The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of the range, so…
Nonfarm Payrolls are expected to rise by 130K in May, down from the 177,000 increase recorded in April. The United States Bureau of Labor Statistics will publish the employment report at 12:30 GMT. The US employment report could influence the odds of a July Fed rate cut, rocking the US Dollar. Nonfarm Payrolls (NFP), one of the most high-impact…
2025.06.06 2025.06.06 Short-Term Analysis for Oil, Gold, and EURUSD for 06.06.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for 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. The euro continued to trade in a short-term uptrend…
The US markets opened strong with a Trump-Xi call, progress in US-Canada and US-EU trade talks, and an ECB rate cut lifting risk appetite. But the party ended fast when a Trump-Musk feud sent Tesla sliding 14% and flipped sentiment from risk-on to risk off. Bitcoin fell below $101,000, gold gave up 4 week highs, and dollar weakness quickly…
Prior +0.2% (revised to +0.1%) This article was written by Giuseppe Dellamotta at www.forexlive.com.
EUR/USD trades sideways around 1.1440 as investors await the US NFP data for May. Easing US-China trade worries have supported the US Dollar. The ECB reduced its key borrowing rates by 25 bps on Thursday. The EUR/USD pair trades in a limited range around 1.1440 during Asian trading hours on Friday. The major currency pair consolidates as investors await…
As expected, the European Central Bank (ECB) delivered its eighth consecutive rate cut since June 2024, this time reducing the deposit rate by 25 basis points to 2.0%. The decision was virtually unanimous, with only one member (likely Austrian governor Robert Holzmann) dissenting. However, the bigger story emerged from President Christine Lagarde’s press conference, where she signaled the central…
China’s central bank unexpectedly injected 1 trillion yuan (around $139 billion) in three-month cash via outright reverse repos on Friday, a break from its usual practice of conducting such operations at the end of the month. The move appears aimed at easing mounting concerns over interbank liquidity, as borrowing costs rise and financial stress builds ahead of a heavy…
WTI lacks firm intraday direction, though it remains on track to register weekly gains. The US-China trade talks raise hopes for fuel demand growth and support Oil prices. A bearish USD also acts as a tailwind for the commodity ahead of the US NFP report. West Texas Intermediate (WTI) US Crude Oil prices oscillate in a narrow band, around…
Adam took a look at the data tto write his NFP preview. Check it out here: May non-farm payrolls preview by the numbers: What does the data say This article was written by Eamonn Sheridan at www.forexlive.com.
