Sterling remains supported by growth hopes, easing measures
Cable accelerated higher in European trading on Monday, signaling an extension of recovery leg from 1.3670 double-bottom (Mar 24/25).
Sterling maintains positive tone on rising expectations for stronger growth as economy reopens, in…
Read More...
Read More...
Dollar keeps firm tone on expectations of economic recovery acceleration and possible earlier than…
The dollar kept firm tone in early Monday’s trading, supported by strong US labor data, released last Friday.
The greenback advanced further against the basket of major currencies in the lowered market activity due to Easter holidays.…
Read More...
Read More...
US employment surges in March, boosted by vaccination and fiscal stimulus
The US non-farm payrolls surged by 916,000 jobs in March, marking the biggest increase since August, rising from previous month’s upwardly revised 468,000 and strongly beating expectations for 647,000 jobs to be added last month.
High…
Read More...
Read More...
Gold extends recovery but break above $1755 required to sideline bears and signal a double-bottom
Spot gold extends strong rebound into second consecutive day after another short-lived probe below psychological $1700 level.
The yellow metal advanced over 2.5% in two days, lifted by lower dollar and US and US bond yields, while weak US…
Read More...
Read More...
Oil prices jump as OPEC+ decides to extend production curb for another month
WTI oil rose over $2 on Friday and returned above $61 per barrel, lifted by the decision of OPEC+ group to extend production cuts, implemented after oil prices collapsed during the pandemic in 2020, for another month.
The world’s top oil…
Read More...
Read More...
Deeper pullback expected on break of 110 pivot
The pair eases further on Friday following Wednesday’s upside rejection and Thursday’s close in red (the first in seven days) as Japanese traders collected some profits ahead of the weekend.
The dollar came under pressure on fresh risk…
Read More...
Read More...
Correction needs to clear 1.1800 zone to resume; US NFP key market driver today
EURUSD
The Euro is trading within tight range in early Friday, due to holiday-thinned volumes, following a two-day bounce from new multi-month low at 1.1704.
Fresh risk mode in the market, driven by signs that US economic recovery…
Read More...
Read More...
US manufacturing PMI rose to the highest in 37 years in March
The activity in the US manufacturing sector accelerated to the highest level in more than 37 years in March, boosted by strong growth in new orders, the initial signal that economic recovery is gaining pace.
The Institute for Supply…
Read More...
Read More...
Dollar bulls are losing traction; US NFP could spark deeper pullback
The dollar extends consolidation into second day as bulls take a breather under new five-month high (93.45).
Lower volumes in pre-holiday trading and higher than expected US jobless claims, could cause deeper drop, as reversal pattern is…
Read More...
Read More...
Aussie falls further on disappointing data, expectations for dovish RBA
The Australian dollar was among the top losers of the Asian session on Thursday, as bears extended to new 3 ½ month low (0.7531).
Disappointing economic data, released overnight, added to negative sentiment, boosted by expectations that…
Read More...
Read More...