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Risk-On Sentiment Regains Control as Data Downplays Severity of Tariff Shock
Global risk sentiment continued to improve last week, with major equity indices staging robust rallies as investor anxiety over the fallout from tariffs eased. The solid US non-farm payroll data was a key turning point, reassuring markets that the early economic impact of the trade shock was not as damaging as initially feared. Added to
Bullish momentum, buyers don’t give up
AUD/NZD was seen around the upper end of its daily range on Friday. The pair maintains a bullish outlook supported by short-term trend signals. Technicals show mixed bias across indicators, with resistance seen above and long-term averages still pressuring. AUD/NZD is displaying upward momentum ahead on Friday’s session, trading near the top of its daily
Forexlive Americas FX news wrap: US jobs continue to support solid employment
Markets: Gold down $4.80 or -0.15% at $3234.11 WTI crude oil down $0.74 or -1.29% at $58.50 In the US stock market, the S&P closed higher for the ninth consecutive day. For the trading day: Dow industrial average rose 564 points or 1.39% at 41317.43 S&P index rose 82.54 points or 1.47% at 5686.65. NASDAQ
Markets weekly outlook – Central Banks in focus as risk appetite improves
The upcoming week will be a bit quieter but still busy nonetheless. Asia Pacific markets get a slight break while the market will shift focus to high impact data from the US and UK in particular with tariff developments still being monitored closely. Asia Pacific Markets China’s April trade data, due Friday, will reveal the
Dow Jones soars 600 points as NFP data calms recession fears, weekly gains top 3%
April Nonfarm Payrolls beat consensus at 177K; Unemployment Rate steady at 4.2%, easing recession concerns. Trump pressures Fed to cut rates despite upbeat data; CBOT shows 88 bps of easing priced in. Apple and Amazon fall on China sales miss and cloud growth slowdown despite beating EPS forecasts. The Dow Jones Industrial Average (DJIA) rallied
Canada's Carney to pick cabinet May 12
Will name cabinet May 12 Parliament to return May 26 Will deliver Throne Speech May 27 Typically, Parliament has returned around 45 days after an election though in 2008 and 2011 it returned after 35 and 31 days, respectively. This is a relatively quick turnaround by Canadian standards. This article was written by Adam Button
Markets Cheer Solid NFP, Tariff Fallout Appears Milder Than Feared
Risk assets are rallying to end the week as investors take comfort in the stronger-than-expected US non-farm payroll report. The data helped to offset recession concerns after surprise Q1 GDP contraction. While the GDP miss raised alarms, it was largely attributed to a surge in imports ahead of the April tariff changes, rather than a
Euro breaks slide as eurozone core CPI climbs, US nonfarm payrolls beats forecast
Eurozone inflation for April was a surprise on the upside. Headline CPI remained steady at 2.2% y/y, edging above the market estimate of 2.1%. Lower energy prices were offset by a rise in service inflation and food prices. Monthly, CPI was also unchanged at 0.6%, above the forecast of 0.4%. Core CPI, which excludes food
Nonfarm Payrolls rise by 177,000 in April vs. 130,000 expected
Nonfarm Payrolls (NFP) in the United States (US) rose by 177,000 in April, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 185,000 increase (revised from 228,000) reported in March and came in better than the analysts’ estimate of 130,000. Follow our live coverage here Other details of the employment
XAU/USD: Elliott wave analysis and forecast for 02.05.25 – 09.05.25
2025.05.02 2025.05.02 XAU/USD: Elliott Wave Analysis and Forecast for 02.05.25 – 09.05.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 2955.00 with a target of 3800.00 – 4200.00. A buy signal: the price holds above 2955.00. Stop Loss: below 2920.00, Take Profit: