US Economy Adds 528,000 Jobs, Defying Recession Gloom, S&P 500 at Major Juncture
[ad_1] JULY JOBS REPORT TALKING POINTS: U.S. employers add 528,000 payrolls in July, well above expectations of a gain of 250,000 jobs. The unemployment rate falls to 3.5%, as the…
EUR/USD Stuck in Horizontal Channel, but US NFP Data Could Catalyze a Breakout
[ad_1] EUR/USD OUTLOOK: The EUR/USD has been in consolidation mode for the past few weeks, trading between support at ~1.0100 and resistance near ~1.0280 The euro’s fundamentals remain weak on…
S&P 500 and Nasdaq 100 Lose Momentum at the Start of August. Is the Rally Over?
[ad_1] US STOCKS OUTLOOK: The S&P 500 and Nasdaq 100 lose ground at the start of the month, ending a three-day winning streak July manufacturing activity grows at the weakest…
ISM Manufacturing Activity Cools, but Weakens Less than Expected, Prices Paid Collapses
[ad_1] ISM MANUFACTURING KEY POINTS: July manufacturing PMI eases to 52.8 from 53.00 in June, topping expectations calling for a decline to 52.00 The slowdown in factory activity suggests the…
Gold Price Outlook Turns Bullish as July FOMC Meeting Marks Peak Fed Hawkishness
[ad_1] GOLD PRICE FORECAST: BULLISH Gold prices extend their rebound, up more than 3% on the week The slide in U.S. Treasury yieldsis likely to support rate-sensitive assets in the…