Category: Info

Dollar dominates as Americans get a fatter paycheck

The Non-Farm Payrolls report for August 2018 was upbeat.  The US Dollar took advantage of it, in a much needed straightforward reaction. The odds of a rate hike in December have risen. US wages rose 0.4% MoM in August, double the early expectations. The broader YoY measure shows an acceleration from 2.7% to 2.9%, also […]

EUR/USD awaits the NFP, tariffs, under downtrend resistance

The EUR/USD is ticking up ahead of the US Non-Farm Payrolls. Markets also await potential new US tariffs on China. The technical picture is slightly bullish for the pair. The EUR/USD is trading higher, rising within the 1.1600 handle. The US Dollar is slightly weaker on Friday. The deadline for public comments on potential new US tariffs […]

EUR/USD locked and loaded as markets await tariffs, NFP

The EUR/USD is sticking to well-known levels above 1.1600, awaiting news on new US tariffs on China, as well as the US Non-Farm Payrolls. What’s next? The big targets have not changed, but in order to determine the direction, the near-term levels play a critical role. The Technical Confluences Indicator shows that immediate resistance awaits at 1.1641 which is the convergence […]