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Day: May 5, 2021

April Nonfarm Payrolls to Glide Higher, but Dollar has Other Matters to Care

US Nonfarm payrolls will probably put on another spectacular show this Friday at 12:30 GMT, mirroring a blossoming economic recovery as the ultra-easy monetary and fiscal policies combined with the rapidly growing vaccination rollout are brightening up the landscape out of the health crisis. This euphoria, however, is already well priced in, and the jobs data alone may not be a source …

April Nonfarm Payrolls to Glide Higher, but Dollar has Other Matters to CareRead More

GBP/USD Pair Started a Decent Recovery and Now Trading Above 1.3850

The British Pound corrected lower and tested the 1.3800 support zone against the US Dollar. The GBP/USD pair started a decent recovery and it is now trading nicely above 1.3850. There was a break above the 1.3880 resistance zone and the 50 hourly simple moving average. It is now attempting an upside break above the …

GBP/USD Pair Started a Decent Recovery and Now Trading Above 1.3850Read More

Canadian Dollar Higher With Commodity Currencies, Euro Weakens

Commodity currencies continue to trade as the stronger ones entering into US session. In particular, Canadian is helped by extended rally in oil prices. New Zealand Dollar continues to receive support from better than expected job data. Overall sentiments are positive with European stocks staging a rebound, while US futures point to recovery. Euro is …

Canadian Dollar Higher With Commodity Currencies, Euro WeakensRead More

Private payrolls show big gain in April but still short of lofty expectations, ADP says

Bartenders wearing protective masks assist customers sitting at the bar at Blooms Tavern in New York, U.S., on Monday, May 3, 2021. Nina Westervelt | Bloomberg | Getty Images Private job growth accelerated in April but fell a bit short of Wall Street expectations, according to a report Wednesday from payroll processing firm ADP. Companies …

Private payrolls show big gain in April but still short of lofty expectations, ADP saysRead More

Vice President Harris leading small business outreach in White House recovery plan push

Vice President Kamala Harris speaks during a listening session on broadband internet at the New Hampshire Electric Co-op in Plymouth, New Hampshire, April 23, 2021, as she travels to the state to promote the administration’s economic plans. Saul Loeb | AFP | Getty Images As the White House attempts to sell President Joe Biden’s multitrillion-dollar …

Vice President Harris leading small business outreach in White House recovery plan pushRead More

Kiwi Rebounds on Strong Job Data, Dollar and Yen Soften

Trading continues to be relatively subdued in the forex markets. US Treasury Janet Yellen’s comments prompted selloff in stocks overnight. But reactions in currencies were just mild, with most pairs and crosses range bound. Strong job data from New Zealand is giving the Kiwi a lift, while Aussie is supported by strong construction data. Yen …

Kiwi Rebounds on Strong Job Data, Dollar and Yen SoftenRead More

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