Author: FX
Share: USD/JPY touched 146.00 in the pre-NFP market runup before slumping back. Yen set for another significant down week, falling a full percent against most major currencies. Broad-base JPY selling to dominate market themes as Yen pairs rebalance recent losses. The USD/JPY spiked to a near-term high at the 146.00 handle early Friday in the broad-market run-up to the US Nonfarm Payrolls release, which surged above market forecasts and sent the US Dollar (USD) back down against the Japanese Yen (JPY) as markets weighed odds of Federal Reserve (Fed) rate cuts in the face of a still-firm US…
Share: EUR/JPY sees minimal gains in a risk-off environment, influenced by contrasting US economic reports and JPY dynamics. Potential downward pressure could lead to tests of Kijun-Sen at 157.52 and Senkou Span B, with further support at 157.03. For upward momentum, buyers need to break above 159.00, targeting Ichimoku Cloud bottom at 159.32 and 160.00 resistance. The EUR/JPY clings to minuscule gains of 0.01% late in Friday trading, courtesy of a risk-off impulse amid mixed economic data from the United States (US). Consequently, the Japanese Yen (JPY) gained some ground against the US Dollar (USD), as seen by…
Share: The NZD/USD trend upwards, trading near the 0.6250 level. Following mixed economic data, market dovish expectations for the Federal Reserve policy intensified Next week, the US will report inflation data. In Friday’s session, the New Zealand Dollar (NZD) advanced against the US Dollar (USD), trading at a comfortable level of 0.6250, seeing firm gains. The pair may be probably consolidating the last session’s losses as strong labor market data may push the Federal Reserve (Fed) to take a less aggressive stance. Meanwhile, markets remain stubborn, betting on earlier rate cuts. In December, economic indicators presented a mixed…
Kura Sushi (KRUS) Stock Trades Up, Here Is Why What Happened: Shares of sushi restaurant chain Kura Sushi (NASDAQ:KRUS) jumped 22.7% in the afternoon session after the company reported first quarter earnings results that blew past analysts’ gross margin expectations. Revenue also came in slightly ahead of Consensus estimates. Looking ahead, full-year revenue guidance came in higher than Wall Street’s estimates, partly due to the strong same-store sales growth posted during the quarter. Management highlighted an acceleration in sales momentum, and the business continued to add new restaurants to meet growing demand. On the other hand, its operating profit and…
Share: The Canadian Dollar is etching in a broad range on NFP Friday. Canada jobs additions crumble, US jobs easily beat the street. Despite weak labor figures, Canadian wage pressures persist. The Canadian Dollar (CAD) slumped to a new low for the week against the US Dollar (USD) before surging to a three-day high as markets whipsaw after a bumper US Nonfarm Payrolls (NFP) report crushes market forecasts. Canada saw a hamstrung labor market add fewer jobs than the margin of error on the figure itself, coupled with persistent wage growth that accelerated to a two-year high. Daily…
The major stock indices are giving up their gains. Dow is now down -82 points or -0.22% at 37357. The high saw the indes up 183.27 pointsS&P is up 1.29 points or 0.03% at 4689.80. At session high, the index was up 32.80 pointsNasdaq is up 13.6 points or 0.09% at 14524.44. At session high, the index was up 114.89.What is nearly certain is the 9 week gains for the major indices will be snapped today. Dow is down -0.91%S&P is down -1.68%Nasdaq is down -3.27%The Nasdaq index corrected higher and technically moved above the 200-hour MA at 14603.25. That…
This article is specifically dedicated to analyzing the technical outlook for the British pound. If you are interested in the currency’s fundamental prospects, request our brand-new Q1 forecast now! Recommended by Nick Cawley Get Your Free GBP Forecast The technical outlook for GBP/USD in the months ahead is uncertain due to the ever-moving backdrop of US and UK interest rate expectations. The likely outcome is that GBP/USD moves slowly higher with a raft of US rate cuts already priced into the US dollar, while Sterling has further to go to price in recent dovish rate expectations.The daily GBP/USD chart remains…
Share: Mexican Peso gains against USD, with USD/MXN falling to 16.93 after US jobs data shows higher-than-expected employment growth. Banxico’s recent minutes highlight ongoing inflation challenges, affirming the need for stable interest rates. US Treasury yields rise as market expectations for Fed rate cuts in 2024 adjust to 135 basis points. The Mexican Peso (MXN) stages a comeback and registers a new three-day high against the US Dollar (USD) after the US Bureau of Labor Statistics (BLS) revealed the economy in the United States (US) added more jobs than expected in December. Even though the USD/MXN initial reaction…
Iryna Drozd Sana Biotechnology (NASDAQ:SANA) said the FDA has cleared its Investigational New Drug application to initiate a clinical study of its drug candidate SC262 in the treatment of relapsed or refractory B-cell malignancies. The product will be tested initially in patients who have already been treated with a CD 19-directed CAR T therapy. More on Sana Biotechnology Source link
US Dollar Forecast – Prices, Charts, and AnalysisNFPs beat forecasts at 216k, unemployment rate unchanged versus November.US dollar rallies, Treasury yields rise, gold slides.Download our latest US Dollar Q1 Forecast below: Recommended by Nick Cawley Get Your Free USD Forecast The latest US Jobs Report (NFPs) beat market forecasts by a margin, coming in at216k against forecasts of 170k. The November report saw a revision lower from 199k to 173k. Average hourly earnings m/m stayed unchanged at 0.4%, while the annual figure rose to 4.1% against a prior reading of 4% and expectations of 3.9%. The unemployment rate remained unchanged…