NFP at 13:30GMT | XAU and USD Expected to Move
December 2, 2016 8:12 amVideo
Latest News
- Trading Signals for EUR/USD for April 25-27, 2024: buy above 1.0684 (21 SMA – 3/8 Murray) April 25, 2024
- Trading Signals for GOLD (XAU/USD) for April 25-27, 2024: buy above $2,324 (21 SMA – 5/8 Murray) April 25, 2024
- Analysis of GBP/USD on April 25th. The dollar suffered a local defeat to win the war April 25, 2024
- USD/JPY: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- EUR/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: trading plan for the US session on April 25th (analysis of morning deals). The pound continued its recovery April 25, 2024
- EUR/USD: trading plan for the US session on April 25th (analysis of morning deals). The dollar is ready for GDP data April 25, 2024
- Euro turns to GDP and inflation data for a lifeline – Preview April 25, 2024
- Technical Analysis – BTCUSD retreats after unsuccessful test of 50-SMA April 25, 2024
- Technical Analysis – NZDUSD advances after bounce off 5-month low April 25, 2024
- Midweek Technical Look – GBPUSD, EURJPY, Gold April 25, 2024
- Amazon earnings set for AI-driven cloud and ads boost – Stock Markets April 25, 2024
- EUR/USD. April 25th. Bulls continue to advance and expect a weak US GDP report April 25, 2024
- GBP/USD. April 25th. Bulls take advantage of weak US statistics April 25, 2024
- Overview of the GBP/USD pair on April 25, 2024 April 25, 2024
- Overview of the EUR/USD pair on April 25th. The dollar may start to get cheaper at the end of the year, after the arrival April 25, 2024
- Technical Analysis – EURUSD creates bullish channel in near term April 25, 2024
- Forex forecast 04/25/2024: EUR/USD, USDX, Gold and Bitcoin from Sebastian Seliga April 25, 2024
- Market Comment – Yen tumbles to fresh lows, dollar awaits GDP April 25, 2024
GBP rallied 1% against the USD yesterday and almost reached a three-month high against the EUR after British Brexit Minister David Davis indicated that London would consider paying for access to European markets after Brexit. The pound rose as much as 1.6% to a three-week high against the dollar at $1.2696. The euro rose 0.7% overnight after Reuters reported the European Central Bank will extend its bond purchases beyond next March.
**Non-Farm Payrolls Today 13:30GMT – 175K Forecast **
Currencies: The EUR was boosted further after French President Francois Hollande said he will not seek a second term, a move seen paving an easier path for conservative Francois Fillon to defeat Marine Le Pen, head of the National Front party. USD fared better against the JPY. The U.S. currency was flat at 113.990 yen after rising to a near 10-month high of 114.830 the previous day, and on its way for a 0.6% weekly gain.
Oil and Gold: Oil prices surged as much as 5% on Thursday, with Brent crude at its highest in nearly 16 months. The gains came after OPEC and Russia agreed to restrict output to reduce the global supply glut more quickly. Yesterday, Gold was trading around $1,174 an ounce in Asia after hitting a 10-month low of $1,160.38 an ounce in the previous session. The yellow metal had fallen more than 8% in November and the outlook is not positive in the short-term as the US interest rate hike is likely.
Stocks: The Dow Jones industrial average rose about 70 points. The S&P 500 fell about 0.4% with information technology falling more than 2% while financials gained more than 1.5%. The Nasdaq under-performed, falling about 1.4% as Apple and most of the so-called “FANG” stocks (Facebook, Amazon, Netflix and Google parent Alphabet) fell. The Nasdaq 100 shed more than 1.5 percent, giving up its post-election gains.
The post NFP at 13:30GMT | XAU and USD Expected to Move appeared first on Forex.Info.
Source: Easy Forex Forex.Info
Related Posts: