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Capital Markets Forex Technical Analysis
November 6, 2023
By admin

GBP/USD consolidates in a range below 1.2400 mark, near six-week top set on Friday

The GBP/USD pair kicks off the new week on a subdued note and consolidates Friday’s strong move up its highest level since September 20. Spot prices currently trade around the 1.2375 region, nearly unchanged for the day, and remain at the mercy of the US Dollar (USD) price dynamics. The USD Index (DXY), which tracks the Greenback […]

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Commodities Precious Metals Technical Analysis
November 6, 2023
By admin

Gold Price Forecast: XAU/USD consolidates near $1,990 amid improved risk appetite

Gold price hovers around $1,990 per troy ounce during the Asian session on Monday, struggling to continue the winning streak. However, the bullion prices improved on expectations that the US Federal Reserve (Fed) may conclude its monetary policy tightening after the subdued employment data from the United States (US). However, Gold prices could experience downward pressure amidst […]

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Capital Markets Forex Technical Analysis
November 6, 2023
By admin

USD/JPY trades with a mild positive bias above mid-149.00s, lacks follow-through

The USD/JPY pair attracts some dip-buying on the first day of a new week and for now, seems to have stalled a three-day-old corrective decline from the 151.70 area, or its highest level since October 2022 touched last Tuesday. Spot prices currently trade just above the mid-149.00s, up nearly 0.15% for the day, and draw […]

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Banking Capital Markets Fintech Technical Analysis
November 3, 2023
By admin

BMW releases better-than-expected quarterly results

Overall market situation: Friday’s session on the markets brings a negation of the wave of gains on the Old Continent from those still seen in recent sessions. Investors’ attention in the last session of this week will be focused on the reading of the NFP report from the US, which will test optimism assuming that […]

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Capital Markets Forex Technical Analysis
November 3, 2023
By admin

USD/CHF advances toward 0.9100 ahead of US NFP data

The USD/CHF pair extends recovery to near 0.9070 ahead of the United States labor market data for October. The Swiss Franc asset aims to recapture the 0.9100 resistance while the US Dollar Index (DXY) has turned sideways around 106.00. S&P500 futures generated some losses in the European session, portraying some decline in the risk appetite of the market participants. The […]

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Banking Capital Markets Economic Forex Technical Analysis
November 3, 2023
By admin

Pound Sterling alternates between positive risk-on and poor economic outlook

The Pound Sterling (GBP) trades in a narrow range with the downside cushioned due to improved market sentiment but gains are capped due to the stagnant growth outlook for the UK economy. The near-term demand for the GBP/USD pair depends on the performance of the UK economy in the fourth quarter of 2023. The latest information about the UK […]

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Capital Markets Economic Forex Technical Analysis
November 3, 2023
By admin

NFP Forecast: US employers expected to add significantly less Nonfarm Payrolls in October

The Bureau of Labor Statistics (BLS) is due to release the highly-anticipated Nonfarm Payrolls (NFP) report from the United States (US) on Friday, which could have major ramifications for US Federal Reserve (Fed) policy outlook. The US Dollar (USD) is poised for a big reaction to the labor market data, as NFP data tends to infuse […]

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Banking Capital Markets Economic Forex
November 3, 2023
By admin

Canada Employment Preview: Forecasts from five major banks, deterioration in labour market conditions

Canada’s employment data for October will be reported by Statistics Canada on Friday, November 3 at 12:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers at five major banks regarding the upcoming jobs figures.  The North American economy is expected to have added 22.5K jobs vs. […]

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Economic Forex
November 3, 2023
By admin

Jobs Data in The Spotlight

European index futures point to a higher opening of the European session, following an upbeat trading on Wall Street yesterday and in Asia-Pacific earlier today. Weakish earnings report from Apple did not derail market sentiment with US index futures extending their bullish streak for the fifth day. Jobs data from the United States and Canada […]

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Banking Capital Markets Forex Technical Analysis
November 3, 2023
By admin

USD/INR gains ground, all eyes on the US NFP data

Indian Rupee (INR) trades with modest intraday losses on Friday, backed by the renewed US Dollar (USD) demand. Despite the uncertainty, India’s Chief Economic Advisor (CEA) V. Anantha Nageswaran said on Thursday that the Reserve Bank of India (RBI) would not be forced to tighten monetary policy even if the US Federal Reserve (Fed) raised […]

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