USD/JPY is feeling the pull of gravity alongside corona virus-led ron in the equity and bond markets. The risk appetite has weakened as the second wave of the corona virus is accelerating in the US. Investors fear the authorities may respond by imposing the economically-painful lockdown restrictions. However investors could be pricing out the optimism [...]
AUD/USD is currently trading at 0.7277 having travelled between a range of 0.7318 and a low of 0.7260, somewhat under pressure from both a technical and fundamental perspective The dollar held broad gains on Thursday as investors tempered bullish expectations about a COVID-19 vaccine. It looks like U.S. dollar gets some support from the recent [...]
The Nonfarm Payroll News Trading Strategy is a currency news trading strategy you can use to trade the Nonfarm payroll data. Many new traders don’t know what a non-farm payroll is. Here, we will give a brief rundown of what a nonfarm payroll is and give you a system to trade the nonfarm payroll. What is the Non-Farm Payroll (NFP): [...]
NZD/USD is gaining strength following the Reserve Bank of New Zealand (RBNZ) governor Orr's positive comments on the state of the economy. "The economic activity domestically and internationally has been more resilient than earlier assumed," Orr said during the post-rate decision press conference while taking note of the below-target inflation and employment. Adding to the [...]
