US hiring has been showing consistently firm labor demand, and economists are predicting that trend to continue for the month of March, albeit at a more moderate pace after the impressive 311,000 jobs that were added in February. While US employment growth has exceeded expectations for 11 straight months, wage growth is expected to slow down, and this might come
EURUSD is projecting sell pressure below 1,0850 to 1,0840. Expecting 1,0830 to 1,0820. Below 1,08 more sell pressure is expected. Attention to buyers around 1,0850 possibly to 1,0860. The 1,08 level is also possible buy level. GBPUSD is projecting sell pressure below 1,23 to 1,2290 and 1,2280. USDCAD is testing lows between 1,3560 and 1,3540. Market is projecting for buyers
EURUSD below 1.0830 still waiting the projection for sellers, if buy pressure is good enough then we can go long at 1.0840 to 1.0850. Always being careful at highs. All prices below 1.0850 and 1.09 is pointing down for sellers. If closing today approaches at 1.0815 we start shorting again to TP 1.0808 and to 1.0805. Below 1.08 all sellers
The Reserve Bank of Australia’s July meeting swaps signal a 50 percent chance of a rate cut, signaling a dramatic shift in monetary policies in the country. This is fueled by increasing uncertainty in the banking sector on an international scale. Jerome Powell himself saying that a pause in rate hikes due to the volatility was considered. With three-year bonds
EURUSD scalping to sell. Sell at 1.0720 to TP 1.07 levels. Attention to around .07 for possible buyers if not buyers keep shorting to TP 1.0680 GBPUSD scalping to sell. Sell at 1.2196 to TP 1.2180. Attention to buyers aroud 1.2180. If not buyers then keep shorting to TP 1.2150 USDCAD buyer only to 1.38 and extentions. Attention to highs
Attention with the volatility in opening between 5:15 and 6:30 ARG time EURUSD sell at 1.0820 with TP 1.0805. At 1.08 we wait confirmation to short again down to 1.0780. Buyers are likely to try their moves at 1.08 so I do not suggest shorting immediately at 1.08. Preferable to pass up that short and possibly buy 1.08 and 1.0780.
EURUSD sellers preference below 1.0870 sellers to 1.0850. Attention to 1.0850 if below it then more sellers to 1.0830 GBPUSD sellers preference below 1.23 to TP 1.2290. Below 1.2290 to TP 1.2280. Below 1.2280 to TP 1.2260 USDCAD buyers only to TP 1.3670, then buy at 1.3680 to TP 1.37
EURUSD sell preference below 1,08 possible testing highs, sell preference below 1.08 to TP 1.0770 and 1.0750. Buyers at 1,0810 to TP 1,0830. GBPUSD sell preference below 1,2260 sellers preferred to TP 1.2200 levels. Buyers at 1,2260 to TP 1,2280. USDCAD above 1,3750 buyers to 1,3780. Below 1,3720 sellers to 1,37 and 1,3680. It can go buy and then short
In the midst of a turbulent week for financial markets, it is reassuring to witness the swift and collaborative efforts of regulators and major financial institutions working together to stabilize the situation. The magnitude of these measures, which include full deposit guarantees at strained US banks, a new Federal Reserve facility to counteract deposit flight and forced liquidation of impaired
Last Friday’s job payrolls beat forecasts for a drop in US unemployment. With a result of 3.6%, American employment remains active, but not the creation of new jobs, which still does not exceed 500,000 new jobs. The effectiveness of the Fed’s communication appears to be working. This means that after a 25bp hike to start the tightening cycle, the strength
