logo |

Forum

    Your location: Home >  Forum  >  Technical index  >  Content details
    United States 2020-05-06 01:28:55
    Technical index New Zealand Dollar Struggles Despite Rosy Jobs Dat

    WEDNESDAY’S ASIA PACIFIC TRADING SESSION

    S&P 500 futures are only pointing cautiously higher heading into Wednesday’s Asia Pacific trading session. In fact, stocks on Wall Street trimmed a lot of their gains into the close as the Dow Jones and S&P 500 ended the day +0.56% and +0.90%.

    Comments from Fed Vice Chair Richard Clarida seemed to inspire risk aversion as he mentioned that the unemployment rate “is going to get very elevated”. He also added that it is “going to take time” for the labor market to recover.

    Meanwhile Texas - one of the early states to relax lockdown measures - saw Covid-19 hospitalizations rise 1,888 in the biggest rise in 3 weeks. These developments may have cooled what was a more robust “risk-on” tone in markets, perhaps raising concerns over the speed of an economic recovery.

    With that in mind, Asia Pacific equities may see a mixed session Wednesday. An absence of major economic event risk arguably places the focus for foreign exchange markets on sentiment. To that end, if fears of escalating US-China tensions continue rising, the sentiment-linked Australian Dollar could be left vulnerable.

    Write your question...
    Please sign in first Sign up/in to comment
    0 Comments

    There is no comment yet. Make the first one.

    TPKNX
    Participants

    Successfully published

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.