US nonfarm payrolls fall well below expectations in April
US nonfarm payrolls shocked in April by falling far below expectations, increasing by only 266,000 last month, compared to downward-revised 770K rise in March, while economists expected payrolls to advance by 978,000.
Much lower than…
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Upbeat German data lift Euro ahead of US jobs report
The Euro rose further in European trading on Friday, extending Thursday’s 0.52% rally which left the bear-trap at 1.20 support and shifted near-term focus to the upside.
Upbeat German data on Friday (manufacturing orders surged 29.5% in…
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US nonfarm payrolls expected to increase nearly a million in April
The US labor sector likely added nearly a million new jobs in April, according to a forecast for increase in non-farm payrolls by 978,000, from 916,000 in March.
Reopening of the economy amid massive financial support from the government…
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China’s strong trade growth extends in April
China’s exports accelerated in April and import growth hit a decade high, signaling that the impressive trade performance of the world’s second largest economy continues, boosted by increased demands for China’s goods on stalled factory…
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Gold rises to new multi-week high
Spot gold surged to a ten-week high on Thursday, as the dollar remains in defense ahead of Friday’s labor data, which could provide more details about Fed’s strategy on monetary support.
The yellow metal was also supported by comments of…
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US weekly jobless claims fell to the lowest since March 2020
The US initial claims for state unemployment benefits fell by 92,000 to a seasonally adjusted 498,000 in the week ending May 1, beating forecast for 540,000 claims and hitting the lowest level since March 2020, when America entered the…
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Bears pause above psychological 1.20 support
The Euro bounces on Thursday, as bears faced headwinds from psychological 1.20 support and taking a breather above pivotal 1.2000/1.1973 support zone (psychological / top of thick daily cloud).
Upticks should be ideally capped by 100DMA /…
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Dollar eases as recovery shows signs of stall, traders eye US jobs data
The dollar slips on Thursday after a week-long recovery from one-month low (driven by strong economic data which pointed to rapid economic recovery) was repeatedly capped by the base of rising and thickening daily cloud.
Daily momentum…
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Extended recovery needs clear break of key Fibo barrier to resume
The Dax maintains positive tone and extends recovery from one-week low (14833) into second day.
Fresh risk appetite on hopes of strong economic recovery keep the global stocks resilient, while stronger than expected German data, released…
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US private payrolls rise in April, signaling that recovery in US labor sector is accelerating
US private sector employment increased in April by the most in seven months, boosted by strong rise in demand that accelerated production, as strong economic recovery, powered by massive government’s fiscal support and rising vaccinations,…
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