Another week of record breaking gains in the alt-coin space, while Ethereum (ETH) continues to print fresh highs and eats into Bitcoin’s (BTC) market dominance.
Archiv für den Monat: Mai 2021
Australian Dollar Outlook: AUD/USD May Rise on Dovish Fed Speak After Huge NFP Miss
The pro-risk Australian Dollar may extend gains after the record miss in US jobs data, amplifying dovish rhetoric from the Federal Reserve and keeping the Dow Jones and S&P 500 intact.
British Pound Forecast: UK GDP Report to Go Unnoticed as BoE Tapers QE
The UK GDP report may generate a limited reaction in GBP/USD as the Bank of England (BoE) slows the pace of its weekly asset purchases.
Dow and S&P close at record levels
Major indices all close higher
The final closing levels are showing:
For the trading week, the NASDAQ index declined while the Dow and S&P both rose.
The final closing levels are showing:
For the trading week, the NASDAQ index declined while the Dow and S&P both rose.
ForexLive Americas FX news wrap: Jobs miss sparks a wild ride
Forex news for New York trade on May 7, 2021:
Markets:
The non-farm payrolls report certainly made for an interesting trading day and the repercussions of the shockingly-soft report will continue to reverberate.
Markets:
The non-farm payrolls report certainly made for an interesting trading day and the repercussions of the shockingly-soft report will continue to reverberate.
CFTC commitments of traders: The loonie longs increased by 10K in the current week
Weekly forex futures positioning data from the CFTC for the week ending May 4, 2021
– EUR long 85K vs 81K long last week. Longs increased by 4K
– GBP long 20K vs 29K long last week. Longs trimmed by 9K
– EUR long 85K vs 81K long last week. Longs increased by 4K
– GBP long 20K vs 29K long last week. Longs trimmed by 9K
US dollar moves to new lows vs some of the major currencies as the day moves toward the close
New lows vs EUR, GBP, CHF
The USD is moving to new lows vs some of the major currencies. More specifically, the dollar is trading at new lows vs the EUR, GBP and CHF.
The USD is moving to new lows vs some of the major currencies. More specifically, the dollar is trading at new lows vs the EUR, GBP and CHF.
Major earnings releases next week
A number of newer issues will be reporting
next week as a number of newer issues reporting. Along with some old standbys including Marriott, Toyota, Wendy’s, Disney, and Honda.
next week as a number of newer issues reporting. Along with some old standbys including Marriott, Toyota, Wendy’s, Disney, and Honda.