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April 21, 2024 04:00 AM
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S&P 500 Forecast: SPX jumps after a weaker NFP report & Apple results
US stocks are pointing to a stronger open after weaker than expected non-farm payroll report which has seen the market bring forward Fed rate cuts and after Apple's results. Apple announced a $110 million share buyback, the largest in US history. Attention turns to US services PMI data which is due to report shortly.
EURUSD Watch: NFP Results vs ISM PMI Services
NFP results drop, ISM PMI Services coming up
Crude oil analysis: Brent aims to find a low after sharp drop
War risk premium fades but OPEC+ cuts and reduced fears about Eurozone economy keep oil prices supported. Brent oil technical analysis suggest prices are now at key support zone.
Trade ideas
GBP/USD, Oil Forecast: Two trades to watch
Today 07:49 AM
USD/JPY, USD/CAD, AUD/USD key levels into Nonfarm Payrolls (NFP)
Today 07:01 AM
USD/JPY: Toppy US bond yields, BOJ intervention threat mean the game has changed
Today 01:00 AM
S&P 500 analysis: Apple earnings and NFP in focus after Fed’s mixed signals
Yesterday 04:00 PM
Crude Oil Analysis: USOIL and Saudi Aramco Base Oil Test Significant Lows
Yesterday 01:18 PM
GBP/USD, Oil Forecast: Two trades to watch
GBP/USD inches higher ahead of the non-farm payroll report. Oil rises but is set for worst weekly loss in 3-month
USD/JPY, USD/CAD, AUD/USD key levels into Nonfarm Payrolls (NFP)
The US dollar fell for a second day after the Fed closed the door on any further hikes. And that places today’s nonfarm payroll report (NFP) into focus. But given NFP’s tendency to beat estimates in recent history, perhaps the US dollar could be setting itself up for a bounce. We take a look at key levels for US dollar index, USD/JPY, USD/CAD and AUD/USD.
GBP/AUD in the crossfire of BOE and RBA meetings: The Week Ahead
As currency traders we seek divergent themes between economies in identify probable moves on currency pairs. And should we see the RBA deliver a hawkish tone whilst the BOE release the doves, it could send GBP/AUD lower alongside the respective yield differential between the two economies.
USD/JPY: Toppy US bond yields, BOJ intervention threat mean the game has changed
The suspected intervention from the BOJ this week has changed the game for USD/JPY, placing a rather large barrier in the way of further upside at a time when US bond yields were already looking toppy.
S&P 500 analysis: Apple earnings and NFP in focus after Fed’s mixed signals
S&P 500 analysis: Investors interpret Fed as slightly less hawkish than expected, but macro concerns remain. Attention turns to Apple, expected yo report a 10% decline in iPhone sales, before Friday's release of NFP and ISM services PMI.
NFP Preview: US Dollar Bounce Potential if Jobs Remain Strong
The US dollar is testing support and the NFP leading indicators point to a slightly above expectation reading this month, with headline job growth potentially coming in somewhere in the 200-250K range
Nasdaq 100 Forecast: QQQ rises post-Fed, Apple reports after the close
US stocks are set to open higher as the market digests the latest Federal Reserve meeting and looks ahead to tomorrow's non-far payroll report. The Fed left rates on hold and calmed worries of a rate hike. However, Fed chair Powell also warned that rates would stay high for longer. Apple is due to report after the close amid concerns over iPhone sales and China.
Crude Oil Analysis: USOIL and Saudi Aramco Base Oil Test Significant Lows
WTI Crude Oil prices are on edge as anticipation mounts ahead of June's pivotal OPEC meeting
Gold and silver analysis: XAG/USD nears major support
Precious metals have been hit by profit-taking, strong USD and reduced rate cut bets in recent weeks. However both gold and silver remain in dip-buying mode, with prices no longer extremely overbought. Silver technical analysis suggests that XAG/USD could rebound from breakout area circa $25/$26 zone.
EUR/USD, USD/JPY Forecast: Two trades to watch
EUR/USD is rising post-Fed on USD weakness. USD/JPY steadies after another suspected intervention.
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