Westpac note on the Fed, China, and the Australian dollar. The US economy and the equity market have proved much more resilient to the FOMC’s tightening cycle than earlier anticipated. Our expectation for (US) inflation … 6–month annualised inflation back at 2.0% by end–2023 and the annual rate around 2.0%yr by mid–2024. It is the
Share: XAG/USD peaked at a daily high of $24.80 then settled near the $24.15 area. US NFPs and PMI figures from August beat expectations. Still, wages decelerated, and Unemployment rose. The USD strength drove the grey metal downwards. At the end of the week, the XAG/USD closed with losses but managed to hold some
Share: AUD/USD retreated below the 20-day SMA towards 0.6450. The August NFP report from the US sent mixed signals from the US labour market. The Greenback benefited from higher-than-expected ISM PMIs. In Friday’s session, the USD initially dropped and found support at the 20-day Simple Moving Average (SMA) of 103.30 but then managed
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Treasury yields and the Dollar tumbled while equity futures rallied on the August jobs report that showed more cooling than expected. This report was close to Goldilocks with slowing in employment with a 2023 average monthly gain of 236k versus 399k for 2022. The unemployment rate jumped, due to a big surge in the labor
AUGUST LABOR MARKET REPORT August U.S. nonfarm payrolls increase by 187,000 versus 170,000 expected The unemployment rate rises to 3.8%, as the participation rate ticks up to 62.8% from 62.6% Average hourly earnings rise 0.2 % m-o-m and 4.3% y-o-y, one-tenth of a percent below estimates in both cases Trade Smarter – Sign up for
US Dollar, DXY Index, USD, Fed, GDP, China PMI, USD/JPY, Euro CPI – Talking Points The US Dollar was undermined by weak data that gave hope to equity bulls China saw good PMI numbers, but the property sector continues to weigh Markets appear to be data-focused for now. Will sluggish numbers push the USD lower?
The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate
Share: The Dollar has strengthened into the Jackson Hole Symposium and economists at ING think a hawkish tone by Fed Chair Powell is now largely priced in Powell’s hawkishness looks largely in the price The recent firmness in the Dollar probably factors in some of the markets’ expectations for a hawkish tone by
Nvidia’s stellar Q2 results failed to ripple through EU, UK and Chinese equity markets as worsening fundamental data weighs more heavily on sentiment لینک منبع : هوشمند نیوز
