Dollar Eases On Profit-Taking Ahead Of An Important Week
Black Friday means financial markets will close earlier than usual today, but don’t despair as there is a lot to look forward to next week.
ISM
Dollar Extends Gains In A Busy Week For US Data
The dollar has staged a broad-based rally today, which caused the GBP/USD to tumble to a new 31-year low and the EUR/USD momentarily dipped below its 200-day moving average once again.
Non-Farm Payroll Disappoints
The U.S. economy only created new 151,000 jobs during the August vs. 180,000 jobs expected.
China’s Economy Expands 6.7% In Q1 Signalling Stablization
China’s economy grew by 6.7 percent year on year in the first quarter of 2016 to reach 15.9 trillion yuan (US$2.4 trillion), according to the latest data released by the National Bureau of Statistics (NBC) on Friday.
AUDUSD Pullback to Play Out? (April 28, 2014)
AUDUSD is in a strong uptrend on its short-term and long-term time frames but it appears that buyers need to regain energy before pushing the pair higher.
A Deeper Look Into the ISM Manufacturing Report
The ISM Manufacturing Index climbed in April to a level of 54.8 from 53.4 March, beating analysis expectations. In fact expectations were for decline to 53.0 levels. While the Price Paid Index held at 61.0 for the month.