Saturday, May 8, 2021

US: Anemic Hiring in April

Nonfarm payrolls disappointed on a massive scale in April, rising by only 266k jobs against expectations for a million. The unemployment rate rose very...

Hot Stories

Week Ahead – US and UK Data to Lead Quiet Week as Dollar Can’t Make Up its Mind

After plenty of excitement from central banks and top-tier economic releases in the past couple of weeks, things will take a backseat over the...

Markets Stunned on Massive NFP Miss, Yields Plunge then Rebound, Stocks Pop, Gold Surges

Investors were supposed to quickly look quickly beyond this nonfarm payroll report. The playbook for the next couple of months was to look for...

Weekly Focus – Focus on US Inflation Figures

The Covid-19 situation has continued to improve in the EU and the United States as weather is warming and most risk groups have now...

Baseline Forecasts in RBA SOMP Do Not Support Policy Tightening in July

The RBA has lifted its forecasts for growth; labour market; and inflation/wages. However these forecasts are based on faster than expected recovery but not...

NFP Recap: Whoa, Big Miss! What Does this Mean for the Fed?

US Non-Farm Payrolls were released earlier, and the employment print puts a big question mark over traders’ heads when deciding what the Fed will...

US Job Growth Slowed in April Despite Further Reopening

Non-farm payroll employment rose 266k from a rebound in leisure and hospitality Unemployment rate ticked up to 6.1% Job growth to continue; upcoming spending...

NZD/USD remains on the back foot around 0.6560 amid trade jitters

Improvement in the US trade relations with the rest of the world, except China, offers intermediate relief to Antipodeans. Lack of data could keep highlighting...

DAX: Bullish Bias Above 13050.00

Pivot (invalidation): 13050.00 Our preference Long positions above 13050.00 with targets at 13330.00 & 13460.00 in extension. Alternative scenario Below 13050.00 look for further...

GBP/USD Outlook: Bulls Lose Traction On Approach To Key Barrier

Cable pulls back from new 1 ½ month high (1.2767) on Wednesday, as bulls started to lose traction on approach to key barrier at...

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Regulation

Switzerland KOF Leading Indicator above forecasts (93) in July: Actual (97.1)

Switzerland KOF Leading Indicator above forecasts (93) in July: Actual (97.1)

USD/JPY Technical Analysis: Bears eye 38.2% and 50% targets, but may need a discount to at least 110.80 first

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our...

Fed’s Barkin: Focused on economic data, not the markets

Additional comments from Richmond Fed President Barkin cross the wires as he continues to speak in an interview with Bloomberg. Below are some key...

EUR/USD’s range play continues ahead of Eurozone Consumer Confidence

EUR/USD's struggle for a clear directional bias continues despite the pullback in the US treasury yields and ahead of the Eurozone Consumer Confidence

Dollar Decline Slowed Again in Quiet Trading, UK in Focus

Dollar’s selloff slowed further in a very quiet Asian session, on lunar new year holiday. Activity might come back with a number of economic...

ETHUSD Bullish Above $180.00

Ethereum is attempting to stabilize after the entire cryptocurrency market came under heavy selling pressure on Monday. The ETHUSD pair remains technically bullish above its 200-day moving average while trading above the $180.00 support level....

Market News

German yield curve inverts as 10-year yield drops below 3-month yield

Germany's bond yield curve inverts with the 10-year yield falling below the three-month yield.  Germany's entire yield curve is offering negative returns.  Germany's bond yield curve...

AUD/USD flirting with 2-week lows, just above mid-0.6900s

The AUD/USD pair traded with a bearish bias for the fifth consecutive session on Thursday and dropped to two-week lows, around the 0.6965 regions...

EURUSD Testing Major Resistance

The euro currency has moved to a four-week trading high against the US dollar, as traders are more positive towards US stimulus talks. Technical...

EIA: Commercial crude oil inventories increased by 5.4 million barrels from previous week

In its weekly petroleum report for the week ending May 10, the Energy Information Administration announced that the commercial crude oil inventories in the...

US: We expect a decent retail sales increase of 0.4% m/m – Danske Bank

Analysts at Danske Bank point out that today's US retail sales could print a decent number and further note that consumption fundamentals still seem...

LATEST POSTS

Canada’s Trade Balance Flips to Surplus  

Canada’s international merchandise trade balance switched to a $1.4 billion surplus in January, following a deficit of $2 billion in December. This was aided by...

BoE: Another dovish step? – TDS

Analysts at TD Securities are looking for the BoE to take another dovish step, replacing its hiking bias with two-way risks. Key Quotes “GDP and CPI revised...

Canada’s Trade Balance Returns to Deficit Territory in March on Surging Imports  

Canada recorded a trade deficit of $1.1 billion in March, following a surplus of $1.4 billion in February. Exports were up a modest 0.3% on...

US Dollar Index flirting with daily lows around 97.40

The index moves lower to the 97.40/35 band, fresh lows. Yields of the US 10-year note stay sidelined below 2.5%. Fedspeak, JOLTs Openings, IBD/TIPP index next on...

Trade Wars: Some solace for U.S. businesses;'US to exempt Chinese goods in transit from potential tariff increase' – FT

The Financial Times has reported that a US trade official said that the higher tariffs on $200bn of Chinese goods would apply to products exported from...

Traders: Major Chinese state banks seen supporting the Yuan – Reuters

In the wake of the latest sell-off in the Chinese currency, the Yuan, Reuters reports traders, as saying that the Chinese major state-owned banks have

Australia Westpac Leading Index (MoM) declined to -0.1% in June from previous -0.08%

Australia Westpac Leading Index (MoM) declined to -0.1% in June from previous -0.08%

Fed: Beginning of an easing cycle? – Danske Bank

According to Jens Nærvig Pedersen, senior analyst at Danske Bank, the US Fed caught the market by surprise yesterday by cutting the Interest on Excess...

Japanese Tokyo Consumer Price Index (CPI): In line with expectations

Japanese Tokyo Consumer Price Index (CPI) has been released with the data arriving as follows: YoY Oct: 0.4% (exp 0.7%; prev 0.4%). Tokyo CPI ex-fresh food (yoy) oct: 0.5%...