Cable is standing at the back foot in early Thursday, signaling that two-day recovery on oversold conditions, which was sparked by strong downside rejection on Monday, might be running out of steam. Price adjustment on profit taking after sterling entered uncharted territory, was a logical scenario, although there is a big question mark about the […]
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Australia’s labor market delivered a strong upside surprise in April, with employment rising by 89k, sharply above expectations of 20.9k. Full-time jobs accounted for 59.5k of the gain, while part-time employment rose by 29.5k. Unemployment Read more…
At an event overnight, San Francisco Fed President Mary Daly said Fed is in a “good position” to respond to evolving conditions and uncertainties. She emphasized, “patience is the word of the day,” “We’ve got Read more…
Key Highlights WTI Crude Oil prices started a recovery wave above the $60.00 level. A connecting bullish trend line is forming with support at $61.90 on the 4-hour chart. Gold prices dipped below the $3,300 Read more…