Yesterday, the US ISM Services PMI beat expectations by a big margin and caused a selloff in the Dow Jones. The market pricing for future interest rates expectations turned a little bit more hawkish with basically a 50/50 chance of another hike in November and less...
Eurozone Q2 final GDP +0.1% vs +0.3% q/q second estimate
The negative revisions paints an even bleaker picture for the euro area economy as even Q2 growth was marginal at best. Looking at the breakdown:Household consumption flatGovernment expenditure +0.1%Gross fixed capital formation +0.1%External balance -0.4%Changes in...
UK businesses see lower inflation expectations for the year-ahead in August
One-year ahead inflation expectations seen at 4.8% (previously 5.4% in July)Three-year ahead inflation expectations seen at 3.2% (previously 3.3%)Current CPI perception seen at 7.8% (previously 8.4%)Full survey dataThat's at least some good news for the BOE but until...
Russell 2000 Technical Analysis – The bears are targeting a key support
Yesterday, the US ISM Services PMI beat expectations by a big margin and caused a selloff in the Russell 2000. The market pricing for future interest rates expectations turned a little bit more hawkish with basically a 50/50 chance of another hike in November and less...
China’s forex reserves fell by roughly $44 billion in August
The country's foreign exchange reserves fell to $3.16 trillion in August, down from $3.204 trillion in July - indicative of a $44.2 billion fall.Needless to say, they're not really burning through reserves to defend the yuan currency. That considering Beijing has...
Market Update – September 7 – Futures negative on Oil, rates rise, weak data; EU GDP ahead
European markets are heading for a lower open today (Thursday) with investors looking ahead to the Q2 GDP and employment change over the same period. Data continues to come in very weak from Germany where Industrial Production just showed a further decline after...
Dollar stays poised to start the session
It's a calmer start to proceedings but the dollar might find itself in the driver's seat soon enough once again. Equities are softening to start European trading, with S&P 500 futures now down 17 points, or 0.4%, on the day. The bond market is still relatively...
Gold Technical Analysis – Watch the US data
The US data has started to miss expectations in the past few weeks which gave Gold a tailwind as it’s sensitive to interest rates expectations. In fact, we saw the market repricing expectations on the more dovish side with no more rate hikes expected and rate cuts...
European equities slightly softer at the open today
Eurostoxx -0.2%Germany DAX -0.2%France CAC 40 -0.1%UK FTSE -0.3%Spain IBEX -0.1%Italy FTSE MIB -0.4%All eyes are staying on the bond market for further clues today but equities are not finding much of a reprieve so far this week. S&P 500 futures are also marked...
DAX Index: Navigating the Crossroads of European Markets
The DAX index, a European financial staple, tracks 40 prominent companies on the Frankfurt Stock Exchange. These aren’t your average firms; they’re the cream of the crop, representing the European business elite. Calculated meticulously using the...
퇴근 후 카톡하나로 월200 버는 법. 지금 안하시면 늦습니다! 당장시작하세요.
https://www.youtube.com/watch?v=KLEj90OJAKc 카카오톡 하나로 월 200 올리는 현실적인 부업입니다. 개인적으로 진행하면서 재미도있었는데요. 상대방과 대화하는 것을 좋아하시고 고민을 잘 들어주시는 분이라면 더욱 적성에 맞을 듯 합니다! 요즘 이것 저것 말도안되는 부업들도 많은데 한번 보시고 괜찮으시면 바로 시작부터 하시는 건 어떨까요? 부업은 세상에 너무나도 많습니다. 하지만 적성에 맞느냐 아니냐가 가장 중요한 부분도 있기에 일단 시작부터...
France July trade balance -€8.09 billion vs -€6.71 billion 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,...
French economy is ‘solid’ – Le Maire
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,...
FX option expiries for 7 September 10am New York cut
There is just one to take note of, as highlighted in bold.That being for EUR/USD at the 1.0700 mark, which could keep price action more limited above the figure level at least in the session ahead. That said, the two key drivers of trading sentiment right now are the...
BOJ’s Nakagawa: Further YCC tweak cannot be ruled out but is not an imminent issue now
Strong outcome in next year's wage talks would be a necessary condition, though not a sufficient one to contemplate pursuing end of negative ratesWant to look at various factors beyond wages in deciding future policy changesEssentially, the message that they are...
S&P 500 Technical Analysis – The sellers are back in control
Yesterday, the US ISM Services PMI beat expectations by a big margin and caused a selloff in the S&P 500. The market pricing for future interest rates expectations turned a little bit more hawkish with basically a 50/50 chance of another hike in November and less...
UK August Halifax house prices -1.9% vs -0.3% m/m expected
Prior -0.3%; revised to -0.4%House prices -4.6% y/yPrior -2.4%; revised to -2.5%The monthly drop in UK house prices is the steepest since last November, with the average home now costing £279,569, down by around £5,000 since July. Halifax notes that:“It’s fair to say...
Germany July industrial production -0.8% vs -0.5% m/m expected
Prior -1.5%; revised to -1.4%Looking at the breakdown:- Capital goods production -2.9%- Consumer goods production -1.0%- Intermediate goods production -0.7%- Energy production +2.2%- Construction production +2.6%Overall production in industry excluding energy and...
BOJ’s Nakagawa: No preset idea on order or timing on how to phase out easy policy
Sees equal degree of upside and downside risks to inflationCan exit NIRP when economy is strong enoughBut there is no preset idea on order or timing of thatIt depends on financial developments at the timeDoes not want to comment on FX levelsIt took them long enough to...
Switzerland August seasonally adjusted unemployment rate 2.1% vs 2.1% expected
Prior 2.1%The Swiss jobless rate continues to keep steady though the number of registered unemployed persons is seen rising from 87,601 in July to 89,881 in August. The unadjusted unemployment rate is seen ticking higher from 1.9% in July to 2.0% in August.MoneyMaker...