Gold hits record highs, defying US Nonfarm Payrolls spike and US Dollar gains, highlighting safe-haven status. Fed rate cut outlook adjusted after employment data, central bank remarks. Geopolitical tensions and strong demand from China bolster Gold’s market strength. Gold rallied to a new all-time high, ignoring a strong March Nonfarm Payrolls report in the United
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Hey traders, it’s time for another round of Apple stock technical analysis. As one of the world’s most valuable companies, understanding Apple’s (AAPL) stock trajectory is super important for investors. Let’s look at the chart I’ve included and break down some key signals. Chart analysis of AAPL on the weekly chart: Awaiting a retest (see
Canada employment chart March 2024 Canada’s jobs report showed a decline of 2.2K jobs in February, worse than the +25K reading expected. The headline is even worse than it looks when you consider runaway growth in Canadian immigration that led to a rise in the unemployment rate to 6.1% from 5.8%. That’s the highest since
Gold prices hit a pause on Friday after scaling to historic highs in the previous session on expectations of lower U.S. interest rates this year, while traders await further cues from a key jobs report due later in the day. FUNDAMENTALS * Spot gold was down 0.2% at $2,284.84 per ounce, as of 0052 GMT,
Global financial markets are bracing for potential upheaval as geopolitical strains drive gold to new record while oil prices surge. This surge, alongside the rally in metals like Copper, ignites concerns over an inflation comeback. Such inflationary pressures, combined with a revival in manufacturing and service sectors, could deter major central banks from implementing significant
The U.S. labor market surprised economists with its strength once again, adding more than 300,000 jobs in March, with a few key sectors continuing to fuel its growth. Health care and social assistance were the top sector for job gains — a common theme in recent years — adding 81,300 jobs. Government and leisure and
“I believe it’s much too soon to think about cutting interest rates,” Federal Reserve Bank of Dallas President Lorie Logan said on Friday, citing upside risks to inflation. Key takeaways “Need to see more of the uncertainty resolved about which economic path we’re on.” “Increasingly concerned about upside risk to the inflation outlook.” “FOMC should
Fellow stock market investors & traders: Watch the high weekly RSI Today, let’s delve into a valuable tool for navigating the S&P 500 Emini futures market: the Relative Strength Index (RSI). The chart you see here displays the RSI for the S&P 500 e-mini futures, the main gauge of the entire US stock market. The
Markets: Gold up $33 to $2323 WTI crude oil up 14-cents to $86.73 US 10-year yields up 8.1 bps to 4.39% S&P 500 up 57 points to 5204 USD leads, CAD lags As we wind down the day, the FX changes are small but that doesn’t tell the whole story. The US dollar jumped 40-50
Oil prices extended gains on Friday and were on course for a second weekly gain, supported by geopolitical tensions in the Middle East, concerns over tightening supply and expectations about demand growth as economies improve. Brent crude was up 26 cents, or 0.3%, to $90.91 a barrel by 1252 GMT. U.S. West Texas Intermediate crude
Dollar was sold off overnight after weaker than expected ISM Services data, and the weakness persisted following comments from Fed Chair Jerome Powell. Powell downplayed the significance of recent robust labor and inflation figures, suggesting them as fluctuations in “bumpy road” of moderating demand and inflation. This narrative reinforces the market’s anticipation that Fed is
In this article LW Follow your favorite stocksCREATE FREE ACCOUNT A McDonald’s crew member prepares french fries in Miami, Florida. Getty Images It’s a timeless question at fast-food counters: Do you want fries with that? Responders continue answering affirmatively at a higher-than-average rate, a top potato supplier indicated. It underscores the resilience of consumer spending,
A robust US Nonfarm Payrolls report for March propels the Greenback higher, impacting the EUR/USD. The Eurozone’s mixed economic indicators, including Germany’s Factory Orders and Retail Sales, contrast with the strong US employment landscape. Further downside seen at EUR/USD as technical suggests potential for declines below the 1.0800 threshold. The Euro registers minimal losses of
EURJPY is looking to test a key target New The EURJPY is following the USDJPY entry into the lower in trading today continuing the decline started in the late US session. Looking at the 4-hour chart above, the price is now within a swing area that was a highlight going back to February and into
What a breathtaking run it’s been in gold since the breakout at the start of March. Gold daily We’re at fresh all time highs, up $37 to $2326 after an earlier dip to $2268 was run over. Gold is up in eight of the past nine days. There is no doubt that it’s overbought on
Gold prices climbed on Friday to hit a fresh record high, as multiple factors including U.S. interest rate cut bets, speculative buying and central bank purchases kept bullion’s record rally active despite strong U.S. job growth in March. Spot gold gained 1.3% to $2,320.04 per ounce, as of 10:57 a.m. EDT (1456 GMT), after hitting
Dollar rises broadly in early US session in response to surprisingly strong non-farm payroll data. Dollar’s ascent is notably pronounced the Canadian Dollar, which simultaneously grapples with its own disappointing employment figures. But against others, the overall strength of the greenback remains somewhat contained for now. The picture could shift dramatically as the NFP report
We’re Hiring, Part-time heroes wanted, sign at entrance to Target Store, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images The unemployment rate among Black Americans jumped in March, according to data released Friday by the Department of Labor. Black unemployment rose to 6.4% last month, up from 5.6% in February. That’s