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Day: April 1, 2022

US: ISM Manufacturing Index Registers 22nd Consecutive Month of Expansion  

The March ISM manufacturing index registered 57.1, missing expectations of a 59.0 print. The index fell 1.5 percentage points from the February reading of 58.6. New orders fell by 7.9 percentage points to 53.8, while new export orders fell by 3.9 percentage points to 53.2. The backlog of orders sub-index came in at 60.0, falling …

US: ISM Manufacturing Index Registers 22nd Consecutive Month of Expansion  Read More

Economy added 431,000 jobs in March despite worries over slowing growth

Amid soaring inflation and worries about a looming recession, the U.S. economy added slightly fewer jobs than expected in March as the labor market grew increasingly tighter. Nonfarm payrolls expanded by 431,000 for the month, while the unemployment rate was 3.6%, the Bureau of Labor Statistics reported Friday. Economists surveyed by Dow Jones had been …

Economy added 431,000 jobs in March despite worries over slowing growthRead More

GBPJPY is Back to Gains; Broader Outlook is Bullish

GBPJPY is gaining some ground again after three consecutive red days with the technical indicators endorsing this view. The RSI is heading up in the positive region and the MACD is looking highly elevated above its trigger and zero lines. However, the stochastic is approaching the oversold zone indicating that the next move would be to the …

GBPJPY is Back to Gains; Broader Outlook is BullishRead More

USDCAD Rebounds Off 1.2450 But Remains Below Uptrend Line

USDCAD has been heading south over the last two weeks, reaching the 50.0% Fibonacci retracement level of the up leg from 1.2000 to 1.2960 at 1.2482. The price also declined beneath the long-term uptrend line and the 200-day simple moving average (SMA) but has found support at the 1.2450 barrier over the last couple of …

USDCAD Rebounds Off 1.2450 But Remains Below Uptrend LineRead More

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