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Economic Events Of The Coming Week - Sunday, June 4
Tomorrow, Monday will see the release of U.S April Factory Orders data where analysts eye a 0.2% MoM contraction. It will be followed by the final estimate of April’s Durable Goods Orders data.
Market In Review: Markets Overcome Weak Nonfarm Payroll Report
Last week, high-tech equities saw a bright rise, with the Nasdaq adding 1.7% between Thursday and Friday, to a new all-time high of 6,305.8 points.
June 2nd Daily Trading Opportunities
While there are other announcements during the day on Friday, certainly the Unemployment Rate and the Nonfarm Payroll numbers coming out of America will dominate all headlines.
Oil Prices Reach 3-Week Low On Increased Output
On Wednesday, oil prices closed lower after it was announced that Libya had seen an increase in output. The OPEC deal being extended was still not enough to lift oil prices.
No Fiscal Stimulus Needed For US Economy?
Personal spending in the US increased 0.4% in April 2017. This followed a rise of 0.3% in March 2017. Thanks to increased spending on non-durable and durable goods, a rebound in personal spending took place.
Daily Trading Opportunities - Thursday, June 1
During the session on Thursday, we get a handful of announcements that could move the market, including Crude Oil Inventories, Manufacturing PMI numbers coming out of the United Kingdom and the United States, as well as Germany.
Gold Loses Its Shine As Demand Wanes
The performance of US equity markets bucked the global trend on Friday, edging higher. Gold rose above $1,265 per ounce, for a gain of 0.9% for the week.
Top 4 Trading Assets To Watch This Week – Monday, May 29
The Federal Reserve Bank is moving ahead with plans to unwind its vast balance sheet which swelled after the 2008/2009 global financial crisis.
Snap Aims To Use Discounts To Entice Advertisers
To boost growth in the second quarter earnings, Snap is reportedly offering discounts to advertisers. First quarter earnings were very bad, causing the stock to crumble, however some positive aspects make Snap a good investment.
Market In-Review: Markets Gain On Renewed Optimism
The dissolving of geopolitical woes has paved the way for market gains, amid positive economic developments.
Daily Trading Opportunities - Friday, May 26
During the session on Friday, we get the University of Michigan Consumer Sentiment numbers, the core Durable Goods Orders number, and GDP quarter over quarter for Q1 coming out of the United States.
New Project From BP P.l.c. Will Double Output In The U.K.
This week, British Petroleum — BP — had started a new project that will help double its output in the United Kingdom. The new project will help the company recover from the Gulf of Mexico oil spill
Daily Trading Opportunities - Thursday, May 25
During the Thursday session, there are a lot of announcements coming out, but we are paying the most attention to the OPEC meeting, Initial Jobless Claims, and several mid-level European announcements.
Oil Closes Higher As OPEC Meeting Approaches
On Tuesday, oil prices closed higher on the expectation that OPEC will cut production with a new deal. The next API report indicates a draw in U.S. stockpiles.
Daily Trading Opportunities - Wednesday, May 24
During the session on Wednesday, most of the announcements that will move the marketplace or later in the day, coming out of the United States and Canada.
Trading The USD/JPY Pair After The Terror Attack
The USD/JPY currency pair is trading a smidgen lower at 111.143, down 0.1321%. The US dollar index – a broad measure of the USD against 6 currencies – is down 1.24% over the past 5 days, at 96.96.
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