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Forexlive Latest News

Technical Analysis

AUDUSD runs higher after US jobs report but stalls at a key ceiling.What next technically?

AUDUSD

AUDUSD runs higher after US jobs report but stalls at a key ceiling.What next technically?

  • The AUDUSD backs off toward key 100-day MA level at 0.6580
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 15:58 GMT-0
03/05/2024 | 15:58 GMT-0
News

European equity close: A silver lining to a tough week

European equity close: A silver lining to a tough week

  • Closing changes for the main markets in Europe
Adam Button
Adam Button
Friday, 03/05/2024 | 15:42 GMT-0
03/05/2024 | 15:42 GMT-0
Technical Analysis

USDCAD bounces back higher after sellers had their shot and missed after the softer jobs.

USDCAD

USDCAD bounces back higher after sellers had their shot and missed after the softer jobs.

  • The good news for USDCAD traders is the support held. Resistance is holding. The 50% midpoint sits between the extremes to act as a rudder for buyers and sellers technically in the USDCAD.
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 15:19 GMT-0
03/05/2024 | 15:19 GMT-0
Education
Sponsored

Octa crypto snapshot: will investors continue to buy Bitcoin after the halving?

Octa

Octa crypto snapshot: will investors continue to buy Bitcoin after the halving?

  • On the night of 20 April, the Bitcoin network experienced its fourth halving.
Octa
Thursday, 02/05/2024 | 10:45 GMT-0
02/05/2024 | 10:45 GMT-0
Central Banks

Goldman Sachs still thinks a July rate cut is more likley

Goldman Sachs still thinks a July rate cut is more likley

  • Comments from Jan Hatzius, chief economist at Goldman Sachs
Adam Button
Adam Button
Friday, 03/05/2024 | 15:06 GMT-0
03/05/2024 | 15:06 GMT-0
Technical Analysis

USDCHF falls to the April low/swing area and bounces. Resistance now eyed at 0.9070 now.

USDCHF

USDCHF falls to the April low/swing area and bounces. Resistance now eyed at 0.9070 now.

  • USDCHF technical levels are set after the soft US data
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 14:40 GMT-0
03/05/2024 | 14:40 GMT-0
Central Banks

Fed's Goolsbee: Jobs reports like this will give us confidence the economy not overheating

Fed's Goolsbee: Jobs reports like this will give us confidence the economy not overheating

  • Comments from Goolsbee in an interview with Bloomberg TV
Adam Button
Adam Button
Friday, 03/05/2024 | 14:31 GMT-0
03/05/2024 | 14:31 GMT-0
Central Banks

Fed's Goolsbee set to speak shortly

Fed's Goolsbee set to speak shortly

  • Goolsbee to speak on Bloomberg TV
Adam Button
Adam Button
Friday, 03/05/2024 | 14:22 GMT-0
03/05/2024 | 14:22 GMT-0
News

Japan fin min Suzuki: Rapid currency moves are undesirable as they would hurt households

Japan fin min Suzuki: Rapid currency moves are undesirable as they would hurt households

  • Comments from the Finance Minister
Adam Button
Adam Button
Friday, 03/05/2024 | 14:09 GMT-0
03/05/2024 | 14:09 GMT-0
AUDUSD runs higher after US jobs report but stalls at a key ceiling.What next technically?
News

Iraq and Kazakhstan pledge to make up for OPEC quota overproduction before year end

Iraq and Kazakhstan pledge to make up for OPEC quota overproduction before year end

  • Statement from OPEC
Adam Button
Adam Button
Friday, 03/05/2024 | 14:07 GMT-0
03/05/2024 | 14:07 GMT-0
Education
Sponsored

FXIFY Celebrates 1 Year Anniversary: Establishing Itself as an Industry Leader

FXIFY

FXIFY Celebrates 1 Year Anniversary: Establishing Itself as an Industry Leader

  • Celebrating its first anniversary, FXIFY has gained global recognition and trust.
FXIFY
Thursday, 02/05/2024 | 07:43 GMT-0
02/05/2024 | 07:43 GMT-0
News

Japan FM Suzuki: Rapid currency moves are undesirable.USDJPY bounces off KEY support

Japan FM Suzuki: Rapid currency moves are undesirable.USDJPY bounces off KEY support

  • USDJPY lower on the day with help from US data
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 14:03 GMT-0
03/05/2024 | 14:03 GMT-0
News

ISM April services index 49.4 vs 52.0 expected

ISM April services index 49.4 vs 52.0 expected

  • The US services index from the Institute for Supply Management - April 2024
Adam Button
Adam Button
Friday, 03/05/2024 | 14:00 GMT-0
03/05/2024 | 14:00 GMT-0
Central Banks

Fed's Bowman: Baseline outlook still that inflation will decline with rates steady

Fed's Bowman: Baseline outlook still that inflation will decline with rates steady

  • Comments from the Fed hawk
Adam Button
Adam Button
Friday, 03/05/2024 | 13:46 GMT-0
03/05/2024 | 13:46 GMT-0
News

S&P Global final April services 51.3 vs 50.9 prelim

S&P Global final April services 51.3 vs 50.9 prelim

  • The final reading on the services sector in April from S&P Global
Adam Button
Adam Button
Friday, 03/05/2024 | 13:45 GMT-0
03/05/2024 | 13:45 GMT-0
News

US stocks open higher as jobs report gives traders the nudge

US stocks open higher as jobs report gives traders the nudge

  • Softer jobs report sends yields lower and stocks higher
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 13:44 GMT-0
03/05/2024 | 13:44 GMT-0
News

ISM services report still to come

ISM services report still to come

  • Big report coming on the US service sector
Adam Button
Adam Button
Friday, 03/05/2024 | 13:38 GMT-0
03/05/2024 | 13:38 GMT-0
Education
Sponsored

2024 Mobile Trends in the Fintech Industry

fintech360

2024 Mobile Trends in the Fintech Industry

  • Main solutions and trend-setters in the sector.
Fintech360
Tuesday, 30/04/2024 | 08:08 GMT-0
30/04/2024 | 08:08 GMT-0
News

S&P Global Canada April Services PMI 49.3 vs 46.4 in March

S&P Global Canada April Services PMI 49.3 vs 46.4 in March

  • Canada services rebound in April but still below 50
Adam Button
Adam Button
Friday, 03/05/2024 | 13:37 GMT-0
03/05/2024 | 13:37 GMT-0
Technical Analysis

Kickstart the FX trading day (post NFP) with a technical look at EURUSD, USDJPY, GBPUSD.

FX

Kickstart the FX trading day (post NFP) with a technical look at EURUSD, USDJPY, GBPUSD.

  • The US jobs report was weaker than expected and that has kicked the USD lower. What are the technicals telling us now?
Greg Michalowski
Greg Michalowski
Friday, 03/05/2024 | 13:13 GMT-0
03/05/2024 | 13:13 GMT-0
News

US equity futures jump as jobs growth cools

US equity futures jump as jobs growth cools

  • Softer non-farm payrolls leads to stronger stock markets
Adam Button
Adam Button
Friday, 03/05/2024 | 13:08 GMT-0
03/05/2024 | 13:08 GMT-0
News

Why this could be just the beginning for the downturn in jobs

Why this could be just the beginning for the downturn in jobs

  • More employment weakness to come
Adam Button
Adam Button
Friday, 03/05/2024 | 12:50 GMT-0
03/05/2024 | 12:50 GMT-0
News

Risk-on sentiment might come back with vengeance

Risk-on sentiment might come back with vengeance

  • Slight miss on the NFP number combined with falling wage growth is setting aside inflation risks
Giuseppe Dellamotta
Giuseppe Dellamotta
Friday, 03/05/2024 | 12:45 GMT-0
03/05/2024 | 12:45 GMT-0
News

US dollar falls after jobs data softens

US dollar falls after jobs data softens

  • US dollar declines across the board
Adam Button
Adam Button
Friday, 03/05/2024 | 12:39 GMT-0
03/05/2024 | 12:39 GMT-0
Education
Sponsored

Octa's market snapshot: The Fed is stuck between recession and high inflation

Fed

Octa's market snapshot: The Fed is stuck between recession and high inflation

  • The Fed is expected to leave rates unchanged.
Octa
Monday, 29/04/2024 | 13:58 GMT-0
29/04/2024 | 13:58 GMT-0
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