Events to Look Out for Next Week

Retail Sales (AUD, GMT 01:30) – Following the unexpected bounce in the preliminary release, the final March retail sales is expected to hold at 1.4% m/m. Tuesday – 11 May 2021 Consumer Price Index (CNY, GMT 01:30) – The Chinese CPI for April is forecasted […]

NFP – Live Analysis

For today’s key NonFarm Payroll data release, 980,000 remains consensus. Weekly unemployment claims yesterday finally broke below the 500,000 level for a post pandemic low but the private ADP payrolls on Wednesday missed expectations of 872,000 to register 724,000 new jobs for April. Will NFP […]

Ethereum – ¡ Estamos RUMBO a los 4000 !

¿ Que tal están Traders ? Espero que estén controlando el Riesgo de sus cuentas correctamente. Hoy queremos aproximarnos otra vez a la criptomoneda Ethereum, como proyección a los 4000, exactamente coincidente con nuestro nivel 423,6% de la extensión de Fibonacci… Vaya subidón que llevamos […]

Greenback and Loonie on backfoot ahead of Labour data

The April nonfarm payroll estimates vary from 850k to 978k, though market estimates are skewed to the high side of the forecasts likely due to big declines in initial claims through the month, and big increases in both consumer confidence and producer sentiment. Yet, that […]

Market Update – May 7 – USD weaker ahead of NFP

Market News Today – USD moves lower, (USDIndex down (0.45%) to 90.80 earlier), EUR and Sterling both bid. Equities all closed higher (new ATH for USA30, USA500 +0.82%) Financials biggest gainers. Commodities tear continues GOLD breaks $1820. 10-yr Yields slip with USD to 1.568%. Asian […]

Chart of the Day – XAUUSD Gold- (May 6th, , 2021)

Gold broke the 1800 level resistance today, and while above the 1800 level the risk is for a move back to the 200dma. The double bottom pattern will target the 1838 level first, but since the daily RSI is nowhere near overbought the 200dma and […]

Weekly Claims breach the significant 500,000 level

EURUSD, H1 US initial jobless claims dropped -92,000 to 498,000 in the week ended May 1, more than expected and posting another new post-covid low, after sliding -13,000 to 590,000 (was 553,000) previously. Just before the US economy closed last year, claims were at 256,000 […]

Adidas: Q1 2021 Earnings Preview  

This Friday (7th May 2021), Adidas AG (#adidas) – the largest sportswear manufacturer in Europe and the second largest in the world – will release its earnings report for the first quarter in 2021. Following the launch of its “Creating the New” strategy in March […]

Live market analysis: BoE No Change but with a dissenter

Join us below for a live commentary on the BoE rate decision and monetary policy report as warnings that inflation pressures may not be transitory are getting louder. The BoE left the repo rate unchanged at 0.10% and the QE total unaltered, as had been […]

May 6, 2021 Fidelity, Moderna and Regeneron Report

Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and capital market firms worldwide. The company is dedicated to upgrade the way the globe and banks pay and invest by applying their benchmarks, deep expertise, […]