Taken together with the early ISM Manufacturing PMI, the data suggest the impact of hurricanes Harvey and Irma on the US economy may have been less that was previously feared.
October 4,2017
Differing methodologies between how the ADP and BLS nonfarm numbers are counted mean the ADP number should have been relatively unaffected by the recent hurricanes. But it felll by more than 100,000 during September.
October 4,2017
The Dollar has recoverered from its 1.3658 highs to the mid 1.32s over the past three weeks, but the recovery now looks like it may be running out of steam; we review the key drivers of this pair, both fundamental and technical.
October 4,2017
The Pound-to-US Dollar is in an uptrend but the price, "seems like it has pulled back a little bit too far, because the price has gone beyond this 10 and 20 moving average buy zone. Which tells me a much further pull-back is due," says Trade With Precision's (TWP's), Trading Instructor, Hao Sun.
October 3,2017
The market reaction to a strong ISM number was expected to be muted as investors have already priced-in a faster Fed.
October 3,2017
The pair continues to trade with an upside bias which is likely to either gain or lose validity depending on key activity data this week; politics will come to the fore too, with the Conservative party conference and on Friday the Dollar will be in the spotlight with the release of September Payrolls.
October 2,2017
The latest round of EU negotiations have shown a willingness on both sides of the table to push forward and in a concerted manner; something which analysts say boosts the Pound’s prospects over coming months.
September 29,2017
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