Market Morning Briefing: EURJPY Holds Below 130
STOCKS Equities remain under pressure. Dow has declined below 31000 and has room to test 30000. DAX remains stable within its 13800-142000 range for now. But the bias is bearish to see a downside breakout of this range. Nikkei is...
Stock futures are flat after a steep sell-off on Wall Street amid surging bond yields
Traders on the floor of the New York Stock Exchange Source: NYSE Stock futures were flat in overnight trading Thursday following a tech-led rout on Wall Street amid a surge in bond yields. Futures on the Dow Jones Industrial Average...
Employers likely added more jobs in February, but economists say there’s no bounce back yet
A worker wearing a protective mask boxes a pizza inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Hiring likely improved in February as more of the economy...
Death Cross: What is it and How to Identify it When Trading?
Death cross: What is it and How to Identify it when Trading? The ‘death cross’ is a term often mentioned in trading circles due to its usefulness in spotting changes in trends while also being incredibly easy to use. This...
Weekly jobless claims rise less than expected despite weather impact
Weekly jobless claims edged higher last week but rose less than expected for an economy struggling to shake off impacts from a pandemic that has been around now for nearly a year. The Labor Department on Thursday reported that first-time...
NFP Preview: When Will Jobs Growth Get Back into Gear?
After a blistering recovery from the pandemic-induced recession through Q2 and Q3 of last year, the US labor market has downshifted sharply. Over the last three months, the NFP report has shown total job creation of just 86k jobs, a...
Swiss Franc and Yen Resumed Selloff, Markets Mixed Elsewhere
Selloff in Swiss Franc and Yen is the main focus today. But the forex markets are mixed elsewhere. Commodity currencies are mildly firmer as led by Aussie, but major pairs are just bounded in very tight range at the time...
US Yields Rise, FTSE Slips, Powell in Focus
European bourses are trading on the back foot following a weak handover from Wall Street and a sustained sell-off in Asia. Bond yield concerns are back to haunt investors after yields on the 10-year treasury spiked to 1.49% overnight. The...
USDCHF Continues Uptrend Above 200-SMA, Overbought Signals Strengthen
USDCHF found new buyers above the 200-day simple moving average (SMA), advancing its bullish impulse towards a fresh six-month high of 0.9236 on Thursday. The buying appetite in the market drove the RSI and the Stochastics well into the overbought...
XAG/USD Tests 12-Month Long Trendline
Precious metals have taken a toll as the greenback made a comeback. Silver is trying to hold on to its near-year-long rising trendline, and a successful bounce could resume the uptrend. The double dip on the line (25.80) is a...
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