USD/JPY Aims Fresh Increase, NFP Report Next
Key Highlights USD/JPY started a decent increase from the 113.50 zone. It broke a crucial bearish trend line with resistance near 114.20 on the 4-hours chart. EUR/USD surged above 1.1350, and GBP/USD spiked above 1.3600. The US nonfarm payrolls could...
Republicans grill Fed nominee Raskin over past views on climate and big energy companies
Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, gestures during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February...
Dollar Falls Further on BoE and ECB’s Hawkish Steer
The dollar index accelerated lower and hit the lowest in over two weeks on Thursday, following BoE and ECB’s policy meetings. Near-term bears extend into fourth straight day, boosted by BoE’s hawkish hike and changed ECB’s narrative in central bank’s...
ECB Winning the Race of Hawkish Surprises, Euro Overpowers Sterling
It looks like ECB is beating BoE in the race of hawkish surprise in a jam-packed day. Sterling spiked higher after four of the nine MPC members have indeed voted for a larger hike of 50bps. However, there was no...
Markets Steady ahead of ECB and BoE, Dollar Staying Weak
The forex markets are generally steady in Asian session, as traders await ECB and BoE rate decisions. Dollar is staying as the weakest for the week one after yesterday’s selloff, followed by Yen. Aussie and Euro are the strongest ones....
Crude Oil Price Touches $90, Indicators Suggest Loss In Momentum
Key Highlights Crude oil price gained pace and tested the $90.00 level. A key bullish trend line is forming with support near $88.20 on the 4-hours chart of XTI/USD. EUR/USD extended recovery above 1.1300, and GBP/USD spiked above 1.3550. The...
Nasdaq futures drop as Facebook leads tech shares lower
U.S. stock futures fell Wednesday night, as traders pored through the latest batch of corporate earnings, which included disappointing numbers from tech giant Meta Platforms. Futures tied to the Nasdaq 100 dropped 2.3%, and S&P 500 futures slid 1%. Dow...
Companies unexpectedly cut 301,000 jobs in January as omicron slams labor market, ADP says
Companies cut jobs in January for the first time in more than a year as the spread of the Covid omicron variant appeared to hit hiring, payroll processing firm ADP reported Wednesday. Private payrolls fell by 301,000 for the month,...
Nasdaq Jumps on Strong Earnings, ADP Payrolls Fall
The Nasdaq is set to outperform after stellar results from Alphabet and AMD. ADP payrolls unexpectedly fall. US futures Dow futures +0.18% at 35448 S&P futures +0.77% at 4578 Nasdaq futures +1.4% at 15204 In Europe FTSE +0.9% at 7590...
Stocks Extend Gains, Dollar Retreats Amid Improving Risk Tone
Dollar slips; euro and pound advance The dollar continues to lose ground for the third consecutive session as long-term Treasury yields extend their decline and seem unable to gain traction. Moreover, the soaring risk appetite observed in the markets today...