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Forexlive Americas FX news wrap: US jobs report better than the first look
Forex news for North American trading on December 3, 2020
It will be an early close for Forexlive this weekend as our technology staff takes over with some changes.
It will be an early close for Forexlive this weekend as our technology staff takes over with some changes.
Major European indices close in the red. Give up gains of over 1%
German Dax -0.9%. France’s CAC -0.5%
For the week:
For the week:
Goldman Sachs expects a doubling of taper in December
… And first rate hike in June 2022
Going also expects the Fed to start to tighten in June 2022.
Going also expects the Fed to start to tighten in June 2022.
AUDUSD moves toward swing lows from September/October 2020
Swing lows come in at 0.6991 to 0.7005
The AUD is the weakest currencies on the day, and the pair is pushing to a new 2021 low and moves toward the swing lows from October in September 2020. Those levels come in between 0.6991 and 0.7005. The low price just reached 0.7013. A move below that floor area would increase the bearish bias
The AUD is the weakest currencies on the day, and the pair is pushing to a new 2021 low and moves toward the swing lows from October in September 2020. Those levels come in between 0.6991 and 0.7005. The low price just reached 0.7013. A move below that floor area would increase the bearish bias
A look around the markets as traders react to sharply lower stocks
NASDAQ down over 2%. S&P down over 1%