tools can be used to forecast the next target/risk levels. </p><p>In this video, I look at those
US jobs were much stronger, sending the US dollar higher. What are the technicals saying?
<p>The strong US jobs report has sent the US dollar sharply higher. What are the technicals saying: </p><p>For the EURUSD, the price is that they are testing its swing area down to 1.08038. Below that sets the 50% midpoint 1.07936 followed by the 100-day moving average of 1.07756. Get below each increases a bearish bias. […