AUD/USD Edges Lower ahead of RBA Decision
The Australian dollar has started the week with slight losses. In the North American session, AUD/USD is trading at 0.6798, down 0.19%. Will RBA stay aggressive with a 50bp hike? The Reserve Bank of Australia meets on Tuesday, with investors...
Weekly Economic & Financial Commentary: Labor Market Report Complicates FOMC’s Decision on September 21
Summary United States: August Rush Employers added 315K new names to their payrolls in August, but there were an additional 786K people looking for work. Amid such a rush into the labor market, the unemployment rate rose to 3.7%. More...
Week Ahead – Rate Hikes Keep Coming
US The countdown to the September 13 inflation report begins as investors fixate over a wrath of Fed speak, with special attention going towards Chair Powell’s Thursday discussion on monetary policy. It is a slow start to the trading week...
US NFP Close to Expectations. Will it Make a Difference to the Fed?
There doesn’t appear to be anything that would sway the Fed’s rate decision for either a 50bps increase or a 75bps increase at the next meeting. US Non-Farm Payroll for August showed a gain of +315,000 jobs vs an estimate...
The Weekly Bottom Line: Canada – Full Steam Ahead to Hike Rates
U.S. Highlights A strong week for economic data as the ISM manufacturing index and the payrolls report surprised to the upside. The details of both reports showed improvements on the supply-side of the economy as falling manufacturer input prices and...
Yen Edges Lower as NFP Close to Forecast
It has been a week to forget for the Japanese yen, as USD/JPY has climbed 2.23% and has pushed across the symbolic 140 line. In the North American session, USD/JPY is trading at 140.57, up 0.26% on the day. US...
Gold Threatens to Fall Down from the Range
The gold price dipped below $1700 on Thursday, approaching the lower boundary of its trading range since May 2020. Gold has been finding buyers after emotional dips towards the lower boundary throughout this period. Perhaps the main reason for the...
EUR/USD: Bears Likely to Resume after Consolidation, US NFP Data Eyed for Fresh Direction Signal
Near-term action remains directionless after larger bears faced strong headwinds at 0.9900 zone, where a temporary base has formed, but rebounds above parity were so far short-lived, keeping sideways mode and waiting for stronger signals. Overall picture remains bearish, suggesting...
GBP/USD: Bears Taking a Breather ahead of Attack at 2020 Low
Cable is consolidating above new multi-month low, posted on Thursday after a brief probe below 1.15 handle, following an uninterrupted bear-run in past five days. The pair is also on track for the third consecutive weekly loss, with risk aversion...
Nasdaq 100 Grinds Critical Support
The Nasdaq 100 falters as the Fed puts price stability as its number one priority. A drop below 13000 has prompted buyers to bail out, exacerbating the selling pressure. The index is hovering above 12000 at the base of a...
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