US equity market ended slightly higher

US equity Market Overview: -
US equity market ended slightly higher despite Iraq fears with Monday. Stocks were helped by the fact that oil prices backed far from $107 a barrel despite of the fact that Iraq internal tensions could threaten its capacity to export oil. However, the Merger and Purchase activity continuation is helping the stocks to sustain in a higher rate. Building Permits data arrives on Tuesday which would certainly help the investors to drive the market in ongoing trend.
REYNOLDS AMERICAN INC

SHARE SUMMARY: -
Reynolds American Inc is overall in bullish trend which is sustaining at higher quantities on chart. Traders can buy the stock above the level of $60. 45 which is really a near term resistance level for that stock, and if it is able to to breach this levels further bullish movement is expected in this stock to test the degrees of $62. 50.
CHART ENHANCEMENT
Stock is in bullish pattern for near term and price is sustaining over the trend line together with good consolidation on every day intraday chart. Near term breach of resistance a higher level $60. 45 is estimated, which would trigger bullish sentiment in the stock to test the degrees of $62. 50.
INDICATORS:-
RSI is trading with positive bias and in MACD signal line is sustaining over MACD line which  is indicating  the bullish sentiment in the stock

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NFP Trading Today: The Big Picture

European currency continued positional trading against the U.S. dollar and on Thursday, May 1st, as traders prepare for the release of important fundamental data on employment in the United States, which can only exacerbate the position of the American currency in the medium.

NFP Day The US nonfarm payrolls for April are the focus today. This is a key indicator for all financial markets because of the importance of employment for the Fed, with its dual mandate to “promote effectively the goals of maximum employment, stable prices and moderate long-term interest rates" as well as the importance of employment as an indicator of the US economy’s health as a whole. 

NFP growth has been remarkably steady. Over the last six months the average has been 188k; over the last year, 187k; over the last two years, 178k; and over the last three years, 187k. Not much difference. The market consensus today is for a larger-than-average rise of 218k, up from 192k in March. The forecast is assuming a steady recovery in the economy coupled with some bounce-back in employment as the cold weather ends. The unemployment rate is forecast to stay unchanged at 11.9% as discouraged workers come back into the workforce, raising the participation rate from last December’s low point. 

Looking at USD/JPY, the pair that we find most responsive to NFP, it was actually lower a week later in three out of the last six positive surprises and unchanged once, meaning USD got a sustained rise only two out of the last six times there was a positive surprise. 

In addition to the NFP figure, we should watch two other figures in evaluating the data: average hourly earnings and average weekly hours. The hourly earnings figure is important, because Fed Chair Janet Yellen has identified wages as an important indicator of the labor market. Her reasoning is that wages will start rising once the labor market starts tightening, so the absence of wage rises means a slack labor market, which means less reason to tighten policy = bad for the dollar. The reason we watch the work week is because regardless of all the emphasis on unemployment, in fact there are a lot more people working than not working and if each one works a bit longer and therefore gets paid a bit more, that can add up to a lot of money – far more than the additional wages of those people who get jobs each month. An increase of only 0.1 ppt in the workweek adds roughly as many working hours to the economy as an increase of 350k to payrolls does. 

COMEX Updates: Silver Technical Analysis For Today

Weekly data: At the senior schedule is still observed exclusively downward trend. It can be seen that the asset turns, and before reaching the 19.00 area. In case of resumption of upward movement, the main purpose for buyers perform resistance 27.6. Today, it is advisable to look for buy signals.

COMEX Silver

At junior graph also observed a reversal of the asset up. The initial target for buyers favor resistance zone of 22.8, above which it is advisable to close half of all long positions. Point protective pause perform swing low of 18.5. Today only recommended purchase.