It’s a light data agenda ahead to open the week in Europe: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to
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
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.
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
Prior month manufacturing PMI 47.9. Services PMI 50.5 Manufacturing PMI 48.9 versus 48.0 estimate Services PMI 50.2 versus 50.6 estimate Composite PMI 50.1 versus 50.2 last month Mixed report vs expectations. Manufacturing remains below the 50 level indicative of contraction. Services remain just above the 50.0 level as it clings to growth. The services PMI
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
EUR/USD: Verbal Interventions by the Federal Reserve Support the Dollar ● In previous reviews, we extensively discussed the verbal interventions made by Japanese officials who aim to bolster the yen through their public statements. This time, similar actions have been taken by FOMC (Federal Open Market Committee) officials, led by the Chairman of the Federal
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