Page 60 - Factory Orders News Today

5/4/2021 5:35:03 AM GMT | By Dhwani Mehta EUR/USD stuck in a narrow range ahead of the FOMC decision.  Lagarde’s speech also eyed, as the Fed is likely to hold fire. Higher DXY and Treasury yields weigh on the spot. EUR/USD is extending losses towards 1.2000 ahead of the European opening bells, having failed to find acceptance above 1.2050 amid a broad-based US dollar rebound. The market sentiment remains tepid amid cautious remarks from Fed Chair Powe...

; Gold Price Analysis: XAU/USD’s path of least resistance appears to the upside – Confluence DetectorNEWS | 5/4/2021 3:06:52 AM GMT | By Dhwani Mehta Gold (XAU/USD) is easing off three-month highs, as the bulls face a hurdle at the technical resistance near the $1798-$1799 zone. Broad-based US dollar bounce amid a risk-off mood and upbeat comments from Fed Chair Powell weigh on gold. Although the XAU bulls remain hopeful amid subdued Treasury yields....

5/4/2021 10:06:08 AM GMT Notes/Observations Asia - RBA left Cash Rate Target unchanged at 0.10% and maintained its 3-year Yield Target at 0.10% (both as expected); Keeps its dovish undertones and put focus on its July meeting whether to retain the April 2024 bond or shift into the November 2024 maturity for its 3-Year Yield Target; to also consider a 3rd QE program at that time. - Australia Mar Trade Balance: A$5.6B v A$8.2Be. - Australia MP Ted OBrien seeks to fight Communist China with boycot...

5/4/2021 10:47:59 AM GMT Investors trade tech names for recovery names It is the Growth vs. Value Play and yesterday – Value won. ISM Prices Paid – Is it sounding the alarm bell? Two FED speeches today…Evan’s and Mester – Listen to what they say. Oil up 1.6% as demand surges, the 10 yr. stuck at 1.61% Try the Pan Seared Pork Chops w/Caramelized Peaches. Some stocks got off to a good start…. or as Tony the Tiger used to say – “That’s GRRRREEEAAATTTT!” as investors piled into ...

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5/4/2021 6:55:55 AM GMT | By Haresh Menghani A goodish pickup in the USD demand assisted USD/JPY to regain positive traction on Tuesday. Dovish Fed expectations might hold the USD bulls from placing aggressive bets and cap gains. The USD/JPY pair edged higher through the first half of the trading action on Tuesday and climbed to fresh daily tops, around the 109.30-35 region heading into the European session. Following the previous days pullback of around ...

A bevy of solid earnings reports also has lifted investors optimism. According to FactSet, more than 60% of the companies in the S&P 500 have posted results, with the blended S&P 500 earnings growth rate in the first quarter at 45.8%, up from 24.5% at the start of earnings season and the 15.8% expected at the start of the quarter. About 86% of companies have surpassed analysts expectations, a record high. Federal Reserve Chairman Jerome Powell said Monday the economic outlook in the U.S. has �...

May 4, 2021 21:07 GMTFXStreet News Broad-based USD strength helped USD/CAD push higher on Tuesday. Rising crude oil prices limit USD/CAD’s upside for the time being. Canada posted a trade deficit of C$1.1 billion in March. The USD/CAD pair broke above 1.2300 on Tuesday and reached its highest level in nearly a week at 1.2350 before going into a consolidation phase. As of writing, the pair was up 0.26% on the day at 1.2308. DXY steadies above 91.00 Following Monday’s sharp drop, the US Dolla...

May 4, 2021 17:06 GMTFXStreet News EUR/USD remains on the back foot on Tuesday. Wall Street’s main indexes fall sharply as market mood sours. US Dollar Index clings to daily gains above 91.00. The EUR/USD pair dropped below 1.2000 for the first time in nearly two weeks on Tuesday. Although the pair managed to erase a portion of its daily losses in the last hour, it’s still down 0.3% on a daily basis at 1.2027. The USD’s market valuation continues to impact EUR/USD’s movements. Following...

5/4/2021 2:11:44 PM GMT | By Eren Sengezer Factory Orders in US rose less than expected in March. US Dollar Index stays in the positive territory above 91.20. New orders for manufactured goods, Factory Orders, in the US rose by $5.8 billion, or 1.1%, to $512.9 billion in March, the data published by the US Census Bureau showed on Tuesday. This reading followed Februarys contraction of 0.5% (revised from -0.8%) and came in worse than the market expectatio...