FTSE 100, DAX 40 and S&P 500 are Taking a Hit Amid Strong US ADP Jobs Data
Outlook on FTSE 100, DAX 40 and S&P 500 ahead of Friday’s Non-Farm Payrolls.
GBP/USD Price Forecast: Pound Anxiously Eyes NFP Data
GBP/USD dismisses UK Halifax housing data as markets focus solely on the upcoming US NFP release.
Gold (XAU/USD) Prices at Risk of Freefall Heading Into NFP Day
Spot Gold continued to probe the psychological $1900/oz level yesterday after red-hot US data. Will the NFP report provide the catalyst for a sustained break lower?
Crude Oil Holds the High Ground as US Jobs Data Lights Up. Higher WTI?
The crude oil price is scoping new highs as inventories drop and the US economy continues to track along at a clip with jobs data prompting a potentially more hawkish…
Japanese Yen Aided by Jump in Japan Wages: USD/JPY, EUR/JPY, AUD/JPY Price Setups
The Japanese yen found some bids after Japanese wages rose significantly more than expected, lowering the hurdle for the Bank of Japan to tweak its ultra-loose monetary policy. What is…
Asia Day Ahead: US Data Calls for Hawkish Bias in Fed’s Policy
Resilient labour market conditions and persistent services sector’s prices were not well-received by Wall Street yesterday, as the data called for a hawkish bias in Fed’s policies.
Gold and Silver Price Forecast: XAU/USD, XAG/USD May Fall Amid Bullish Retail Traders
Gold and silver prices have been in a downtrend since May and retail traders have responded by increasing upside exposure. Is this a sign that more pain is ahead for…
Gold Prices on Downward Path and Probing Key Support Level Before US Jobs Data
Gold prices fall and approach an important Fibonacci support zone as U.S. Treasury yields rally violently following strong U.S. economic data. Attention now turns to the June NFP report.
Germany 40 IG Client Sentiment: Our data shows traders are now net-long Germany 40 for the first time since Oct 25, 2022 when Germany 40 traded near 12,993.90.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bearish contrarian trading bias.
US Stocks Sink as Yields Soar, S&P 500 Carves Out Bearish Double-Top Pattern
The S&P 500 falls as U.S. Treasury yields soar above their March high following better-than-expected U.S. economic reports, including private sector payrolls and ISM non-manufacturing data.