Australian unemployment is released overnight and is forecast to rise to 4.8% from 4.7% in September. The labour force is expected to gain 50k jobs. Strong lead indicators remain firm even during the most recent lockdowns. This suggests there is …
After falling since May from a high at 156.07, this pair has struggled to break down decisively through a strong area of support around 148. Sellers tried to push prices lower several times with lows at 148.45/52. Trendline resistance from …
Bullish momentum in NZD/USD picks up The kiwi is the leading major currency today on news of a further easing of covid restrictions expected by the end of the month. Strong US jobs data did little to alter the current …
We get a double helping of jobs data from North America this afternoon in the form of the monthly US non-farm payrolls data and the Canadian employment numbers. (Remember these are released at 12.30pm UK time.) Volatility should be expected …
With today’s Bank of England decision on a knife-edge, the MPC faces what some are calling its “moment of truth”. Markets are pricing in a 50-60% chance of a rate hike of 15 bps, though some analysts are expecting a …
After months of “will they / won’t they”, the Fed will finally announce the start of tapering at today’s meeting. A reduction of $15bn per month with net buying ending by the middle of next year is discounted. The focus …
Weekly DXY: Consolidation above multiple levels of resistance We can see on the weekly chart, the widely watched Dollar Index (DXY) looks to have formed a double bottom reversal pattern around 90 during January and May earlier this year. The …
USD/CHF falls below 200-day SMA Since poking above long-term trendline resistance from May 2019 above 0.93 in late September, sellers have been in the ascendancy. The July peak at 0.9274 also looks to have capped the upside. From here, prices …
We had a eurozone data dump earlier today with Q3 GDP expanding in line with expectations (+2.25 y/y). The flash CPI estimate surged more than expected in October with inflation above 4% and the core reading above 2%. But the …
The yen is at the bottom of the G10 currency pile this month. Hit by the broadly more positive risk tone, the dovish BoJ did nothing today to change the view that they are in any rush to tighten policy …
