Blogs

<p>Non-farm payrolls fell by a record 20.5 million in April Unemployment rate jumped to 14.7% but still understated joblessness Another 7 million Americans have filed for unemployment insurance since this survey This morning’s US employment numbers confirm what we already knew: April was a historically bad month for job losses. Non-farm payro

<p>The S&P 500 Futures remain bullish, lifted by reports which suggested that U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He will communicate on trade deal progress next week. Later today, the official U.S. Jobs Report for April will be released, and it is widely expected that the economy cut a record 21.653

<p>Notes/Observations Some risk-on appetite following US-China trade negotiators spoke by phone on Friday and vowed to continue to support the phase one trade deal (Note: 1st contact between the top officials since the agreement was signed in January) Lackluster EU session with UK markets closed for banking holiday Focus on upcoming US payrol

<p>NZDUSD is extending price action above the 100- and 50-period simple moving averages (SMAs) after recently finding some traction at the 200-period SMA. Moreover, the slight incline in the SMAs backs the recent improvement in the pair. Turning to the short-term oscillators, they are suggesting that the price may continue to advance for now.

<p>On Thursday, the XAU/USD exchange rate skyrocketed to the 1,720.00 level. During today’s morning, the rate was trading near the given mark. On the one hand, it is likely that some upside potential could continue to prevail in the market, and the price for gold could target the psychological level at 1,740.00. On the other […]

<p>Yesterday, the USD/JPY currency pair failed to surpass the 100-hour SMA near 106.50. During today&#8217;s morning, the pair was trading at 106.40. Note that the exchange rate remains under pressure of the 200-hour SMA near 106.60. Thus, some downside potential could prevail in the market, and the rate could target the lower line of the

<p>Yesterday, the GBP/USD exchange rate tested the support level formed by the monthly S1 at 1.2292. During Friday morning, the rate was testing the 100-hour SMA near 1.2400. On the one hand, the given moving average could push the currency pair down to the monthly S1. If the given support does not hold, the pair […]

<p>On Thursday, the EUR/USD currency pair raised to the resistance level formed by the 100-hour SMA and the weekly S1 at 1.0856. During today’s morning, the pair was testing the given resistance. Note that the exchange rate is supported by the 55-hour SMA near 1.0810. Thus, some upside potential could prevail in the market. Meanwhile, [

<p>The USD weakened against a number of its counterparts, ahead of the release of the US employment report for April during the American session today. The release is expected to show the grim picture of the US employment market, with the effect of a full month of lockdown measures imposed on the US economy in […]

<p>GBPUSD is in the process to creating an ascending triangle pattern with strong resistance the 1.2640 barrier and a rising trend line, which starts from the low on April 7. The pair rebounded on 1.2265 in the preceding sessions and is now flirting with the 20-period simple moving average (SMA) in the 4-hour chart. Turning […]