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Stocks have their first winning week in a month on stronger economic data NEW YORK (AP) — The stock market had its first winning week in a month thanks to better news on the economy. The Dow Jones industrial average jumped 128 points Friday, its fourth straight day of gains. The strong start to September [...]

Sep-03 FT (Stefan Wagstyl) So the secret is out. After years of silence, China has disclosed that around 65 per cent of its $2,450bn of foreign exchange reserves is in US dollars, with 26 per cent in euros, 5 per cent in pounds and 3 per cent in yen. As the China Securities Journal, an [...]

Markets Await Non-Farm Payrolls Report The markets have been trading in a rather tight range this morning, unsurprisingly considering the all important US non-farm payrolls number is to be released later in the day. Asian equities are largely tilting towards the green this morning as a combination of better than expected data from the US [...]

* Dollar steady, equities little changed ahead of U.S. data * Coming up: U.S. August non-farm payrolls data at 1230 GMT * Silver poised for further gains after 3-1/2 month high LONDON, Sept 3 (Reuters) – Gold prices held steady above $1,250 an ounce in Europe on Friday, within $15 of their record high, as [...]

Markets in Tight Range, Awaiting Non-Farm Payroll Markets are generally staying in tight range as traders cautiously await the highly anticipated non-farm payroll report from US. NFP is expected to show -105k contraction in August but that’s mainly due to dismissal of temporary workers hired by government. The private payroll is indeed expected to show [...]

03-Sep (Agrimoney) – Crops made another firm start, lifted by hopes for US exports, although there were concerns over the longevity of gains, given a long weekend ahead. This time soybeans made the biggest impression in Chicago, adding 1.0% to $10.18 ¾ a bushel for November delivery as of 07:15 GMT (08:15 UK time), with [...]

* Yen near 15-yr high on dlr; Swissie near record peak vs euro * 1-week dlr/yen risk reversal puts premium on dollar calls * US payrolls data in focus,median forecast of 100,000 fall TOKYO, Sept 3 (Reuters) – The euro and high-yielding currencies held firm on Friday after an improvement in U.S. housing and jobless [...]

EURUSD didn’t make significant movement yesterday. This pair is neutral in near term but we are still in bullish correction phase as price is moving strongly inside the bullish channel as you can see on H1 chart. A break above the trend line resistance could trigger further upside momentum testing 1.2930. On the downside only [...]

AUDUSD didn’t make significant movement yesterday, but the 0.9040 support area still hold so far keep the bullish outlook strong. Price is now struggling around the trend line resistance. A clear break above that trend line could trigger further bullish momentum testing 0.9145 even 0.9220 region. On the downside, break below 0.9040 could trigger a [...]

GBPUSD attempted to push lower yesterday, bottomed at 1.5349 but closed higher at 1.5398 and keep moving higher around 1.5420 at the time of this comment. On H1 chart, we can see price is moving inside a triangle indicating consolidation. Break above the triangle could trigger further bullish correction testing the trend line resistance and [...]