All major indices higher All the major indices are closing the session with gains. The day was led by the NASDAQ index NASDAQ has its best day since May 20 NASDAQ higher for the third straight week S&P has its best day since May 24 Dow and S&P higher for the second straight week A look
Forex news for North American trading on June 4, 2021 The US employment report showed a gain of 559K (with revisions of +27K) but that was not enough to satisfy those looking for tapering sooner rather than later. The expectations was for 675K (with the whisper levels likely higher than that given the tepid 266K – revised to 278K – last
NEW DELHI: Gold in the national capital declined by Rs 388 to Rs 47,917 per 10 gram on Friday amid muted global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,305 per 10 gram. Silver also tumbled Rs 920 to Rs 69,369 per kilogram from Rs 70,289
Dollar drops notably in early US session after another NFP miss. It has now reversed all of yesterday’s late gains. Canadian Dollar also turns softer after weaker than expectation job data. On the other hand, other commodity currencies strengthen mildly. In other markets, US future turn up on expectation Fed is not closer to tapering.
May’s job gains were “solid” but not enough to change the direction of monetary policy, Cleveland Fed President Loretta Mester told CNBC. “Bottom line, I would like to see further progress than where we are right now,” Mester told CNBC’s Steve Liesman during a live “Squawk on the Street” interview Friday. The Labor Department reported
GBP/USD Forecast: To 1.40 or 1.42? All eyes on US Nonfarm Payrolls Sterling has succumbed to data and Fed-related dollar strength. Nonfarm Payrolls and also worries about the Delta variant are set to move the currency pair. Friday’s four-hour chart is showing that cable is at crossroads. Down but not out – that is probably
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Sberbank and VTB, the two biggest banks in Russia, are not willing to move into the cryptocurrency market in the near future as their CEOs believe that crypto is either too risky or fake money. Sberbank CEO Herman Gref said that cryptocurrencies like Bitcoin (BTC) are probably the riskiest type of investment alongside the equity
Dollar holds steady after the gains yesterday The greenback is sitting a little more mixed across the board but changes are rather minimal so far on the day. EUR/USD is resting in a 28 pips range with USD/JPY only trading in a 19 pips range as European traders enter the fray. Risk sentiment remains rather
Latest data released by Markit/CIPS – 4 June 2021 There are plenty of positives in this report, with new orders increasing at its quickest pace on record while output growth accelerates to its strongest since September 2014. New business volumes also surged and employment conditions have improved markedly, bolstered by a surge in optimism with
NEW DELHI: Gold prices weakened to near two-week lows on Friday and looked set for their worst week in three months. Robust US economic numbers boosted dollar and bond yields. Yellow metal edged lower in domestic markets, falling from five-month highs. All focus shifts to much awaited May non-farm payroll numbers. The number of Americans
Dollar rose broadly overnight, following solid job and services data, and remains firm in Asian session. Nevertheless, the real test lies in today’s non-farm payroll report. As of now, Yen is the second strongest for the week, following the green back. Canadian Dollar is the third strongest, and will face the test of its own
Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic, the Labor Department reported Thursday. First-time filings for unemployment benefits totaled 385,000 for the week ended May 29, a decline from the previous week’s 405,000 and below the Dow Jones estimate of 393,000. Zoom In IconArrows pointing
EUR/USD extends the bearish note to the 1.2100 area. EMU’s Retail Sales contracted 3.1% MoM in April. Lagarde speaks on Climate later in the session. The leg lower in EUR/USD picks up further pace and stays on collision course with the 1.2100 key support on Friday. EUR/USD focused on data EUR/USD accelerates the downside and
Dow snaps five they win streak The NASDAQ index is leading the decline with its biggest decline in three weeks. It also increases the up one day/down the next day string to 11 consecutive days. S&P index is down for the second time in three days Dow industrial average snaps it’s a five date when
Forex news for North American traders on June 3, 2021 The US dollar moved sharply higher after better data and on expectations for a strong US jobs report tomorrow at 8:30 AM ET (1230 PM GMT). Looking at the rankings of the strongest of the weakest today, the US dollar was the runaway strongest, while the NZD