UPCOMING EVENTS: Monday: BoJ Meeting Minutes. Tuesday: Japan Wage data, Chinese Trade data, RBA Policy Decision, Switzerland Unemployment Rate, Eurozone PPI. Wednesday: Eurozone Retail Sales, BoC Summary of Deliberations. Thursday: BoJ Summary of Opinions, Chinese Inflation data, US Jobless Claims, New Zealand Manufacturing PMI. Friday: UK GPD Q3 Preliminary, University of Michigan Consumer Sentiment. Tuesday
Thanks to falling Fed rate hike expectations, USD was a big loser & risk-on sentiment was turned back on, leading to big wins from AUD & NZD! لینک منبع : هوشمند نیوز
ECB’s Vujcic (neutral – voter) confirmed that the tightening cycle has ended, and the ECB will now hold rates steady for as long as necessary to get back to their 2% inflation target: We have finished with the process of raising interest rates for now. At this moment we see that inflation is falling, we
Share: Mexican Peso gains as US Nonfarm Payrolls expand by only 150K, missing the 180K forecast. Weak US jobs report fuels speculation of multiple Fed rate cuts in 2024, as futures markets indicate. USD/MXN reacts to US labor market cooling, with the Peso hitting a two-month high and US Dollar Index falling. Mexican
© Reuters Investing.com – The U.S. dollar weakened in early European trade Friday, extending earlier losses as traders positioned for the end of the Federal Reserve’s rate-hiking cycle, although moves have been limited ahead of the release of key nonfarm payrolls data later in the session. At 03:20 ET (07:20 GMT), the Dollar Index, which
S&P 500 weekly chart Closing changes on the day: S&P 500 up +1.00% DJIA +0.7% Russell 2000 +2.7% Nasdaq Comp +1.4% Toronto TSX Comp +1.0% On the week: S&P 500 up 5.9% — best since Nov 2022 DJIA +5.1% Russell 2000 +7.6% — best since Feb 2021 Nasdaq Comp +6.6% Toronto TSX Comp +5.8% The
UPCOMING EVENTS: Monday: Australia Retail Sales. Tuesday: Japan Jobs data, Japan Retail Sales and Industrial Production, Chinese PMI, BoJ Policy Decision, Swiss Retail Sales, Eurozone GDP and CPI, Canada GDP, US ECI, US Consumer Confidence, New Zealand Jobs data. Wednesday: Chinese Caixin Manufacturing PMI, US ADP, Canada Manufacturing PMI, US ISM Manufacturing PMI, US Job
Geopolitical and economic news flow stayed elevated this week, with both good and bad developments keeping price action mostly in a range. The War premium faded a bit early on as major escalation from Israel was pushed back through Thursday, and traders still had plenty to worry about with global growth, inflation and interest rate
Share: The GBP/JPY slipped back towards the 181.00 handle heading into the Friday close. The Yen is seeing recovery across the marketspace, sending the GBP down 1.3% from the week’s high. BoJ policy statement due next Tuesday, BoE rate call Thursday. The GBP/JPY twisted back into familiar low side territory for the week,
The Aussie dollar took the top spot this week, closely followed by the Japanese yen, both likely bid higher after strong inflation updates hit the wires from their respective countries. And unfortunately for Loonie bulls, the Canadian dollar was the biggest loser, likely driven lower by falling oil prices and net negative commentary from the
