USDJPY 111.00 Still Possible
The US dollar is struggling to break above the 110.00 level against the Japanese yen currency as traders remain cautious ahead of the US job report later today. A strong US jobs number could see the USDJPY pair advancing towards...
Asian Stocks Fall As Coronavirus Risks Rise
The Japanese yen was little changed today after the market received weak economic data. Data from the Statistics Bureau showed that household spending in December dropped by -1.7%. This was lower than the estimates increase of 0.2% and November’s increase...
Dollar to Draw Support from Non-Farm Payrolls for a Strong Close
Dollar is trading with a firm tone as markets await non-farm payrolls report from the US. Bet on a Fed rate cut by June receded this week, currently a 36.6% as indicated by fed fund futures, as stocks extended record...
Market Morning Briefing: Aussie Is Likely To Trade Below 0.6775
STOCKS Equities continue to trade higher and broadly remain bullish. Dow can gain further momentum to move higher on a break above 29400-29500. DAX is moving higher in line with our expectation and can test a key resistance in the...
Stocks making the biggest moves after hours: Pinterest, Uber, eBay & more
Pinterest screen on a mobile phone Source: Pinterest Check out the companies making headlines after the bell: Pinterest — The online scrapbook company’s stock rose more than 17% in extended trading after it beat analysts’ estimates for fourth-quarter revenue and...
NFP Preview: Will the Blowout ADP Reading Translate into NFP?
Background Every month, we remind traders that the Non-farm Payrolls report is significant because of how it impacts monetary policy. In other words, the Federal Reserve is the “transmission mechanism” between U.S. economic reports and market prices, so any discussion...
Sustainable investing: Beyond the tipping point
Sustainable investing has now reached a tipping point. Morgan Stanley’s bi-annual Sustainable Signals survey, published in May, interviewed 110 asset owners from North America, Europe and the Asia-Pacific region and found that the majority recognize that considering environmental, social and...
US productivity rebounds in fourth quarter as labor costs growth slows
U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in check. The Labor Department said on Thursday nonfarm productivity, which measures hourly output per worker, increased at a 1.4% annualized rate last quarter. Productivity decreased at an unrevised...
Stocks to Continue Record Runs, Dollar Firm With Aussie
Markets continue to stay in risk on mode today, with US futures point to more record highs. There is some lift by news that China will halve tariffs on some US imports. Also coronavirus continues to be off investors’ mind....
US weekly jobless claims drop to a 9-month low
The number of Americans filing for unemployment benefits dropped to a nine-month low last week, suggesting a tightening labor market would continue to support the economy this year. Initial claims for state unemployment benefits decreased 15,000 to a seasonally adjusted...
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