Canadian Dollar gives back gains despite upbeat jobs data
The Canadian Dollar (CAD) saw firm gains in employment figures on Friday, with an overall net increase in Canadian employment thumping median market forecasts for a contraction.
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EUR/USD rally rattled by NFP print, US Dollar bites back
EUR/USD trip down extends its losses on Friday after hitting a six-week high near 1.1500 as Nonfarm Payroll figures in the United States (US) came in stronger than expected despite cooling off. -
Gold sinks on solid US jobs report but clings to weekly gains
Gold price extended its losses for the second consecutive day on Friday but is poised to finish the week with gains of over 1.30% after the latest Nonfarm Payrolls report in the United States (US) was solid, pressuring traders to trim their bets that the Federal Reserve (Fed) will ease monetary poli -
Mexican Peso climbs to eight-month highs against the US Dollar despite upbeat US jobs data
The Mexican Peso (MXN) is experiencing its third consecutive day of gains against the US Dollar (USD) on Friday, pushing the USD/MXN exchange rate to its lowest level in eight months. -
Fed’s Harker: Still possible the Fed can cut rates later this yearFederal Reserve (Fed) Bank of Philadelphia President Patrick Harker is embarking on a farewell tour.
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Pound Sterling Price News and Forecast: GBP/USD slips as strong US jobs data cools Fed rate cut bets
GBP/USD tumbled during the North American session, down over 0.30% after the latest jobs report in the United States (US) maintained the status quo, with the economy remaining strong. -
AUD/USD falls as US Dollar bulls return following NFP data
The Australian Dollar (AUD) is weakening against the US Dollar (USD) following Friday’s Nonfarm Payrolls (NFP) pushed back expectations of a near-term interest rate cut from the Federal Reserve (Fed). -
GBP/USD slips as strong US jobs data cools Fed rate cut bets
GBP/USD tumbled during the North American session, down over 0.30% after the latest jobs report in the United States (US) maintained the status quo, with the economy remaining strong. The pair traded at 1.3526 after hitting a daily high of 1.3586. -
S&P 500 reaches 6,000 for first time since February on NFP printThe S&P 500 has dashed up above 6,000 on Friday morning after the May Nonfarm Payrolls (NFP) print came in above consensus, dispelling worries that Wednesday’s ADP Employment Change disaster would carry over into the more trust NFP data.
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The new FX trading week is underway: Here are the initial moves and indications
The new week is underway and it’s looking like a relatively tame start.
Eamonn is off today because it’s the King’s Birthday holiday in Australia so I will be your guide. So far the market moves are minimal but note that bitcoin rose about $2000 on the weekend to $106,400 in a positive sign for risk assets.
This article was written by Adam Button at www.forexlive.com.
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