It has been a quiet day in the markets with subdued volumes and small changes: in America US30 ticked down 0.03% while both US500 & US100 lost around 0.1% and volumes have been 15% lower than the 30-day average. But European indices and other asset calls such as metals also showed a lot of indecision,
The ranges from the survey are useful to be aware of for such high-profile data. When the actual results fall outside the range of estimates the market impact can be outsized. I posted earlier in the week the range of estimates for the ADP data, which then came in well below. The market response was
Gold and Silver: Near-Term Technical Update Gold and silver prices take a breather from losses This is allowing support levels to be reinforced What are key levels to watch in the event of breakouts? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast XAU/USD Analysis In recent days, gold and silver prices have pressed the
GBP PRICE, CHARTS AND ANALYSIS: Read More: Bitcoin Technical Outlook: Price Action Remains Choppy Heading into Q4 GBP has arrested its slump with a midweek recovery largely thanks to a recovery in overall risk sentiment. Cable has been the bigger beneficiary as the improving risk sentiment has seen the Dollar Index and US Treasury Yield
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In recent days, Goldman Sachs has been closely observing the erratic behavior of the currency pair, which has been characterized by abrupt fluctuations. The Japanese Yen (JPY) has been steadily depreciating against the US Dollar (USD) since the end of July, a trend that took a sudden turn on Tuesday when the pair spiked near
Share: EUR/USD struggles to gain any meaningful traction on Friday and oscillates in a narrow band. The technical setup seems tilted in favour of bears and supports prospects for further decline. Traders now await the release of the key US NFP report before placing fresh directional bets. The EUR/USD pair is seen oscillating
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US NFP REPORT KEY POINTS: The U.S. economy is forecast to have created 170,000 jobs in September. The unemployment rate is seen ticking down to 3.7% from 3.8% previously, signaling persistent labor market tightness. A strong NFP report will be positive for U.S. yields and the U.S. dollar, and bearish for gold and stocks. Most
Kazuo Momma is a recent ex-Bank of Japan official, was the executive director in charge of monetary policy, and is now a senior economist at Mizuho Research & Technologies. He says Bank of Japan board members will likely discuss whether to tweak forward guidance along with the yield curve control mechanism when they meet next,
