The headline payrolls change number out of the US handily beat expectations, but other aspects of the June jobs and earnings numbers were mixed to weak, so this was not the blowout report some might have been hoping for. The numbers will not lead to any new spike in US...
WCU: Surging energy and grain prices hogging the spotlight
Commodities continued to shrug of the mid-June FOMC hawkish shock with the Bloomberg Commodity Index heading for its best week in two months. Driven by surging grains following a weaker than expected US acreage report, tightness in the EU gas market sending prices sharply higher and energy market looking to...
GBPNZD Broke below support, potential for further drop | 2 July
GBPNZD Broke below ascending trendline support, now resistance. A further drop below 50% Fibonacci retracement at 1.97756 towards graphical swing low and -27.20% Fibonacci retracement level at 1.96714 could be possible. Stochastic is testing resistance as well where price dropped lower in the past. Any opinions, news, research, analyses, prices,...
How to trade the nonfarm payroll report
As one of the key economic health indicators for the United States, the nonfarm payroll (NFP) is intended to represent the total number of paid workers in the U.S. excluding farm employees, government employees, private household employees and employees of nonprofit organisations. How does it impact the FX market? As...
Is 3D printing technology finally ready to take off?
Today we are launching our 17th equity theme basket focusing on the 3D printing industry that has experienced so many false starts. But is the industry finally ready to take off?3D printing was a hot and exciting topic back in the years 2010 and 2013 with high expectations that 3D...
Podcast: Today the last best chance to avoid the summer doldrums?
Today we look at the huge quarter-end effect visible in the Fed's reverse repo facility, which plunged some $250 billion yesterday, though with no real treasury volatility during yesterday's session. On that note, we wonder if today's US jobs report is the last best chance to avoid the summer doldrums...
EURAUD Facing bullish pressure | 2 July 2021
EURAUD Facing bullish pressure above ascending trendline support and also graphical overlap support where we have 38.2% Fibonacci retracement. A short-term intraday bounce above our entry at 1.58516 towards -27.2% Fibonacci retracement at 1.59000 could be possible. Technical indicators are showing room for further bullish momentum as well. Prices are...
Market Quick Take – July 2 2021
Diverging fortunes for US equities yesterday, as value stocks and the broader index posted a strong session, while tech and momentum names were sideways. Overnight, most markets traded sideways to slightly higher, with the notable exception of China, which suffered a very weak session. Today the market is anticipating the...
Delta variant to bring out the doves?
With lockdowns back on in Australia, as low vaccine penetration and the delta coronavirus variant present an unwelcome cocktail, will anything be changing in light of the RBA set to review changes to its bond program July 6.As the economy continued to track a “better than forecast trajectory we previously...
Important message: Issue with displaying account balances resolved
A technical issue causing incorrect account balances to be displayed for some clients has now been resolved. The issue affected clients expecting USD income or debits from June 30th, causing significant discrepancies in the displayed account values on July 1st. The issue has been resolved and the values have been...