Canada employment fell -6.4k in July, below expectation of 15.5k growth. Unemployment rate rose from 5.4% to 5.5%, matched expectations, and marked the third consecutive monthly increase. Average hourly wages growth jumped from 4.2% yoy Read more…
To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture Read more…
To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture Read more…
To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture Read more…
Gold price could restart a steady increase above the $1,990 resistance. Crude oil price is rising and it could climb further higher toward $85. Important Takeaways for Gold and Oil Prices Analysis Today Gold price Read more…
Daily Pivots: (S1) 0.9550; (P) 0.9582; (R1) 0.9602; More… Intraday bias in EUR/CHF remains neutral and outlook stays bearish with 0.9670 support turned resistance intact. On the downside, break of 0.9520 will resume the fall Read more…
Markets And another sell-off in core bonds yesterday. US Treasuries underperformed, especially at the long end. Yields shot up between 0.3 (2-y) and 11.6 (30-y) bps. It’s an extension of what has been happening all Read more…
The imminent NFP report poses a potential quandary for both Fed and market participants. On one hand, steady job growth aligns with Fed’s intention to engineer a soft landing for the US economy. On the Read more…
In the quarterly Statement on Monetary Policy, RBA reiterated that “some further tightening of monetary policy may be required”. This decision, however, would hinge on the incoming data and the evolving assessment of risks. Economic Read more…
Crude prices rally after Saudis signal output cuts can be extended or deepened Gold struggles as bond market selloff extends; 10-year Treasury rises 11.4bps to 4.191% Bitcoin’s tight range narrows to $28,900 to $30,100 Oil Read more…