Summary The ongoing deterioration in the jobs market was on full display in the July Employment report. Nonfarm payrolls posted the second smallest gain in 3.5 years with an increase of 114K, average hourly earnings Read more…
Beverage brands tend to either last forever of flame out quickly. Coca-Cola was first sold in 1886 while Pepsi came a few years later in 1893, although it wasn’t called by that name at first. Read more…
RBA decides on policy as hike bets disappear BoJ Summary of Opinions awaited for more hike hints After Fed, dollar turns to ISM non-mfg PMI New Zealand and Canada jobs data also on tap Will Read more…
Markets Markets are trembling. US payrolls missed expectations by a significant margin as employment only grew by 114k (175k consensus). Last month’s reading was revised down by about 30k. The unemployment rate unexpectedly rose to Read more…
The Swiss franc has posted sharp gains in the North American session on Friday. USD/CHF is currently trading at 0.8754, up 0.86% on the day. The Swiss franc is on a roll and is trading Read more…
Non-farm employment rose by 114k in July, considerably below the consensus forecast calling for a larger gain of 175k. Job gains in the two prior months were revised a bit lower, subtracting a combined 29k Read more…
Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s strong rebound and break of 1.0869 resistance suggests that pullback from 1.0947 has completed as a correction a 1.0776. More importantly, rise from 1.0601 is Read more…
Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… Intraday bias in GBP/USD is turned neutral first with current strong recovery. Another fall will remain in favor as long as 1.2863 resistance holds. Below 1.2706 Read more…
Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… USD/CHF’s decline from 0.9223 continues today and break of near term falling channel support indicates downside acceleration. Intraday bias stays on the downside. Sustained trading below Read more…
Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… USD/JPY’s steep decline from 161.94 reaccelerates to as low as 147.01 so far. There is no sign of bottoming yet and intraday bias stays on the Read more…