AUD Moves Higher, NFP Next
The Australian dollar has found its legs on Thursday, in what has been an uneventful week. Currently, AUD/USD is trading at 0.7308, up 0.50% on the day. The Australian dollar has had a mostly quiet week, and even an RBA...
NFP Preview: Fed Locked in to Tapering Starting Next Month Unless NFP Bombs?
Any time we discuss the monthly US non-farm payrolls (NFP) report, we always emphasize that it’s significant primarily because of the impact it has on Federal Reserve policy. Following last month’s FOMC meeting though, Fed Chairman Jerome Powell made it...
Euro Stays Pressured in Slow Markets, Risk Appetite Returning
Selloff in Euro remains the main theme in slow markets today. Return of risk appetite is also weighing down Dollar and Yen. On the other hand, commodity currencies are generally strong, with Aussie having an upper hand over Kiwi and...
EUR/USD Elliott Wave Analysis: Searches for Support
We can see some choppy and slow price action on FX market ahead of Friday’s NFP report. EURUSD Ideally, there is going to be another and final drop in the next 24 hours and then possible reversal after NFP tomorrow....
Natural Gas’s Boom And Bust
The energy market may have passed an inflexion point yesterday. The more than 20% jump in prices in Europe on Tuesday to $1,500 per 1,000 cubic meters triggered an avalanche of margin calls during the trading on Wednesday. At one...
AUDUSD Hovers Near The SMAs And Below 0.7300
AUDUSD has been moving sideways over the last couple of sessions, holding near the 20- and 40-day simple moving averages (SMAs) and the lower surface of the Ichimoku cloud. The MACD oscillator is advancing above its trigger line in the negative...
Euro Weakness Continues in Flip-Flopping Markets
Overall markets continue to be rather mixed for now. Commodity currencies rally in Asian session, as led by Aussie, following rebound in the stock markets. On the other hand, Dollar is turning softer again, together with Yen. Euro’s weakness is...
Stock futures are higher after investors’ debt ceiling concerns dwindle
U.S. stock futures edged higher Wednesday night after the Dow Jones Industrial Average reclaimed a 459-point loss from earlier in the day as investor concerns about a debt ceiling deal eased. Dow Jones Industrial Average futures rose 181 points. S&P...
Natural Gas Goes Nuclear, Russia Rides to the Rescue…But is it Enough?
Today brought a modicum of good news for energy-strapped European nations: Russia has offered to increase natural gas exports to the continent, potentially to record highs… For those across Europe (and much of the world), the economic and market story...
Companies hired at a brisk pace in September despite fears about Covid and the economy, ADP says
Companies shook off worries over the Covid delta variant and hired at a faster-than-expected pace in September, according to a report Wednesday from payroll processing firm ADP. Private jobs rose by 568,000 for the month, better than the Dow Jones...
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