> US initial jobless claims 239K vs 240K estimate US initial jobless claims for the week ending August 12 <!--> --> <!--> Prior was 248K revise marginally higher to 250KInitial jobless claims 239K vs 240k estimate4-week moving average of initial...
Nasdaq Composite Technical Analysis – The bias remains bearish
Despite good economic data like lower core inflation, stable jobless claims, lower inflation expectations and strong consumer spending that support the soft-landing narrative, the Nasdaq Composite just keeps on falling with very shallow pullbacks. One of the main...
The JPY is the strongest and the USD is the weakest as the NA session begins.
The strongest to the weakest of the major currenciesThe JPY is the strongest and the USD is the weakest as the NA session begins.Yesterday, the FOMC minutes were released. Recall, the Federal Reserve raised interest rates to their highest in 22 years during their July...
직장인, 무직자를 위한 2023년 새로운 정부지원대출 14가지!
https://www.youtube.com/watch?v=IoLAosZjTSE 오늘은 다양한 종류의 정부지원 대출 제도 14가지를 소개해 드립니다. 직장인 10가지, 무직자 4가지, 이렇게 구분해서 도움이 될 만한 내용들을 개요만 간단히 설명드리고, 고정댓글에 있는 링크 통해서 본인에게 해당하는 대출 제도 더 자세히 확인해 보세요~ #정부지원대출 #저금리대출 MoneyMaker FX EA Trading...
ForexLive European FX news wrap: Dollar eases on yuan rebound, yields stay elevated
Headlines:Markets:JPY leads, USD lags on the dayEuropean equities marginally lower; S&P 500 futures up 0.2%US 10-year yields up 3.8 bps to 4.295%Gold up 0.4% to $1,898.15WTI crude up 1.0% to $80.20Bitcoin down 1.5% to $28,511The session started with a more...
Aussie bounces back alongside the offshore yuan, time to fade?
AUD/USD daily chartThe pair is now up 0.1% to 0.6430 and well off the earlier lows of 0.6365 today. It comes alongside a bounce in the Chinese yuan, after this particular headline here. The offshore yuan has strengthened from 7.34 to 7.30 against the dollar and that...
BRICS Summit’s Bold Gambit: The Drive Towards a New Currency Takes Centre Stage
The BRICS summit serves as a gathering of strategic minds hailing from Brazil, Russia, India, China, and South Africa — a formidable union constituting nearly a quarter of global GDP and embracing 40% of the world’s populace. This annual convergence navigates a...
GBPUSD Technical Analysis – Signs of an imminent pullback
The US economic data keeps on showing a resilient economy and as a consequence the higher for longer stance becomes more and more certain which is making Treasury yields to rally. This has been supporting the USD as we’ve been seeing a divergence in the data with the...
BTCUSD: Bears Lead the Decline
The cryptocurrency market value fell a further to $1137 trillion. The market dropped in the morning to 1,113, its lowest point in over two months. The leading altcoins all fell, with losses ranging from 0.8% for Cardano to 7% for Bitcoin Cash. Bitcoin fell 9.66% the...
China reportedly told state banks to escalate yuan intervention this week
Well, it's not like it had helped that much but the yuan did bounce back towards the closing stages of onshore trading today. That is helping with the mood in the aussie and kiwi a little with the former paring losses on the day against the dollar now.Unless something...
PBOC says prudent monetary policy will be precise and forceful
Will keep liquidity reasonably ampleWill keep yuan exchange rate basically stableWill fend off systemic financial risksWill keep prices basically stableWill adjust, optimise property policies in a timely mannerThese are all very bland and generic stuff from the PBOC....
Gold Technical Analysis – We are hovering around a key level
The US real yields keep on rising non-stop and given the inverse correlation with Gold, we saw the precious metal falling non-stop as well. The economic data continues to show a resilient economy even after the second most aggressive tightening in history and this...
Nasdaq 100, Dow and Nikkei 225 hit one-month low as China worries intensify
Article by IG Chief Market Analyst Chris BeauchampNasdaq 100, Dow Jones, Nikkei 225 Analysis and ChartsNasdaq 100 at one-month lowThe pullback continues here, with no sign of a low being formed as yet. Having fallen below support at 14,920, the price now targets...
Eurozone June trade balance €23.0 billion vs -€0.3 billion prior
Prior -€0.3 billionThe seasonally adjusted trade balance came in at a surplus of €12.5 billion, but came as exports were down 0.5% on the month while imports slumped harder by 5.6% on the month. The latter in particular remains a function of a further improvement in...
Major currencies not doing a whole lot so far on the session
It shouldn't come as too much of a surprise really. We've been sort of stuck in this mood for more than a week now. The summer lull is really kicking into effect in Europe. EUR/USD is flattish at 1.0876 and sitting within a 23 pips range so far today while USD/JPY is...
Russell 2000 Technical Analysis – The break of the support is a big bearish sign
Despite good economic data like lower core inflation, stable jobless claims, lower inflation expectations and strong consumer spending that support the soft-landing narrative, the Russell 2000 just keeps on falling with very shallow pullbacks. One of the main reasons...
Market Update – August 17 – Stocks down, Treasury yields up
Nothing new in the FOMC minutes – “significant upside risks to inflation which might require further tightening” pushed recent dip buyers to the sidelines, allowing yields to drift higher into the day’s end. – Today, implied Fed funds...
S&P 500 Technical Analysis – This trendline is key for the next major move
Despite good economic data like lower core inflation, stable jobless claims, lower inflation expectations and strong consumer spending that support the soft-landing narrative, the S&P 500 just keeps on falling with very shallow pullbacks. One of the main reasons...
European equities keep lower at the open today
Eurostoxx -0.5%Germany DAX -0.5%France CAC 40 -0.5%UK FTSE -0.4%Spain IBEX -0.5%This follows the negative late showing in US stocks yesterday. As bond yields continue to climb, it is weighing on the overall risk mood. US futures are up marginally by 0.1% now but as...
Heads up: The infamous Jackson Hole symposium will be taking place next week
This year, the symposium will carry the theme of "Structural Shifts in the Global Economy". In 2022, the theme was "Reassessing Constraints on the Economy and Policy". As always is the case, the agenda and list of participants will only be finalised in the days...