Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
NFP Dissapoints – Risk Off Gains Momentum
2020-10-05 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAG/USD: Silver during the last hours is trying to move higher and continues to stand a bit 23.6% retracement area.
US Market View
Very muted market reaction after NFP. However, given the margin of error some of the recent prints have seen (in relation to consensus estimates), this can be considered a rather "in-line" release. The U.S. labor market's recovery weakened in September, with the economy adding only 661,000 new nonfarm jobs through the middle of the month, less than half of what it created in the month through mid-August.
US Key Point
- Fed's Harker: Will accept periods of above 2% inflation after long periods of sub-2%
- Madrid and nine nearby cities to enter partial lockdown today
- EURUSD defines the range. Moves a little lower after the jobs report.
Similar
How to Trade on FOMC Press Conference?
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
Stock Market Drops. Will Correction Continues?
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Latest news
Indices and Stocks in the Red
The stock market has reversed, and now it’s going lower and lower…
Walmart earnings outlook
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is at 2%, but what about a weaker Yen?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
