Latest Market News
US November Payrolls gained 263K, according to the report released by the BLS on Friday. The reading beat estimates however MoM growth was the lowest since April last year. Consensus estimate was 200K, October reading was revised up to 284K. Unemployment level remained unchanged at 3.7% which was in line with the forecast. In the […]
Daily Market Outlook, December 2, 2022 ‘Markets Marking Time Ahead Of Non-Farm Payrolls Release Wall Street took a breather following the post-Powell-inspired rally, consolidating above the 4000 level, some softer manufacturing data was digested along with several Fed members who reiterated the call for a focus on fighting inflation with restrictive monetary policy. Asian markets […]
CADJPY Sell Off Continues CADJPY has been one of the best short plays of recent weeks, driven by weaker oil prices and a higher JPY. With global recessionary fears mounting as we push into the winter in the West, uncertainty around developing events in China, and a shift in USD outlook, JPY has emerged as […]
NFP Up Next All eyes are on the latest set of US labour reports today. With the US Dollar heavily sold in the run up to the release, expectations are primed for further USD sales into the weekend. Indeed, on the back of dovish comments from Fed’s Powell earlier this week and with core PCE […]
Another batch of US macroeconomic data pointed to an easing in inflation pressures while the consumer spending index (Core PCE) rose by 0.2% in October against the forecast of 0.3%. US equities rose after the report, dollar dipped while Treasury bond yields retreated even lower, to the lowest level since early October. After the speech […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Shooting Star reversal pattern. Currently, the pair may go by the signal in a correctional wave. The goal of the pullback will be 1.0435. However, the pair might grow to 1.0650, break through the level, and continue the uptrend […]