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While US NFP data jumps to a healthy 336K, the USD/CHF plunges to a weekly low of 0.9074. The US dollar’s upward trend falters as the DXY index retreats by 0.34% and drops back below the critical 106.00 level.To predict future USD/CHF dynamics, the market will be watching Fed officials, …

Despite solid labour demand, gold prices have sharply recovered, raising anticipation for another Fed interest rate hike. Despite a weak US Services PMI survey and a weak ADP Employment report this week, the price of the precious metal remained under pressure. At the time of writing, the precious metal is …

Nonfarm Payrolls (NFP) in the United States increased by 336,000 in September, according to the US Bureau of Labour Statistics (BLS) on Friday. This reading was significantly higher than the market forecast of 170,000. The 187,000 increase in August was also raised higher to 227,000. The unemployment rate stayed at …

On Friday, October 6, the Russian government lifted the ban on diesel exports via seaborne pipelines, removing most of the restrictions that were implemented on September 21. Restrictions applied to gasoline exports remain in place. Diesel is the largest portion of Russia’s exports of petroleum products, amounting to about 35 …

European stocks rose on Friday ahead of data expected to reflect moderate US job growth last month, relieving some pressure on equity investors concerned about higher interest rates. By 07:18 GMT, the European STOXX 600 index rose 0.4 percent, recording an increase for the second session in a row, but …

The Nikkei index closed lower on Friday, weighed down by a decline in technology stocks, as investors awaited the US jobs report later in the day for signs of whether the Federal Reserve will change course on interest rates. The Nikkei index fell 0.26 percent to 30,994.67 points. The index …

The US Bureau of Labour Statistics (BLS) will release the September jobs report on Friday, October 6 at 12:30 GMT, and as the day approaches, here are the projections for the upcoming employment statistics from 4 major banks’ economists and researchers. Nonfarm payrolls are expected to rise by 170K in …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar reached the first target expected to be achieved during the previous trading session, at 1.3770, recording its highest level of 1.3785. Technically, and with a closer look at the 4-hour time frame chart, we find that the resistance level of 1.3785 formed a negative pressure factor that …