FXTM Forex Market News

2021-05-10 20:53:44 Pound bulls dominated the scene on Monday as investors welcomed an easing political risk for the United Kingdom.



The falling likelihood of a second Scottish independence referendum in the near term following last week’s election boosted buying sentiment towards Sterling. A broadly weaker dollar also played a role in propelling the GBPUSD to its highest level since February 25th.



With Covid-19 cases falling, two-thirds of UK adults receiving a first dose of the vaccine and the next phase of lockdown easing scheduled on May 17th, the economic outlook for the post-pandemic UK... Read More (https://www.forextime.com/market-analysis/technical-outlook-gbpusd-surges-above-141) Open / Comment

2021-05-10 20:53:44 Open / Comment

2021-05-10 20:53:44 Technical Outlook: GBPUSD Surges Above 1.41
https://www.forextime.com/market-analysis/technical-outlook-gbpusd-surges-above-141 Open / Comment

2021-05-10 12:47:05 Last Friday, investors across the world were cautiously monitoring the US nonfarm payrolls report, as many market participants were anticipating a seven-digit job gain.  Unfortunately, they got a negative shock as US employers hired a quarter of the expected figure, with the headline of only 266,000 in April.

Over the past several weeks, a lot of economic data has surprised to the upside, including figures on consumer spending, business and consumer confidence, the housing market and manufacturing and services activity. That had led some economists to anticipate far more than a one... Read More (https://www.forextime.com/market-analysis/risk-assets-resume-their-rise-dollar-suffers-following-payrolls-miss) Open / Comment

2021-05-10 12:47:05 Open / Comment

2021-05-10 12:47:05 Risk assets resume their rise as dollar suffers following payrolls miss
https://www.forextime.com/market-analysis/risk-assets-resume-their-rise-dollar-suffers-following-payrolls-miss Open / Comment

2021-05-10 06:47:44 So much for that blockbuster US jobs report last Friday.

The April nonfarm payrolls came in at an utterly disappointing 266,000 instead of the one million figure that was expected. Yet US stocks merely shrugged off the jaw-dropping figures to climb higher, with both the S&P 500 and the Dow Jones Industrial Average posting their respective record highs on Friday.

Even Big Tech got in on the act, with the Nasdaq 100 climbing for a second straight day to move to within 2.3% of its highest ever closing price that was set on 16 April.



The futures contracts for all three major US... Read More (https://www.forextime.com/market-analysis/key-events-week-inflation-all-rage) Open / Comment

2021-05-10 06:47:44 Open / Comment

2021-05-10 06:47:43 Key events this week: Inflation all the rage?
https://www.forextime.com/market-analysis/key-events-week-inflation-all-rage Open / Comment

2021-05-07 20:42:21 May kicked off on a cautious note as investors braced for a week jam-packed with speeches from central bank officials and the highly anticipated US jobs report.

After a challenging month in April, we questioned whether the dollar could recover? Given its negative performance against G10 currencies this week, bulls certainly have a very steep hill to climb to reclaim back some control.



In our technical outlook, yen crosses were under the spotlight. Military tensions between China and Taiwan sparked risk aversion and boosted appetite for safe-haven currencies including... Read More (https://www.forextime.com/market-analysis/week-review-dollar-crumbles-gold-glitters-nfp-massively-disappoints) Open / Comment