It’s a big day in financial markets as we get non-farm payrolls at 8:30 am ET followed by the ISM services report 90 minutes later. […]
S&P 500 E-mini futures technical analysis
The S&P 500 has been consolidating around the 5000-5100 range for more than two weeks now with the market awaiting the key US data as […]
Federal Reserve Holds Interest Rates
The recent decision by the Federal Open Market Committee (FOMC) to keep interest rates steady has ignited a wave of speculation in financial markets. Federal […]
Eurozone March unemployment rate 6.5% vs 6.5% expected
Prior 6.5% No change to the jobless rate as the euro area labour market continues to hold up in light of the economic slowdown since […]
German engineering orders see stronger decline in March
The manufacturing order books in Germany saw a deepening decline in March, as orders fell by 17% year-on-year in real terms. Domestic orders fell by […]
USD/CAD Outlook: BoC Governor’s Remarks Lift Canadian Dollar
The BoC might wait on a clearer Fed policy outlook to avoid a big divergence. Canada recorded a surprise trade deficit of C$ 2.28 billion […]
It’s going to a be a dull market until the US NFP and ISM Services PMI
There’s no market moving data in the European session (unless we get a big jump in the Eurozone unemployment rate). For this reason, we will […]
Eurostoxx futures +0.3% in early European trading
German DAX futures +0.3%UK FTSE futures +0.2% This mirrors the mood in US futures, with S&P 500 futures up 0.25% currently. All eyes are on […]
A couple of light releases to move things along in the session ahead
The push and pull continues in the dollar this week but it is leaning slightly softer now after easing lower yesterday. AUD/USD in particular looks […]
Japan looks to wear out the resolve of USD/JPY dip buyers before the weekend
After the second round of yen-tervention this week, the pair caught a modest bounce from 153.00 to 156.00 yesterday. All that before a turn right […]