The currency markets are quiet overall as focus now turns to US job data. The post BoE selloff in Sterling didn’t last long. Meanwhile, Dollar is still range bound against Euro and Yen. The greenback’s Read more…
US non-farm payroll report is a major focus today. Employment is expected to grow 250k in July. Unemployment rate is forecast to be unchanged at 3.6%. Average hourly earnings would maintain a growth pace of Read more…
Australia AiG Performance of Services rose 2.9 pts to 51.7 in July. Sales jumped 7.4 to 49.3. However, employment dropped -2.9 to 52.4. New orders rose 1.7 to 50.6. Supplier deliveries rose 5.9 to 47.6. Read more…
Cleveland Fed President Loretta Mester said that “interest rates continue to rise this year and into next year through the first half and maybe by then we can pause and we can start bringing them Read more…
USD/JPY: On the H4, price is slightly bullish biased as it fails to break the first support. It is now going to test at the first support at the first resistance where the 50% retracement Read more…
Key Highlights USD/JPY started a recovery wave from the 130.40 zone. It is facing a major hurdle near 134.00 and 134.20 on the 4-hours chart. Crude oil price is gaining bearish momentum below the $92.50 Read more…
Canadian employment likely returned to growth in July, Statistics Canada will show on Friday at 12:30 GMT, but the rebound may not be anything to celebrate. If that turns out to be the case, the figures Read more…
If the Employment Change is better than expected, this will help give the BOC confidence to hike again when it meets in September. The markets will be focusing on US Non-Farm Payroll data tomorrow, but Read more…
Investors appear convinced the Fed will slow down rate hikes despite officials indicating otherwise. Ahead of Friday’s US jobs report, bond yields and the dollar have both sold off again, and this has helped to Read more…
Short Term Elliott Wave View in Gold suggests rally from 7.21.2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 7.21.2022 low, wave 1 ended at 1739.27 and pullback in Read more…