TD Securities has projected a 180k increase in Non-Farm Payrolls (NFP) for August, exceeding the consensus expectation of 168k. The bank also forecasts the unemployment rate to remain stable at 3.5%, aligning with the general consensus. According to TD, wage growth is...
September seasonals highlight a painful backdrop for stock markets
August isn't over yet but looking back at the August seasonal trends post, this month has gone almost exactly to script. At the start of the month, I highlighted how it was a tough month for risk trades and that is what has unfolded along with pain in NZD/USD, which...
White House says it’s increasingly confident that Prigozhin died in plane crash
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,...
US sells 5-year notes at 4.400% vs 4.399% WI bid
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,...
Gold rises to the highest since August 10
Gold dailyGold has started the new week on a strong note as the FX market largely remains range-bound in part due to a UK holiday. It's up $7 to $1921 after touching $1925, which was the highest in more than two weeks.The gold market is responding to bonds. Yields are...
European equity close: Great start to the week with Spanish stocks leading the way
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,...
Judge schedules Trump trial for election interference case for March 4, 2024
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,...
US Treasury sells 2-year notes at 5.024% vs WI yield of 5.028%
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,...
Tropical storm Idalia set for collision with Florida
The oil market is keeping a close eye on Idalia as the tropical storm crosses Cuba and then heads for open water south of Florida.The NHC expects the storm to make landfall as a Category 3 hurricane on Wednesday in the area north of Tampa Bay.The track of the storm...
Dallas Fed August manufacturing index -17.2 vs -20.0 prior
Dallas FedPrior was -20.0Output (production) -11.2 vs -4.8 priorNew orders -15.8 vs -18.1 priorEmployment +4.3 vs +10.0 priorOutlook -18.4 vs -16.9 priorPrices paid for raw materials +17.4 vs +10.5 priorPrices received +1.8 vs +2.3 priorWages +34.9 vs+19.1The wages...
Goldman Sachs: “USD remains tough to beat as key economic data loom”
US dollar index dailyAs the US dollar holds steady ahead of a critical week of economic data releases, its resilience in the global financial markets remains unshaken. While some analysts are eyeing potential factors that could soften the currency, Goldman Sachs...
Your Success, Our Commitment: Kwakol Markets’ Advanced Tools and Analytics
Kwakol Markets, a leading multi-asset broker based in Nigeria, is setting a new standard in empowering traders with cutting-edge tools and comprehensive market analytics. Their commitment to traders' success shines through a range of innovative features and platforms,...
Brent oil breaks above $85 as Friday’s high gives way
brent dailyEnergy is leading the way today as the market feels better about China and the overall risk picture. Brent crude oil is leading the charge today, up around 0.6% and above $85 for the first time in a week.In the bigger picture. there is mounting evidence...
US equities post a strong start with the Nasdaq leading the way
Futures pointed to a 20-point gain for the S&P 500 at the open but the cash market has proven more upbeat, rising 32 points or 0.7%. Tech stocks are doing the heavy lifting with the Nasdaq up 0.9%. Keep an eye on Nvidia though as it's just dipped into negative...
US equities set for a solid start to the week
S&P 500 futures dailyThere was an ugly, outside day in US equities on Thursday of last week but the market found a footing on Friday and futures are higher again today. S&P 500 futures are up 21 points, or 0.5%, to 4435 ahead of the open. Implied odds of a Fed...
Light US economic calendar kicks off the week
Risk trades are solid out of the gate but trading is light in the FX market with the UK on holiday. The US dollar is edging lower and Australian dollar creeping higher at the moment but it's all within the daily ranges.Yields are slipping 1-4 bps across the curve in a...
ECB’s Nagel: We will see what we have to do in Sept, I will give no signals today
ECB's NagelThe Bundesbank President isn't giving anything up today but his other recent comments suggest that he will be pushing to hike rates.Today's focus though is banking and he said that he's confident that the banking resolution framework would work if...
ForexLive European FX news wrap: Quiet markets with London out
Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields flat at 4.239%Gold flat at $1,914.73WTI crude down 0.2% to $79.70Bitcoin down 0.3% to $25,951It was a quiet session with London out on holiday today,...
Nasdaq Composite Technical Analysis – Watch these key levels
Last week was the Jackson Hole Symposium week and we have heard from many Fed members about their opinions on the momentary policy going forward. There seems to be a consensus for a pause in September as they try to “carefully” assess the lag effects of their...
ECB’s Holzmann: There is a case for rate hike if no surprises turn up
Not in the clear yet on inflationECB is behind the curve, can assess policy once at 4%Should start debate on ending PEPP reinvestmentsHe looks to be trying to push for it but it is quite evident that not all ECB policymakers are sharing this view. In terms of market...