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Day: June 8, 2021

U.S. trade deficit narrows slightly from record levels as Covid-era demand for imports lets up

The CMA CGM Marco Polo, an Explorer class container ship crosses under the Verrazzano-Narrows Bridge, to enter New York Harbor as seen from Brooklyn, New York, U.S., May 20, 2021. Brendan McDermid | Reuters Americans’ demand for imports abated in April, easing the U.S. trade deficit from the record level it had hit the month …

U.S. trade deficit narrows slightly from record levels as Covid-era demand for imports lets upRead More

USD/JPY: Dollar Finds Ground after Post-NFP Fall; US Inflation Data in Focus

The dollar regained traction on Tuesday after strong fall in past two days, sparked by softer than expected US jobs data, found footstep at 109.20 zone (Fibo 38.2% of 107.47/110.33/ converged 30/55DMA’s). The pullback from new two-month high at 110.33 so far looks like a healthy correction and keeps the uptrend from 107.47 (Apr 23 …

USD/JPY: Dollar Finds Ground after Post-NFP Fall; US Inflation Data in FocusRead More

Stocks making the biggest moves in the premarket: Stitch Fix, Contango Oil & Gas, Coupa Software & more

Take a look at some of the biggest movers in the premarket: Stitch Fix (SFIX) – Stitch Fix lost 18 cents per share for its first quarter, smaller than the 27 cents a share loss that analysts were anticipating. The online clothing styling company’s revenue came in above estimates. Stitch Fix also issued an upbeat …

Stocks making the biggest moves in the premarket: Stitch Fix, Contango Oil & Gas, Coupa Software & moreRead More

Dollar Recovers After Failing Downside Breakout, Overall Trading Subdued

Trading continue to be relatively subdued this week so far. While Dollar weakened overnight, losses were very limited. The greenback is indeed recovering mildly in Asian session. Australian Dollar also received little lift from strong business conditions data. Gold breached 1900 handle, but lacks the conviction to extend near term rebound. WTI crude oil also …

Dollar Recovers After Failing Downside Breakout, Overall Trading SubduedRead More

Market Morning Briefing: Aussie Has Risen Well From 0.7650 Over The Last 2-3 Sessions

STOCKS Equities remain stable and are positive overall. Dow can rise to 35000 – the upper end of its 33500-35000 range while it sustains above 34500. DAX can rise to 15800-16000 while above 15600. Nikkei can rise to 29500-30000 with immediate support at 28500. Shanghai is consolidating between 3550 and 3625/3650 range within its overall …

Market Morning Briefing: Aussie Has Risen Well From 0.7650 Over The Last 2-3 SessionsRead More

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