Author: FX

Prior 98k; revised to 39kFebruary ILO unemployment rate 3.8% vs 3.7% expectedPrior 3.7%February employment change 169k vs 50k expectedPrior 65kFebruary average weekly earnings +5.9% vs +5.1% 3m/y expectedPrior +5.7%; revised to +5.9%February average weekly earnings (ex bonus) +6.6% vs +6.2% 3m/y expectedPrior +6.5%; revised to +6.6%The slight tick higher in the jobless rate sees it move to its highest since June last year but still keeping very much lower from a historical perspective. Payrolls are still continuing to print positively, although the pace is slowing down. However, the standout in this report is arguably the wage numbers, which continue to…

The dollar has gained some ground after hitting notable lows last week. Who else is taking these upswings as “pullbacks?” If you are, then you’re gonna love Bitcoin (BTC/USD) and USD/CHF’s 4-hour charts! USD/CHF 4-hour Forex Chart by TradingView USD/CHF found a bottom at .8875 last week, and it looks like there were enough bulls to push the pair to just under the .9000 mark. Unfortunately for the bulls, the .9000 psychological handle also lines up with the 50% Fibonacci retracement of last week’s downswing. It’s also uncomfortably close to a trend line resistance that’s been around since early March,…

Share: GBP/JPY grinds near intraday high during three-day uptrend ahead of UK employment statistics. Seven-week-old ascending resistance line challenges buyers amid nearly overbought RSI (14). Multiple failures to cross immediate trend line resistance join price-negative RSI conditions to tease sellers. 10-DMA restricts immediate downside, 161.00 appears a tough nut to crack for GBP/JPY bears. GBP/JPY buyers struggle to keep the reins as they prod a short-term key upside hurdle near 166.50 heading into Tuesday’s London open. In doing so, the cross-currency pair portrays the trader’s anxiety ahead of the UK’s March month Claimant Count figures, as well as…

HANG SENG, SHANGHAI COMPOSITE – Outlook:China GDP and retail sales beat expectations, but fixed asset investment slowed.The Shanghai Composite Index has risen above key resistance, while the upward momentum in the Hang Seng Index appears is improving.What is the outlook and what are the key levels to watch? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast China/Hong Kong equities could be gearing up for another leg higher as the recovery in the world’s second-largest economy picks up steam.Data released on Tuesday Asia morning showed the Chinese economy grew 4.5% on-year in the January-March quarter, well above 4%…

3/3 © Reuters. Smoke rises from the tarmac of Khartoum International Airport as a fire burns, in Khartoum, Sudan April 17, 2023 in this screen grab obtained from a social media video. Abdullah Abdel Moneim/via REUTERS 2/3 By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) -Sudan’s battling factions both claimed to have made gains on Monday as continued violence cut power and water in the capital, and the U.N. envoy to Sudan said the two sides showed no signs of being willing to negotiate. Fighting between the army and the paramilitary Rapid Support Forces (RSF) has killed at least 185…

ANZ summary of oil price influences, on both the demand and supply sides. Strong labour and inflation data last week stifled hopes that the Fed would pause its rate hike cycleInvestor appetite subsequently waned as Treasury yields lifted higher and the USD strengthenedSentiment was further hit by weaker demand in Asia. Refiners in the region are considering cuts to output amid a dramatic drop in profit margins. Crack spreads for diesel and jet fuel have also plunged. The former is now trading near USD16/bbl, the lowest level since January 2022. Similar falls are being experienced in the US, with the…

#PhillipMorris, D1 The holding company engaged in the manufacture and sale of cigarettes, tobacco and nicotine-containing products, Philip Morris (PM), is expected to report its earnings for the quarter ending March 2023 on Thursday (20/04), before the market opens. In the previous quarter’s earnings report, the company reported EPS of $1.39 beating the consensus estimate of $1.29. The company had a negative return on equity of 127.24% and net margins of 11.22%, for revenue of $8.15 billion during the quarter, compared to a consensus estimate of $7.54 billion. During the same period the previous year, the company earned $1.35 EPS. The…

Share: Gold price is testing critical support near $1,980. The US Dollar is bouncing back and pressuring the yellow metal.  Gold price has fallen from a high of $2,015.07 to a low of $1,981.19 on the day amid the rebound in the US Dollar as the hawks move back in over the sentiment surrounding the Federal Reserve again. Federal Reserve´s Governor Christopher Waller said that despite a year of aggressive rate increases, the Fed “hasn’t made much progress” in returning inflation to their 2% target and argued that rates still need to go up. We also had consumer spending for the past…

GOLD AND OIL TECHNICAL OUTLOOK:Gold prices retreat and probe technical support area near $2,000 as U.S. dollar extends recoveryRising U.S. Treasury yields also exert downward pressure on precious metalsMeanwhile, oil prices sink after failing to break cluster resistance at $82.60/$83.40 Recommended by Diego Colman Get Your Free Gold Forecast Most Read: USD/JPY Breaks Major Trendline Resistance as USD/CAD Defies Key Moving AverageGOLD PRICE ANALYSISGold prices (XAU/USD) retreated on Monday, losing ground for the second consecutive trading session and coming within a hair’s breadth of breaking below the psychological $2,000 level, undermined by the solid rally in the U.S. dollar seen…

We’ll get the latest U.K. inflation update on Wednesday, which is often a market mover for the British pound. Check out all of the important data to consider before putting together your latest trade idea on Sterling! Event in Focus: U.K. Inflation updates: Consumer Prices, Producer Prices When Will it Be Released: April 19, 2023, Wednesday: 6:00 am GMT, 7:00 am London, 2:00 am New York, 3:00 pm Tokyo Expectations: U.K. CPI annual rate: 10.2% y/y forecast vs. 10.4% y/y previousU.K. CPI monthly rate: 0.3% m/m forecast vs. 1.1% m/m previousU.K. core CPI annual rate: 6.0% y/y forecast vs. 6.2%…