• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 10th, during the Vienna International Energy and Climate Forum, a global cooperation initiative focusing on capacity building for energy transition was officially launched. This initiative calls for the establishment of cooperative mechanisms and enhanced knowledge sharing to provide systemic support for the global energy transition. The initiative includes six key measures: strengthening global capacity-building cooperation mechanisms; jointly establishing a Global Energy Interconnection Academy; promoting knowledge sharing on energy transition; strengthening resource mobilization and sustainable investment; promoting inclusive participation from youth, women, and other groups; and strengthening monitoring, evaluation, and continuous improvement.Chart: Overview of US market data on Friday, April 10, 2026The U.S. February factory orders month-on-month rate, the preliminary reading of the University of Michigan consumer sentiment index for April, and the preliminary reading of the one-year inflation rate expectations will be released in ten minutes.On April 10, Minister of Commerce Wang Wentao met with Serbian Minister of Domestic and Foreign Trade, Lazzarevic, who was visiting China. The two sides exchanged in-depth views on developing China-Serbia economic and trade relations. Wang Wentao stated that under the strategic guidance of the two heads of state, China-Serbia economic and trade cooperation has become increasingly close, with rapid growth in bilateral trade, deepening investment cooperation, and significant achievements in large-scale projects. China is willing to strengthen the alignment of its 15th Five-Year Plan with Serbias "National Development Strategy 2030," expand imports from Serbia, and continuously deepen cooperation in areas such as green development, the digital economy, and supply chains. China welcomes Serbian enterprises to continue participating in important exhibitions and events such as the China International Import Expo and the China-Central and Eastern European Countries Expo, promoting the steady and long-term development of China-Serbia and China-Central and Eastern European Countries economic and trade cooperation.The Dow Jones Industrial Average opened down 17.53 points, or 0.04%, at 48,168.27 on Friday, April 10; the S&P 500 opened up 17.90 points, or 0.26%, at 6,842.56; and the Nasdaq Composite opened up 120.08 points, or 0.53%, at 22,942.49.

Underpinned after US Job Growth Tops Expectations

Skylar Shaw

Jun 06, 2022 12:10

微信截图_20220606120056.png


A better-than-expected U.S. employment data hinted to a tight job market, which might encourage the Fed to maintain rate hikes.


June U.S. Dollar Index futures rose 0.328 percent to 102.160. Invesco DB US Dollar Index Bullish Fund ETF (UUP) rose 0.12 percent to $27.30.

Jobs Report Backs Fed's Hawkishness

The Labor Department stated Friday that nonfarm payrolls rose by 390,000 last month. Reuters economists predicted 325,000 new jobs in May. Unemployment was 3.6% and average hourly earnings were 0.3%.


The better-than-expected job gain implies the economy is still robust, but the drop in average hourly pay signals growth is beginning to decelerate.

Long-Side Specs Lighten

Despite expectations for higher rates, the market suggests this has already been priced into the dollar. Government data shows dealers unwinding dollar longs. Traders may still purchase the dollar as a safe-haven.


Speculators' net long bets on the U.S. Dollar plummeted to a 5-week low, Reuters and CFTC data show.


Net long dollar position was $14.71 billion on May 31. Last week, speculators net long $17.65.

Technical Analysis Daily Swing Chart

Daily swing chart shows a downtrend. A transaction over 102.750 will reverse the trend. Passing 101.420 will resume the downturn.


97.730-105.065 is the range. 101.395 to 100.530 is support.


99.810 to 105.065 The index is probing 102.440 to 101.815.


Short-term range: 105.065-101.420. If the trend turns to up, 103.245 might be tested.