Mexican Peso gains ground boosted by strong jobs data amid soft US Dollar

Mexican Peso gains 0.25%, buoyed by strong employment figures and general USD weakness. Despite positive US JOLTs data, Banxico’s willingness for bigger rate cuts supports MXN’s strength. Mixed Fed signals on rate cuts; upcoming US labor data could impact Fed’s December policy decision. The Mexican Peso recovers some ground on Tuesday and climbs against the US Dollar, sponsored by…

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Trade Management Case Study Update: CAD/CHF

It’s been a choppy ride for CAD/CHF and it doesn’t look like things will get any calmer with top tier updates for the broad markets and the Canadian dollar ahead. Let’s do a quick analysis to see what kind of management is warranted! This Article Is For Premium Members Only Become a Premium member for full website access, plus…

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BofA: What we expect from the November US jobs report on Friday

BofA anticipates a strong rebound in nonfarm payrolls for November, driven by the reversal of temporary factors that impacted the previous month. The unemployment rate is expected to edge higher due to normalization in labor force participation. Key Points: Conclusion: BofA expects a strong November jobs report, with payroll growth driven by normalization from temporary disruptions and stable wage…

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Dow Jones Industrial Average cools off as record rally takes a pause

The Dow Jones eased down around 200 points on Tuesday. Despite an upbeat JOLTS print, equities have eased off their recent rally. A packed data docket awaits investors in the runup to Friday’s NFP. The Dow Jones Industrial Average (DJIA) pared back recent gains again on Tuesday, declining 200 points despite a better-than-expected print in JOLTS Job Openings in…

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Threat to US Dollar Comes From Within. Forecast as of 03.12.2024

2024.12.03 2024.12.03 Threat to US Dollar Comes From Within. Forecast as of 03.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump’s recent threats against BRICS were a blank shot as this move barely supported the US dollar. However, the ongoing political crisis in France represents another crucial factor. Let’s discuss these topics and make a trading plan for the EURUSD pair. The article…

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Technical analysis for USCrude, XAUUSD, and EURUSD today (03 December 2024)

2024.12.03 2024.12.03 Short-term Analysis for Oil, Gold, and EURUSD for 03.12.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold is holding above the key support…

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S&P 500 and market breadth

The chart of the S&P 500 alongside the percentage of NYSE stocks trading above their 50-day Exponential Moving Average (EMA) provides a snapshot of market breadth —a measure of participation across individual stocks. Currently, 65% of NYSE stocks are above their 50 EMA, a healthy sign indicating broad market participation in the upward trend. Market breadth is an important…

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