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Day: January 8, 2021

Economy sees job loss in December for the first time in eight months as surging virus takes toll

Job creation came to a halt in December as restrictions brought on by surging Covid-19 cases hammered virus-sensitive industries, particularly bars and restaurants, which lost nearly half a million positions. The Labor Department reported Friday that nonfarm payrolls fell by 140,000. That was below expectations for 50,000 from economists surveyed by Dow Jones. It was …

Economy sees job loss in December for the first time in eight months as surging virus takes tollRead More

NZDUSD Stumbles But Upside Risks Remain Intact

NZDUSD is currently tracing the mid-Bollinger band in the four-hour chart after a slight pullback from the recently plotted 32½-month peak of 0.7314. Despite the small retracement in the pair, the commanding simple moving averages (SMAs) are backing the predominant bullish picture. The short-term oscillators are reflecting conflicting signals in directional momentum, though are leaning …

NZDUSD Stumbles But Upside Risks Remain IntactRead More

Dollar Weakens Against on Job Contraction, Downside Limited So Far

Dollar appears to be turning weaker again after non-farm payroll report showed the first contraction since April. Euro is currently following as second weakest for the than, than Canadian, which was also weighed down by employment data. On the other hand, Sterling is starting to reverse some of this week’s losses while Swiss Franc also …

Dollar Weakens Against on Job Contraction, Downside Limited So FarRead More

Gold Outlook: Extended Pullback Dips Below $1900 ahead of US NFP

Spot gold fell 1.5% on Friday, extending steep fall into third straight day, after bulls stalled at pivotal Fibo resistance at $1956 (61.8% of $2074/$1764 fall). The price fell below $1900 for the first time in one week, as dollar gained traction, on hopes that interest rates will rise on growing economic recovery prospect. Three-day …

Gold Outlook: Extended Pullback Dips Below $1900 ahead of US NFPRead More

GBPUSD Positively Skewed Despite Recent Consolidation

GBPUSD is consolidating into the Ichimoku cloud after its recent retreat from the newly formed 32-month peak. The bias still seems to be favouring the upside although positive momentum is looking somewhat strained. Furthermore, the commanding bullish simple moving averages (SMAs) are preserving the positive structure in spite of the minor stalling in the 50-period …

GBPUSD Positively Skewed Despite Recent ConsolidationRead More