Strong Employment Report Makes Powell’s Job Harder to Turn Cautious
Employment remains robust for the US economy. The non-farm payroll report for December beat expectations with a 312,000 reading, way above the 184,000 forecast and the prior reading which was revised higher to 176,000. Wages are stellar, also rising to...
Strong Non-Farm Payrolls Lift Sentiments, Dollar Rises With Hesitation
Global stock markets are staging a strong rebound today as China announced to cut bank reserve requirement to help the private sector and small companies. There is also a sense of optimism as China and US finally confirmed that trade...
Job growth surges by 312,000 in December
Job creation ended 2018 on a powerful note, with nonfarm payrolls surging by 312,000 in December though the unemployment rate rose to 3.9 percent. The jobless rate, which was last higher in June, rose for the right reason as 419,000...
Cleveland Fed President Loretta Mester says if inflation doesn’t rise, Fed could stop hikes
Cleveland Federal Reserve President Loretta Mester told CNBC on Friday the central bank could stop hiking interest rates this year if inflation doesn’t rise. The U.S. economy is “in a really good spot,” said Mester, who was a voting member...
NZD/USD Possible Breakout
Bullish sentiment dominated the NZD/USD currency pair on Thursday. The pair bounced off the lower boundary of a descending channel pattern at 0.6600 and had since gained about 110 base points. The exchange rate is trading near the upper boundary...
USD/CAD Likely To Consolidate After Decline
Downside risks have been dominating the USD/CAD exchange rate since Thursday’s trading session. As a result, the US Dollar has depreciated about 210 base points against the Canadian Dollar. The currency pair is gradually moving towards the lower boundary of...
EUR/JPY Breaches 50-Hour SMA
Bullish sentiment dominated the single European currency against the Japanese Yen on Thursday. The currency pair gained about 241 base points during yesterday’s trading session. The exchange rate tested the 50-hour simple moving average at 123.25 during the Asian session...
AUD/USD Bullish Sentiment Today
Upside risks dominated the Australian Dollar against the US Dollar on Thursday. The exchange rate breached the upper boundary of a descending channel pattern at 0.7017. The currency pair is currently pressured from both sides by SMA. The 50-hour simple...
USD/JPY Outloook: Huge Hammer May Signal Stronger Recovery, Today’s Key Events Eyed For Further Signals
The pair holds in green on Friday on optimistic signals about US/China talks which reduced safe-haven demand and put yen under pressure after five straight days of rallying. Very strong downside rejection on Thursday suggests that bears faced very strong...
European stocks open higher as US and China agree to hold trade talks
European shares opened higher on Friday following news that the U.S. and China will hold trade talks next week. The pan-European Stoxx 600 index rallied almost 1 percent, with all sectors and major bourses in positive territory. Basic resources stocks...
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