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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Bulls eye 2020 highs and monthly cloud top
The pair holds in green for the seventh straight day and bulls have tighten grip after break of pivotal barriers at 109.56/110.00 (Fibo 76.4% of 111.71/102.59 / psychological).
The dollar advanced nearly 8% vs yen in past three months…
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Bears are consolidating above key support after nearly 3% drop in March
Bears are taking a breather above new nearly five months low (1.1704) and key Fibo support at 1.1694 (38.2% of 1.0635/1.2349), with consolidation on overextended daily studies likely to precede fresh weakness.
The Euro fell almost 3% in…
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