On the 4-hour chart, the euro has a negative tendency and is hovering near the 20-day SMA. Critical levels of 1.0840 and 1.0910 have been resisted, with 1.0733 support conceivable if US employment data closes badly. The EUR/USD 4-hour chart shows a likely negative bias, however, there are some signs of stabilization after the brief […]
EURUSD crucial levels as NFP approaches Read More »
The August nonfarm payrolls (NFP) data is likely to show a 170,000-job increase, following an 187,000-job increase in July.If the NFP shows less than 150,000 new jobs, traders may reconsider the Fed’s monetary policy outlook. This might weaken the US currency while increasing gold prices. The next nonfarm payrolls (NFP) data is gaining attention. It
Gold could surge on dismal NFP figures Read More »
The US Federal Reserve maintained interest rates constant at the conclusion of its FOMC meeting a few hours ago, but forecast another rate hike by the end of the year. Markets had generally anticipated the Fed to leave rates steady, but the modification to its planned rate decreases took them off surprise. The main news
Surprised by the Fed’s suggestion of another rate hike this year? Read More »
