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Market Alerts

EUR/USD to Inch Towards December High on Lackluster NFP Report

– U.S. Non-Farm Payrolls to Increase Less Than 200K for Second Straight Month. – Unemployment Rate to Hold Steady at Annualized 4.7%, Average Hourly Earnings to Slow to 2.8%. For more updates, sign up for David’s e-mail distribution list. Trading the News: U.S. Non-Farm Payrolls (NFP) Mixed expectations surrounding the …

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Apple is set to start making iPhones in India

After months of negotiations, Apple is set to start manufacturing iPhones in the Indian tech hub Bangalore, a government official says. The state of Karnataka, where Bangalore is located, has reached an agreement in principle with Apple (AAPL, Tech30), said Priyank Kharge, the state’s information technology minister. Kharge told CNNMoney …

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Asian Stocks Find Going Tough On China PMI, PBOC Rate Rise

Talking Points: Asian stocks surrendered gains as China returned to the fray after its long Lunar New Year break A private sector manufacturing survey out of the world’s number two economy underwhelmed And the central bank raised very-short-term rates unexpectedly Asian markets relinquished gains on Friday after a Chinese manufacturing …

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USD/JPY Technical Analysis: Political Risk Aversion Keeps JPY Bid

Talking Points: USD/JPY continues to be a pair that trades in a direction opposite to what many anticipated at the start of the year. On the back of a large move higher, relatively speaking, in the front-end of the curve helped by the Federal Reserve pushing up the median number …

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Uber CEO quits Trump's business council

In a shocking about face, Uber CEO Travis Kalanick has dropped out of President Trump’s business advisory council. Kalanick said he was not participating because of the president’s immigration order in a memo to employees. “Earlier today I spoke briefly with the president about the immigration executive order and its …

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