Last week: US stocks closed lower on Friday after the disappointing monthly jobs report but the S&P500, DJIA and NASDAQ still managed to close higher for the week. The NFP report showed upward pressure on wages but a lower than expected number of new jobs added which some attribute to concerns about returning to work in […]
Stocks are a bit higher and the AUD a bit firmer but many charts are still in a consolidation phase ahead of today’s NFP.
Stocks recovered to close higher Wednesday and the US$ closed higher on the back of the upbeat private ADP jobs report and news out of Washington re debt-ceiling negotiations. Despite this, most charts reflect price action that looks to be in a process of digestion / consolidation ahead of the next major move. The two […]
Market sentiment improved for US trade on Tuesday but the US$ remains steady ahead of today’s private ADP NFP US jobs report and RBNZ rate update. The GBP seems to be shaking off its fuel worries as both the GBP/USD and GBP/JPY are markedly higher.
