S&P 500 Bull Trend, Dollar Bear Trend as Recession Signals Set In and NFPs Approach

S&P 500 Bull Trend, Dollar Bear Trend as Recession Signals Set In and NFPs Approach

S&P 500, VIX, DOLLAR, GDP, RECESSION AND NFPS – TALKING POINTS: The Market Perspective: S&P 500 Bearish Below 4,075; USDJPY Bearish Below 134.00; EURUSD Bullish Above 1.0100 An unrelenting pace of Fed – and other central bank – rate hikes has not pitched the market into the sense of despair we have historically related to such conditions Recession fears will remain a principal concern out over the coming week with events like the ISM service sector report…

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NFP and Forex Trading: MAIN TALKING POINTS

NFP and Forex Trading: MAIN TALKING POINTS

Non-Farm Payrolls (NFP) releases create volatility in the forex market. NFP measures net changes in employment jobs. Forex traders use an economic calendar to prepare for NFP releases. What is the NFP? The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It represents the number of jobs added, excluding farm employees, government employees, private household employees and employees of nonprofit organizations. NFP releases generally cause…

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Euro Gains Against Dollar as Fresh Eurozone Economic Data Looms

Euro Gains Against Dollar as Fresh Eurozone Economic Data Looms

By Scott Kanowsky The euro inched higher against the dollar on Friday, with investors weighing key European economic data as well as the implications of contracting U.S. growth and Federal Reserve interest rate hikes. At 02:52 EST (0652 GMT), the EUR/USD was trading up by 0.40% at $1.0237. The spotlight today will fall on the Eurozone gross domestic product figures for the second quarter. Economists are calling for GDP to rise 0.2% during…

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ECB and US CPI in focus

ECB and US CPI in focus

This week’s price action in equity markets appears to have been more or less dictated by how big a rise we might see in today’s US CPI report for May, as well as how the European Central Bank sees the current outlook for the economy in Europe over the next few months. US markets finished yesterday’s session on the back foot across the board, as investors geared up for…

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