Excellent jobs report by ADP: no less than 250K private  sector jobs were gained in the US in December. The figure for November was only slightly revised down from 190K to 185K. All in all, the gain in jobs is good news on its own and also a big beat on expectations. Most of these...

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The US gained 113,000 jobs in January. The unemployment rate stands at 6.6% – little changed from the previous month. The US Non-Farm Payrolls report was expected to show a gain of around 185K in the first month of 2014 after an initial report about 74K for December. Even though significant revisions were expected, there...

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The recent US Non-Farm Payrolls showed a 217K gain in jobs in May — expectations were around 214K jobs. The unemployment rate remained unchanged at 6.3%, while it was predicted to inch up to  6.4%. This report showed numbers, which were  inline with market expectations and thus the report currently has  a modest impact  on...

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A very strong  US jobs report: A gain of 271K.  Wages grew at a faster rate. It’s mostly  positive albeit  with  little upward revisions — an upside of 12K. The  unemployment rate slid to  5%. Participation is at 62.4% — unchanged. Y/y wages are at 2.5% — the fastest pace since July 2009.   USD...

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Lower than expected data in the US: only 156K jobs were gained and wages went up by 0.1%, lower than expected on both fronts.The participation rate was unchanged at 62.9%. Wages y/y are still at an annual pace of 2.5%. Overall, not a great report on both wages and headline job growth.   The US...

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Fundamental factors: The pound fell to a two-month low after Theresa May added to fears that Britain is heading towards “Brexit”. In the previous week, UK PMIs Pointed to expansion and beat their estimates, but the pound was unable to gain strength against Dollar. Dollar strengthening against Pound could drift the pair lower towards 1.1900/1.1185...

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After worse than expected UK CPI Data on Tuesday, October 14th bears took cable towards 1.5870 levels (inverse Fibonacci 23.6 level) where the pair found its next support level.  Although the pair had a strong bullish momentum during the second half of the week, the pair could not breach its down-sloping trendline and closed the...

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GBP/USD failed to dip below the psychological area of 1.6000 during Thursday’s European session, despite the disappointing retail sales data. On Friday UK QoQ GDP rose 0.7% in Q3 in line with expectations, however weaker than Q2’s QoQ +0.9% expansion. Although fundamentally slowing in Economic growth raise concerns regarding GBP, it enables us to believe...

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The EURUSD is trading along a descending short term trend line, it found support at 1.3805, where the 50 SMA has been established on the Daily Chart. A decisive break below this support will cause the Euro to lower down to the 38.2 Fibonacci level at 1.3750, possibly a follow by fall down to 23.6...

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EUR/USD lost ground ahead of the April ECB meeting. The Euro Zone central banking authority has mentioned that negative rates are a potential option in a bid to boost the euro and make it stronger by creating an incentive for the purchase of bonds. The euro has been trading in a bullish range, at first...

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