EUR/USD Elliott Wave Analysis: Recovery In Progress
EURUSD is coming down, hitting some resistance now despite worse than expected US NFP report on Friday. EURUSD currency pair has support at daily 50 SMA (Simple Moving Average) around 1.18 level, at the former wave four. As per Elliott...
SPACs offer hope for reviving Singapore’s flagging IPO market
SINGAPORE — Singapore’s stock exchange this month launched new rules allowing SPACs to list, a move it hopes will draw more firms to raise funds in the city-state amid an IPO market that has been stagnant for years. As of...
Currencies Shrug Strong Rise in Nikkei, Focus Turn to RBA, BoC and ECB
Dollar recovers mildly in quiet Asian session today, but there is no sign of a sustainable rebound yet. Most major pairs and crosses are staying inside Friday’s wide range. Strong rally is seen in Japanese Nikkei today, but there is...
Market Morning Briefing: Pound Fell Sharply From 1.39
STOCKS Corrective dip is seen in Dow and Dax but overall seem to be ranged within the broad 35250-35500 and 15600/15550-16000 range respectively for the near term. Nikkei has risen very sharply today,a further rise towards 30000 is possible in...
ECB Preview: Recalibrating, Not Tapering – But Hawks Will Squawk
The ECB meeting on Thursday next week is set to focus on the PEPP re-calibration andthe inflation outlook. With stable and benign financial market conditions, record lowreal rates and an economy that is recovering well in Q3 as well, the...
Growth Rate Slashed – RBA Should Respond
Following the stubbornly high Victorian case count and the associated decision by the Victorian government to abandon the zero case objective we have reviewed our growth forecasts for the Australian economy. The Growth Numbers Our forecasting process is based around...
Federal unemployment benefits end this weekend for millions of Americans. Many are scared of what comes next
A woman waits in a line outside a temporary unemployment office in Frankfort, Kentucky in June. Bryan Woolston | Reuters Pandemic unemployment benefits The federal government expanded the safety net for the jobless to a historic degree last year, when...
Dollar Weakness to Stay after Substantial Setback in Job Recovery
Dollar was under pressure most of the week and selling accelerated again after the big disappointment in employment data. The non-farm payroll report could show that job market recovery had made a “substantial setback” rather than “substantial further progress”. A...
Weekly Economic & Financial Commentary: Supply Problem Derails August Jobs Report
Summary United States: Supply Problem Derails August Jobs Report The 235K jobs added in August was about half a million jobs short of expectations. For financial markets, which were hanging on every indication of the labor market as a clue...
The Weekly Bottom Line: Blame it on Delta
U.S. Highlights U.S. job growth slowed to 253k in August, well below market expectations for a 720k print. But the report also had plenty of bright spots. The jobless rate fell to 5.2% from 5.4%, while wage growth accelerated to...