As we noted in our Fundamental Analysis today, data on GDP, the labor market, and inflation are the determining factors for the Fed when planning monetary policy parameters. If the official employment data due on Friday (at 12:30 GMT) also turns out to be strong, Fed officials will have an additional argument in favor of
Share: USD/CAD seesaws at the highest level in a month, making rounds to 1.3350 during early Friday morning in Asia, as traders await the top-tier employment statistics from the US and Canada for July. It’s worth noting that the Loonie pair trader’s doubts about the US Dollar’s latest retreat jostle with the firmer
Inflation in the UK is slowing down. However, it remains the highest among all developed countries. Thus, from the report of the Office for National Statistics, published on July 19, it follows that annual inflation in the UK in June fell to 7.9% (stronger than the forecast of 8.2% and significantly lower than the May
UPCOMING EVENTS: Monday: China PMIs, EZ GDP, EZ CPI. Tuesday: RBA Policy Decision, EZ Unemployment Rate, US ISM Manufacturing PMI, US Job Openings. Wednesday: NZ Jobs Report, US ADP. Thursday: Swiss CPI, BoE Policy Decision, US Jobless Claims, US ISM Services PMI. Friday: US NFP, Canada Jobs Report. Monday: The Eurozone CPI Y/Y is expected
Major US stock indices are off to a positive start. Earnings overnight came in better than expectations and that has been the trend this week (generally speaking). The prices are rebounding as well after yesterday’s decline which saw the Dow industrial average snap its 13 day winning streak. All good things have to come to
> These videos will kickstart your trading week in the forex market Technical review of some of the major currency pairs for the week starting July 31, 2023 EURUSD: USDJPY: GBPUSD: AUDUSD: ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW
It is expected, with a probability of almost 100%, according to the CME Group, that the Fed will raise interest rates by 25 bp to 5.5%, and this decision is already priced in. But here’s how the Fed leaders will act further in relation to the parameters of monetary policy, here the intrigue remains. Many
Markets Reigned In Tightening Expectations Oil prices rose with stock markets last week as tightening expectations were reigned in. Supply restrictions are also starting to bite, although China’s weak recovery continues to weigh on sentiment, and the IEA cut… لینک منبع : هوشمند نیوز
TD is anticipating that the Fed will raise rates by 25 basis points, which will be the final increase. Even so, the analysts go on, the FOMC will likely continue to validate the dots while maintaining a hawkish tilt. It follows the tried-and-true “have your cake and eat it too” strategy. TD says they believe
Monday: China CPI missed expectations coming at 0.0% vs. 0.2% expected for the Y/Y reading and -0.2% vs. 0.0% expected for the M/M figure. Moreover, the PPI Y/Y came at -5.0% vs. -4.6% expected. These figures signal that China is sliding into deflation, and we should see stronger easing measures being adopted soon. China CPI
