Despite Friday’s disappointing U.S. jobs numbers, the dollar will continue to rein supreme assuming the Federal Reserve looks on course to raise rates before year-end, analysts say. “We saw this last year, when U.S. first quarter gross domestic product (GDP) disappointed,” DBS (Singapore Exchange: DBSM-SG) senior currency strategist Philip Wee told CNBC. “So, we had Read More
News
But forward-looking forecasts for the U.S. economy are broadly upbeat: GDP growth is projected to accelerate from 2.2 percent in the fourth quarter to 2.4 percent the first-quarter and then 3 percent in the second and third quarters, according to the Thomson Reuters’ economist forecasts. “March’s job numbers were disappointing, but you Read More
By Lisa Twaronite TOKYO (Reuters) – Asian shares rose and the dollar steadied but remained under pressure on Monday, after a dismal U.S. jobs report led investors to pare bets the U.S. Federal Reserve would hike interest rates anytime soon. Major European markets were closed from Friday to Monday for the Easter holiday, reopening on Read More
DailyFX.com – To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11858, 11679, 11534 Resistance:12066, 12177, 12356 The Dow Jones FXCM US Dollar Index declined as expected after putting in a bearish Evening Star candlestick pattern. Near-term support is Read More
* Weekly U.S. jobless claims fall unexpectedly, labor market solid * U.S. trade deficit fell in February to lowest since Oct. 2009 * Friday’s U.S. nonfarm payrolls next key test for dollar * ECB says it will “remain firm” on implementing QE program (Recasts, adds fresh comment, updates prices, changes byline) By Gertrude Chavez-Dreyfuss NEW Read More
NEW YORK: US Treasuries prices rallied, the US dollar fell and stock index futures fell on Friday after weaker-than-expected March US jobs data. US Labor Department data showed employers added just 126,000 jobs in March, the smallest monthly increase in more than a year. The figure Read More
Fundamental Forecast for Dollar:Bearish Holiday liquidity may have curbed the impact of a wide miss in last week’s NFPs An intensified sensitivity to FOMC timing will gnaw at speculative long Dollar exposure Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A’s, trading signals and much more! There is little doubt Read More
(Updates prices to close) * U.S. nonfarm payrolls disappoint * U.S. stock futures suggest weak Monday open * Bonds rally in shortened session * Dollar rangebound in Easter holiday-thinned trade By David Gaffen NEW YORK, April 3 (Reuters) – U.S. Treasuries prices rallied, the U.S. dollar fell and stock index futures fell on Friday after Read More
By David Gaffen NEW YORK (Reuters) – U.S. Treasuries prices rallied, the U.S. dollar fell and stock index futures fell on Friday after weaker-than-expected March U.S. jobs data. U.S. Labor Department data showed employers added just 126,000 jobs in March, the smallest monthly increase in more than a year. The figure was well below forecasts Read More
U.S. equity-index futures dropped with the dollar amid signs economic growth is slowing before payrolls data on Friday. Emerging-market stocks climbed to a one-month high, while oil declined as Iran and world powers extended nuclear talks. Standard & Poor’s 500 Index futures fell 0.2 percent at 8:10 a.m. in New York, while the Stoxx Europe Read More