High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USD/JPY Tiptoes Towards Bullish Breakout after Strong US Jobs Data. What Now?
Most Read: Trading EUR/USD, USD/JPY, and GBP/USD: Strategies for the Most Liquid FX PairsUSD/JPY advanced on Friday (+0.22% to 151.60), inching closer to horizontal resistance at 152.00 after strong U.S. jobs data boosted U.S. Treasury yields across the curve. For...
Tesla gives up on plans to build a low-cost car – report
Elon Musk has long said that the holy grail of popularizing EVs was coming from Tesla with a car that would cost as little as $20,000.That dream now appears to be dead. Reuters reports that Tesla has cancelled plans for a low cost car.Shares of Tesla are down 3% and...
Fed’s Logan: It’s much too soon to think about cutting interest rates
Fed's LoganThese are certainly not dovish comments.Believes it is "much too soon" to think about cutsNeed to see more of the uncertainty resolved about which economic path we're onFOMC should remain prepared to respond appropriately if inflation stops...
Hezbollah leader talks tough after Israeli strike on Iran’s consulate. Gold spikes
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Magnitude 5.5 earthquake hits New York City
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Top Questions to Ask During a Financial Expo
Financial expos are valuable opportunities for professionals in the industry to network, learn, and explore new developments. Attending these events can provide numerous benefits for individuals and businesses alike. When attending these events, it's essential to ask...
BTFD is back on the menu. US stocks at the highs of the day
AI imageThere weren't many dark clouds in the March non-farm payrolls but the market increasingly sees strong economic data as Fed put, rather than something that will lead to cuts. The market has decided that it can tolerate Fed funds at 5.25-5.50% and so long as...
White House’s Brainard: I think this is a very encouraging jobs report
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Fed’s Barkin: That’s quite a strong jobs report
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US stocks give up some gains following the jobs report but still poised for higher open
ES1 - 10minsThe market reaction to non-farm payrolls isn't as bad as many feared. Some of that is the market taking-back the Israel-Iran fears yesterday but there's also a changing undercurrent about the real source of US jobs growth in the past year.Jason Furman,...
Italian central bank slashes 2024 inflation forecast in another sign of coming rate cuts
ECB's PanettaThe market is increasingly comfortable with a June ECB rate cut and the door is cracked open to moving in April. Pricing is 99% for June right now and just 8% for April.Given that there is less than a week until the April 11 decision, that's not a big...
Dow Jones Analysis: NFP Data Release!
The Dow Jones declines to its lowest level since 11th November 2023. The NASDAQ declined 1.75%, the Dow Jones declined 1.48%, the SNP500 by 1.40%. On Thursday, Semiconductors and chip supplying companies took the biggest hit within the stocks market. Advanced Micro...
Weekly Market Recap (01-05 April)
Over the weekend, the Chinese March PMIs beat expectations across the board:Manufacturing PMI 50.8 vs. 50.1 expected and 49.1 prior.Services PMI 53.0 vs. 51.5 expected and 51.4 prior.China Manufacturing PMIECB’s Stournaras (dove – voter) over the weekend shared his...
What’s priced in for the Federal Reserve after non-farm payrolls
AI imageThe March non-farm payrolls report was stronger than expected at +303K compared to +200K expected. The details were also better, including labor force participation, unemployment and wages. That's led to a hawkish response in the rates market, with Treasury...
US March non-farm payrolls +303K vs +200K expected
Prior +275K (revised to +270K)Two-month net revision +22K vs -167K priorUnemployment rate 3.8% vs 3.9% expectedPrior unemployment rate 3.9%Participation rate 62.7% vs 62.5% priorU6 underemployment rate 7.3% vs 7.3% priorAverage hourly earnings +0.3% m/m vs +0.3%...
Canada March employment -2.2K versus +25K expected
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Locked and loaded for another edition of non-farm payrolls: Does this one even matter?
Non-farm payrolls are due at the bottom of the hour and there is the usual chorus of 'most-important jobs report ever' talk but I'll take the opposite side of that.The consensus is +200K and I don't think it matters much if it's 100K on either side of that. Of course,...
ForexLive European FX news wrap: Slow trading ahead of US jobs data
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USD/CAD expectations
While both the Fed and the BoC are expected to start cutting interest rates sometime this year, some analysts expect the BoC to potentially open the door for a June rate cut due to the rising unemployment rate caused by migration coupled with an inflation cooldown....