Meanwhile, Initial Jobless Claims declined from 812,000 to 793,000.
If OPEC+ decides to trim its production cuts then the hedge funds will start booking profits, setting up the possibility of a steep decline.
Consistent to trade and achieve targets for stock indices, the DAX and S&Ps over two and three days completed targets and today is offered the Nikkei 225 from its close at 29562.93.
Oil bulls are presently facing difficulty moving up at the fourth trading session of the week.
AUD/USD continues its attempts to settle above the resistance at 0.7740.
The early price action suggests the direction of the index on Thursday is likely to be determined by trader reaction to the main 50% level at 90.385.
USD/CAD settled below the support at 1.2700 and tested the next support level at 1.2665.
The US dollar has initially fallen during the trading session on Wednesday, reaching down towards the 50 day EMA. However, we have found quite a bit of support.
The British pound rallied significantly during the course of the trading session against multiple currencies, including the Japanese yen.
A shift in sentiment since the release of a weaker-than-expected U.S. jobs report on Friday helped put in the top of the USD/JPY.
Crude oil priced bulled back some of its gains at the mid-week trading session. Oil bulls seem to be having a well-deserved rest after the black liquid hydrocarbon had its longest run of upsides in two years as another key macro revealed another decline in oil inventories at the worlds largest economy.
EUR/USD managed to settle above the 50 EMA and is trying to settle above the next resistance level at 1.2130.
The data releases are a good sign that the economic recoveries in New Zealand and Australia are on the right track.
Investors will also be keeping close tabs on a speech from U.S. Federal Reserve Chairman Powell at 1900 GMT.
The NYSE FANG+TM index, which includes Facebook Inc, Netflix Inc and Tesla Inc, rose to an all-time high.
The direction of the April Comex gold futures market into the close is likely to be determined by trader reaction to $1831.80 and $1842.90.
GBP/USD managed to get above the major resistance level at 1.3745 and is testing the next resistance at 1.3785.
The price action is confusing the fundamental traders, who are looking for clarity in the weather forecasts for February 15 into early March.
The direction of the March WTI crude oil futures contract on Tuesday is likely to be determined by trader reaction to yesterdays close at $57.97.
Most analysts assume the RBA will extend its bond-buying program which ends in April, if only to lessen upward pressure on the Aussie.
WikiFX | News 2021/3/3 1:57:56
WikiFX | News 2021/3/3 5:46:30
WikiFX | News 2021/3/4 2:08:40
WikiFX | Exposure 2021/3/3 10:31:04
WikiFX | News 2021/3/3 6:10:41
WikiFX | News 2021/3/4 2:00:48
WikiFX | News 2021/3/3 8:25:11
WikiFX | News 2021/3/4 9:16:49
WikiFX | News 2021/3/5 2:07:45
WikiFX | News 2021/3/5 6:07:34
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.