Latest Market News

Euro Lower on Monday EURUSD is testing below the 1.0785 level today for the first time since early December as a strong US Dollar sets the tone for FX markets. The Dollar is rising on the back of a set of bumper US jobs figures on Friday which saw the largest jobs growth in a […]

Crude Correction Deepens Following a move above the December highs last week, oil prices have turned sharply lower this week with crude futures now down around 7% from YTD highs. The sell-off comes as OPEC+ this week held its production quotas unchanged. There had been speculation of a potential further decrease in production levels suggesting […]

Gold prices took a nosedive following the release of January’s Nonfarm Payrolls (NFP) data by the United States Bureau of Labor Statistics. The report revealed a staggering 353K new hires, surpassing the consensus of 180K and December’s 216K fresh payrolls. Despite investor expectations for a slight uptick to 3.8%, the Unemployment Rate held steady at […]

USD Lower Ahead of NFP Ahead of the latest US jobs data due today, the US Dollar has turned lower. The move comes despite the Fed this week pushing back against near-term rate-cut calls. The sell-off is partly linked to position covering ahead of the data. With a weaker figure expected on the headline NFP […]

The main currency pair is on the rise on Friday. The current EURUSD exchange rate stands at 1.0880. Today promises to be a significant day for currency investors as the US prepares to release employment market statistics for January – and more. Per average expectations, the unemployment rate increased to 3.8% last month from the […]

Brent Brent quotes have broken below the 200-day Moving Average on H4, indicating the potential development of a downtrend. However, the RSI is approaching the oversold area. As a result, in this situation, the price is expected to test the 2/8 (78.12) level, rebound from it, and rise to the resistance at 3/8 (79.69). The […]