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...
S&P 500 Technical Analysis – These levels will be key for the next direction
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...
UK July Halifax house prices -0.3% vs -0.1% m/m prior
Prior -0.1%House prices -2.4% y/yPrior -2.6%This marks the fourth straight month that UK house prices have fallen, according to Halifax's measure. It is a sign of the times as housing market conditions have certainly peaked with higher interest rates now weighing on...
Germany June industrial production -1.5% vs -0.5% m/m expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Switzerland July seasonally adjusted unemployment rate 2.1% vs 2.0% expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Japan June leading indicator index 108.9 vs 109.1 prior
Coincident index 115.2Prior 114.3The overall assessment of the coincident index is still seen as "improving" with the index now hitting its highest since August last year. It still just marks a gradual recovery as overall conditions are still behind pre-Covid...
Forexlive Asia-pacific FX news wrap 6 Aug: The dollar is mixed to higher led by the USDJPY
The week got off to a slow start as there was little in the way of economic news to trigger much market reaction. The USD opened little changed at the start of the session and currently has mixed gains and losses vs the majors. Recall on Friday, the US jobs data...
How has the Fed pricing shifted after Friday’s jobs report?
Here's a look at the change in the Fed funds futures curve after the Fed policy decision in July and after the US non-farm payrolls last Friday:The change is rather minimal but that's essentially it, isn't it?As things stand, traders are not pricing in any more rate...
Yellow Corporation files for Chapter 11 bankruptcy in US District Court
Yellow Corp., a 99-year-old trucking firm and the third largest less-than-truckload carrier in the U.S., has filed for bankruptcy. This decision follows the Teamsters Union's refusal to offer financial concessions to the struggling firm. About 22,000 Teamsters will...
USDJPY trades to a new session high
The USDJPY opened up near its 200-hour moving average at 141.70 and did break below that moving average level and the 38.2% retracement of the move up from the July 28 low at 141.656. However, momentum cannot be sustained on the price of bounce back higher. The pair...
Ftich weighs in on China local-government financing vehicles
> Ftich weighs in on China local-government financing vehicles <!--> --> <!--> --> Fitch says Chinese authorities are likely to implement further measures to ease refinancing pressure at local-government financing vehicles (LGFVs).Fitch says we...
EURUSD dips back below its 200 hour moving average at 1.1001
EURUSD falls below its 200 hour moving averageThe EURUSD broke above its 200-hour moving average for the 1st time since July 20 during Friday's trade and extended upward toward the high from last Monday at 1.10449, and the high from Friday, July 28 at 1.10467....