Weekly Focus – Reaching the Endgame in US-China Trade Talks
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‘Goldilocks’ US Jobs Report Weakens Dollar
The Dollar turned volatile and unpredictable on Friday afternoon as investors digested the mixed US jobs report for April. Prices initially jumped higher as market players cheered the fact that the United States added an impressive 263,000 jobs to its...
US: Strong Jobs Gain Defies Slowing Narrative
The American economy gained an impressive 263k new jobs in April, much higher than the 190k tally analysts were expecting. The unemployment rate also fell to 3.6% – the lowest level in almost 50 years. Strength was fairly broad based,...
Stellar NFP and Steady Wages Show Fed Was Right About Transitory Effects
The US dollar initially extended gains following the release of US non-farm payrolls and wage data. The strong headline payrolls reading saw a bigger than expected increase in hiring and steady wages, which saw softness in Manufacturing and Retail, led...
FTSE: Financials Send Index Sharply Higher
The FTSE index has posted sharp gains on Friday. In the North American session, the pair is at 7,413, up 0.92% on the day. The pair lost over 1.0% on Wednesday, but has recovered most of these losses. In economic...
Currencies: US (Wage) Data To Decide On Next USD Move
Rates: More room for short term losses on wage data?US Treasuries reacted to Powell’s suggestion that soft inflation is expected to be transient, suggesting they’ll be sensitive to today’s earnings data as well. The bar of consensus seems rather low,...
Equities Trade Mixed Amid Speculation Of Impasse In US/China Trade Talks
All information provided by Trade The News (a product of Trade The News, Inc. “referred to as TTN hereafter”) is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or...
Oil Price Outlook: Hitting the Sweet Spot
Highlights Oil prices have staged a steady recovery since the start of the year, rising by more than 50% from their December lows. While a good part of the comeback can be traced to broad improvement in risk sentiment, a...
Post-FOMC Hangover
Markets may have a post-FOMC hangover. The Fed stuck to the patient script but inflation optimism took rate cut bets in the short-term off the table. The dollar has little to show this morning, while stocks are pointing to a mixed open....
Demand For To US Dollar Has Increased After The Fed Comments. Investors Expect The Bank Of England Interest Rate Decision
The US dollar recovered some of its losses against a basket of major currencies. Yesterday, the Fed, as expected, kept the range of the key interest rate at the same level of 2.25-2.50%. The Central Bank noted the steady growth...
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