Friday’s jobs report revealed the US economy lost 701k jobs in March, far exceeding the 100k expectation. The unemployment rate was similarly downbeat, up 4.4% vs. 3.5% the month prior.
05
Apr
2020
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03
Apr
2020
Friday 3rd April: DXY Bid Dominates Ahead of NFP
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Key risk events today: UK Final Services PMI; US Average Hourly Earnings m/m; US Non-Farm Employment; US Unemployment Rate; US ISM Non-Manufacturing PMI. (Previous analysis as well as outside sources – italics). EUR/USD: Although dipping briefly in response to the latest record weekly US claims figure soaring to 6.6 million, the buck quickly rebounded Thursday … Continue reading Friday 3rd April: DXY Bid Dominates Ahead of NFP
02
Apr
2020
Australian Daylight Savings: Updated Trading Schedule 2020
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Dear Trader,
Please find our updated Trading schedule as Australia will end Daylight Savings Time on Sunday, 5th April, 2020.
02
Apr
2020
Thursday 2nd April: US Dollar Index Struggles to Overthrow Daily Resistance at 99.62
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The US dollar index is on track to net a solid start to Q2, though is currently trading off best levels ahead of 100.00 in wake of the final Markit manufacturing PMI for March and ISM surveys.
01
Apr
2020
Wednesday 1st April: Greenback Running Out of Steam Ahead of 100.00
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The US dollar index failed to glean much impetus from better-than-expected Chicago PMI or US consumer confidence (dropped to 120 in March from 132.6 in February despite stronger-than-expected reading) measures Tuesday, after topping a shade under the 100.00 handle.