Two Trades To Watch: Gold, EUR/GBP
Gold moves cautiously higher ahead of US NFP Gold is moving higher, picking up from a 4 week low ahead of the US non-farm payroll. There are plenty of mixed headlines for gold traders to digest from the fears surrounding...
Dollar Slightly Higher as Markets Await US NFP
Dollar rises slightly in Asian session today, as markets await non-farm payrolls report from the US. Commodity currencies are generally lower despite to strong rebound in US stocks overnight. As for the week, Swiss Fran and Yen remain the strongest...
Stock futures dip ahead of November jobs report as omicron concerns loom; Didi announces plan to delist
Stock futures were lower in overnight trading Thursday ahead of the November jobs report as the market nears the end of a roller-coaster week driven by Covid omicron variant developments. Futures on the Dow Jones Industrial Average shed 80 points....
Cliff Notes: Australia Shows Resilience as US FOMC Focus Attention on Inflation Risks
Key insights from the week that was. Q3 GDP was centre stage in Australia this week. In all respects, the outcome was well ahead of expectations. In the lead-up to the release, the scale of the anticipated contraction was reduced...
Hiring was likely strong and employers boosted wages in November, economists say
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Segar | Reuters Job growth is expected to have...
British Pound Edges Higher
The British pound has edged upwards and punched above the 1.33 line. In North American trade, GBP/USD is currently trading at 1.3319, up 0.34% on the day. It has been a light calendar for tier-1 events out of the UK. Truth...
NZDUSD Consolidates Around the 0.6800 Mark, Bearish Tone Remains
NZDUSD is edging sideways across the 0.6800 mark as clear directional impetus has softened after the pair stretched to a near 13-month low of 0.6771. The diving 50- and 100-period simple moving averages (SMAs) are backing the bearish trajectory of...
Jobless claims less than expected as labor market returns to pre-pandemic self
Initial claims for unemployment insurance rose last week but held at levels consistent with how the job market looked before the Covid-19 pandemic devastated the U.S. employment picture, the Labor Department reported Thursday. First-time filings for the week ended Nov....
AUD/USD Outlook: Aussie Cracks Key Supports on Omicron Concerns
Bears from 0.7555 (Oct 28/29 double-top) faced headwinds from key Fibo support at 0.7053 (38.2% of Mar 2020/Feb 2021 0.5509/0.8007 rally) with third consecutive probe through initial support at 0.7106 (Aug 20 former low) looking for an eventual close below...
Commodity Currencies Turning Softer, But Traders Are Still Holding Their Bets
Commodity currencies are turning weaker again in otherwise range trading markets. As for today, European majors are the stronger ones, as lead by Sterling. But there is no clear sign of follow through movements. Omicron seems to have slipped to...
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