Posts Tagged ‘S&P 500’

Gold climbed to $1,324.41; USD weaker ahead FOMC

by Forex Rooton July 9, 2014 9:02 am BST
The dollar was little changed near the lowest in four days versus a basket of 10 major currencies before the U.S. Federal Reserve releases minutes of its June 17-18 meeting, when it cut asset purchases for a fifth time. Three rounds of monetary stimulus from the Fed and better-than-forecast corporate earnings have driven the S&P […]

Dollar Falls After Poor ADP Non-Farms Payroll Report

by Christopher Lemieuxon June 4, 2014 1:40 pm BST
The US dollar fell after the initial report that the ADP non-farm payrolls came in much lower than forecasted. According to ADP, only 179,000 jobs were added in May opposed to the general consensus of 217,000 forecasted by analysts. Last month’s report was revised downward from 220,000 jobs to 215,000. This further suggests that the […]

USDCHF Rejected Off 200 EMA; US Dollar Consolidates After Poor GDP

by Christopher Lemieuxon May 30, 2014 12:06 pm BST
The USDCHF has rallied quickly after confirming a double-bottom support on May 8, and price action has pushed through medium-term downtrends through .8950. However, after making a two-month high, the US dollar has fallen and began to consolidate after gross domestic product indicated the first contraction for the United States in three years. Aside from […]

Market Movers: Forex Majors Update 5/28

by Christopher Lemieuxon May 28, 2014 6:48 pm BST
EURUSD: The euro-dollar has traded below 1.3600 and the 200 EMA on the daily chart. A close below this level will push the pair lower to 1.3545 and then 1.3475. The eurozone saw a series of less than expected data earlier this morning, as the German unemployment grew by 24,000 and import prices contracted .3 percent. […]