Manheim used vehicle indexJuly prices -1.6% seasonally adjustedPrices -3.8% non-seasonally adjustedPrices down 11.6% y/y“The July drop of 1.6% is an indicator of slowing wholesale price declines, at least when compared to the month-over-month losses we’ve seen since...
Light US calendar today. Canada on holiday
The US economic calendar today is largely bare. There are no market moving economic data releases, though we do get employment trends data, consumer credit and the Mannheim used vehicle index.The lone speaker on the agenda was the Fed's Bowman and her comments are...
Fed’s Bowman repeats that she expects additional rate increases
Will be looking for evidence that inflation is on a 'consistent and meaningful' downward path in making decisionsInflation still significantly above 2% targetBowman laid out similar comments on the weekend with the focus being on the plural for rate increases. The...
Goldman Sachs commodity analyst Jeff Currie to retire
Goldman Sachs head of commodities research Jeff Currie announced his retirement today.The 56-year-old is probably the most well-known commodities forecaster. He rose to fame with his commodities supercycle call in 2004 and dusted off that playbook again in 2021.Most...
ForexLive European FX news wrap: Dollar steadies itself in slow start to the week
Headlines:Markets:NZD leads, CHF lags on the dayEuropean equities lower; S&P 500 futures up 0.3%US 10-year yields up 3.7 bps to 4.098%Gold down 0.3% to $1,935.74WTI crude down 0.9% to $82.04Bitcoin up 0.4% to $29,035It was a quiet session as markets are observing...
스마트폰 자동부업 1번만 해두면 월급 100 올려주는 자동부업. 누구나 가능합니다. 먼저올릴수록 유리합니다 ! 빨리하세요
https://www.youtube.com/watch?v=DjHC2-0NOaA 안녕하세요. 오랜만에 인사드립니다. 돈버는 정보입니다. 오늘은 스마트폰으로 할 수 있는 딱1번만 해도 돈이들어오는 자동부업 소개해드리려고 합니다. 내 폰에 있는 사진으로 돈을 버는 부업인데 이걸 누가사? 하는 사진들도 올리면 은근히 사가는사람들이 많습니다. 우리한테는 당장 필요없는 것들이 누구한테는 당장 필요한 물건일 수 있으니까요. 이 자동부업은 다들 잘되려고 올리는게 아닌 그냥 올렸는데 대박난...
Gold Technical Analysis – Watch this key support for the next move
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected and we saw a brief rally in Gold. The...
Dollar recovers some poise after Friday drop
The dollar is holding higher across the board today as a rebound in bond yields is also helping. 10-year Treasury yields are up 5 bps to 4.116% and that is helping to prop up the greenback as well. Of note, EUR/USD is down 0.4% to 1.0966 at the lows for the...
Nasdaq Composite Technical Analysis – Last line of defence for the Bulls
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nonetheless, the unemployment rate fell once...
Fed’s Williams does not rule out possibility of rates cuts next year
Inflation is coming down as hopedExpects unemployment to rise slightly as the economy cools, personally sees unemployment rate rising above 4% next yearDoes not rule out possibility of lowering rates in early 2024It all depends on the economic dataWell, that's one of...
Market Update – August 7 – ‘Soft landing’ or even ‘no landing’?
A smaller than expected 187k NFP rise and -49k in downward revisions to May and June provided the spark for the bond market to correct from the post-Fitch and supply driven selloff. The belly of the curve outperformed as the jobs report did not alter Fed policy...
Dow Jones Technical Analysis – Risk of a fakeout is ominous for the Bulls
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nonetheless, the unemployment rate fell once...
Eurozone August Sentix investor confidence -18.9 vs -24.3 expected
Prior -22.5After three straight months of worsening sentiment, euro area investor confidence surprisingly improved in August. Germany is acknowledged as being the "sick man" of the region at the moment but investors are seeing a more positive outlook on inflation....
Chancer Announces BitMart Exchange Listing as Presale Races Past $1m Mark
Chancer, one of the most exciting new crypto projects in 2023, has raced past the significant $1 million fundraising milestone. This coincides with the announcement that their first exchange listing will take place on BitMart – a hugely popular exchange with users in...
SNB total sight deposits w.e. 4 August CHF 492.9 bn vs CHF 490.1 bn prior
Domestic sight deposits CHF 477.4 bn vs CHF 479.3 bn priorAfter the Credit Suisse fiasco, Swiss sight deposits have fallen back but are seen stabilising somewhat in the past few weeks. Perhaps the SNB is reaching a point where they are okay with the current policy...
EUR/USD Price Forecast: Euro on Offer as German Industrial Production Contracts
EUR/USD ANALYSISUSD rebounds.German industrial production withers by 1.5%.Fed speakers under the spotlight later today. Recommended by Warren Venketas Get Your Free EUR Forecast Get My Guide EURO FUNDAMENTAL BACKDROPAfter Friday’s rally post-NFP, the euro lost some of...
Russell 2000 Technical Analysis – The rejection of the key resistance is ominous
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nonetheless, the unemployment rate fell once...
Market Outlook for the Week of 7 – 11 August
The RBA kept interest rates unchanged last week and emphasized the potential for future rate increases in case inflation rises again. The Bank is currently taking a wait-and-see approach to gauge the impact of past tightening.The BoE hiked rates by 25bps which was...
FX option expiries for 7 August 10am New York cut
There is just one to take note of for the day, as highlighted in bold.That being a large set of expiries for EUR/USD at 1.0940-50, which may limit price action a little to the downside during the session ahead. But the more important supportive technical level is the...
European equities marked lower at the open today
Eurostoxx -0.3%Germany DAX -0.4%France CAC 40 -0.2%UK FTSE -0.2%Spain IBEX -0.2%The opening losses today isn't too bad and is in part a catch up to the losses seen on Friday in US equities after the European close. The intensifying mood in Russia and Ukraine is also...