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<p>Key Highlights USD/JPY started a strong increase and broke a major hurdle at 108.00. There was a break above a key bearish trend line at 107.85 on the 4-hours chart. The US Initial Jobless Claims in the week ending May 30, 2020 declined from 2126K to 1877K. The US nonfarm payrolls are likely to decrease […]

<p>STOCKS Asian indices seem to trade cautious ahead of the US Non-Farm payroll data release today. Broadly from the charts the equity segment looks vulnerable now for a corrective fall within their overall uptrend. However, any sell-off triggered by the US NFP data release today could be short-lived as the massive stimulus support from the [

<p>Having set new records on the bleep test earlier this week, equity markets, in particular, appear to be taking a longer cardiovascular recovery today. The consolidative price action of recent gains continuing overnight. Asia continues taking an extended active recovery, ahead of the US Non-Farm Payrolls data and the coming weekend. Equitie

<p>Yesterday, spot gold showed resilience after posting the largest daily decline in a month on Wednesday. Despite a stronger-than-expected U.S. ADP private jobs report for May and a steady decline in initial jobless claims, the precious metal was lifted by the European Central Bank’s decision to expand its pandemic emergency purchase p

<p>On Thursday, U.S. stocks lacked upward momentum as seen in prior sessions. The Dow Jones Industrial Average edged up 12 points to 26281, while the S&P 500 slipped 10 points (-0.3%) to 3112. The Nasdaq 100 marked a record intraday high of 9742 before closing at 9629 (down 75 points or -0.8%). Banks (+3.38%), Insurance […]

<p>The US Dollar was bearish against most of its major pairs on Thursday with the exception of the CAD and JPY. On the economic data front, the Trade Deficit increased to 49.4 billion dollars on month in April (as expected), from a revised 42.3 billion dollars in March. Initial Jobless Claims fell to 1,877K for […]

South Africa Gross $Gold & Forex Reserve fell from previous $53.003B to $52.769B in May

South Africa Net $Gold & Forex Reserve climbed from previous $45.47B to $45.531B in May

more to come … About German Factory Orders The Factory orders released by the Deutsche Bundesbank is an indicator that includes shipments, inventori

Germany Factory Orders n.s.a. (YoY) came in at -36.6%, below expectations (-7.4%) in April