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EURUSD consolidates ahead of ECB meeting The euro steadies as the market hopes for a hawkish turn in monetary policy. Inflation across the Euro zone saw a sharp retreat with the latest print at 2.4%, from over 10% just a year ago. More…
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The UK will be releasing a barrage of data next week in the lead up to a pivotal BOE meeting. That makes it difficult to predict exactly what the central bank will do, since several of the data points might move market expectations. The…
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NZDUSD meets support The US dollar dips as traders hope to see signs of a weaker labour market. As the price grinds last August’s high of 0.6220, an oversold RSI on the daily chart certainly puts pressure on the short-term enthusiasm. A…
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The recent data releases suggest that the all-important NFP tomorrow will show the labor market continues to cool. This would likely affirm the growing consensus that the Fed is soon to shift to rate cutting mode. But, as expectations…
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GBPUSD drifts lower The US clawed back some losses as traders repositioned ahead of the nonfarm payrolls. Cable came under pressure at last September’s high of 1.2720 and the drift south has since led more buyers to take profit,…
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Canadian data of late has been something of a mixed bag, which puts some uncertainty into what the BOC could do. There is a pretty strong consensus that there won't be any change in the interest rate. But what could move the markets is how…
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EURUSD falls back The US dollar recouped more losses after a better-than-expected services PMI. The pair has struggled to secure bids after it turned south in the 1.1000 supply zone from last August’s sell-off. Short-term sentiment went…
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Get ready to trade the NFP LIVE with our leading experts!  Join our resident US market specialists, David Kindley and Daniel John Grady for an exclusive live webinar on the upcoming Non-farm Payrolls release, on December 8th, 2023.  All…
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