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Euro keeps weekly gains above 1.0900
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Euro regains composure and advances past 1.0900 vs. the US Dollar.
Stocks in Europe trade mostly…
Double Whammy for DXY as Services PMI & ADP Beat Estimates
U.S. DOLLAR ANALYSIS & TALKING POINTSISM services PMI beat has dollar bulls licking their lips.More Fed rate hikes being priced in.Bulls test key area of confluence ahead of tomorrow’s NFP’s.
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AUD/USD recovers following weak NFPs from the US
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AUD/USD cleared most of the last two session’s losses and is poised for a weekly gain.
NFPs from…
US Data Calls for Hawkish Bias in Fed’s Policy
Resilient labour market conditions and persistent services sector’s prices were not well-received by Wall Street yesterday, as the overnight data called for a hawkish bias in Federal Reserve’s (Fed) policies. A significant beat in the US…
Will S&P 500 reclaim key resistance levels? An analysis of market realities
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S&P 500 internal breadth deterioration signs didn‘t lie, and the index took a dive – till the dip…
FTSE 100, DAX 40 and S&P 500 are Taking a Hit Amid Strong US ADP Jobs Data
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, S&P 500 Analysis and ChartsFTSE 100 sinks on rate hike fears The FTSE 100 is fast approaching its March low at 7,204, tracking losses in Asia and on Wall Street as…
Canadian Dollar reverses losses after Nonfarm Payrolls undershoots forecasts
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Canadian Dollar claws back losses suffered overnight after underwhelming NFP data bursts…
Stronger Yen and Broader Equity Declines Inspire Pullback
Nikkei (Japan 225) AnalysisNikkei ends first half of the year narrowly behind the Nasdaq as foreign investors pile inYen Depreciation and a US data-led hit to risk appetite sees the Nikkei trade lowerPossible double top forming for the…
Global Market Weekly Recap: July 3 – 7, 2023
A lack of non-U.S. top-tier economic releases sure didn’t stop traders from moving the major currencies around this week!
After all, they had growth concerns on their minds in the first half of the week and then had to price in a hawkish…
GBP/JPY threatens the 20-day SMA as the Yen gains ground
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The GBP/JPY cross tallies a second consecutive day of losses, falling below the 182.50 area on…