The employment report released on Friday showed a gain in payrolls of 390K, above the 325K of market consensus. According to analysts at Wells Fargo, the report “lands in a sweet spot for the Fed”. They point out that while the labor market remains clearly tight and is adding to inflationary pressures, improving labor supply
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With the UK still on holiday, the other major European indices are closing lower. A look at the closing levels shows: German DAX, -25.10 points or -0.17% at 14460.08 France’s CAC -15.14 points or -0.23% at 6485.31 Spain’s Ibex -19.3 points or -0.22% at 8724.81 Italy’s FTSE MIB -259.84 points or -1.06% at 24166 Looking
The US employment data was released today with nonfarm payroll adding another 390K jobs. That comes after a 436K jobs increase in the prior month (was 428K). The expectations for the month was for 325K. Although lower than the prior month, it still represented a solid gain at this point in the cycle. Since January
Steel prices in the domestic market have fallen by almost a tenth in the two weeks since the Centre levied export duty on the alloy, a trend underscored by the seasonal slowdown in demand. Prices of domestic benchmark hot-rolled coil (HRC) steel at the traders’ end have slipped by about 8% or ₹5,500 to about
NEW discord link — https://discord.gg/caYDSpzXjB Day Trading Strategy For Pivot Points Traders (Forex Trading System For Beginners) Patreon → https://www.patreon.com/theacademyofforex Video #1 → https://www.youtube.com/watch?v=L2xCjSY_BTQ&t=18s Tradingview link → https://www.tradingview.com/gopro/?share_your_love=XfalconX Join us on discord! → https://discord.gg/9NvnFqZ The Academy of Forex was created so we can learn as a group what Forex indicators work best and which don’t.
In this first tutorial we go over how to set up NinjaTrader, the installing process, how to set targets and stops, how to use the hot key manager, save you fib ret and ex to default, how to set up you chart like you want it and more. Targets and stops, fib settings, set up
In this video, I will be sharing an amazingly powerful scalping strategy that provides setups daily, along with a high win rate. The strategy can be used for daytrading and scalping stocks, forex, and crypto. When we talk about scalping strategies, most of them are trend following strategies. This is because intraday trends can be
The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect against volatility and a possible decline in the value of the United States dollar. For years, crypto traders have referred to Bitcoin (BTC) as “digital gold,” but is it actually
US dollar strengthens on Friday amid risk aversion and higher US yields. Positive employment report partially offset by a weaker reading of ISM Service PMI. EUR/USD flat for the week at around 1.0700. The EUR/USD failed to recover the 1.0750 zone and pulled back during Friday’s American session toward the 1.0700 area. It is about
AUDUSD failed on break above 200 day moving average The AUDUSD yesterday first tested – and then broke – above its 100 day moving average at 0.72296 (top blue line on the chart above). The momentum took the price up to the 200 day moving average at 0.72561 (top green line) and ultimately above that
The price of WTI crude oil futures are settling at $118.87. That’s up $2 or 1.71%. The high price today reached $119.42. The low price extended to $115.23. One week ago today, the price closed at $115.07. That puts the gain for the week at $3.80 or 3.3%. The high for the week reached $119.98
Gold prices rose by Rs 294 to Rs 51,236 per 10 grams in the national capital on Friday, according to Securities. In the previous trade, the yellow metal finished at Rs 50,942 per 10 grams. Silver also zoomed by Rs 523 to Rs 62,577 per kg from Rs 62,054 per kg in the previous trade.
Dollar jumps broadly in early US session after stronger than expected headline non-farm payroll numbers. For now, the greenback is still behind Canadian and Australian Dollar in the weekly race, however. On the other hand, Yen’s selloff is extending again, as pressured by strong rally in global benchmark treasury yields. European majors are mixed, with
GBP/USD is trading lackluster as investors have reduced volume ahead of the US NFP. Poor ADP Employment Change numbers have trimmed the forecasts of the payrolls data. The BOE needs to continue elevating its interest rates aggressively to contain the runaway inflation. The GBP/USD pair is auctioning back and forth in a 1.2565-1.2590 range. It
Spot gold tests a swing area between $1863 and $1869 The price of gold is up up $23.40 or 1.27% at $1869.35. That takes the price above a swing area between $1863 and $1869. Within that range is also the 38.2% retracement of the move down from the April 18 high at $1866.93. The high
This is referring to a data entry error, Bloomberg with the report, citing people familiar: A trader in the firm’s Delta One trading unit in London was working from home during a bank holiday on May 2 when the person incorrectly added an extra zero to a trade early in European market hours. a five-minute
Gold prices inched up marginally to a month’s high on Friday, thanks to a muted US dollar that has added to the sheen of the yellow metal. Bullion was on track for the third straight weekly gain. Gold prices advanced amid a retreat in the dollar index and disappointing macroeconomic data from the US, said
Commodity currencies remain in the driving seat for the week, with Aussie having a slight upper hand over Loonie. Both are supported by firmer risk sentiments, as well as expectations for more tightening. Yen is the runaway loser for the week and looks set to resume broad based down trend. Dollar is mixed for now,