NEW YORK: Oil prices fell on Friday after a weaker than expected US jobs report indicated a patchy economic recovery that could mean slower fuel demand during a resurgent pandemic. Losses were capped by concerns that US supply would remain limited in the wake of Hurricane Ida, which cut production from the US Gulf of
Month: September 2021
U.S. economist Joseph Stiglitz believes now is a good time to rewire the U.S. economy, arguing that “we shouldn’t let a crisis go to waste.” The former senior vice president and chief economist of the World Bank said on Thursday that the coronavirus pandemic has highlighted how the economic system isn’t working, referencing inequality, the
#forex #stocks #trading A1 Trading forex discord community – Trade alerts, webinars, chatrooms: Use code YTVIP for $5 off: https://a1trading.com/vip/ Gold membership – Unlimited discord community + trade alerts, trading software tools, strategy library, and more! Use code YTVIP for a 25% OFF discount: https://a1trading.com/gold-membership/ A1 Trading Forex Telegram: https://t.me/A1TradingFXAnalysis Looking for a broker? Use
Bloomberg’s senior commodity strategist Mike McGlone has doubled down on call for six-figure Bitcoin (BTC), arguing that the first-born cryptocurrency is well on its way to becoming a global reserve asset that complements the United States dollar. The September edition of Bloomberg’s Crypto Outlook called $100,000 BTC and $5,000 Ether (ETH) the “path of least
Dollar was under pressure most of the week and selling accelerated again after the big disappointment in employment data. The non-farm payroll report could show that job market recovery had made a “substantial setback” rather than “substantial further progress”. A tapering announcement from Fed in September is basically off the table. Overall development in US
Retraced the entire August move to the downside now The AUDUSD has risen 48 Alaska trading days. Over that time period, the move down in the month of August from 0.74259 to 0.71059 has been completely retraced (and then some). The price action today has taken the price above the August 5 high at 0.74259. Once broken, the price has
WTI crude gives up gains to settle down 70-cents to $69.29 The fundamental story in oil this week is continued outages in the Gulf of Mexico. Generally, platforms come back online quickly after storms but that’s not the case after Ida. There is still 1.7 million barrels per day offline and the cumulative loss is
The most acceptable metal of the world since ancient times, gold, started its bull run in 2016 and saw continuous rise for five years till 2020. That followed a brief consolidation of 2-3 years. Prices rose from Rs 25,000 to Rs 56,000 level during this period. However, it has given up some of those gains
Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday. Economists surveyed by Dow Jones had been looking for 720,000 new hires. The unemployment rate dropped to 5.2% from 5.4%, in line with estimates. August’s total — the worst since January — comes with heightened
Overall developments in the markets are unchanged for the week. US stocks continued with recent up trend overnight. Dollar, Yen and Swiss Franc extended near term decline. New Zealand and Australian Dollars are the strongest one, followed by Euro and then Sterling. Main focus will now turn to US non-farm payroll report. High volatility is
USD falls the most vs the NZD The USD fell versus all the major currencies is weeks with the exception of one…the CHF. The US dollar fell the most versus the NZD and AUD as those currencies benefited from risk on sentiment, somewhat improving China and expectations that as Covid spread slows, central banks would start to look toward reversing some of
Forex news for September 3, 2021: Markets: US 10-year yields up 3 bps to 1.324% Gold up $19 to $1828 WTI crude oil down 72-cents to $69.28 S&P 500 flat at 4536 AUD leads, USD lags If you bet on ADP enough times, eventually you’ll get it right. Not that ther ewas a big dollar
NEW DELHI: Gold eked out decent gains in India on Friday, following global trends. The yellow metal saw buying on the back of a weaker dollar. Investors are waiting for the US jobs data to gauge the Federal Reserve’s plans to start tapering asset purchases. Gold futures on MCX were higher 0.25 per cent, or
GBP/USD prints fresh two-week highs above 1.3870 as the US dollar remains weak Pound prints fresh highs across the board during the American session. US dollar consolidates post NFP losses, even as US yields rise sharply. GBP/USD up for the third day in a row, gains a hundred pips from a week ago. The GBP/USD
WATCH: Predicting market news direction strategy – forex trading strategies. how to predict forex news direction. ——————————————————————————— TO TRY THIS FOREX STRATEGY RISK FREE ON DEMO FIRST: – Open forex demo account HERE: https://clicks.pipaffiliates.com/c?c=465265&l=en&p=5 ———————————————————————————- #ForexTradingStrategies is a channel helping #forex traders – new and experienced, with #forextrading strategies to help or improve their forex
Are crypto exchange-traded funds (ETFs) finally coming to the United States of America? Dozens of cryptocurrency-based ETFs or ETF-like products are currently selling on regulated exchanges in Europe, while Canada and Brazil have already introduced their own versions this year. Over the past eight years, however, not a single investment firm has won the U.S.
Dollar spikes lower in early US session after huge NFP miss. But the selloff is only firm against commodity currencies at the time of writing. In particular, the greenback is trying to recovery against European majors, as well as Sterling. Traders might need a bit more time to make up their mind. While a September
Trades below its 100/200 hour moving averages The USDJPY initially tumbled lower on the headlines from the US jobs report. That move took the price below its 100 day moving average at 109.688, but stalled ahead of a swing low area between 109.56 and 109.58. The low price reached 109.62 and bounced higher. The subsequent move back to the