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...
EUR/USD Pair Started a Fresh Decline from $1.1180
The Euro started a fresh decline from the 1.1180 resistance zone against the US Dollar. The EUR/USD pair declined below the 1.1120 level to move into a short-term bearish zone. The price even traded below the 1.1100 level and the...
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...
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...
US 30 Keeps High Ground
The Dow Jones 30 retreats on profit-taking as the first quarter draws to an end. A bullish MA cross on the daily chart suggests that the rebound is picking up steam. The index hit resistance around 35400 and went horizontal,...
USD/JPY Approaches Key Support Ahead of US NFP
Key Highlights USD/JPY started a fresh decline from the 125.00 resistance zone. It traded below a major bullish trend line with support near 122.30 on the 4-hours chart. Crude oil price is struggling to gain pace above $108 and $110....
US Core PCE Continues to Rise; Puts More Pressure on Fed
It’s not a secret that inflation has been high in the US. US CPI and Core CPI has been on the rise for months. Today, the US released what is considered to be the Fed’s favorite measure of inflation for...
Healthy Jobs and Income US Data Helps USD, But Not S&P500
American households increased spending by 0.2% in February, compared with a 0.5% rise in income. But this data only looks optimistic at first glance. Americans saved 6.3% of disposable income compared to 6.1% in January. In other words, we are...
AUDJPY Retreats from 6½-Year High; Upside Risks Linger
AUDJPY’s latest pullback from the fresh multi-year peak is resting on the red Tenkan-sen line around the 91.00 price level, which is the 23.6% Fibonacci retracement of the up leg from 80.35 until the more than 6½-year high of 94.30....
As the pandemic enters its 3rd year, more Chinese people say they’d rather save than spend
While mainland China faced its worst wave of Covid-19 since the initial shock of the pandemic, a central bank survey found more Chinese wanted to save money than spend or invest it. Costfoto | Future Publishing | Getty Images BEIJING...