Author: FX
Short USD/ZAR: Top Trade OpportunitiesThe South African rand has been one of the worst performing currencies this year and reached all-time highs in early June 2023. The primary drivers for this move are not unfamiliar to ZAR traders and consists of the ever lingering political and economic headwinds as well as external risk sentiment and the US dollar. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter South African Fundamental BackdropPersistent issues including loadshedding and corruption remain as a hindrance to the local currency but recent improvements…
MFS Multi-Market Income Fund raises dividend by 0.2% Source link
Is Uncle Sam gearing up to print another strong jobs report? Or are we about to see a downbeat June NFP? Here’s what you need to know if you plan on trading this top-tier event: Event in Focus: U.S. Monthly Employment Situation Summary from the U.S. government for June 2023 When Will it Be Released: July 7, Friday: 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: U.S. Non-Farm Payrolls Change m/m: 224K forecast vs. 339K previous U.S. Average Hourly Earnings m/m: +0.3% m/m forecast vs. 0.3% m/m previous U.S. Unemployment…
Canada’s upcoming jobs release might determine whether or not the BOC can keep hiking. So what are market watchers expecting for this top-tier report? Here’s what you need to know. Event in Focus: Canada’s June Employment Data: Employment Change, Unemployment Rate When Will it Be Released: July 7, 2023 (Friday) 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Net of -10,000 jobs lost in June, following earlier 17.3K reduction in May Unemployment rate to tick higher from 5.2% to 5.4% Average hourly wages rate to slow to 4.3% vs. 5.1%…
> Canada S&P Global June manufacturing PMI 48.8 vs 49.0 prior Canadian manufacturing PMI slips in June Adam Button Tuesday, 04/07/2023 | 13:33 GMT-0 04/07/2023 | 13:33 GMT-0 ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
Share: Euro nos faces some selling bias below 1.0900 vs. the US Dollar. Stocks in Europe tarde in a moxed fashion on Tuesday. EUR/USD finds a comfort zone around the 1.0900 so far this week. Trade balance figures in Germany surprised to the downside in May. US markets are closed due to the Independence Day holiday. The Euro (EUR) is currently showing signs of being slightly undervalued after a session earlier this week that did not yield any clear results. Despite this, the EUR/USD pair has not been able to break through the critical level of 1.0900 this week, due…
Crude Oil Price, Charts and Analysis:Crude oil prices edge higher but remain in the doldrums.Saudi Arabia has reportedly extended its production cuts, Russia says it will reduce exports.However, tightening global monetary policy puts end-demand in serious doubt. Recommended by David Cottle Download the Newly Released Q3 Forecast on Oil READ MORE: What is OPEC and What is Their Role in Global Markets?Crude Oil prices rose very slightly in Tuesday’s trading but remain burdened by an unconstructive backdrop of plentiful supply meeting ever-more questionable demand.Key export titan Saudi Arabia announced on Monday that its one-million-barrel daily production cut will be extended…
Robert Way Alibaba (NYSE:BABA) is carrying out a strategic review of its video streaming platforms Youku and Tudou, Bloomberg News reported citing people with knowledge of the matter. One of the options under discussion is to fuse the assets into Alibaba Pictures Group and strengthen the business scope of the company. The move is part of the Chinese e-commerce giant’s efforts to reorganize its business as in March the company announced plans to split into six main parts, including e-commerce, media and cloud computing. With its Q4 results in May, then Alibaba CEO Daniel Zhang announced that the board had…
© Reuters. FILE PHOTO: A Ryanair Boeing 737-800 aircraft approaches Paris-Beauvais airport in Tille, northern France, September 27, 2018. REUTERS/Christian Hartmann/File Photo DUBLIN (Reuters) – Ryanair (RYA.I) flew a record 17.4 million passengers in June, its highest for a single month and a 9% increase from a year earlier, the low-cost carrier said on Tuesday. The previous traffic record of 17 million was set in May. The Irish airline, Europe’s largest by passengers carried, cancelled more than 900 flights, affecting some 160,000 customers, mainly due to air traffic control strikes last month. Flights were on average 95% full in June,…
Hawkish pause? Who she? In case you missed it, the Reserve Bank of Australia (RBA) just decided to keep its interest rates at 4.10%, surprising some traders who had priced in another 25bps rate hike. While the central bank maintained that “some further tightening of monetary policy may be required,” RBA members were more interested in having the “time to assess the state of the economy and the economic outlook.” Besides, RBA also noted that inflation has “passed its peak.” Phew! AUD/JPY 15-min Forex Chart by TV AUD dropped sharply and widely at the news, but more buyers jumped in…