Author: FX
DECEMBER NONFARM PAYROLLS REPORTThe U.S. Bureau of Labor Statistics will release the December employment survey on FridayU.S. employers are forecast to have hired 150,000 workers last month, following a gain of 199,000 jobs in NovemberThe strength or weakness of the labor market will likely guide the Fed’s next steps in terms of monetary policy Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Wavers Ahead of US Jobs Data, Tech Setups on USD/JPY, AUD/USD, GoldWall Street will be on high alert on Friday…
In the fast-paced world of Forex trading, having the right tools at your disposal can make all the difference between success and disappointment. One such tool that has garnered significant attention and acclaim among traders is the Average Daily Range (ADR) MT4 Indicator. In this article, we’ll delve into what this indicator is, how it works, and why it’s become an essential part of many traders’ arsenals. What is the Average Daily Range (ADR) MT4 Indicator? To understand the Average Daily Range MT4 Indicator, let’s break it down step by step. The ADR MT4 Indicator, also known as the Average…
Share: The Aussie is down 0.4% against the Greenback as the AUD deflates. Thursday’s early risk-bid on China PMI beats gave way to pre-NFP positioning. USD NFP Friday to close out the first trading week of 2024. The AUD/USD continued to backslide on Thursday, slipping back into the 0.6700 handle after a short-lived rally sparked by improving risk sentiment on the back of a better-than-expected print in China’s Caixin Services Purchasing Managers’ Index (PMI) for December. Investors are gearing up for a fresh print of the the US Nonfarm Payrolls report for December to wrap up the first…
Canada Jetlines (OTCPK:CAJTF) said on Thursday it had added two new A320-214 aircraft to its fleet. The company said it had signed lease agreements with CMB Financial Leasing. According to CAJTF, the A320-214 aircraft is scheduled for delivery in Q2 2024. Press Release More on Canada Jetlines Operations Source link
© Reuters. A employee counts Colombian pesos at a store in Bogota, Colombia December 28, 2018. REUTERS/Luisa Gonzalez/File Photo By Luis Jaime Acosta and Oliver Griffin BOGOTA (Reuters) – Colombia’s economy is forecast to grow 1.8% in 2024, while inflation is expected to slow to 5%, paving the way for the central bank to cut its benchmark interest rate to some 8%, Finance Minister Ricardo Bonilla said on Thursday. GDP growth for 2023 is expected to have reached 1.2%, he added, lower than the minister’s previous forecast of 1.8% late last year. Latin America’s fourth-largest economy sputtered through the previous…
Morgan Stanley downgraded its outlook for the US dollar today, lowering it to neutral from bullish.They had previously forecast an 8% rise in the Dollar index but have followed others in predicting a weaker environment following the Fed pivot.US Dollar indexOur conviction about dollar strength has waned meaningfully,” wrote MS strategist. “US data deceleration has compressed growth differentials, US rates have fallen further compared with peers, and investors appear far from defensive based on equity returns.”Morgan Stanley closed out a bet against the euro, suggesting short EUR/JPY instead. They are bullish on the yen this year in general (and the…
US DOLLAR FORECAST – USD/JPY, AUD/USD, GOLDThe U.S. dollar, as measured by the DXY index, slides despite the advance in Treasury yieldsAll eyes will be on the U.S. employment report on FridayThis article analyzes the near-term outlook for the U.S. dollar, examining major FX pairs such as USD/JPY and AUD/USD. The piece also scrutinizes the technical profile for XAU/USD Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar’s Revival Threatened by Fed Minutes; Setups on USD/JPY, EUR/USD, GoldThe U.S. dollar, as measured by…
Share: The DXY Index recovered from a daily low of around 102.20 to trade flat on the day. ADP Employment Change figures from December came in better than expected. Weekly Jobless Claims were also positive. Weak S&P Global PMI data may limit the upside for the USD. Dovish bets on the Federal Reserve (Fed) eased somewhat but are still high. The US Dollar (USD) gained traction during the American session, with the Dollar Index (DXY) trading at 102.45 after an initial dip to 102.20. That trend was primarily driven by favorable ADP Employment Change for December and Initial…
Greenbrier Q1 2024 Earnings Preview Source link
© Reuters. Wolfe upgrades General Motors (GM) on favorable risk/reward Wolfe Research upgraded General Motors (NYSE:) to an Outperform rating (From Peer Perform) and set a 12-month price target on the stock at $42.00 as analysts believe investors have underestimated the earnings and cash flow power that GM will generate over the near- to medium-term. Wolfe believes that considering GM’s cash deployment strategy, it’s improbable for the company’s shares to stay at their current levels. They expect GM’s 2024 results to benefit from around $1.5 billion in cost reductions, $0.8 billion in year-over-year savings due to non-recurrence of the Bolt…