Two Trades To Watch: EUR/USD, WTI Crude Oil
EUR/USD holds 1.2050 ahead of the non-farm payroll The EUR/USD holds above 1.2050 in cautious trade ahead of the non farm payroll and a speech by ECB President Christine Lagarde. German industrial production +2.5% MoM in March vs -1.9% in...
April US Payrolls: Consensus Expects A Stellar One Million Net Job Growth
Markets Sterling lost ground on the big day. The Bank of England slowed its weekly asset purchase pace, acknowledging the vaccine-boosted economic recovery. Simultaneously, by doing so, they hold off pressure to start tightening interest rates as the QE end...
China’s trade with the U.S. and Australia grew in April despite tensions
Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters BEIJING — China’s exports surged more than expected in April as global demand for Chinese goods remained elevated amid countries’ varying stages of dealing...
US 30 Extends All-Time High
The Dow extended gains to an all-time high as investors rebalance assets away from over-stretched growth stocks. The index continues to grind higher along with the 20-day moving average as a sign of optimism. Following its breakout above the 33700-34250...
DOW Hit Record, Dollar Sold off, Focus Turns to Non-Farm Payrolls
Return of risk-appetite pushed DOW to new record overnight while Asian markets also firm up. Dollar was under some selling pressure, but it’s still kept in range against except versus Swiss Franc and Canadian Dollar. Focus will turn to non-farm...
Stock futures are flat ahead of key April jobs report
Shannon Stapleton | Reuters Stock futures traded mostly flat Thursday as investors awaited Friday’s highly anticipated jobs report to assess the pace of the labor-market recovery. Dow futures were down 34 points, while contracts tied to the S&P 500 ticked...
April jobs expected to top 1 million as consumers boost the economy
Server Adrian Almanza brings entrees to a table at Satay Thai Bistro and Bar, in Las Vegas, Nevada, March 28, 2021. Bridget Bennett | Reuters Job growth in April could top 1 million, though many positions also may have gone...
Fed warns about potential for ‘significant declines’ in asset prices as valuations climb
People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. Ting Shen | Xinhua via Getty Images Rising asset prices in the stock market and elsewhere are posing increasing threats to the financial...
USDCHF Echoes Bearish Objectives with its Deep Pullback
USDCHF is trying to break below the 200-day simple moving average (SMA) around the 0.9085 mark, a point at which the 100-day SMA is currently trying to complete a bullish crossover. The 50- and 100-day SMAs are promoting a neutralising...
BoE Slows Pace of QE but Pound Yawns
In Thursday trade, the pound lost ground but has recovered. In the North American session, GDP/USD is trading at 1.3898, down 0.02%. BoE to slow pace of QE The Bank of England announced at its policy meeting that it would...
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