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
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Monday: The New Zealand Services PMI fell further into contraction: BNZ Senior Economist Doug Steel commented: “The latest PCI readings suggest any bounce through the Q2 GDP figures will be short lived and are consistent with economic contraction returning. In this sense, the PMI and PSI results are more consistent with the RBNZ forecast of
© Reuters. In a week marked by financial developments, the Indian rupee closed higher on Friday, settling at 82.93 against the U.S. dollar, a weekly gain of 0.3%. This performance comes on the heels of an announcement by multinational investment bank JPMorgan, revealing its plans to incorporate India’s government bonds into its emerging market index.
Crude Oil, WTI, Brent, Saudi Arabia, China, Aramco, Fed, EIA, API, Backwardation – Talking Points Crude oil jumped to print fresh highs again yesterday Worries over China appear to be being ignored for now The oil market structure might be supportive of higher WTI Recommended by Daniel McCarthy Understanding the Core Fundamentals of Oil Trading
AUD/USD MARKET SENTIMENT ANALYSIS According to IG’s proprietary data, a substantial 79.55% of AUD/USD traders currently hold long positions, resulting in a bullish-to-bearish ratio of 3.89 to 1 as of late afternoon on Monday. The tally of clients who are net long has risen by 2.75% since yesterday and by 3.44% over the previous week.
Monday: BoJ Governor Ueda interviewed by Japanese media Yomiuri over the weekend said that his focus is on a “quiet exit” to avoid significant impact on the market: We could have enough data by year-end to determine whether we can end negative rates. Once we’re convinced Japan will see sustained rises in inflation accompanied by
UPCOMING EVENTS: Monday: NZ Services PMI, US NAHB Housing Market Index. Tuesday: RBA Meeting Minutes, Canada CPI, US Building Permits and Housing Starts. Wednesday: PBoC LPR, UK CPI, BoC Summary of Deliberations, FOMC Policy Decision. Thursday: NZ GDP, SNB Policy Decision, BoE Policy Decision, US Jobless Claims. Friday: Japan CPI, BoJ Policy Decision, UK Retail
Risk assets were generally on top this week thanks to net positive economic updates from the U.S. and stimulative efforts from China, supporting “soft landing” bets. Meanwhile, European currencies like EUR, GBP, and CHF lost pips as disappointing data releases highlighted the growth concerns in the region. So, how exactly did the major global assets
Challenger is reporting that they see the labor market starting to cool as the holiday season kicks off. They add: Employers are hiring at a slower clip Retailers have announced 55,755 job cuts through August US retailers will add 410K seasonal positions, which represents the lowest number of jobs added in the 1st quarter since
