Tech stocks hit hard as equity markets feel intensifying inflation fears; GBP/JPY marches higher; Sharp price increase has coffee struggling for momentum
Weaker than expected NFP print puts USD under renewed pressure; Gold extends gains to hit a recent high as commodities steal the show; GER30 stages recovery
Most currency pairs are consolidating ahead of today´s NFP release, with the event likely to determine the short-term direction of the US Dollar.
Investors have high hopes for this week´s NFP report, with an unprecedented stimulus and vaccination success paving the way for further US economic growth
USTECH index tanks as technology stocks come under pressure; Further losses ahead for GER30; Oil continues to march higher; Currency traders eyeing the CAD
Inflation fears – pushed into the background by the Fed – are returning; There’s an improved outlook for the Euro; Commodity currencies are in the spotlight