"The amount of fiscal support the economy has received is historically large and that's going to result in higher economic activity and hiring," Federal Reserve Chairman Jerome Powell said in an interview with NPR's Morning Edition, on March 25. According to Powell, the Fed is moving to deactivating the lending facilities, and will gradually roll back the amount...
I would like to see a slight pullback to re-test the previous order block-level marked. The SL is protected by the daily ATR range and the TP is at a strong daily demand level. If we see price retrace slightly more I may consider setting a buy limit in hopes of getting a wick entry on this pair. The only thing that could be potentially detrimental to this idea is...
The result are bad but the guidance are optimistic on EU and US for Q3, I think that a return to 42€ the 50% 'd be a buy signal for the first target break the 61.8%
Well, it does not bode well for the coming months and years.
After the news for AUD's unemployment and employment, we are looking for a buy on GBPAUD. An uptrend is forming well on the four hour chart, as well with the one hour chart. TP: 1.833+
This chart is the Dow divided by the Unemployment rate of the U.S. I'm not sure if this means anything or not, but it is interesting to look at. I immediately picked out a wedge.... and a gloomy looking one too... October 2020 anyone?
Technically exhausted bulls and tonight we have Businesses & Employment reports incoming from the US (ADP, ISM, and PMI) which are some key data representing the US economic outlook. Any unexpected numbers can spark volatility on this major pair. We had a 50bp emergency rate cut which was a surprise last night from FED and the aftermath outcome for the king was...
VIA Rail lay off + AUD employement news tonight = UP
In today's #marketinsights video recording I analyse #GBPUSDand #USDCAD FX Majors! GBPUSD records best day in months - Johnson-Varadkar see "pathway to deal" by end of October - Despite GDP and MAnufacturing data disappointed USDCAD down on tradewr optimism - Trump changed mind and now is open to a partial deal - Willing to and will meet He on Friday to resume...
USDCAD has remained heavy after posting a 24-day low at 1.3191 yesterday, which extended the correction from the two-and-a-half month high that was printed on Tuesday at 1.3382. The recouperation in risk appetite in global markets, with the U.S. and China headed back to the negotiating table, has been a positive for the Canadian Dollar, and other commodity...
Reasons for buying USDCAD: - Disappointing Canadian employment data last Friday - Price bounced off both the demand zone and support trend line - Crude Oil Futures price rejected resistance trend line Last Friday, Canadian employment posted a huge drop and unemployment increased by 0.2% to 5.7%, both missing estimates by a wide margin. Despite this, the CAD...
GPBCAD made a nice re-tracement during London session on 12 August 2019. Price is now a a key level where the professionals are busy with distribution. On Tuesday it is expected that the GBP red and medium news releases will add to the short momentum of price.
OANDA:USDJPY With global stock markets dropping due to Fed rate hikes, Tarrifs, Brexit, and Italys stalemate, the Japan Yen is emerging favorable as a safe haven. This week BOJ announces rates and Japan releases unemployment while ADP Employment and Non Farm Payrolls are released later in the week from the United States. www.forexcrunch.com
Binary as in 1 and 0. Good unemployment data, I will Long AUDUSD. Bad Employment I will short AUDUSD (Aussie is already pressured by the US China Trade War as it is). A good economic data could give some relief to the Aussie and I want to make sure I am in a trade if that happens
Here is another chart that is using the EMPL_SEC ticker. When applying the Heikin Ashi Indicator to this data and overlaying the Dow Jones on top, you can clearly see the correlation. Employment in the U.S. is what dictates when to get in and when to get out. Please let me know what you all think of this idea and comment with any additional data I should include....
I don't particularly enjoy breaking the bad news but we are at record low levels for insured unemployment which is kind of scary for cycle followers. What we have seen for the last 50 years, a dip in unemployment usually followed by an economic downturn and we see a sudden jump on unemployment numbers. There are many underlying factors to this, which I will not...
Tonight, we have the CAD employment data. No significant change expected in the data. However, if we get a positive NFP data, we could see the USD strengthen further. Giving the USDCAD a solid base to bounce off support of 1.2750. However, a buy trade should be triggered only if 1.28 is breached.
With broad based anticipation for a weaker data and a recently strengthening USD, we could see the USDCAD slowly climb towards 1.2750 and possibly the December highs of 1.2900.