AUDUSD In A Tight Range Ahead Of The RBA Rate Decision
Crude oil declined after the latest OPEC+ meeting ended without a deal. This happened after Saudi Arabia and Russia asked participating members to increase production in the next few months. The goal was to ease rising oil prices and extend...
Weekly Economic & Financial Commentary: Supply-Side Challenges Continue to Bedevil the Recovery
Summary United States: Supply-Side Challenges Continue to Bedevil the Recovery After coming in below consensus for two months in a row, nonfarm employment surprised to the upside in June, with employers adding 850,000 jobs. The unemployment rate rose to 5.9%....
The Weekly Bottom Line: Pleasant GDP Surprise For Canada’s B-Day
U.S. Highlights Inflation fears have taken a breather in recent weeks, but the jury is still out on how temporary price pressures are. Today’s jobs report showed further solid progress. While better employment and wage gains may reinvigorate inflation fears,...
Week Ahead: Eyes on RBA and Fed minutes before Q2 earnings kick off
It’s a fairly quiet week for economic data, albeit with a couple of highlights worth watching. Friday’s US NFP report was the highlight of the last week, but it certainly didn’t make anything clearer for traders…or policymakers. According to BLS...
Week Ahead – RBA Meeting and Fed Minutes to Spice Things Up
It’s a relatively quiet summer week for global markets. The only central bank meeting will be in Australia, where the Reserve Bank could take the first step towards exiting cheap money. In America, the minutes of the latest FOMC meeting...
Weekly Focus – Signs of Global Peak in Manufacturing?
Risk sentiment was generally positive this week, as inflation fears continue to fade although the spread of the delta variant of Covid-19 has increased worries of new outbreaks. The reflation trade continued to lose steam, as tech stocks lead the...
US: Hiring Perks Up in June, But So Does Unemployment
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European Open: All Calm Ahead Of NFP, EUR/GBP Ready To Breakout?
Volatility is its usual low-self ahead of today’s NFP report, which hinges around whether USD can extend its bullish moves upon an NFP beat or give back gains upon a miss. Asian Indices: Australia’s ASX 200 index rose by 29.9...
Lots of Moving Parts for GBP/USD
Both the UK and the US have a lot going on these days, which makes a tough job in determining the direction of GBP/USD even tougher: Coronavirus resurgence Markets seem to be getting worried. Not only has the UK seen...
The S&P 500 Closed The First Half Of 2021 At A Record High. Investors Are Expecting Further Gains In Global Indicies
The preliminary employment data from ADP showed that the US private sector added 692,000 jobs in June, 92,000 more than economists expected. Investors are now waiting for Nonfarm Payrolls data from the government to gauge the labor market recovery. The...