Posts Tagged ‘federal-reserve’

USDJPY and USDCAD Intraday Outlook: 7/7

by Christopher Lemieuxon July 7, 2014 6:20 pm BST
The US dollar fell from resistance on the assumption that the recent positive labor market data will cause the Federal Reserve to exit their nearly six years of quantitative easing early, as well as leading into the first Fed funds rate increase since 2008. Andrew Wilkinson, chief market analyst at Interactive Brokers, said “the market is getting […]

US 10-Year Note Pulls Back on Jobs Data; Head and Shoulders in View

by Christopher Lemieuxon July 3, 2014 2:50 pm BST
US treasuries sell-off after data from the Labor Department show that 288,000 jobs were added in June, well above the 215,000 increase forecasted by analysts. The US 10-year treasury note yield increased to two-month highs, as the unemployment rate hits a six-year low of 6.1 percent. Traders dumped safe haven assets and double-downed on risk […]

EURUSD Weakens Intraday on Data, Central Banker Speeches

by Christopher Lemieuxon July 2, 2014 2:03 pm BST
The euro-dollar is weakening intraday amid the ADP non-farm payrolls report, suggesting that the United States added 280,000 jobs in May. The dollar reacted positively to the data, bouncing off of multi-session lows. The euro was consolidating after the final gross domestic report shows that the eurozone’s growth continues to be anemic, growing only .2 […]

Gold Outlook: 7/2

by Christopher Lemieuxon July 2, 2014 11:00 am BST
Gold remains elevated, as traders support the precious metal above $1,300 for the last two weeks. Gold has seen demand on an overly dovish Federal Reserve, which looks to prolong their near-zero interest rate policy that has been employed for the last six years. This has caused the US dollar to steadily weaken, which has […]