Canadian Gdp Weaker Than Expected Usd

US June factory orders +0.7% vs +0.7% expected and US weekly initial jobless claims 218K vs 220K expected. Markets now look ahead to nonfarm payrolls expected to be strong against the backdrop of the ADP numbers and the uptick in manufacturing employment. Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity. European stock markets followed Asian and Wall Street peers to tread in the red zone as renewed anxiety surrounding inflation and a painful inflation combat drowned world markets.

By Yasin Ebrahim Investing.com — The euro on Monday hitched a ride to parity against the dollar as European Central Bank members talked up front-loading rate hikes, but some… https://centralrecorder.com/dotbig-best-forex-broker-review/ As for economic data, it arrived with downward revisions to durable goods, but that did little to slow up the pace of flow into the greenback in North American trade.

Canadian Gdp Weaker Than Expected Usd

The precious metal is heading for a fifth consecutive monthly loss and is now nearing an important, longer-term zone of support. Choose from spread-only, fixed commissions https://www.dukascopy.com/swiss/english/forex/trading/ plus ultra-low spread, or STP Pro for high volume traders. Trade a wide range of forex markets plus spot metals with low pricing and excellent execution.

By Geoffrey Smith Investing.com — The euro rose back above $1 in morning trade in New York on Friday, after Reuters reported that the European Central Bank may discuss raising… By Karen Brettell NEW YORK – The dollar index gained on Friday after Federal Reserve Chair Jerome Powell adopted a hawkish tone to battling inflation, but did not settle… DotBig.com By Ambar Warrick Investing.com– The Chinese yuan edged higher on Wednesday after data showed manufacturing activity shrank slightly less than expected in August, while most other… The Australian dollar failed to retain early gains and trades near its weekly low at 0.6840, weighed by a dismal market mood as shown by falling high-yielding equities.

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Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of August. ADP said private sector employment rose by 132,000 jobs in August after jumping by 268,000 jobs in July. By Ambar Warrick Investing.com– Asian currencies moved little on Tuesday as investors weighed potential risks from a hawkish Federal Reserve and strong dollar, while the… By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Wednesday after more hawkish Fed comments, while the euro continued to languish below parity. MOSCOW -The rouble firmed towards 60 against the dollar on Monday, supported by the last month-end tax payments that boost demand for the Russian currency, while stocks… Stay up-to-date on breaking as well as relevant financial developments. Spotgoldfell to a fresh monthly low of $1,709.61 a troy ounce, maintaining the red but off the mentioned low at the time being.