The U.S. employment picture improved sharply last week, with first-time claims for unemployment insurance dipping below 500,000 for the first time since the pandemic crisis. Initial claims totaled 498,000 for the week ended March 1, against the Dow Jones estimate of 527,000. That was down from the previous week’s total of 590,000, which saw a
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European indices and US futures pull higher to start the session European equities are posting modest gains on the session now, building on the rebound yesterday as the momentum since late Tuesday trading continues in stocks. US futures are also marked higher on the day after a mixed session yesterday: After Yellen stepped on the
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Australian Dollar trades generally lower today, after China announced to “indefinitely” suspended all  activities under the China-Australia Strategic Economic Dialogue. But the spike on Aussie was relatively shallow and short-lived. Traders are quick to remember that the tariffs by China on some Aussie products didn’t had much material impacts on the latter’s export performance. Additionally,
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AUD/JPY is accumulating gains in the Asian session. However, gains seem limited in the vicinity of 84.70. Neutral momentum oscillators ask for a wait-and-watch approach. The AUD/JPY cross maintains the previous day’s gains and looks to refresh the daily high near 84.70 in the Asian session.  At the time of writing, AUD/JPY is trading at
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There are too many people who want to gamble The line between gambling, trading and investing has always been finer than anyone in this industry admits. All investments are essentially a bet on the future. What’s changed lately is that traders don’t seem to care about anything but price. When crypto first boomed there were
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