Jobs creation slows dramatically with payrolls up just 75,000 in May, much worse than expected
Job creation decelerated strongly in May, with nonfarm payrolls up by just 75,000 even as the unemployment rate remained at a 50-year low, the Labor Department reported Friday. The decline was the second in four months that payrolls increased by...
Druckenmiller on attacking big tech: ‘Way to think about the future President Trump, just genius’
Stanley Druckenmiller Katie Kramer | CNBC Billionaire investor Stanley Druckenmiller went after President Donald Trump and lawmakers on Friday for attacking big technology companies. “We are attacking our companies that are the leaders in this stuff. But man, it’s great. We’re supporting...
AUDJPY Bulls Face Big Challenge Around 20-SMA
Selling interest is continuing in the AUDJPY market, remaining below the 20-day simple moving average (SMA). However, the technical indicators are suggesting a possible upside correction. The MACD is strengthening its bullish momentum above the trigger line, while the RSI...
EUR/USD: Descending Channels In Sight
Yesterday, the EUR/USD currency pair tested the upper boundaries of the short-term and long-term descending channels at the 1.1293 mark. During Friday’s morning, the support level formed by the 55– and 100-hour SMAs, the monthly R1 and the weekly R2...
Druckenmiller says ballooning corporate debt could mean big trouble if a recession hits
Billionaire hedge fund investor Stanley Druckenmiller said Friday that mounting corporate debt puts the U.S. in bad shape in the event of a recession. Druckenmiller believes the Fed should have raised rates more in 2016 when it had the chance....
GBP/USD Could Trade Sideways
On Thursday, the GBP/USD exchange rate tested the support cluster formed by the 55-, 100– and 200-hour SMAs in the 1.2661/1.2701 range. Note, that the rate is trading near the upper boundary of the short-term descending channel located circa 1.2734....
USD/JPY Might Trade Down
During the previous trading session, the USD/JPY currency pair reached the upper boundary of the short-term ascending channel at 108.57. During today’s morning, the pair was trading along the given line. From a theoretical point of view, it is expected,...
XAU/USD Could Target 1,345.00
On Thursday, the XAU/USD exchange rate traded sideways around the monthly R2 located at the 1,333.67 mark. Note, that the rate is supported by the 55-hour moving average, currently located at the 1,333.27 mark. Thus, it is likely, that bulls...
The US Dollar Is Still Under Pressure. Investors Expect NFP
The US dollar is declining against a basket of major currencies. The US dollar index closed in the negative zone (-0.26%). Financial market participants follow events concerning the US trade negotiations with China and Mexico. US President Donald Trump threatened...
EUR/JPY Makes New High
The single European currency made a new swing high against the Japanese Yen on Thursday. The currency pair tested the upper boundary of a descending channel pattern at 122.37 during yesterday’s trading session. As for the near future, it is...
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