The direction of the July WTI crude oil futures contract on Friday is likely to be determined by trader reaction to $68.80.
Disappointing Eurozone retail sales were expected. Comments from Lagarde and Powell perhaps less predictable ahead of U.S NFP numbers later today…
Precious metal prices across the board pulled back on routine profit taking ahead of Fridays key U.S jobs data.
(Reuters) – The Federal Reserve will start to gradually offload its portfolio of exchange-traded funds that invest in corporate bonds on June 7, the first step in unwinding corporate bond holdings acquired during the pandemic, the New York Fed said on Thursday.
WASHINGTON (Reuters) – U.S. worker productivity rebounded solidly in the first quarter, the government confirmed on Thursday, also noting that labor costs grew instead of contracting as previously reported.
WASHINGTON (Reuters) – U.S. private employers stepped up hiring in May, spurred by robust demand amid a rapidly reopening economy, but shortages of workers and raw materials continued to loom over the labor market recovery.
ADP Employment Change report exceeded analyst expectations.
The fundamentals are bullish with demand expectations seemingly rising everyday as the pace of the global economic recovery picks up steam.
Economic data and central bank chatter on monetary policy delivered a modest gain for the Greenback in the week. The Kiwi Dollar led the way, however…
The direction of the August Comex gold market into the close will likely be determined by trader reaction to $1899.20.
The silver market has rallied during the trading week but continues to struggle with the $28 level.
USD/CAD tried to gain some upside momentum ahead of the weekend but moved back below 1.2100.
Silver continues to get strong support near $27.50.
The British pound looked as if it was ready to try to break out during the day on Friday as we close so strongly at the end of the Thursday session, but has failed.
Meanwhile, the crypto market is under pressure and Bitcoin is trying to settle below $37,000.
The direction of the EUR/USD on Friday is likely to be determined by trader reaction to 1.2159.
LONDON (Reuters) -The publisher of the Daily Mail reported a 20% drop in pretax profit in its first half as its consumer business, which also includes freesheet Metro, was hurt by volatile ad markets and events and exhibitions were hit by COVID restrictions.
PARIS (Reuters) -Europes Airbus set out sweeping goals on Thursday to expand production of jetliners, pushing shares up more than 6%, as the aviation industry charts a recovery from the coronavirus crisis.
BRUSSELS (Reuters) – EU privacy watchdog EDPS opened on Thursday two investigations into EU institutions‘ use of cloud computing services provided by Amazon and Microsoft, concerned about the transfer of Europeans’ personal data to the United States.
STOCKHOLM (Reuters) -Airline SAS reported on Thursday yet another deep quarterly loss due to the COVID-19 pandemic but said vaccinations provided some hope for looser travel restrictions and higher demand heading into the summer season.
WikiFX | News 2021/6/13 2:01:01
WikiFX | News 2021/6/12 2:01:01
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