Trading activity leans mildly toward risk aversion as US jobless claims data underscores concerns over a slowdown in the job market. Stock futures and treasury yields are trading modestly lower, but overall market movements remain limited, suggesting many traders may already be in a holiday mindset. Canadian Dollar also appears unfazed by better-than-expected employment figures.
Google headquarters in Mountain View, California, US, on Monday, Jan. 30, 2023. Alphabet Inc. is expected to release earnings figures on February 2. Marlena Sloss | Bloomberg | Getty Images Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month and a giant acceleration from a year ago, outplacement firm
Share: St. Louis Federal Reserve President James Bullard said on Thursday he thinks inflation is going to be sticky going forward. Regarding monetary policy, he considers that interest rates are currently at the low end of a sufficiently restrictive range. He mentioned the need to “stay at it” to get inflation back into the target.
OpenAI, the creators of artificial intelligence (AI) chatbot ChatGPT, is under investigation by Canada’s privacy commissioner for alleged collection and use of personal information without consent. On April 4, The Office of the Privacy Commissioner of Canada (OPC) stated its investigation was brought about following a complaint from an unidentified person. Head Privacy Commissioner Philippe
The USDCHF fell sharply in the early NY session and in the process moved below the swing low going back to early August 2021 at 0.90178 (see red numbered circles on the daily chart above). The low price today reached to the nice round number of 0.9000 where some traders put a toe in the
It’s a testing time in broader markets as the slew of poor US data this week appears to be taking a toll on overall sentiment. 10-year Treasury yields fell to its lowest since September last year in trading yesterday, before keeping near 3.30% still for now. The pressure is certainly on as the key threshold
Oil prices eased in early Asian trade on Thursday after weak U.S. job openings data signalled cooling economic conditions which may hit demand. West Texas Intermediate U.S. crude was down 14 cents to $80.47 a barrel at 2241 GMT. On Wednesday, Brent crude futures settled up 5 cents, or 0.1%, at $84.99 a barrel. Prices
New Zealand Dollar rises broadly after RBNZ surprised the market with a 50bps interest rate hike. In contrast, Australian Dollar is suffering from cross-selling, extending the post-RBA selloff. Canadian Dollar is taking a breather as oil prices plateau following an earlier surge this week, with WTI still struggling around 80 handle. This divergence in commodity
Share: GBP/USD is eyeing more weakness to near 1.2400 amid a dismal market mood. China’s retaliation over arms support to Taiwan by the US might result in some restrictions on exports from China to the US. Scrutiny of US ADP Employment data is indicating a slowdown in the labor market ahead. The GBP/USD pair is
Calvin’s FX Course 100+ Videos: https://tinyurl.com/3x7funwx No Time Limit Prop Firm: https://www.fundedtradingplus.com/ 10% OFF use coupon code: NEWTRADER1 Be a Guest on the Show/ Sponsorship & Partnership Opportunities email: info@forexbeginnerpodcast My Only Instagram: https://www.instagram.com/forexbeginnerpodcast All My Podcast Equipment: https://amzn.to/3X95tpL Sound Mixer https://amzn.to/3k9ybbj Camera 1 https://amzn.to/3QFqaXL Camera 2 https://amzn.to/3keTUPc Lighting https://amzn.to/3vYTTBB Mic 1 https://amzn.to/3ZDk667 Mic 2
Join Private Chat Room – https://launchpass.com/doyle-exchange-private-chatroom/private-chat-room Doyle Exchange Course – https://doyleexchange.com/ Broker I Use: Hankotrade – https://login.hankotrade.com/register?franchiseLead=ODI1 Book 1-on-1 Session: https://doyleexchange.com/collections/one-on-one-mentorship _____________________________________________________________ Instagram – https://instagram.com/doyle__e?igshid=YmMyMTA2M2Y= IG: @doyle__e (ONLY TWO underscores) https://instagram.com/doyle__e?igshid=YmMyMTA2M2Y= ^^^^^^^^^^^^^^^^^^^^^^^^ _____________________________________________________________ Recommended Forex Books: Trading in the Zone – https://amzn.to/3AvChwL Naked Forex – https://amzn.to/3uZSgCk Candlestick Trading Bible – https://amzn.to/3v32XUu Equipment: Canon M50 Camera
During the morning technical forex video, I identified the 1.0925 level as a support that, if broken, would lead traders to target the rising 100-hour moving average (blue line, currently at 1.08975). The 1.0925 level was indeed breached, with the low price reaching 1.0902, just four pips above the 100-hour moving average, before bouncing back.
The first quarter is over but it will take awhile to tally up the economic data. However the tracker from the Atlanta Fed does a decent job and certainly shows which way the wind is blowing. It was above 3% not long ago but is now down to 1.5% from 1.7% earlier this week. “After
OPEC+ commands 80% of the world’s proven oil reserves and 40% of the world’s supply and this announcement comes at a time when markets were bottoming out and pricing in a shade of positive developments. Global institutions are now forecasting Brent crude prices at $100 per barrel by the end of 2024, if this is
Disappointing US private job data doesn’t trigger significant fresh selling in Dollar, but it’s still maintaining its position as the week’s weakest performer so far. Countervailing forces from declining US and European benchmark treasury yields are keeping the greenback’s losses against Euro and Sterling in check. However, Swiss Franc and Yen seem to be making
A “Now Hiring” sign is displayed on a shopfront on August 5, 2022 in New York City. John Smith | View Press | Corbis News | Getty Images Private sector hiring decelerated in March, flashing another potential sign that U.S. economic growth is heading for a sharp slowdown or recession, payroll processing firm ADP reported Wednesday.
Share: Economists at HSBC discuss the Swiss Franc outlook. Its “safe haven” is likely to be less supportive in the coming weeks. CHF to move largely sideways against the USD in the weeks ahead “The CHF can still enjoy occasional ‘safe haven’ allure, but we expect this factor will be less supportive in the coming
Ether (ETH) has breached $1,900 for the first time in over seven months, a week before staking withdrawals are enabled in the next major update for the second-largest cryptocurrency by market capitalization. CoinMarketCap data shows the last time Ether was over $1,900 was on Aug. 16, 2022, amid a broader crypto sell-off at a time