Nonfarm payrolls rose by more than expected in June while the unemployment rate fell considerably. However, these gains likely won't be repeated in the next few months due to the recent re-acceleration in COVID-19 cases.
June Labor Market Report Stronger Than Expected
Data released this morning show
The NZD/USD has surged above the 0.65 level, trading up +0.52% on Thursday as global risk sentiment has rebounded, dominating other global negatives such as second coronavirus waves or Sino-American issues. Economists at Westpac expect the kiwi to test 0.6585 next week.
“The rise in sent
An injection of optimism from vaccine news has spurred stocks higher. Asian markets advanced overnight with the upbeat mood spilling into Europe for the open. Bourses in Europe are pointing to a stronger start, paring losses from the previous session.
Vaccine news has been in short supply over recen
The end of the second quarter could be quite volatile with pensions funds and large investors likely to book some of their stock market gains and rotate money into bonds.
“We estimate that US corporate pensions will move above $35 billion into fixed income,” said Michael Schumacher, director of rat
In a research announcement, Moody's Investors Service says that Australia's policy responses to the coronavirus outbreak have provided fiscal stimulus to the economy and improved financial stability in the banking system and in particular banks' funding and liquidity positions.
While speaking to Australian Broadcasting Corp (ABC) radio on Monday, the country’s Trade Minister Simon Birmingham said that it is very disappointing that China remains unresponsive to its weeks-long pleas to ease tensions between the two trading partners.
Birmingham said: “Unfortunately, our reque
Range trading: Forex as for 03/06/2020
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible
GBP/USD remains positive on a day, except for the latest pullback.
BOE managed to strike an upbeat tone despite conveying pandemic fears.
UK PM Boris Johnson will announce guidelines on easing lockdown restrictions on Sunday.
US NFP, Unemployment Rate likely to bears the burden of coronavirus.
Dax 30 JUNE futures
Dax beat resistance at 10590/625 & only paused at resistance at 10730/760 with shorts stopped on both levels.
Dax continues higher after beating resistance at 10730/760. We are testing 50% Fibonacci resistance at 10850/860 & if this holds there's a good cha
USD/JPY registers five-day losing streak, fails to respect the latest risk-reset.
Hopes of economic restart confront a likely US-China tussle.
Recently downbeat US data favor cautious sentiment ahead of the key US GDP, FOMC.
USD/JPY drops to 106.70, down 0.17% on a day, as Wednesday’s market-openin
The Euro jumped after testing 1.08 zone support (Monday's low/5DMA) earlier this morning) in attempts to extend recovery attempts after false break below pivotal supports at 1.0768 (6 Apr low) and 1.0754 (Fibo 76.4% of 1.0635/1.1147) where bears were trapped. Fresh advance which goes against
The greenback ended slightly lower against its G4 peers on Monday in thin trading conditions, except for the British pound. Sterling dropped across the board and fell to a near 3-week low versus the dollar on continued concern of a hard Brexit. Versus the Japanese yen, although dollar edged up
Gold could slip into losses as technical charts are indicating the recovery rally has run out of steam.
The market sentiment is still quite bearish as the metal is struggling despite US-China political tensions.
Gold is currently reporting marginal gains, but will likely come under pressure durin