Author: FX
USD/JPY looks ready to make higher highs after a downswing in March. Are we looking at a bearish flag or a legit reversal? I’m looking at USD/JPY’s 1-hour chart for clues! USD/JPY 1-hour Forex Chart by TradingView In case you were too busy prepping for the Easter weekend, you should know that data releases from the U.S. so far this week point to Uncle Sam’s labor market weakening thanks in part to the Fed’s aggressive tightening program. Speculations of a recession in the U.S. helped drag USD/JPY to its 133.50 levels at the start of the week all the way…
Herbert Pictures/iStock Unreleased via Getty Images Airbus (OTCPK:EADSF) (OTCPK:EADSY) will double production capacity in China of its best-selling A320 narrow-body jet, adding a second final assembly line at its existing factory site in Tianjin under a deal signed Thursday by CEO Guillaume Faury in Beijing. The expansion will advance Airbus’ (OTCPK:EADSF) (OTCPK:EADSY) plan to produce as many as 75 A320neo family jets per month by 2026, and is a confidence boost for Chinese manufacturing as other firms reconsider production in the country following three years of harsh COVID lockdowns. Airbus (OTCPK:EADSF) (OTCPK:EADSY) also signed general terms of agreement with a…
The Bank for International Settlements (BIS) has released a working paper examining “crypto carry” — the differences between (BTC) and Ether (ETH) spot and futures prices — and its effect on crypto investment markets. The complex paper sheds light on the behavior of crypto investors, particularly smaller investors, in relation to boom and bust cycles. “Carry” describes the results of “going long in the spot market, while selling forward the same amount forward via a futures contract.” The paper bases its findings on “stylized facts” based on a variety of exchanges over time. Continue Reading on Coin Telegraph Source link
Australian Dollar, AUD/USD, Jobless Claims, NFPs – Asia Pacific Market Open:Australian Dollar falls as US jobless claims data briefly jitters marketsAll eyes now turn to US NFPs as cracks slowly emerge in the economyAUD/USD eyes an Ascending Triangle chart formation, support in focus Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Asia-Pacific Market Briefing – US Economy Showing Early Cracks Ahead of NFP DataThe Australian Dollar underperformed against its major counterparts on Thursday. The sentiment-linked currency received a boost following the latest round of US initial jobless claims, which surprised higher at 228k compared to the 200k median estimate.…
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…