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Market Watch

A closer look at the most important news that could affect the market.

The U.S economy added 228.000 jobs in Nov, passing a forecast of 200.000 jobs, and revising from 244.000 jobs a month earlier.The jobless rate held at 4.1% last month, in line with the forecast...Anyway; This development is supposed to support the U.S dollar, so buying the USD on dips...
The Reserve Bank of Australia held its cash rate at a record low 1.50% on Tuesday as expected. The statement came in a very positive tone, especially as the retail sales data which released early Tuesday, showed an improvement in October. The report showed retail sales rose 0.5 percent in October...
U.S Dollar Index Outlook in USDINDEX remains neutral with risk to the downside as long as 93.28 resistance holds on a daily closing basis, support comes at the 92.46 levels. At this point, I'd expect a strong support from the 92.46 levels to contain fall from the 95.04 levels and bring rebound,...
The Canadian Employment Change rose 79.5K, from 35.3K in the preceding month, analysts had expected it to fall 10.0K in the last month. Canadian gross domestic product (GDP) expanded 0.2% in September from a month earlier, beating expectations for a 0.1% rise and better than the last month -0.1%. This development supports the...
The UK Manufacturing PMI rose 58.2, from 56.6 in the preceding month, analysts had expected it to fall to 56.5 in the last month. This development is supposed to support the GBPUSD. Immediate support comes at the 1.3453 levels, while resistance comes at the 1.3548 levels. At this point; I'd...
Almost two hours ago, the British Telegraph newspaper published an article entitled " Exclusive: Britain and the EU agree Brexit divorce bill", the news said: British and EU negotiators have reached a deal over the so-called Brexit bill, opening the door to a potential breakthrough in the talks this December, the...
The U.S CB Consumer Confidence rose 129.5, from 126.2 a month earlier, analysts had expected it to fall 124.0 in the last month. This development is supposed to support the US dollar, EURUSD sees a pullback threat with a break below the 1.1895 levels eyeing the 1.1860 levels, further down...
Last Week's Recap The US dollar continued to fall last week, especially after the Federal Open Market Committee meeting.The Fed's report showed some concern and caution about inflation, which reflected negatively on the dollar. In the ahead, investors will be focused on comments from a number of Federal Reserve speakers,...
The German Ifo Business Climate Index rose 117.5, from 116.8 a month earlier, analysts had expected it to fell 116.6 in the preceding month. This development should advance the EURUSD further higher. At the moment the pair challenges daily chart resistance 1.1857, anyway, minor resistance comes at the 1.1879 levels, a break...
The Canadian Retail Sales for September rose 0.1%, from -0.1% a month earlier, missing a forecast of 0.9% in the preceding month. Core Retail Sales also rose 0.3%, from -0.4% a month earlier, analysts had expected it to rise 1.0%  in the preceding month. This development should keep put the Canadian dollar under pressure but a small recovery...