FXTM Forex Market News

2021-05-07 20:42:21 Open / Comment

2021-05-07 20:42:20 Week In Review: Dollar Crumbles, Gold Glitters, NFP Massively Disappoints
https://www.forextime.com/market-analysis/week-review-dollar-crumbles-gold-glitters-nfp-massively-disappoints Open / Comment

2021-05-07 07:24:30 Asian markets are climbing on the back of Thursday’s gains for US benchmark indices, following fresh signs that the US economy is healing from the wounds inflicted by the pandemic.

The S&P 500 is now just 0.23% away from its record high, while the Dow Jones Industrial Average posted a fresh record high. The Nasdaq 100 ended a 4-day losing streak, though remains about 3% lower from its highest ever closing price recorded on 16 April.


At the time of writing, the futures contracts are pointing to further gains for US and European stocks before the weekend.


Nonfarm payrolls to... Read More (https://www.forextime.com/market-analysis/us-stocks-climb-jobs-optimism) Open / Comment

2021-05-07 07:24:29 Open / Comment

2021-05-07 07:24:29 US stocks to climb on jobs optimism
https://www.forextime.com/market-analysis/us-stocks-climb-jobs-optimism Open / Comment

2021-05-06 21:19:28 Sterling was injected with a burst of volatility on Thursday after the BoE announced they will reduce the pace of weekly asset purchases to £3.4 billion from the previous rate of £4.4 billion.



As widely expected, the central bank voted unanimously to leave interest rates unchanged at their current record low of 0.1%.



Falling Covid-19 cases, the rapid progress in vaccine rollouts, easing lockdown restrictions, and improving domestic conditions have brightened the UK’s economic outlook. Reflecting these positive developments, GDP is forecast to expand sharply in the second quarter... Read More (https://www.forextime.com/market-analysis/technical-outlook-sterling-whipsaws-boe-rate-decision) Open / Comment

2021-05-06 21:19:27 Open / Comment

2021-05-06 21:19:27 Sterling Whipsaws On BoE Rate Decision
https://www.forextime.com/market-analysis/technical-outlook-sterling-whipsaws-boe-rate-decision Open / Comment

2021-05-06 11:19:51 US equity futures are struggling for direction this morning after a late tech selloff yesterday sent the Nasdaq lower for a fourth consecutive session. But the Dow Jones Industrial Average managed to advance to a new record high with the support of cyclical industries. European markets are also set for a subdued open following a mixed Asia session which saw Japanese stocks outperforming on their return from holiday, while shares in China and Australia dropped after Beijing announced a suspension of regular economic dialogue with Canberra.

US bond yields are back under pressure with 10-year... Read More (https://www.forextime.com/market-analysis/investors-awaiting-us-jobs-report-making-next-move) Open / Comment

2021-05-06 11:19:51 Open / Comment