Author: FX
The Reserve Bank of Australia’s Statement on Monetary Policy is released quarterly. The next is due on Friday August 4 at 11.30am Sydney time.0130 GMT, 9.30 pm US Eastern timeCommonwealth Bank of Australia on what to expect:The RBA will provide a full refresh of its economic forecasts as part of the quarterly Statement on Monetary Policy. Despite the lower than expected Q2 23 CPI, the forecasts previewed in the August post-meeting Statement suggest no change to the inflation profile since May. The profile for the unemployment rate also looks to have remained unchanged, with the RBA expecting a pick-up to…
Share: NZD/USD has taken a hit, declining by more than 1%, with a daily high previously at 0.6169. The US credit rating was downgraded from AAA to AA+, causing a surge in demand for the US Dollar and the Japanese Yen in the FX market. New Zealand’s unemployment rate rose to 3.6%, above expectations, and wage growth was weaker than anticipated, aligning with the RBNZ’s decision to end its tightening cycle. NZD/USD plunged more than 1% on Wednesday, courtesy of a risk-off impulse as US credit rating was downgraded by Fitch, sparking a jump in US Treasury bond…
Inari Medical GAAP EPS of $0.04 beats by $0.16, revenue of $119M beats by $2.28M Source link
JULY NONFARM PAYROLLS REPORTThe U.S. Bureau of Labor Statistics will release the July employment survey on FridayThe U.S. economy is expected to have added 200,000 jobs last month, following a gain of 209,000 jobs in June.The strength of the report relative to market expectations will determine the outlook for gold and the S&P 500 Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Gold Prices Feel the Squeeze as Yields Rocket Ahead of NFP, Key XAU/USD LevelsThe U.S. Bureau of Labor Statistics will release its…
© Reuters. Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky By Jonathan Stempel NEW YORK (Reuters) – The indicted FTX cryptocurrency exchange founder Sam Bankman-Fried is trying to stay out of jail for disclosing too much to the press, and enlisted one of the foremost American constitutional law experts for help. Laurence Tribe, the longtime Harvard Law School professor, in a Tuesday night court filing said Bankman-Fried’s disclosures to the New York Times about a former colleague appeared to fall short of the “clear and convincing evidence”…
The USDCAD moved above the 38.2% retracement of the move down from the May 2023 high at 1.3306.On the hourly chart, the buyers have been trending the pair to the upside over the last 2 days with little in the way of corrections.On the 5-minute chart, after correcting lower into the Asian session, the price of the USDCAD started to trend to the upside and use its 100-bar moving average on the chart as a support level to propel the pair to the upside (see blue line on the chart below).In this video, I analyze the technicals driving the USDCAD…
Are we about to see another upside NFP surprise? Or will the U.S. jobs figure fall short like it did last time? 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 July 2023 When Will it Be Released: August 4, 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: +203K forecast vs. +209K previous U.S. Average Hourly Earnings m/m: +0.3% m/m forecast vs. 0.4% m/m previous U.S.…
Share: USD/JPY trades flat at 143.35 after finding support at a low of 142.22. According to ADP, the number of employed people rose by 324k in July. Rising yields allowed the USD to gain traction. On Wednesday, the USD gained traction following hot labour market data from the US. The DXY index trades rose above the 100-day Simple Moving Average towards 102.70, its highest level since early July. Automatic Data Processing Inc. (ADP) revealed that the number of employed people in the US was 324,000 in July, higher than the 189,000 expected but lower than the revised figure of…
GBP/USD and GBP/NZD Analysis and ChartsUS dollar downgrade not showing in USD-crosses today.GBP/NZD multi-year high as NZ unemployment grows. Recommended by Nick Cawley How to Trade GBP/USD Rating agency Fitch took a red pen to the US credit rating yesterday, downgrading it from AAA to AA+ with a stable outlook. The move, hinted at in May by the agency, was due to an ‘erosion of governance’ and ‘expected fiscal deterioration over the next three years’. The agency pointed to the potential default in June this year due to a political stand-off over raising the debt ceiling as one of its…
Seanergy Maritime Non-GAAP EPS of $0.18 beats by $0.06, revenue of $28.3M beats by $1.55M Source link