GBP: bullish trend under question
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NFP Dissapoints – Risk Off Gains Momentum
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAG/USD: Silver during the last hours is trying to move higher and continues to stand a bit 23.6% retracement area.
US Market View
Very muted market reaction after NFP. However, given the margin of error some of the recent prints have seen (in relation to consensus estimates), this can be considered a rather "in-line" release. The U.S. labor market's recovery weakened in September, with the economy adding only 661,000 new nonfarm jobs through the middle of the month, less than half of what it created in the month through mid-August.
US Key Point
- Fed's Harker: Will accept periods of above 2% inflation after long periods of sub-2%
- Madrid and nine nearby cities to enter partial lockdown today
- EURUSD defines the range. Moves a little lower after the jobs report.
Michael Eliades
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GBP: bullish trend under question
Jump in to get the technical analysis of GBP/JPY and GBP/USD!
Gold: trade the sideways move
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
$1.9 tln stimulus is unlikely to support the USD in long term
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
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