EUR/USD Trend Overwhelmingly Negative Below 1.1950
Key Highlights EUR/USD extended its decline below the 1.1850 support zone. A key bearish trend line is forming with resistance near 1.1900 on the 4-hours chart. The US nonfarm payrolls increased 850K in June 2021, up from 583K. The Euro...
Markets Shrug Weak China Services Data, Euro Soft ahead of Investor Confidence
Dollar and Yen recover some ground in mixed Asian session today. Stocks in Japan and Hong Kong are slightly down by China and Singapore are steady. Much weaker than expected services data from China triggered little reactions. Swiss Franc is...
Focus Might Turns to Euro Selling While Dollar Rally Capped by Strong Risk Appetite
Dollar ended as the strongest one last week but Friday’s steel fall after solid non-farm payroll job reports suggests that it’s rally is already losing steam. It’s still a bit early to call a bearish reversal for the greenback. Yet,...
Weekly Economic & Financial Commentary: Supply-Side Challenges Continue to Bedevil the Recovery
Summary United States: Supply-Side Challenges Continue to Bedevil the Recovery After coming in below consensus for two months in a row, nonfarm employment surprised to the upside in June, with employers adding 850,000 jobs. The unemployment rate rose to 5.9%....
The Weekly Bottom Line: Pleasant GDP Surprise For Canada’s B-Day
U.S. Highlights Inflation fears have taken a breather in recent weeks, but the jury is still out on how temporary price pressures are. Today’s jobs report showed further solid progress. While better employment and wage gains may reinvigorate inflation fears,...
Week Ahead: Eyes on RBA and Fed minutes before Q2 earnings kick off
It’s a fairly quiet week for economic data, albeit with a couple of highlights worth watching. Friday’s US NFP report was the highlight of the last week, but it certainly didn’t make anything clearer for traders…or policymakers. According to BLS...
Stocks making the biggest moves midday: Krispy Kreme, Virgin Galactic, IBM, Didi and more
Rendering of the Krispy Kreme Times Square flagship. Krispy Kreme Check out the companies making headlines in midday trading. Virgin Galactic — The space tourism company’s stock is up 4% after announcing founder Sir Richard Branson will be aboard its...
Fed Chair Powell met with Coinbase CEO Brian Armstrong in May
Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images Federal Reserve Chairman Jerome Powell met in May with Brian Armstrong, the CEO of...
Biden on June jobs report: ‘Our economy is on the move, and we have Covid-19 on the run’
U.S. President Joe Biden delivers remarks on the June jobs report in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, July 2, 2021. Kevin Lamarque | Reuters WASHINGTON — President Joe Biden responded to...
Week Ahead – RBA Meeting and Fed Minutes to Spice Things Up
It’s a relatively quiet summer week for global markets. The only central bank meeting will be in Australia, where the Reserve Bank could take the first step towards exiting cheap money. In America, the minutes of the latest FOMC meeting...
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