Daily Market News: May 7, 2015
May 7, 2015 3:50 pmVideo
Latest News
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
- GBP/USD. April 17th. Inflation in Britain is falling, but not as much as the market wants April 17, 2024
- Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets April 17, 2024
- Video market update for April 17, 2024 April 17, 2024
- Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin and Ethereum from Sebastian Seliga April 17, 2024
- Technical Analysis – Gold struggles to jump above 2,400 April 17, 2024
- GBP/USD: trading tips for beginners for European session on April 17 April 17, 2024
- EUR/USD: trading tips for beginners for European session on April 17 April 17, 2024
- Market Comment – Geopolitics and Fedspeak keep stocks under pressure April 17, 2024
- Technical Analysis – USDJPY on the verge of hitting 155.00 milestone April 17, 2024
- Hot forecast for EUR/USD on April 17, 2024 April 17, 2024
- Overview for the GBP/USD pair on April 17th. British inflation could weigh on the pound April 17, 2024
May 7, 2015 – Daily Market News
During the early trading session, Asian stocks traded lower as major governments around the world sell bonds as they struggle with debt. Countries, including, UK, Germany and the U.S. have turned their focus to return of inflation and thus sparking a rise in bond yields, this week long sell-off is weighing on shareholders and investor sentiment and the Nikkei share average reached its lowest level in a month closing at 1.23% lower. Following the release of negative data from Australia, the AUD traded lower against the Dollar. The Employment change for April showed a decline of 2.9k, significantly worse than the expected rise of 5000 more employed people, the pair is currently trading above 0.79.
During the European session, the Euro dropped sharply against the Dollar as next week’s meeting between Greece and its creditors nears. The country is yet to show progress with laying down reforms for an extension of its current debt bailout, if no developments are made then finance ministers may consider to tighten their banks access to emergency liquidity. Furthermore, German data showed that the Factory orders for March grew less than expected with a 0.9% rise, analysts had expected a 1.5% increase.
The Dollar is trading higher against a basket of major currencies following a number of positive reports, including the continuous jobless claims and more importantly, the Initial Jobless claims which showed that 265,000 more people filed for unemployment, below the expected figure of 280,000. Binary Options traders are now awaiting the release of the Nonfarm Payrolls taking place tomorrow. Analysts expect that the number of people employed during April rose by 224,000, if the actual figure is lower than this could weaken the Dollar further in the short term.
Main Events (GMT)
02:30- AUD- Employment Change (Apr)
07:00 -EUR- German Factory Orders (MoM) (Mar)
09:50 -EUR- Spanish 10-Year Obligacion Auction
13:30 -USD- Initial Jobless Claims
13:30 -CAD- Building Permits (MoM) (Mar)
Related Posts: