Forexlive Americas FX news wrap: Strong US jobs reports shocks the market 0 (0)

US stocks end the day with mixed results. For the week, the major indices moved higher
Next week US CPI will be the release highlight
Major earnings releases for the week of February 7 to February 11
WTI crude oil settles at $92.31
What’s on the US economic calendar in the week

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US stocks end the day with mixed results. For the week, the major indices moved higher 0 (0)

The major US indices are ending the day with mixed results. The Dow industrial average is lower while the S&P and NASDAQ moved higher. The small-cap Russell 2000 was also higher on the day.The final numbers for the day are showing:Dow industrial average felt -21.42 points or -0.06% at 35089.75S&P in

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ForexLive European morning FX news wrap: Euro adds to gains after hawkish ECB tilt 0 (0)

Headlines:Money markets now price in a 50 bps rate move from the ECB by the end of the yearOil continues to impress as the run higher gathers more legsGoldman Sachs expects ECB to start hiking rates in SeptemberECB survey sees inflation falling back below target next yearEurozone December retail sal

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Oil continues to push higher on the day, where to next? 5 (1)

From a technical perspective, it is hard to go against the rise/break in oil prices at the moment.

WTI crude is trading to its highest since 2014 and there isn’t any clear resistance all the way through to $100 perhaps next. However, there is still plenty of food for thought despite the technical

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Eurozone December retail sales -3.0% vs -0.5% m/m expected 0 (0)

Prior +1.0%Retail sales +2.0% vs +5.1% y/y expectedPrior +7.8%Euro area retail sales were much weaker than estimated in December as rising consumer inflation may be starting to take a toll on spending/consumption despite it being the Christmas shopping season. Retail sales of non-food products fell

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UK January construction PMI 56.3 vs 54.3 prior 0 (0)

Prior 54.3After a more subdued period towards the end of last year, the UK construction sector is seen gaining momentum as commercial activity surged to a six-month high and helping to offset a weaker rise in house building. Adding to the positives is that it appears that the peak phase of supply ch

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EUR/USD nudges to one-week high as dollar stays sluggish 5 (1)

The pair is now trading up to its highest level in a week, clipping the 1.1300 level today. This comes as the dollar remains more sluggish across the board in trading this week, with today being no exception.
USD/JPY is down 0.3% to 114.33 and USD/CHF also down 0.2% to 0.9194 on the day. And we are

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