Nonfarm Payrolls: An Asymmetric Risk for the Dollar?
The latest US employment data will hit the markets at 13:30 GMT on Friday, with forecasts pointing to yet another solid report. Markets aren’t pricing in much chance of a Fed rate cut in the coming months, so any disappointment...
GBP/USD Outlook: Cable Extended Rally to Seven-Month High, Helped by Downbeat US Data
Cable extended strong advance on Wednesday and hit new seven-month high at 1.3120. The pair cleared several barriers en-route (100/200 WMA’s), after downbeat US data (ADP private employment report and non-manufacturing PMI) further hurt dollar and added to positive pound’s...
US service sector slows more than expected in November
Lead waitress Rhonda Abdullah serving the Taylor’s, James and Voncia of Aurora their lunch at the Welton Street Cafe that will turn 20 this year, the last-standing soul food restaurant in the Five Points neighborhood in Denver, Colorado on June...
Private payrolls growth tumbles in November as jobs market is ‘losing its shine’
Job growth slowed to a crawl in November, with private payrolls increasing by just 67,000, according to an estimate Wednesday from ADP and Moody’s Analytics. The count was well below the 150,000 consensus from economists surveyed by Dow Jones and...
GBPCAD Rally Looks Overstretched Near Resistance Trendline
GBPCAD gained further positive traction on Wednesday and unlocked a fresh 7-month high of 1.7393. It seems that there is more bullish fuel in store, though at a limited amount as the RSI and the Stochastics are moving into overbought...
Your first trade for Wednesday, Nov. 4
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Seagate. Tim Seymour was a buyer of Google. Karen Finerman was a seller of Mastercard calls. Guy Adami was a buyer of...
Dollar Dives after ADP Job Miss, Sterling Shines
Dollar is under much selling pressure after another data miss in ADP employment. Markets are starting to worry that slowdown in the USA economy is not over. Road ahead could be even more bumpy with persistent trade risks. Bloomberg reported...
Weekly mortgage applications drop 9% as refinances pull back
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters The combination of a holiday week and a stagnant mortgage rate environment kept borrowers away from their lenders last week. Mortgage application volume decreased 9.2% from...
FX: Making the best of a bad situation
Increased volatility, extreme market events, the use of algos that can run out of control and ‘flash crashes’ can cause considerable losses to market participants and their underlying clients. If not managed correctly, they can quickly join the ranks of...
How capital markets got here and where they might be going
Debt and equity capital raising, securities trading and associated derivatives have been at the core of this magazine ever since it was founded in 1969 to report on the new international Eurobond market that was springing up. The pioneers of...
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