EUR/USD gives up gains after facing selling pressure near the key resistance of 1.0900 in North American trading hours on Friday. The major currency pair drops as the US Dollar (USD) bounces back strongly in the aftermath of the United States (US) Nonfarm Payrolls (NFP) data for October. Initial reaction from the US Dollar was negative, however, it rebounded strongly, with the US Dollar Index (DXY) returning back above 104.00.
The report showed that the economy added 12K fresh payrolls, significantly lower than estimates of 113K and the former release of 223K, downwardly revised from 254K in September. The Unemployment Rate remained steady at 4.1%, as expected.(Cay)
Source: Fxstreet
EUR/USD is steady late during the North American session as investors digest a soft jobs report and shrugs off the shutdown of the US government. The lack of an agreement between the White House and D...
EUR/USD holds firm on Tuesday during the North American session, although the Dollar weakens due to fears of a possible government shutdown that could disrupt the release of crucial jobs data for Fed ...
EUR/USD registers gains of over 0.20% on Monday amid worries of a possible government shutdown in the US, while data in the Eurozone, showed that sentiment improved but failed to propel the shared cur...
EUR/USD continued its rally for the second consecutive session, trading around 1.1720 during the Asian session on Monday. The pair strengthened as the US dollar (USD) weakened after the August US infl...
EUR/USD is posting moderate gains on Friday, trading near 1.1675 at the time of writing on Friday from 1.1645 daily lows, but remains on track for a 0.55% weekly decline. In the United States (US), a ...
The S&P 500 closed mostly flat on Friday, the Dow Jones extended its record run, rising 240 points finisheing at 46,758 after briefly surpassing 47,000 during the session, while the Nasdaq slipped 0.3% as the US government shutdown entered its...
Federal Reserve (Fed) Bank of Dallas President Lorie Logan struck a nervous tone on Friday, warning that despite a rapidly-weakening labor market, a lot of potential policy moves could accidentally spark another round of renewed inflationary...
If it just seems like the first Friday of the month wasn't the same without being able to pore through the Bureau of Labor Statistics' hotly watched monthly jobs report, don't worry. You probably didn't miss much. While the BLS has gone dark with...
The Institute for Supply Management's (ISM) data showed the Manufacturing PMI edging higher to 49.1 in September, up from 48.7 in August and...
The bottom line: The release of official US data is delayed because the federal government is currently in shutdown. While the budget hasn't been...
Asian markets opened higher, following a global rally that pushed world indexes to new records, despite the US entering its first government...
Europe's STOXX 600 closed at a record high on Wednesday, with healthcare stocks leading the way after a U.S.-Pfizer deal reduced uncertainty in the...