Forex Market News Today
  • Home
  • News
  • LiveHourly
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies
No Result
View All Result
Forex Market News Today
Home Live

Forex Signals Brief for May 21: Can US Jobs Improve?

3 months ago
in Live
4 min read
Forex Signals Brief for May 21: Can US Jobs Improve?
Share on FacebookShare on Twitter


US Market Wrap

The recovery in US equity markets continues to gather some steam as the S&P 500 made fresh two-month highs overnights.

The moves were spurred on by the tech sector continuing to lead the way, with the NASDAQ pushing higher as well. News that the US Government is going to make it hard for Chinese companies to stay listed on US exchanges did weight on markets, however, overall the news appeared to get shrugged off.

The Greenback was under pressure for most of the session and that helped prop up a number of the majors. However, the GBP/USD which was strong throughout the session, fell away on news the BOE would consider going to negative rates.

The Data Agenda

We’ve got a very busy session in Europe today as a host of PMI readings will likely dominate early trade and make for some stop-start price action.

The main release of note for the EUR/USD will be German Manufacturing PMI, which is expected to show a small improvement on the prior reading. We’ll also have the broader PMI manufacturing data from the Eurozone and some of the individual countries.

In the UK, it’s a similar story for the GBP/USD as we look towards Manufacturing and Services PMI – both of which will be on the soft side.

Later in the day, the attention is once again back on US jobless claims, which is predicted to show 2,400K new applications. The other worrying figure is the continuing claims which are coming in at 24,765K. While initial claims are falling by the week, the continuing claims numbers must be starting to weigh heavily.

Other US data points of note will be the Philly Fed and Existing Homes Sales, so across the board it is a very busy day of top-tier releases.

Forex Signal Update

The FX Leaders Team hit 4 straight winners with another one closing out in the green this morning, making for a very solid 24 hours.

Make sure you follow our live signals as we are looking to close the week on the front foot.

NZD/USD – Pending Signal

The NZD/USD is doing its best to try and break to the upside and as you can see it is sitting right under key resistance. We are looking for a long signal here on a break of that resistance.

NZD/USD
NZD/USD – 240min.

Gold – Pending Signal

The GOLD trade continues to be a bullish one and price is slowly recovering from the sharp selling early in the week. We continue to hunt for a long signal.

Gold
Gold – 240min.

Cryptocurrency Update

Although BTC continues to hold under the $10,000 level, there was some action yesterday.

The sudden sell-off, which sent the wider cryptocurrency market lower and pushed Bitcoin under the $9,500 level, was caused by a whale transferring 50 coins that were mined a decade ago.

That in and of itself is interesting as this is the kind of thing we’ve been seeing at this level continually with big traders liquidating positions.

That said, price did rebound so we are really at an inflection point at the moment.

Bitcoin
Bitcoin –…



Go to the news source: Forex Signals Brief for May 21: Can US Jobs Improve?

Tags: ForexImproveJobsSignals
Previous Post

Inquest To Probe If London Air Pollution Caused Death Of 9-Year-Old

Next Post

OECD GDP falls by 1.8% in the first quarter as lockdowns weigh

Related Posts

Gray Television, Grand Ole Opry and Circle Network Partner on Opry’s Live Sat., …
Live

Gray Television, Grand Ole Opry and Circle Network Partner on Opry’s Live Sat., …

by Forex News
February 24, 2021
0

Atlanta, Feb. 24, 2021 (GLOBE NEWSWIRE) — Gray Television, Inc. (NYSE: GTN), The Grand Ole Opry and Circle Network...

Read more
Bank of England policy makers testify at the Treasury Select Committee By Invest…
Live

Bank of England policy makers testify at the Treasury Select Committee By Invest…

by Forex News
February 24, 2021
0

© Reuters Bank of England policy makers Andrew Bailey, Ben Broadbent, Jonathan Haskel and Gertjan Vlieghe testify in front...

Read more
sensex today: Stock Market LIVE Updates: Sensex gains 300 points, Nifty tops 14,…
Live

sensex today: Stock Market LIVE Updates: Sensex gains 300 points, Nifty tops 14,…

by Forex News
February 24, 2021
0

!1 New UpdateClick here for latest updatesHDFC twins, RIL, ICICI Bank top boosts for SensexTCS biggest drag8 stocks that...

Read more
Market LIVE: Nifty reclaims 14,750, Sensex trades flat, markets marginally highe…
Live

Market LIVE: Nifty reclaims 14,750, Sensex trades flat, markets marginally highe…

by Forex News
February 24, 2021
0

Market LIVE: Nifty reclaims 14,750, Sensex trades flat, markets marginally higher; Tata Consumer jumps over 2% The Financial Express...

Read more
Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water
Live

Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water

by Forex News
February 24, 2021
0

Nasdaq 100 & Dow Jones Price Outlook:Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market ForecastThe...

Read more
Bitcoin (BTC/USD) Bulls Brutal Breakout Shows No Mercy
Live

Bitcoin (BTC/USD), Ethereum (ETH/USD) Crushed as Cryptocurrency Market is Overru…

by Forex News
February 23, 2021
0

Bitcoin (BTC/USD) Price, Analysis and Chart:Bullish channel is broken in a two day sell-off.No specific driver of price action....

Read more
USD: A Sustained Rise In US Real Rates May Trigger A Reverse In Our Overall USD …
Live

USD: A Sustained Rise In US Real Rates May Trigger A Reverse In Our Overall USD …

by Forex News
February 23, 2021
0

What is the outlook for the US dollar in the short-term? Here is their view, courtesy of eFXdata: Citi...

Read more
Short-Term Correction or Has The Bubble Burst?
Live

Bitcoin Price Suffers Pullback, Damaging Technical Landscape

by Forex News
February 23, 2021
0

Bitcoin (BTC/USD) Price Outlook:Bitcoin Price Suffers Pullback, Damaging Technical LandscapeBitcoin suffered a considerable setback to start the week as...

Read more
sensex today: Stock Market LIVE Updates: Sensex rises 250 points, Nifty above 14…
Live

sensex today: Stock Market LIVE Updates: Sensex rises 250 points, Nifty above 14…

by Forex News
February 23, 2021
0

!1 New UpdateClick here for latest updatesOPENING BELL | Sensex rises 250 points, Nifty above 14,750ONGC jumps 4%, UPL...

Read more
Choosing the Best Forex Robots In 2021
Live

Choosing the Best Forex Robots In 2021

by Forex News
February 23, 2021
0

Forex robots are quite an attraction, especially for those who are looking forward to a passive income. There are...

Read more
Next Post
OECD GDP falls by 1.8% in the first quarter as lockdowns weigh

OECD GDP falls by 1.8% in the first quarter as lockdowns weigh

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Latest Forex News

California Officials Consider State Stimulus and ‘Hero Pay’

California Officials Consider State Stimulus and ‘Hero Pay’

2 months ago
Covid-19 Global News: Live Updates on Variants, Cases and Deaths

Covid-19 Global News: Live Updates on Variants, Cases and Deaths

2 days ago
10 Best Forex Trading Apps reviewed and compared [Sponsored]

10 Best Forex Trading Apps reviewed and compared [Sponsored]

3 months ago
XAU/USD Readying for Break into 2021

XAU/USD Readying for Break into 2021

1 month ago

Today Market News

U.S. consumer confidence tumbles in December
Economy

Bank of Korea raises its 2021 inflation forecast

February 25, 2021
Oregon could see a ‘kicker’ despite pandemic’s toll
Economy

Oregon could see a ‘kicker’ despite pandemic’s toll

February 25, 2021
Australia passes news media law that requires Google, Facebook to pay
World

Australia passes news media law that requires Google, Facebook to pay

February 25, 2021
Forecast: Oregon economists predict $571 million ‘kicker’ tax rebate
Economy

Forecast: Oregon economists predict $571 million ‘kicker’ tax rebate

February 25, 2021
Gray Television, Grand Ole Opry and Circle Network Partner on Opry’s Live Sat., …
Live

Gray Television, Grand Ole Opry and Circle Network Partner on Opry’s Live Sat., …

February 24, 2021
Some in Missouri successfully appeal jobless repayments | Metro
Economy

Some in Missouri successfully appeal jobless repayments | Metro

February 24, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 Siteofforex.com

No Result
View All Result
  • Home
  • News
  • Live
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies

© 2020 Siteofforex.com

wpDiscuz