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DXY Dollar Index Price Tumbles Below 91.00 After Downbeat US NFP
Article By: Yohay Elam
Friday, September 3, 2021 12:28 PM EDT
The DXY Dollar Index price extended its sell-off after the US data release.
In this article: UUP
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Gold Stocks Clawing Back
Article By: Adam Hamilton
Friday, September 3, 2021 12:16 PM EDT
The gold miners’ stocks suffered a rough summer, getting hammered lower as collateral damage on gold futures speculators fearing Fed tightening.
In this article: GDX
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Cloud Stocks: Splunk Tackles Decelerating Growth With Product Upgrades
Article By: Sramana Mitra
Friday, September 3, 2021 12:04 PM EDT
Recently, Splunk announced its new platform called Splunk Security Cloud.
In this article: SPLK
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Netflix (NFLX) Unbuffers
Article By: Bespoke Investment Group
Friday, September 3, 2021 11:52 AM EDT
Investors in Netflix stock have been no strangers to the buffering phenomenon recently as the stock has been stuck in a trading range seemingly as long as the movie.
In this article: NFLX
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US Dollar Post-NFP, ISM: EUR/USD, GBP/USD, USD/CAD
Article By: DailyFX
Friday, September 3, 2021 11:41 AM EDT
It was a busy morning in the USD, with a very negative NFP report showing +235k v/s the +750k expectation.
In this article: FXE, FXB, FXC, UUP
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Dollar Weakness Meaningless For Gold
Article By: Przemyslaw Radomski, CFA
Friday, September 3, 2021 11:27 AM EDT
Gold and junior miners declined alongside the USD Index for the second straight day. It doesn’t usually look like this… something is going on.
In this article: FXE, GDXJ, GLD, UUP
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Post-Hurricane Fears. The Corn & Ethanol Report
Article By: Dan Flynn
Friday, September 3, 2021 11:15 AM EDT
On the Ethanol front, the industry barely survived the COVID-19 stay-at-home which devastated demand. The recovery from that blow they were handled down harsh court decisions.
In this article: CORN, OIL, UNG
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Canada’s Pandemic Recession Is Far From Over
Article By: Arthur Donner
Friday, September 3, 2021 11:05 AM EDT
Canada’s economic recovery was a bit stronger than the American, though in real terms, Canada’s recovery lagged the American.
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Bond Conundrum - Boom Or Bust For Gold?
Article By: Arkadiusz Sieroń
Friday, September 3, 2021 10:53 AM EDT
Inflation has risen, but bond yields have declined. Such a divergence is strange — beware gold bulls!
In this article: IEF, TIP, HYG, GLD
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Feeling The Heat Of Slowing Economy
Article By: Monica Kingsley
Friday, September 3, 2021 10:49 AM EDT
Even though NFPs disappointed, risk-on trades should welcome the Fed‘s inability to taper, which would help Treasury yields rise.
In this article: BITCOMP, COPX, GLD, OIL, SLV, HYG, SPX
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The Week Ahead – High Inflation Lifts Euro Against US Dollar
Article By: Orbex
Friday, September 3, 2021 10:35 AM EDT
Inflation in August overshot to a decade high by a full percentage point above the central bank’s target. This has placed policymakers in an all-familiar conundrum.
In this article: FXA, UUP, SPX, FXC, FXE
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"A Structural Inflation Shock" Revisited
Video By: David Pinsen
Friday, September 3, 2021 10:24 AM EDT
As of Thursday's close, BOIL was up 53% since then. If you bought BOIL when we wrote about it in July, congratulations.
In this video: BOIL
Watch
Huge US Jobs Miss, But Don’t Get Too Gloomy
Article By: ING Economics
Friday, September 3, 2021 10:10 AM EDT
Hiring in August slowed sharply as rising Covid cases and hospitalisations made consumers and businesses more cautious.
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Bear Of The Day: Benefitfocus (BNFT)
Article By: Kevin Cook
Friday, September 3, 2021 9:58 AM EDT
Benefitfocus is a $400 million provider of cloud-based software solutions to consumers, employers, insurance carriers and brokers.
In this article: BNFT Also: WDAY, PAYC
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USD/CAD Analysis: Breaks 1.25 After US NFP, Awaiting ISM Data
Article By: Yohay Elam
Friday, September 3, 2021 9:48 AM EDT
The USD/CAD pair analysis shows a bearish bias as the key 1.2500 level has been broken. Meanwhile, the US NFP figures missed expectations by a huge difference.
In this article: FXC, UUP
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August Jobs Report: Some Weak Points, But The Underlying Very Good Trend Continues
Article By: New Deal Democrat
Friday, September 3, 2021 9:38 AM EDT
While this morning’s report came in well short of expectations, with the big positive revision to last month’s blockbuster report, which I’ll get into more detail about below, the 6 month average of monthly gains is still over 600,000.
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