Author: FX

The weekly claims data at the seasonals adjusted to account for Covid influences fading away, but seasonals still reflecting the volatility over the last few years. In short, the data is back to normal, and so should the seasonals. Nevertheless, because of the adjustments to last year, the initial jobless claims moved from below 200 K for most of the year to above and trending more to the upside.This is the current adjusted chart of the claims. Note the upward slope indicative of more jobless claims over time, and raw numbers being above 200K. Initial claims adjusted for new seasonalsIn…

The US official employment report will be released on Friday, with markets closed around the world for Easter. Nonfarm Payrolls are seen rising by 240 Source link

BITCOIN USD KEY POINTS:Bitcoin Prices Continue to Consolidate Within a Symmetrical Triangle Pattern.A Potential Demand Surge Could Give Bitcoin the Push it Needs to Test the $30000-$31200 Resistance Area.Both the Crypto and Bitcoin Fear and Greed Indexes are Now in Greed Territory. Will we See Another Bullish Cycle Like 2019 and 2021 or Will Deleveraging Play a Part and Push Prices Lower? Recommended by Zain Vawda Get Your Free Bitcoin Forecast READ MORE: Ethereum (ETH/USD) Breaks Higher as Shanghai Upgrade NearsBitcoin continues to consolidate around the $28000 mark following its rally during the banking crisis in March. Price has been…

YieldMax ARKK Innovation Option Income Strategy ETF dividend declines by 33.6% to $0.5103 Source link

3/3 © Reuters. FILE PHOTO: A construction worker passes a condominium site with a roll of cable in Toronto, Ontario, Canada October 8, 2021. REUTERS/Chris Helgren 2/3 OTTAWA (Reuters) -The Canadian economy added more jobs than expected in March and the jobless rate remained near a record low for the fourth consecutive month, data on Thursday showed, indicating continued labor market strength despite fears of an economic slowdown. The economy gained a net 34,700 jobs, almost entirely in the private sector, and the unemployment rate held steady at 5.0%, Statistics Canada reported. Analysts surveyed by Reuters had forecast that a…

GBP/USD – Prices, Charts, and AnalysisUK house prices rise further, according to one lender.The US Jobs Report is now key for overall market direction.GBP/USD sitting on a prior level of resistance. Recommended by Nick Cawley How to Trade GBP/USD The British Pound is trading in a very range against most other major currencies today as the markets slow down ahead of an extended bank holiday weekend. While a range of countries will be off on both Friday and Monday next week, there is still a major data release tomorrow that traders need to be aware of, the latest US Jobs…

Headlines:Markets:CHF leads, NZD lags on the dayEuropean equities slightly higher; S&P 500 futures flatUS 10-year yields down 0.6 bps to 3.281%Gold flat at $2,020.04WTI crude down 0.3% to $80.36Bitcoin down 0.8% to $27,920It was a quiet session as European traders are taking it slow and easy ahead of the Easter holiday starting tomorrow.There is still a sense of trepidation but it seems like we will have to look to Wall Street to realise any of the caution and fear before the US jobs report on Friday.The dollar was largely steadier and did little as major currencies also saw rather poor…

Share: If the FX market considers the world to be more uncertain it mainly sees EUR-negative risks, Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, reports. There will always be some disaster somewhere “There will always be some disaster somewhere. As I do not know what that will be, I cannot tell whether the unpredictable will be EUR-positive or EUR-negative. But over the past quarters, higher risk perceptions was typically perceived as EUR-negative.” “The fact that the Euro is trading at relatively high levels at present is due to the fact that there is untypically little…

The tech-heavy NASDAQ 100 took hits from weak U.S. reports yesterday! Will the stock index find enough buyers to extend its uptrend in the next trading sessions? Nasdaq 100 (NDX): 1-hour Nasdaq 100 (NDX) 1-hour Chart by TradingView In case you missed it, closely-watched U.S. reports like the ADP release and the ISM services PMI survey pointed to a weakening labor market. Bad news for the U.S. economy that depends heavily on consumer activity for growth. The NASDAQ 100 stock index, which is populated by a lot of tech companies that have already laid off employees, closed lower on recession…

While Friday’s jobs report is the near term focus, attention is already turning to CPI on April 12. USD wobbled initially and stumbled to 101.4 on the data, but recovered to close at 101.75. Another data miss, a further drop in bonds. Treasuries rallied further after weaker ISM services and ADP numbers added to expectations for a slowing economy that will keep the FOMC hawks grounded, if not in May, then in June. The combination of risk aversion, reduced expectations for Fed tightening, short covering, and technicals all helped propel the move. Wall Street was mixed all session & Asian…