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. Nevertheless, the unemployment rate fell once...
US July NFIB small business optimism index 91.9 vs 91.0 prior
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,...
Market Update – August 8 – Risk Appetite Picked Up
Risk appetite picked up,the US Dollar has been supported as Yields backed up and US futures outperformed. On the other hand, the advent of the August refunding supply left Treasuries heavy, especially in the wake of the debt warnings from the Fitch downgrade. Further...
Equities stay cautious as bond yields slide back down as well
If there's one thing you have to look at today, it is that things aren't going well in China. The trade balance data from earlier was rather poor and that seems to be reigniting recession risks now in European trading. Stocks are pushed lower still while we are seeing...
AUD/USD undoes it recent bounce, stays on course towards 0.6500
AUD/USD daily chartThe pair caught a bit of a light breather in the past few sessions before all it needed was just one more poor data point out of China to knock it back down. The Chinese trade balance figures today were poor and it also highlighted a further fall in...
USDCAD Technical Analysis – The pair looks set to reach new highs
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. Nevertheless, the unemployment rate fell once...
Eurozone consumers anticipate lower inflation but weaker spending power – ECB survey
Inflation over the next 12 months seen at 3.4% (previously 3.9%)Inflation 3 years ahead seen at 2.3% (previously 2.5%)The good news at least is that this points to lower inflation expectations, adding to evidence that the ECB's rate hikes are feeding through to the...
AUD Price Forecast: Aussie Hit by China Trade Data
AUD/USD ANALYSIS & TALKING POINTSConcerns around Chinese economy increase leaving AUD under pressure.Fed speakers under the spotlight later today.Bears eye 0.6500. Recommended by Warren Venketas Get Your Free AUD Forecast Get My Guide AUSTRALIAN DOLLAR FUNDAMENTAL...
GBPUSD Technical Analysis – The sellers are in control
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. Nevertheless, the unemployment rate fell once...
France June trade balance -€6.71 billion vs -€8.00 billion 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,...
EURUSD Technical Analysis – Everything revolves around this key level
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. Nevertheless, the unemployment rate fell once...
Germany July final CPI +6.2% vs +6.2% y/y prelim
HICP +6.5% vs +6.5% y/y prelimNo change to the initial estimates but bear in mind that the annual reading might be a little distorted due to dampening effects (government measures to curb inflation) from June to August last year. Overall, core annual inflation stands...
Trade ideas thread – European session 8 August 2023
The dollar continues to hold firmer and barring any surprise headlines, is likely to keep steadier until we get to the US CPI report later this week. That will mark the next test for the greenback after the non-farm payrolls last Friday. For now, the Fed outlook...
It’s that time of the year again
We're still pretty much caught in peak summer season in Europe and the US, so that should lead to liquidity conditions being sapped somewhat in markets. If not, there should be a distinct lack of appetite especially on days where there might not be much on the...
FX option expiries for 8 August 10am New York cut
There aren't any major expiries nearby the current spot levels for today. As such, price action will rely more on the market mood and technicals mostly. But keep in mind that we are in peak summer in Europe, so liquidity conditions aren't the best and that means there...
Forexlive Asia-pacific FX news wrap 7 Aug. The USD funs higher to start new trading day.
The USD moved higher in the Asian session. The USDJPY started the greenbacks run to the upside. Technically, the pair moved above the 100-hour MA at 142.625. The Nikkei 225 moved higher. The run to the upside caught the attention of the other currencies:The EURUSD...
Dollar keeps in a firmer spot to start the day
There was some pushing and pulling yesterday but overall, the dollar is keeping steadier so far in the new week. Looking at the events so far today, we saw a stronger Chinese yuan fix by the PBOC but that has been well offset by a rather poor trade balance report...
What is ahead in the European and North American session
2:00amEURGerman Final CPI m/m: Forecast 0.3% vs Previous 0.3%2:45amEURFrench Trade Balance: Forecast -8.0B vs Previous -8.4B6:00amUSDNFIB Small Business Index: Forecast 91.2 vs Previous 91.08:15amUSDFOMC Member Harker Speaks8:30amCADTrade Balance: Forecast -2.8B vs...
China trade balance for July USD 80.6 billion versus expected USD 70.6 billion
China trade balance USD comes in at 80.6 billion versus expected 70.6 billion. Previous 70.62 billionExports YoY felt -14.5% versus expectations -12.5% (previous -12.4%)Imports YoY fell -12.4% vs expected -5.0% (previous -6.8%)Although the surplus was higher, the mix...
Japan Chief Cabinet Sec. China hacking into Japan’s defense cyber networks not confirmed
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,...