Share: GBP/JPY surges to year’s high, up by 0.18%, amid positive market sentiment. Expectations of a dovish Fed and resolution of the US debt-ceiling imbue strength to high beta currencies. Despite the overall upward bias, the technical outlook suggests potential downside pressure on GBP/JPY. GBP/JPY climbed to fresh year-to-date (YTD) highs at 174.68 before a
Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass. The Digital Assets Mining Energy (DAME) excise tax proposal sought to charge crypto miners a tax equal
The USDCHF sellers had their shot on Friday on the break of the 200-hour MA, but could not sustain momentum. The better US jobs report started the wheels in motion for a move back to the upside. That took the price back above the 200 and 100-hour MAs in the process (at 0.90564 and 0.90718
It was time for the laggard indices to take control today. Both the Dow industrial average and the Russell 2000 of small-cap stocks outperformed the NASDAQ which is been the big outperformer in 2023. The final numbers for the day are showing: Dow industrial average rose 797 points or 2.12% at 33762.59. That was the
The yellow metal started the holiday-shortened week on a positive note and is poised for the best weekly gain since April, amid sharp fall in the greenback and the US benchmark treasury yields. The dollar index fell below 103.5 levels, after touching a two-month high of 104.7 on Wednesday, while the yield on the US
The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday. Payrolls in the public and private sector increased by 339,000 for the month, better than the 190,000 Dow Jones estimate and marking the 29th straight month of positive job growth.
In this article CHWY Follow your favorite stocksCREATE FREE ACCOUNT A dog sits in front of the New York Stock Exchange during Chewy Inc.’s initial public offering, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Chewy surged more than 13% in extended trading Wednesday after the pet retailer posted earnings that
Share: Oil price recovers for the second day after the debt-ceiling bill gets voted through by the US Senate. The possibility of OPEC+ announcing more production cuts at its June 4 meeting further supports Oil. The breakeven price for the Saudis is $80 a barrel despite Russia downplaying the need for cuts. Nonfarm payrolls beats
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Greg Michalowski of Forexlive.com takes a deep into the technicals defining the bias, risk and key targets for the USDJPY heading into the new trading week starting June 5, 2023. In the report, he looks at the daily chart and then drills into the hourly chart. Get your week started on the right foot by
Markets: Gold down $29 to $1948 WTI crude oil daily +$1.85 to $71.93 S&P 500 up 62 points to 4289 US 10-year yields up 8.3 bps to 3.69% US 2-year yields up 16 bps to 4.50% AUD leads, JPY lags Non-farm payrolls beat the consensus estimate for an unprecedented 14th time and it beat it
Gold slipped on Friday as hotter-than-expected U.S. jobs data lifted Treasury yields, though it was on track for a weekly gain as a higher unemployment reading kept alive hopes that the Federal Reserve would pause interest rate hikes. Spot gold was down 0.8% at $1,962.69 per ounce by 11:20 a.m. EDT (1520 GMT) after hitting
Dollar is extending the near term pull back in Asian session today, driven by a combination of factors including a risk-on market sentiment, falling Treasury yields, and growing market expectations of a Federal Reserve “skip” in June. However, the greenback, along with other currencies, will be closely watching today’s non-farm payroll data for further direction.
Steve Debenport | E+ | Getty Images The U.S. unemployment rate rose in May, but declined for Hispanic workers, according to the latest nonfarm payrolls report. The overall unemployment rate last month was 3.7%, a gain of 0.3 percentage points from the prior month. However, Hispanic or Latina women saw their unemployment rate fall to
In this article CRWD Follow your favorite stocksCREATE FREE ACCOUNT CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth. Here’s how the cybersecurity firm did versus Refinitiv consensus estimates for the
Share: Cable fell below the 20-day SMA toward the 1.2450 area. The US added 339k new jobs in May vs 190k expected. US bond yields increased as a reaction to the employment figures. The GBP/USD fell more than 0.50% to a daily low of 1.2453 at the end of the week, following robust labor market