Dow, S&P and Nasdaq close higher for the 2nd consecutive week The US stock indices are ending the session with gains across the board and near session highs:
CFTC commitments of traders data for the week ending September 22, 2020 Highlights:
It's non-farm payrolls week It's been a September to remember with some good volatility throughout financial markets. Next week we will turn the calendar to October and that means we'll get the September jobs report.
Down $0.06 or -0.15% The close last Friday settle that $41.32. The settle today $40.25, has pushed the price down $1.07 on the week. That is down 2.58% on the week. The high price this week was on Monday at $41.49. The low price was also on Monday at $38.87. Those lows skimmed along its 100
Down 210 pips on the week The EURUSD has had its largest week decline since March 2020 when the price fell 336 pips. The fall this week at current levels has seen the price move from the week Friday close at 1.18376 to the current level of 1.16276. That is a decline of 210 pips.
A look at EUR/USD Bank of America Global Research discusses the USD technical outlook and "T he risk we continue to face is buying the USD
You can't even get yield in emerging markets The race to zero has expanded to emerging markets. This move wasn't entirely expected with nearly one third of economists surveyed thinking they would hold.
Nasdaq leads the way with a 1.5% gain The major stock indices of extended to new session highs. The NASDAQ is leading the way with a gain of 1.5%. A snapshot of the markets currently shows:
Mitsubishi UFG on the week ahead Consider selling NZD/USD, MUFG Research says in its weekly FX pick. NZD/USD is trading down 13 pips to 0.6533 today. They say to target 0.6300 with a stop at 0.6710.
Rig count climbs Higher natural gas prices have given some drillers an incentive to get back to work. There's a blurred line between gas and oil rigs because oil drilling spits off a lot of natural gas as well.
