US Nonfarm Payroll Report: Market Insights

Summary United States: Residential Tailwind Set to Continue as Monetary Policy Becomes Less Restrictive This week’s economic data indicate that the U.S. economy is still expanding at a solid pace with the housing sector continuing to provide a tailwind. During February, existing home sales and housing starts both topped expectations and rose at robust rates. […]

Key Highlights USD/JPY started a fresh increase above the 146.00 resistance. A major bearish trend line is forming with resistance at 150.00 on the 4-hour chart. Gold prices could again aim for a move above the $2,480 resistance. EUR/USD surged toward the 1.1040 level before the bears emerged. USD/JPY Technical Analysis The US Dollar started […]

Since the end of last week, the Yen has regained ground against the Dollar and the Euro in what looks like a new round of appreciation. So far, this seems to be an independent theme for the Yen’s rise, without any deterioration in sentiment in the equity and bond markets. EURJPY plunged from a peak […]