USD/CAD remains below 1.3400. Economists at Scotiabank analyze the pair’s outlook.
AUD/USD rallies to near 0.6600 as US Dollar remains on backfoot ahead of US NFP data
The AUD/USD pair delivers a sharp recovery to near the round-level resistance of 0.6600.
Yields higher. Stocks giving up gains. Dollar higher after strong US jobs report
<p>Wow. A big miss to the upside in the US jobs report with NFP rising by the largest since January 2023. The market is pricing in 128 basis points of easing in 2024 vs 139 basis points at the start. </p><p>The question is how accurate is the data? Did seasonals miss? </p><p>Before the release, the […]
EUR/USD: Potentially bullish price action on the weekly chart will support the idea of a rebound – Scotiabank
EUR/USD is little changed on the day after modest, earlier gains stalled just below 1.0900.
US January non-farm payrolls +353K vs +180K expected
<ul><li><a href="https://www.forexlive.com/news/us-november-non-farm-payrolls-216k-vs-170k-expected-20240105/" target="_blank" rel="follow">Prior </a>+216K (revised to +333K)</li><li>November revised to +173K from +164K</li><li>Two-month net revision +126K vs -71K prior&l
Groundhog Day: Hiring Once Again Starts the Year at Blistering Pace
<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2021/09/f-job45.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/
Forexlive Americas FX news wrap 2 Feb: Super-duper jobs report sends yields and stocks up
<ul><li><a href="https://www.forexlive.com/news/stocks-roar-with-the-nasdaqmeta-leading-the-way-20240202/">Stocks roar with the Nasdaq/Meta leading the way</a></li><li><a href="https://www.forexlive.com/news/first-us-retaliatory-strikes-underway-in-syria-report-20240202/">First US retali
Week Ahead – RBA Decision and US Data on the Menu
<p><img width="612" height="428" src="https://www.actionforex.com/wp-content/uploads/2019/02/f-usa16.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2019/02/f-usa16.jpg 612
Stocks roar with the Nasdaq/Meta leading the way
<p>It sucks to be Amazon and have to take a backseat when your stock soars by 7.67% on the day. However, it was Meta and Mark Zuckerberg's day to roar, and roar they did. Share's of Meta moved up $80.21 or 20.32% after beating expectations, announcing a first ever dividend, and announcing a $50B buyback […]
First US retaliatory strikes underway in Syria – report
<p>It's no surprise but bombs are reportedly falling in Syria right now in response to the US soldiers killed last weekend. </p><p>Earlier this week there were reports that Biden had authorized strikes in Iraq and Syria in response. So long as no bombs fall in Iran, I don't think this will matter for markets, including [