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AUD/JPY: The AUD/JPY pair is now poised to exit the Kumo. Further bearish momentum will confirm the bearish sentiment.
U.S. Jobless Rate declined to 8.4% in August. The S&P 500 was set for a higher open on Friday following a brutal selloff in the previous session as a drop in the unemployment rate offset a slide in technology stocks, while investors remained cautious about a patchy economic recovery.
Nonfarm payrolls increased by 1.37 million jobs last month after advancing 1.73 million in July, the Labor Department’s closely watched employment report showed. The unemployment rate fell to 8.4% from 10.2% in July, steeper than the 9.8% fall that economists polled by Reuters forecast.
Apple Inc (AAPL.O), Microsoft Inc (MSFT.O), Amazon.com Inc (AMZN.O), Tesla Inc (TSLA.O) and Nvidia Inc (NVDA.O), which bore the brunt of Thursday’s losses, extended declines to between 1% and 4% in premarket trading.
The US Dollar consolidated gains on Friday but was set for its biggest weekly rise in two and a half months as on overnight drop in high flying US tech stocks fuelled a bout of risk aversion in global markets.
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
After yesterday's equity sell-off things are looking mixed in the Asian session this morning.
US stock markets tumbled at the opening on Thursday as the Federal Reserve's warnings about a slow recovery from the pandemic.
The New Zealand dollar is rising for the sixth straight day, outperforming its major peers. What is the reason? Let’s find out!
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!
