Friday’s jobs report revealed the US economy lost 701k jobs in March, far exceeding the 100k expectation. The unemployment rate was similarly downbeat, up 4.4% vs. 3.5% the month prior.
Category: Recent
Friday 3rd April: Oil gives up gains; Asian markets lower
Global Markets: Asian Stock Markets : Nikkei up 0.01%, Shanghai Composite down 0.60%, Hang Seng down 0.51%, ASX down 1.68% Commodities : Gold at $1633.30 (-0.27%), Silver at $14.66 (+0.05%), Brent Oil at $31.15 (+4.04%), WTI Oil at $25.14 (-0.71%) Rates : US 10-year yield at 0.589, UK 10-year yield at 0.307, Germany 10-year yield … Continue reading Friday 3rd April: Oil gives up gains; Asian markets lower
Friday 3rd April: DXY Bid Dominates Ahead of NFP
Key risk events today: UK Final Services PMI; US Average Hourly Earnings m/m; US Non-Farm Employment; US Unemployment Rate; US ISM Non-Manufacturing PMI. (Previous analysis as well as outside sources – italics). EUR/USD: Although dipping briefly in response to the latest record weekly US claims figure soaring to 6.6 million, the buck quickly rebounded Thursday … Continue reading Friday 3rd April: DXY Bid Dominates Ahead of NFP
Thursday 2nd April: Asian Markets lower as US posts grim forecast of Corona deaths.
Global Markets: Asian Stock Markets : Nikkei down 1.37%, Shanghai Composite up 1.69%, Hang Seng up 0.29%, ASX down 1.98% Commodities : Gold at $1608.80 (+1.09%), Silver at $14.36 (+2.71%), Brent Oil at $27.29 (+10.31%), WTI Oil at $22.20 (+9.31%) Rates : US 10-year yield at 0.608, UK 10-year yield at 0.324, Germany 10-year yield … Continue reading Thursday 2nd April: Asian Markets lower as US posts grim forecast of Corona deaths.
Thursday 2nd April: US Dollar Index Struggles to Overthrow Daily Resistance at 99.62
The US dollar index is on track to net a solid start to Q2, though is currently trading off best levels ahead of 100.00 in wake of the final Markit manufacturing PMI for March and ISM surveys.