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Dollar/yen did not go anywhere fast. The US dollar did make some gains and the pair hit resistance at 113.50, but it then retreated and ended the week in the same place. The rises were driven by good economic data but fresh worries about North Korea supported the yen. USD/JPY fundamental movers Good US data despite messy NFP [...]
The post USD/JPY is entrenched in range – Forecast Oct. 9-13 2017 appeared first on Forex Crunch.
Canada gained 10K jobs in September, slightly below expectations. However, the unemployment rate remains at 6.2% and did not rise. The participation rate dropped from 65.7% to 65.6%. USD/CAD is falling to 1.2550 in very choppy trading. In the US, the economy lost 33K jobs but wages jumped. Canada was expected to report a gain [...]
The post Canada gains only 10K jobs but unemployment rate stays at 6.2% appeared first on Forex Crunch.
The US economy was expected to gain around 80K jobs in September after 156K in August (before revisions). The unemployment rate was projected to remain at 4.4% and wages were forecast to rise by 0.3% after 0.1% beforehand. The hurricanes lowered expectations. Preview: Trading the NFP with EUR/USD: an upside-down V-shaped graph? The US dollar was looking [...]
The post Non-Farm Payrolls fall by 33K – wages up 0.5% – whipsaw appeared first on Forex Crunch.
Pound/dollar had a speedy rise to 1.3660, above the initial post-Brexit range. It was fueled by the BOE’s talk of a rate hike in November, among other reasons. But this speedy rise has proved to be one taken in a roller coaster. While the recent strength of the US dollar is behind some of the [...]
The post GBP/USD already 600 pips below the highs – 4 reasons appeared first on Forex Crunch.
The Australian dollar falls under 0.78 and probably in order to stay there. The pair reached a low of 0.7743 before bouncing to 0.7760, not really an impressive bounce. The Reserve Bank of Australian already hit the A$ this week. And they are doing it again. The latest trigger has been an interview that the [...]
The post AUD/USD falls to the lowest since July on more dovish talk appeared first on Forex Crunch.
Speculation about the next Fed Chair is mounting. The current head of the central bank, Janet Yellen, is probably not going to continue, but she is also a candidate. The person will have a huge impact on the US dollar. Here is the assessment from Nomura. Here is their view, courtesy of eFXnews: Nomura Research [...]
The post USD: Assessing The Probabilities Of Fed Chair Candidates – Nomura appeared first on Forex Crunch.