US and Canada jobs reports to be reported at the 8:30 AM ET The JPY is the strongest currency and the CAD is the weakest currency as North American traders enter for the day. The US jobs report will be released at 8:30 AM ET with expectations for a change nonfarm payrolls to show a 674K increase (vs 266K last month). The unemployment rate is
Technical Analysis
Dow snaps five they win streak The NASDAQ index is leading the decline with its biggest decline in three weeks. It also increases the up one day/down the next day string to 11 consecutive days. S&P index is down for the second time in three days Dow industrial average snaps it’s a five date when
The USD is higher ahead of ADP, weekly claims, ISM services and Non farm productivity As North American traders enter for the day, the GBP is the strongest and the AUD is the weakest of the majors. The USD is stronger (sans the GBP) as traders await the ADP employment report at 8:15 AM ET (650K estimate versus 742K
Major indices little changed The US stocks gave up most of their earlier gains but still found some buying near the close and are closing higher on the day. The Dow industrial average has extended its winning streak to 5 trading days. The Dow is 2% from its all-time high The S&P is up 4 of the last 5 trading days. The S&P
EUR/USD falls to 1.2170 on the session Despite rather muted sentiment in the market, the dollar continues to keep firmer in European morning trade as EUR/USD falls to a fresh low on the day. The pair now eases further to 1.2170, down 0.3% as the greenback stretches gains slightly. There is some support here from
Nasdaq modestly lower. Dow higher It is a mixed market in the US equities today. The Dow close higher for the fourth consecutive day The S&P index snapped its three day winning streak and closes near session lows. The index got within four points of its all-time intraday high The Nasdaq close lower energy sector closes 4% higher Russell 2000 up three
GBP/USD falls from 1.4220-30 to a low of 1.4185 on the session Invest in yourself. See our forex education hub. This comes with the greenback also erasing losses against the euro, yen, franc and kiwi on the day. Even the aussie is back to its post-RBA levels now with AUD/USD at 0.7740. The turn for
WTI up 1% on the day Oil has climbed above the May highs and yesterday closed at the highest since 2018. The March high of $67.98 is now in range. The was a report yesterday that OPEC+ would stick to the script through July at Tuesday’s meeting but there’s a big question mark about what
WTI up 1% just above $67 currently Oil is trading close to its best levels for the year and from a technical perspective, may be set for a surge of gains if it can hold a daily close above $67 with a firm break above the $68 level preferable for buyers to extend the upside
Its month end too The US the stock market is opening with relatively modest and similar gains across the major indices. Remember, it is month end today (the stock market will be closed on Monday for Memorial Day). That could lead to flow data and increased volatility. A snapshot of the market currently shows: S&P index up 12.18 points or
Dollar selling takes the pair back to the downside The USDCAD and retraced all its gains from the day. The low from the first hour of trading in the Asian session reach 1.20635. The price just dipped to a new session low for the day at 1.20629. All the declines have occurred in the last 2+
Lows stalled at 61.8% retracement of last move higher The NZDUSD has snapped up to retest the 100 hour MA at 0.72587. The pair has found sellers on the test, but be warned, the London fixing is approaching at the top of the hour. Anything can happen. For the week, the low was reached on Monday. That low
Major indices higher for the week/higher for the month The major European indices have moved higher on the day and the week. With most European it’s open on Monday, there is still one more day of trading for the month. However, the major indices are all trading higher for the month as well. A look at the provisional closes
A look at FX monthly performance and the chart The pound was easily the best performer this month gaining 2.68% against the US dollar, followed by CAD and CHF. The yen was the laggard, down 0.45% and AUD was the only other G10 currency down against the dollar. A big move in GBP/JPY came yesterday
The pair sits near the lows for the day as the dollar holds a slight advance Invest in yourself. See our forex education hub. The dollar is posting a slight advance once again ahead of North American trading, with EUR/USD now trading back towards the lows around 1.2174. The pair looks to be struggling to
Dow and S&P up for the second straight day. The major indices are closing with modest changes on the day. The Dow is leading the way with a gain of 0.4%. The Dow and S&P are up for the second straight day The NASDAQ remains on track for its 1st monthly loss since October Dow and S&P are both on track
Little change observed across the board so far today The dollar is keeping steadier after a modest advance yesterday with major currencies not doing a whole lot as we head into European morning trade. Dollar pairs are mostly within 0.1% changed at the moment as traders continue to search for clues on how to proceed
Nvidia releases earnings after the close the major US indices are ending the session with mixed results. The Dow 30 is closing lower. The Russell 2000 index up small-cap stocks is closing up around 2%. The Dow and S&P are on track for a monthly gain the NASDAQ remains on track for a down month.