There was some speculation that France would get involved in restoring Niger’s government after the recent coup but instead they have pulled out. France will end military cooperation and has recalled its ambassador. Niger is the world’s 22nd largest country but it’s extremely poor and has an extraordinarily young population and has the world’s highest
Brief Summary: The nonfarm payrolls figure released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business, within the States. The payrolls figure can change significantly month on month, due to its high correlation with economic policy decisions made by the US Central Bank. The
Share: Economists at Crédit Agricole highlight uncertainties surrounding a potential US government shutdown and its implications for the USD. Some relief and support to the USD if a resolution to prevent the shutdown is reached before the deadline The expectation is that a resolution will be reached before the 1 October deadline, possibly
The week’s primary focus revolved around central bank actions in response to persistent inflation and economic slowdown signals. The New Zealand dollar emerged as the top-performing currency, while the British pound struggled to last place as sentiment stemming from the Bank of England’s recent shift in policy stance weight on Sterling. Missed the major forex
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from September 18 to 22, 2023. There were opened a total of 4 trades in two currency pairs. For convenience and timely receipt of signals I use the Owl Smart Levels Indicator.
Share: GBP/JPY trading into the 181.50 handle, on the low side for the week. The Pound Sterling lost ground across the board this week after a dovish twist from the BoE. The BoJ continues to maintain their easy monetary policy stance. The GBP/JPY is ticking into the south side of the 181.50 handle after the
Recommended by Daniel Dubrovsky How to Trade EUR/USD The US Dollar experienced mixed performance against its major peers this past week. Looking at the chart below, the British Pound was the worst performer weakening about -1.2%. Meanwhile, the New Zealand Dollar was better off, rallying around 1.1%. Meanwhile, Wall Street took a plunge in the
Share: Gold prices see a recovery, achieving gains of 0.25%, driven by a reversal in US bond yields, with the 10-year note coupon dropping from a 16-year high of 4.51% to 4.44%. Federal Reserve officials express a cautious stance, emphasizing the need for patience despite the necessity for further rate hikes to control
UPCOMING EVENTS: Monday: German IFO. Tuesday: US Consumer Confidence. Wednesday: BoJ Meeting Minutes, Australia Monthly CPI, US Durable Goods Orders. Thursday: Australia Retail Sales, US Q2 Final GDP, US Jobless Claims. Friday: Japan Tokyo CPI, Japan Unemployment Rate, Japan Retail Sales, UK Q2 Final GDP, Eurozone CPI, Canada GDP, US Core PCE. Tuesday The US
Following a bustling week with significant Central Bank decisions in the limelight, the upcoming week holds the potential for a quieter economic events calendar. The FX market may be influenced by month-end rebalancing. Highlights for Tuesday include Japan’s BoJ Core CPI y/y data and the release of CB Consumer Confidence, New Home Sales, and the
