Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
The U.S. economy added 390,000 jobs in May
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now trading above the Kumo. Further bullish sentiment would lead the market into fresh highs. Alternatively, a plunge of the market might bring the exchange rate within the cloud.
Equity futures were higher in early Monday morning trading after a losing week as investors continued to bet that the Federal Reserve will tighten monetary policy aggressively to combat inflation.
Futures on the Dow Jones gained 132 points, or 0.4%. S&P 500 futures and Nasdaq 100 futures rose 0.57% and 0.77%, respectively.
The early morning action followed another disappointing week for investors as the major averages suffered modest losses. The blue-chip Dow Jones fell 0.9% for its ninth negative week in 10, while the S&P 500 and the Nasdaq Composite lost 1.2% and 1%, respectively, last week for their eighth losing week in nine.
The U.S. economy added 390,000 jobs in May, which came in better than expected despite fears of an economic slowdown and amid the roaring pace of inflation. Some investors believe the strong hiring data could be clearing the way for the Fed to remain aggressive.
Investors will be focusing on the CPI reading for May, which is slated for Friday morning release. The key inflation figure is expected to be just slightly cooler than April, which could be interpreted by some as a confirmation that inflation has peaked.
Similar
Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
Dow Jones logged gains for the first time in eight weeks
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now trading into fresh high…
Popular
Fed Keeps Pushing USD to 2000s Highs
The US dollar index has all chances of reaching the 2000s high of 120.00.
Gold isn't saving investors from inflation
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?
Bitcoin Skyrockets Ahead of ETH Merge and US CPI Release
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.
Choose your payment system
