Premium Club Bonus

Enjoy up to an
Extra 20% Deposit Bonus

SHARE
this page
FacebookTwitterLinkedInWhatsAppTelegramMessenger

Overall positive week for major US stock indices as markets end the week off with a rally

  

Significant events to watch:

-JAPAN (JPY): JAPAN Gross Domestic Product

-UK (GBP): UK Gross Domestic Product

-USA (USD): US Nonfarm payrolls

JAPAN (JPY): JAPAN GROSS DOMESTIC PRODUCT (GDP) – QoQ – Gross Domestic Product (GDP) measures the change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.  Japan’s GDP declined to 0.2%, lower than the forecast of 0.5%.

The report is due Wednesday, 8 March at 23:50 GMT

UK (GBP): UK GROSS DOMESTIC PRODUCT – Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.  UK GDP declined to -0.5%, lower than the forecast of -0.3% and lower than the previous month which was 0.1%.

The report is due Friday, 10 March at 07:00 GMT

USA (USD): US Nonfarm payrolls – Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.  Last month’s NFP reached 517K, better than the forecast of 185K.

The report is due Friday, 10 March at 13:30 GMT

Risers and Fallers

-Nasdaq  (+1.97%)

-Amazon Inc. (+3.01%)

-Crude oil (+2.10%)

-USDJPY  (-0.63%)

Nasdaq – The Nasdaq rallied on Friday, gaining 1.97%. All three stock majors posted a positive week as US treasury yields slowed down amidst Fed officials’ reassuring comments of inflation and interest rates. The tech index closed at 11,689.01.

Amazon Inc.  (NASDAQ – AMZN) Amazon’s stocks surged 3.01% on Friday, with shares reaching a daily high and low of $94.94 and $92.66, respectively.  Amazon closed at $94.90.

Crude Oil – Crude oil 2.10% on Friday reaching a daily high and low of $79.90 and $75.83, respectively. Crude closed at $79.85 per barrel. 

USDJPY – The USD pulled back slightly against the Yen and the pair declined 0.65% on Friday. The price might move to ¥136 level, considering the ¥135 being a significant support level. The pair is trading at ¥135.88.


Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

Trading Experience Plus

Previous
Next

Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods

  • Trade

    Access 500+ instruments across all asset classes on MT4/MT5

That's it, it's that easy to open a Forex and CFD trading account.
Welcome to the world of trading!
Open Live Account

Contact Us

  • General Enquiries

    We are here to provide you with a successful trading journey from account opening to funding and trading.

    [email protected]
  • Premium Clients

    If you are interested in becoming a premium to unlock your extra services as a high-volume trader or joining Vantage Club, please email us below.

    [email protected]