The US Dollar is moving higher after a blowout NFP report bolstered confidence in the US economic recovery. Markets will now turn attention to next week’s US inflation data which could boost the Gr…
Canadian Dollar Forecast: Loonie Awaits BoC Guidance on QE Pace
The Canadian Dollar could extend its recent stretch of gains considering potential that the Bank of Canada might signal QE tapering along with its scheduled interest rate decision due this week.
GBP Weekly Forecast: GBP/USD, GBP/JPY Struggling to Undo Change in Momentum
The British Pound continues to face downside pressure as corrective trades continue
ForexLive Americas FX wrap: Strong jobs report sparks a wild ride
Forex news for New York trade on March 5, 2021:
Markets:
– US 10-year yields down 4 bps to 1.55%
– Gold up $1 to $1698
– WTI crude up $2.44 to $66.27
– S&P 500 up 73 points to 3841
Non-farm payrolls delivered yet another whipsaw to short-term traders. It’s clear that the playbook going in was to sell risk,
Markets:
– US 10-year yields down 4 bps to 1.55%
– Gold up $1 to $1698
– WTI crude up $2.44 to $66.27
– S&P 500 up 73 points to 3841
Non-farm payrolls delivered yet another whipsaw to short-term traders. It’s clear that the playbook going in was to sell risk,
Major indices have another wild ride in trading today
Major indices close near highs for the day
The major indices are all closing higher and near their session highs after earlier falls were erased.
The major indices are all closing higher and near their session highs after earlier falls were erased.
CFTC Commitments of Traders: EUR long position trimmed. GBP longs is the largest since April 2018
Weekly forex futures positioning data for the CFTC for the week ending Tuesday, March 2, 2021
Highlights:
Highlights:
Fed’s Bostic: Monetary stance is appropriate
Comments from the Atlanta Fed President:
There’s no hint of doing anything differently.
There’s no hint of doing anything differently.
US January consumer credit -$1.31B vs +$12.0B expected
US consumer credit outstanding for January 2021
It’s rare to see credit tighten but revolving credit (which is credit cards) likely fell as people used stimulus payments to pay off credit card bills.
It’s rare to see credit tighten but revolving credit (which is credit cards) likely fell as people used stimulus payments to pay off credit card bills.
Touristik: Ferienfluggesellschaft Condor braucht erneut Geld
Die Finanzhilfe ist wohl weitgehend aufgebraucht, das Ostergeschäft fällt aus. Darum führt Condor nun Gespräche mit der Politik und Investoren.Angriff auf Luftfahrt-IT-Dienstleister Sita: Vielflieger-Daten gehackt: Lufthansa und Partner betroffen
Hacker haben Daten von rund 1,35 Millionen Kunden des Lufthansa-Vielfliegerprogramms „Miles and More“ erbeutet. Passwörter oder E-Mail-Adressen seien nicht betroffen.