The EUR/USD pair extends gains above 0.9900 and the next barrier is at 1.0015. the Euro gains more than 400 pips from last week’s low. On the other hand, the US Dollar retreated across the board on risk appetite and lower US yields.The EUR/USD rose even further during the American …
Read More »Market Drivers – US Session – Tuesday, August
The negative market sentiment slightly began to ease early on Tuesday, although investors are generally pessimistic.The US dollar gave up some gains during the first half of the US session, particularly against high-yielding rivals, but managed to rebound during the second half of the session. The American currency performed higher …
Read More »US shares close lower post-JOLTS data
US shares have closed with losses for the third consecutive session, partially impacted by surging job openings. Each of the 11 S&P 500 sectors were in the red territory.Tuesday’s JOLTS data add more concerns around the hawkish stance adopted by the US central bank, just giving policymakers enough reasons to …
Read More »USD/CAD jumps as Pelosi lands in Taiwan
The USD/CAD pair jumped on risk-off impulse, spurred by geopolitical tensions between the US and China.The USD/CAD climbs above the 50-day EMA, due to several factors, including the visit of US House Speaker Nancy Pelosi to Taiwan and increasing tensions between the US and China. That alongside expectations of the …
Read More »Job openings fall sharply in June
The total of US employment vacancies fell to about 10.7 million through the last day of June. Even with the sharp decline, there were still 1.8 open jobs per available worker.Job openings retreated in June to their lowest level since September 2021 in a potential sign that a historically tight …
Read More »JOLTS Job Openings fall to 11.254 million in May
The number of job openings decreased to 11.254 million in May from 11.681 million in April, the monthly Job Openings and Labor Turnover Summary (JOLTS) published by the US Bureau of Labor Statistics showed on Wednesday. “Hires and total separations were little changed at 6.5 million and 6.0 million, respectively,” …
Read More »