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Forexlive americas fx news wrap: non-farm payrolls beat estimates but unemployment rises

US May non-farm payrolls +339K vs +190K expectedFitch says will resolve US negative ratings watch in Q3...

June 2, 2023, 8:29 pm

Us yields trade to new highs after fitch comments

The US yields are moving to new highs after the comments from Fitch that the US would remain on negative ...

June 2, 2023, 5:00 pm

Gold price weekly forecast: recovery to face some hurdles before $2,000

Gold needs to break $1,980/85 to clear the way towards $2,000. Gold prices ended a three-week negative ...

June 2, 2023, 4:59 pm

Fitch says will resolve us negative ratings watch in q3

Fitch is out with something of an ominous warning on the US credit rating.Fitch Ratings affirmed that the United States’ ‘AAA’ credit rating wil...

June 2, 2023, 4:24 pm

Eur/usd faces some downside pressure near 1.0750 post-payrolls

EUR/USD now reverses initial gains and revisits 1.0980. US Non-farm Payrolls surprised to the upside in May. The unemployment rate edged higher to 3.7...

June 2, 2023, 1:14 pm

Blink charging: a short squeeze is possibly one charge away

Blink Charging is a heavily shorted stock, with short interest at 27.4% of the float. The company has experienced significant growth on the back of in...

June 2, 2023, 12:55 pm

Aud/usd rallies to nearly two-week high, around 0.6625-30 area ahead of us nfp report

GBP/USD is inching higher toward 1.2550 in early Europe, as markets cheer a risk-friendly environment, which is rendering ...

June 2, 2023, 9:59 am

Usd/jpy: only a break below 138/137.20 would denote possibility of a deeper decline – socgen

GBP/USD is inching higher toward 1.2550 in early Europe, as markets cheer a risk-friendly environment, which is rendering ...

June 2, 2023, 8:59 am

Ecb's panetta: we must not be too quick to raise interest rates

We haven't reached our final destination yetBut we are not far from itDebate will soon shift from level of interest rates to that of maintaining them ...

June 2, 2023, 8:19 am

Eur/usd outlook: euro holding steady after thursday’s bounce, key barriers at 1.08 zone in focus again

The Euro hit one-week high vs dollar in early Friday’s extension of 0.7% advance on Thursday, as fading US default fears after the Congress approved...

June 2, 2023, 7:59 am

Qat: cyclical headwinds weigh on the qatar outlook

Qatar, like the rest of the Gulf, tends to track the O&G cycle, so the recent downcycle doesn't bode well for its prospects. The financials-heavy iSha...

June 2, 2023, 6:58 am

Bitcoin price struggles below $27k while nasdaq hits a 13-month high

Bitcoin price is currently susceptible to further decline unless broader market cues turn bullish. BTC and NASDAQ now share a ...

June 2, 2023, 2:59 am

Opec+ unlikely to cut further. eia weekly oil inventories up next

EIA weekly US oil inventories are due out at the top of the hour. They follow natural gas inventories (which were bearish) because of the US holiday o...

June 1, 2023, 2:48 pm

The sellers in the usdjpy are making a technical play

Despite the better ADP data and steady but strong initial jobless claims, the USDJPY is moving lower. Yields are also now in ...

June 1, 2023, 1:22 pm

Why abbvie and amgen are moving lower today

Today, Coherus and Mark Cuban announced a partnership to launch an ultra-low-priced Humira biosimilar. This steep discount might have ...

June 1, 2023, 12:50 pm

Icici bank: a mix of positives and negatives

IBN's key positives are its healthy asset quality metrics and favorable top line prospects. The key negatives for ICICI Bank are expectations of highe...

June 1, 2023, 11:19 am

C3.ai: soft guidance belies ai hype

C3.ai's stock reacted negatively to the Q4 earnings release, as the company's performance cannot fulfill investor expectations. C3.ai's switch to a co...

June 1, 2023, 8:05 am

Mchi: china's economic recovery is sputtering, what this means for investors

MCHI's performance has been more volatile compared to other emerging market ETFs and those focused on India and Japan, indicating potential risks in C...

May 31, 2023, 10:24 pm

Voxx international: a weak finish to fy2023 with more challenges ahead, avoid

Company finished FY2023 on a weak note with both sales and profitability down on a quarter-over-quarter and year-over-year basis. Pronounced weakness ...

May 31, 2023, 8:24 pm

Stocks lower as debt deal and more fed tightening has economy recession bound

US stocks are falling as the expected debt deal will prove to be negative for the economy as limited sp...

May 31, 2023, 7:57 pm


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