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Tag: Forex News

OIL dips below Brent 84.00 on Saudi supply talk

Oil in London extended losses below $84 a barrel after Saudi Arabia said it can tap its spare production capacity immediately to offset any declines in Iranian crude exports due to American sanctions Brent fell as much as 1.1 percent, after retreating 2.5 percent in the past two sessions. Saudi Arabia is pumping about 10.7 million barrels […]

Markets Yield to pressure?

Markets Yield to pressure? Not so far today as the markets have opened predictably quiet with Tokyo and New York celebrating their holidays. USDCNH is trading unpretentiously higher but the USD, in general, remain little-changed post-NFP.  Strength in labour markets, and with wage growth picking up, it suggests the US versus the rest of the […]

More yielding to yields next week ?

More Yielding to yields next week? What a barn burner of a week!! Fixed income took centre stage, but the lingering odour from risk aversion and choppy intraday moves will continue to challenge traders at every twist and turn. With US yields remaining at multi-year highs and breakneck price action triggering a massive uptick in […]

Week Ahead – Dollar Slows Down After US Jobs Miss

The US dollar was mixed Friday. The greenback advanced against the commodity currencies (CAD, AUD AND NZD) edging higher against the CHF, but was lower agains the JPY and the EUR. The GBP deserves a special mention as positive Brexit rumours pushed it 0.61 percent higher against the USD. The American currency lost momentum as […]

OANDA Market Insights podcast (episode 34)

OANDA Senior Market Analyst Craig Erlam and Stephen Innes, Head of Trading Asia review the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week’s big stories: Bond yields spike, US jobless rate hits 49 year low, Italy launches ambitious budget plan, India the latest EM concern, Brexit and more. […]

Time Magazine Includes Blockchain Startup in Its 50 ‘Genius Companies 2018’ List

A blockchain startup from Ghana makes Time Magazine’s top 50 “Genius Companies” list, along with Apple, Netflix and SpaceX The post Time Magazine Includes Blockchain Startup in Its 50 ‘Genius Companies 2018’ List appeared first on

USD/CAD Canadian Dollar Falls Despite US Jobs Report Miss

The Canadian dollar fell against the US dollar on Friday despite a rebound in Canadian employment numbers and a miss in their American counterparts. The loonie did advance against the greenback when the NFP report and the Canadian employment numbers were announced but as traders looked ahead to the long weekend they reduced their short […]

Jobs Report Better Than First Impression Suggests

Naturally whenever we see an NFP in the low hundred thousands, questions are asked about what went wrong in the labour that month and whether it’s a sign of things to come but this time that is not the case. It’s always difficult to assess the impact of something such as Hurricane Florence but it […]

Employment: U.S miss, Canada beat expectations

U.S unemployment rate falls to a 49-year low The September U.S unemployment rate fell to +3.7% from +3.9% in August, the lowest rate since 1969. The U.S non-farm payrolls rose to a seasonally adjusted +134K in September, the smallest gain in the past 12-months. It would appear that Hurricane Florence may have had a bigger […]

USD/CAD – Canadian dollar unchanged ahead of key job data

The Canadian dollar is unchanged in the Friday session. In the North American session, USD/CAD is trading at 1.2919, down 0.02% on the day. On the release front, there are key employment indicators on both sides of the border. Canadian employment change is expected to rebound with a strong gain of 25.0 thousand. The unemployment […]