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...
Weekly Focus – Signs of Global Peak in Manufacturing?
Risk sentiment was generally positive this week, as inflation fears continue to fade although the spread of the delta variant of Covid-19 has increased worries of new outbreaks. The reflation trade continued to lose steam, as tech stocks lead the...
U.S. adds 850,000 jobs in June, better than expected
Job growth leaped higher in June as businesses looked to keep up with a rapidly recovering U.S. economy, the Labor Department reported Friday. Nonfarm payrolls increased 850,000 for the month, compared with the Dow Jones estimate of 706,000 and better...
US: Hiring Perks Up in June, But So Does Unemployment
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NZDUSD Recovers a Tad but Bearish Pressures Weigh on the Pair
NZDUSD is improving above the red Tenkan-sen line at 0.6979 after a mixed US NFP payroll report was released. The simple moving averages (SMAs) and the Ichimoku lines continue to sponsor bearish demeanours; however, the negative slope of the 50-period...
Dollar Struggles to Ride on Strong NFP, Retreating Mildly
Dollar struggles to ride on stronger than expected non-farm payroll growth, and it’s indeed retreating notably in early US session. Stocks are also not too enthusiastic so far, with DOW futures up only around 0.2% at the time of writing....
Stocks making the biggest moves in the premarket: Virgin Galactic, Krispy Kreme, Apollo Global & more
Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – Virgin Galactic shares soared 28.2% in the premarket after it announced that founder Richard Branson plans to be aboard a planned July 11 space...
US 30 Stock Index Challenges Short-Term Bearish Trajectory As Bulls Keep Pressing
The US 30 index (cash) has successfully returned above the dashed long-term restrictive line, but the upper boundary of a short-term bearish channel is currently threatening to keep the index in a downward trajectory at 34,682. A pullback, however, may...
EUR/USD Outlook: Euro Remains Under Strong Pressure And May Accelerate Lower
The Euro extends weakness into fifth straight day, hitting the lowest in nearly three months on Friday. Bears broke below key supports at 1.1747/36 (June 18/21 lows/Fibo 76.4% of 1.1704/1.2266 ascend) but need to register weekly close below to confirm...
Setting his eyes on the next 100 years, Xi seizes the chance to lead China to greater power
Xi Jinping, general secretary of the Communist Party of China CPC Central Committee, Chinese president and chairman of the Central Military Commission, delivers an important speech at a ceremony marking the 100th anniversary of the founding of the CPC in...
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