GER30 Contained by Poor Data
The Index started the day on the front foot, as broader market sentiment seem to be in a good place, but poor factory orders from Germany weigh
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The Index started the day on the front foot, as broader market sentiment seem to be in a good place, but poor factory orders from Germany weigh
In this podcast, FXCM Senior Market Specialists, Nikos and Russell, discuss the NFP, participation rate, and unemployment rate. The two also look at the Fed pivot and what it means for the market. RBA and BoC statements are due for release this week, and Friday sees the CPI numbers. Join us for perspectives on these and more.
USA and Canada, both released their employment figures on Friday and despite stark contrast between the two reports and the ensuing volatility, the pair’s outlook is little changed
Particpation Rate Friday's headline NFP disappointed at 210K, missing the consensus of 553K by a large margin. However, of importance, the participation rate ticked up to 61.8%. The series represents the number of the labour force which are either employed or actively seeking employment. This is encouraging as the participation rate has been moving sideways since July 2020 and the upwards movement suggests less discouraged workers and more positivity amongst…
This has been volatile week, which ended with solid NFPs from the US, while Omicron developments, renewed hawkish commentary from the Fed, OPEC+ and corporate activity were in the spotlight
OPEC and allies decided not to diverge from their production plan and agreed yesterday to add 400K barrels/day on January, as they have been doing since August
The pair stays on the back foot as investors continue to monitor Omicron developments and await key US Jobs report later in the day
Fed Chair Powell offered hawkish remarks during yesterday’s Senate testimony and created volatility in the markets, with the pair being soft today
The XAUUSD daily chart is not trending despite the emergence of the omicron covid variant. The news shook risk markets on Friday, but gold's price action was not able to capitalise. As the risk-off sentiment took hold, bulls pushed gold's price up. However, at the apex, they lost control to the bears, and the price closed well off of Friday's high (aqua arrow). Moreover, we have added a triple moving…
The emergence of the new Omicron Covid strain lead to a big market sell-off on Friday as participants sought safe-havens. Join FXCM Senior Market Specialists, Russell and Nikos, as they discuss what this means for markets. The two also talk about this week's important calendar items, including Fed Chair Powell's testimony on Capitol Hill, the OPEC+ meeting on Thursday, the NFP release on Friday, and more.
Oil prices stage a rebound at the start of the week, following Friday’s collapse due to new of a new Covid-19 variant, called Omciron
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