First of all a reminder: US and Canadian cash markets will be closed today because of the Labour Day celebration, obviously resulting in diminished flows this afternoon. Going back in chronological order, APAC is led by the excellent performance of the China50 and especially Hong Kong where a surge on real estate stocks helped the
Share: Next week, the Reserve Bank of Australia (RBA) will announce its monetary policy decision. Analysts at Wells Fargo point out that due to clear signs of economic slowdown and indications of easing price pressures, they believe RBA policymakers will be comfortable maintaining the policy rate at 4.10%. Key Quotes: While RBA policymakers
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 August 28 to September 1, 2023. Markets have been highly volatile sometimes, but let’s talk about everything in order. For convenience and timely receipt of signals I use
Mon: US & Canadian Labour Day; German Trade (Jul), Swiss GDP (Q2), EZ Sentix (Sep) Tue: RBA Policy Announcement; Final Composite & Services PMIs (Aug), EZ Producer Prices (Jul), US Factory Orders (Jul) Wed: BoC Policy Announcement; German Industrial Orders (Jul), EZ & UK Construction PMIs (Aug), US ISM Services PMI (Aug), Canadian Trade Balance
US oil and natural gas drilling rigs Oil rigs unchanged at 512 Gas rigs down 1 to 114 Oil rigs down 16% from the peak If I’m OPEC+ and looking at this, I feel totally in control. There’s no surge of US production coming to counter OPEC cuts. Some notes from John Kemp: Based on
SPX weekly chart Closing changes: S&P 500 +0.2% DJIA +0.3% Nasdaq Comp flat Russell 2000 +1.0% Toronto TSX Comp +1.2% Weekly: S&P 500 +2.5% DJIA +1.4% Nasdaq Comp +3.2% Russell 2000 +3.6% Toronto TSX Comp +3.5% There were some larger divergences with energy leading the way today behind a 2.0% rise in the XLE ETF.
Investing.com – The U.S. dollar edged lower in early European trade Friday, on course to end a six-week winning streak ahead of the release of the highly-anticipated monthly U.S. jobs report. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 103.544,
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EUR/USD, EUR/GBP PRICE FORECAST: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter WEEKLY FORECAST: US Dollar Forecast: Powell Adopts Hawkish Tone but DXY Eyes Potential Retracement The Euro appears to be eyeing a temporary reprieve and recovery on Monday following a
Wall Street managed to get through the Jackson Hole Symposium unscathed (DJIA +0.73%; S&P 500 +0.67%; Nasdaq +0.94%), despite a hawkish takeaway from Fed Chair Jerome Powell last Friday. The general view may be that market participants were already priced for a hawkish outcome in the lead-up to his speech, which allows room for some
