Major US indices close higher for the day and the weekWhat key earnings are on the calendar for the week starting May 6Oil falls $5.50 […]
Major US indices close higher for the day and the week
The 3 major US stock indices closed higher today and this week. The gains were led by the NASDAQ on both measures. A summary of […]
What key earnings are on the calendar for the week starting May 6
Most of the large cap stocks have now announced their earnings with Apple being the latest. Nevertheless, the biggest one of all (at least in […]
Oil falls $5.50 on the week as a head-and-shoulders pattern forms
May is normally the strongest month for crude oil but it certainly hasn’t started out that way. WTI crude fell another 57-cents today to bring […]
Credit Agricole: Japan has succeeded in generating asymmetric risks around USD/JPY
Credit Agricole suggests that recent interventions by Japan’s Ministry of Finance (MoF) and Bank of Japan (BoJ) have successfully created asymmetric risks around the USD/JPY […]
Baker Hughes US oil rig count 499 vs 506 prior
I’m surprised to see oil rigs dropping despite higher recent oil prices but producers are showing discipline. That certainly adds some downside risks to year-end […]
AUDUSD runs higher after US jobs report but stalls at a key ceiling.What next technically?
The AUDUSD moved sharply higher after the US jobs report. The price rises took the pair above the 100 day MA at 0.6580, the 50% […]
Goldman Sachs still thinks a July rate cut is more likley
Goldman Sachs chief economist Jan Hatzius was on CNBC and said this: I’m pretty confident the wage trend is downIf we look at other indications […]
Japan fin min Suzuki: Rapid currency moves are undesirable as they would hurt households
If currency moves are excessive, we may need to smooth themDesirable for FX to move stably, high FX volatility undesirableCurrency rate is stet by markets, […]
Kickstart the FX trading day (post NFP) with a technical look at EURUSD, USDJPY, GBPUSD.
The sellers of the USD ahead of the US jobs report were rewarded with a big move to the downside in the major currency pairs. […]