Forex Signals Brief for Feb 1: US Employment in Focus - Forex News - FX Leaders

-
Forex Signals Brief for Feb 1: US Employment in Focus - Forex News  FX Leaders

Equity markets might well have had their best January in 30-years, but February is set to start off with a bang, thanks to US employment data set for release ...



Comments

Post a Comment

Popular posts from this blog

NZD/USD drops from weekly highs post-dismal ADP report, meanders around 0.6630s - FXStreet

-
Image
The NZD/USD snaps two consecutive days of gains, down 0.15%, amid a positive market mood. The US ADP employment report was dismal, though it barely influenced the US dollar. NZD/USD is downward biased, and failure to break above a downslope trendline opened the door for the YTD low. The New Zealand dollar climbs but retreats from weekly highs around 0.6662 after mixed than foreseen NZ jobs report released in the Asian session. At the time of writing, the NZD/USD is trading at 0.6637. The US ADP Employment report was ignored by investors as they prepare for Friday's NFP An hour and a half before Wall Street's opened, the ADP Jobs report was released. The figures were dismal, showing the losses of more than 301K employments when polled economists expected at least 207K private jobs added to the economy.  The ADP Chief Economist said that "The labor market recovery took a step back at the start of 2022 due to the effect of the Omicron va...
Read more

Wyckoff Method: Rules, Accumulation, and Distribution - Investopedia

-
Image
Legendary technician Richard Wyckoff wrote about financial markets in the early decades of the 20th century at the same time as did Charles Dow, Jesse Livermore, and other iconic market analysis figures. His pioneering approach to technical analysis known as the Wyckoff Method has survived into the modern era. It continues to guide traders and investors in the best ways to pick winning stocks, the most advantageous times to buy them, and the most effective risk management techniques to use. Wyckoff's observations on price action coalesced into what's known as the Wyckoff market cycle. It's a theory that outlines key elements in price trend development that are marked by periods of accumulation and distribution. Four distinct phases comprise the cycle: accumulation, markup, distribution, and markdown. Wykoff also defined rules to use in conjunction with these phases. These rules can further help to identify the location and significance of price within the broad s...
Read more

Markets News, April 26, 2024: S&P 500, Nasdaq Snap Losing Streaks; Alphabet Soars Past $2T - Investopedia

-
Image
Stock Indexes Wrap: Alphabet, Microsoft Spur AI Rally; Intel and Oil Giants Slide April 26, 2024 04:14 PM EDT The Dow Amazon (AMZN) surged 3.4%, boosted by earnings reports from AI hyperscaler peers Alphabet and Microsoft.  Microsoft (MSFT) gained 1.8% after topping earnings estimates and reporting strong demand for its cloud services.  Chevron (CVX) ticked up 0.3% after reporting first-quarter profit declined about as much as analysts were expecting.  Intel (INTC) tumbled 9.2% after forecasting current-quarter revenue below Wall Street's expectations. Analysts at Bank of America and Goldman Sachs lowered their price targets on the stock, citing its relatively limited share of the AI market.  The S&P 500 RedMed (RMD) led the index higher, climbing 18.9% after topping quarterly earnings estimates.  Alphabet (GOOGL) soared 10.2% to close with a market cap of more than $2 trillion for the firs...
Read more