Investors Shouldn't Ignore NFP This Week
This Friday’s payroll data could be the ugliest one in decades, short USD/JPY?
This Friday’s payroll data could be the ugliest one in decades, short USD/JPY?
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With US interest rates to remain on hold until further notice, dollar could continue to weaken versus commodity currencies such as New Zealand dollar. Long NZD/USD?
With US interest rates to remain on hold until further notice, dollar could continue to weaken versus commodity currencies such as New Zealand dollar. Long NZD/USD?
Stocks are back on the rise, especially tech stocks. This would make the bear market that the coronavirus pandemic has induced the shortest on record.
But is the threat of recession really over?
Global growth outlook may weigh on sentiment this week, short USD/JPY?
The coronavirus pandemic continues to batter many countries all over the world, resulting in global cases of more than 2.4 million and a death toll of over 170,000 at the time of writing.
US oil prices turned negative as a result of the current global lockdown which is affecting the global demand for oil. With no end in sight, oil prices could remain depressed.
Given increasing doubts on the recent stocks rally, sell USD/JPY at peak might be appropriate.
With 88 negative earnings pre-announcements being issued by S&P 500 corporation according to Refinitiv, we expect investors to attempt to re-assess 2020 revenue and EPS prospects. Do expect huge...