NDOBObanks

NDOBObanks Updated 

US January non-farm payrolls +143K vs +170K expected. As a result, we expect the dollar to show some weakness going into the end-of-the-week trading. We are looking for GBPUSD longs as we can see based on the our, the technicals are in support of the fundamentals.

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Canada's January employment change 76.0K vs 25.0K estimate. US January non-farm payrolls +143K vs +170K expected NFP data came in lower than expected while employment data came in stronger than expected for the CAD. Due to the result, we expected the pairs to move in opposite directions with the USD being the weaker of the two pairs.

NDOBObanks Updated 

NFP is expected to come in at about 169k. We will watch the actual news results before deciding whether to continue the trade. If the news comes in better than expected, we expect the US dollar to become stronger against the Yen. If NFP comes in lower than expected, we will be looking to other major pairs for trading setups. We can see price is moving in a...

NDOBObanks Updated 

US January ISM services 52.8 vs 54.3 expected. This indicates a slowdown in the service sector in the USA. Due to this news, we expected the Dollar to become weaker against the Yen.

NDOBObanks Updated 

US January ISM services 52.8 vs 54.3 expected. This indicates a slowdown in the US service sector. The service sector in the United States includes many industries that provide services to consumers, such as financial services, education, healthcare, entertainment, technology, construction, and housekeeping. As a result, we expect the dollar to become weaker than...

NDOBObanks Updated 

China's January Caixin Services PMI was 51.0 vs. 52.2 in December. This shows a slowing service sector in China. As a result of this economic news release, the Australian dollar is expected to potentially weaken against the Japanese yen. We must remember that China is one of Australia's biggest trading partners, so anything that happens in China will almost always...

NDOBObanks Updated 

We expect the FED to lower rates as expected. We could see the dollar become weaker against the Yen if we do not get any unexpected surprises today from the FED.

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As expected, the Bank of Canada rate decision cuts rates by 25 basis points. As a result, we expect the Canadian dollar to weaken against the Japanese yen since we didn't get any surprises from the BOC.

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The BOJ is expected to cut Japan's interest rate buy 0.50% or 50 basis points, which could see JPY weaken hence we are opting for a buy/long AUDJPY Trade. If they hold rates unexpectedly, we still plan to go buy/ long AUDJPY.

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Canada December CPI 1.8% y/y versus 1.9% expected. Due to the above result, we are looking to sell the CADJPY due to the potentially weaker Canadian dollar.

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Canada December CPI 1.8% y/y versus 1.9% expected. Due to the above result, we are looking to sell the CADCHF due to the potential weaker Canadian dollar.

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Canada December CPI 1.8% y/y versus 1.9% expected. Due to the above result, we are looking to buy the USDCAD due to potential weaker Canadian dollar.

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Eurozone November preliminary CPI +2.3% vs +2.3% y/y expected. This is in line with estimates which is a short due to no surprises.

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Eurozone November preliminary CPI +2.3% vs +2.3% y/y expected. This is in line with estimates which is a short due to no surprises.

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S&P global Services PMI 57.0 versus 55.2 estimates. Looking to short this pair.

NDOBObanks

S&P global Services PMI 57.0 versus 55.2 estimates. Looking to short this pair.

NDOBObanks Updated 

UK October retail sales -0.7% vs -0.3% m/m expected

NDOBObanks Updated 

UK October retail sales -0.7% vs -0.3% m/m expected