It may seem as if the U.K. has been mired in political turmoil forever, but the deadlock over Brexit and the country’s future may just be broken next week when the public goes to polls.
Cryptocurrency exchange Coinbase’s Visa debit card offering has added support for ethereum-based DAI stablecoin. Announcing the news Friday, Coinbase Card said DAI is the first stablecoin added to its offering.The post Coinbase’s Visa debit card adds support for DAI stablecoin appeared first on The Block.
Investing.com – Stocks on Wall Street surged Friday after the Labor Department reported a larger-than-expected gain on nonfarm payrolls and a decline in the jobless rate.
Investing.com – The U.S. dollar rallied on Friday as stronger-than-expected U.S. jobs gains last month reaffirmed beliefs that the economy remained on solid footing.
The Canadian dollar is flat on Friday, but that could change in the North American session. Canada and the U.S. will both release key employment numbers at 15.:30 GMT.
Based on the early price action and the current price at 1.1094, the direction of the EUR/USD the rest of the session on Friday is likely to be determined by trader reaction to the downtrending Gann angle at 1.1111. This angle stopped the buying earlier in the session.
Investing.com -- Gold prices tumbled on Friday after a stronger-than-expected U.S. labor market report sent risk assets soaring and drained money from havens.
Based on the early price action and the current price at .6568, the direction of the NZD/USD on Friday is likely to be determined by trader reaction to the Fibonacci level at .6567.
The British pound has come off its highs against the dollar ahead of today’s jobs report but ultimately the jobs data and speculation ahead of the UK election will drive the pair.
EUR/USD continues to struggle with the 1.1100 handle but is holding near highs for the week ahead of Non-Farm payrolls data.
China's Finance Ministrysaid it would exclude some U.S. soybeans, pork and other commodities from tariffs. The government did not indicate how much of those products would be excluded. The move comes as the U.S. and China are attempting to reach a so-called phase one agreement on reducing trade tensions.
The NZD/USD has been bullish since Monday’s strong rally was fueled by talk of fiscal stimulus to boost the New Zealand economy. The Kiwi was also boosted after an unexpected rebound in Chinese manufacturing raised hopes of a brighter outlook for the world economy.
The British pound has taken a breather on Friday, but is up almost 2 percent on the week. The pound has gained ground as the Conservatives continue to hold a lead in election polls. The Aussie and NZ dollar have also posted sharp gains against the U.S dollar this week.
On the data front, all eyes will be on Friday’s jobs report as investors will be looking for a clear read on the U.S. labor market. A weak report may raise the chances of a Fed rate cut in March, but I don’t think it’s going to influence the Fed at its next meeting on December 11.
As far as today’s Non-Farm Payrolls report is concerned, the headline number will have to completely miss the estimate to shake up the gold trade. With the Fed not expected to make a move on rates until perhaps March 2020, the main focus for gold traders will be on the trade deal.
In November, Lagarde delivered her first speech as the ECB President. Will she follow in Draghi’s footsteps? But what should gold investors expect from her?
Gold is a safe-haven instrument that measures uncertainty, fear, greed and the future expectations related to a secure global market economy.
Investing.com – Prices of the safe-haven gold fell on Friday in Asia as traders continued to monitor Sino-U.S. trade news.
Nonfarm payrolls from the U.S will influence later in the day. The UK election opinion polls and trade news also need a watchful eye.
The Canadian dollar is steady on Thursday, after an optimistic Bank of Canada rate statement boosted the currency. Higher oil prices have also contributed to the Canadian dollar gaining ground.
Gold markets bounced just a bit during the day on Thursday, but not enough to get traders excited. At this point it’s obvious that the markets are continuing to measure the global economy and of course the Federal Reserve.
The British pound rallied again during the trading session on Thursday, breaking above the 1.31 level yet again. At this point, there is a lot of bullish pressure underneath and it should be obvious that we are broken out.
The British pound rallied again during the trading session on Thursday, reaching above the ¥143 level. At this point, the market has clearly broken out and it looks like we will continue to go much higher.
The Euro rallied early during the trading session on Thursday, as we continue to see a bit of bullish pressure recently. That being said, we are still in a very tight consolidation area and of course have a lot of resistance as shown from the previous session.