Author: FX

Prior month 9.824M (lower than the 9.935M estimate). Prior month revise to 9.616MJob Openings 9.582M vs 9.610M estimateThe rate of job openings was also unchanged at 5.8%.The number of hires in June decreased to 5.9 million (-326,000), while the hire rate was little changed at 3.8%. The decrease in hires was seen in durable goods manufacturing (-54,000) and finance and insurance (-54,000)Total separations, including quits, layoffs and discharges, and other separations, decreased in June to 5.6 million (-288,000). The rate of separations was little changed at 3.6%The number of quits decreased to 3.8 million (-295,000) and the quit rate to…

Share: The USD is trading firmer overall. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes Greenback’s outlook. DXY resistance sits at 102.50 Last week’s squeeze higher in the USD around Thursday’s ECB policy decision had paved the way for the USD to strengthen a little more and investors sense a stronger USD is the path of least resistance right now. I still rather feel that short term gains in the DXY will give way to renewed losses in the longer run but there is clearly decent momentum developing under the USD rebound here. DXY resistance sits at 102.50.…

Gold Price (XAU/USD), Silver Price (XAG/USD) Analysis, Price, and ChartGold’s volatility touches a multi-month low.Silver struggling to hold a prior level of resistance turned support. Recommended by Nick Cawley Get Your Free Gold Forecast Financial markets are in the middle of a holiday-thinned trading lull with volume and volatility suffering. Later on this week, there are a few potential market-moving events and data releases. On Thursday the latest look at US ISM services will need to be followed, while a host of big-name US earnings releases will be announced after the stock market closes on the same day. Amazon and…

Jui-Chi Chan/iStock via Getty Images The Macau Gaming Inspection and Coordination Bureau reported gross gaming revenue in the gambling region rose 4,086% year-over-year in July to $16.6B patacas ($2.07B) against a soft comparable to last year when travel restrictions were in place for several weeks. The consensus-topping tally also represented a 9.6% increase from June and was the highest since the pandemic, although it still fell about 30% below the pre-pandemic level of gross gaming revenue in July of 2019. For the first seven months of 2023, Macau gross gaming revenue was up 263% year-over-year to $96.80B patacas. The return…

(Reuters) – It only takes just a fraction of a second to suffer a pretty serious burn. Asphalt and concrete in direct sunlight can often reach surface temperatures as high as 82 Celsius (180 Fahrenheit) on the hottest days, said Dr. Kevin Foster, who directs the Arizona Burn Center in Phoenix. Forecasters predict another heat wave in Phoenix this week after the U.S. National Weather Service declared the city had sweltered under high temperatures above 43°C (115°F) for 30 consecutive days in July. Across Europe, high temperature records have tumbled this summer and major heat waves in much of the…

There are a couple to take note of for the day, as highlighted in bold.The first being a bunch of expiries for EUR/USD in the region of 1.1030-50. The largest of them being the one at 1.1050 but put together, there is a lot of interest in and around those levels. If you pair that with the 100-hour moving average at 1.1030 currently, it does add another layer for price action to keep below with the technical level having stopped gains in trading yesterday.Then, we have the one for USD/JPY at 142.00 but that might not see too much focus…

The RBA did some damage on the Aussie’s prices today! Will AUD buyers find enough friends to restart a previous uptrend? In case you missed it, the Reserve Bank of Australia (RBA) kept its interest rates unchanged at 4.10% when at least some rate hike fans had expected an increase to 4.35% AUD/JPY 15-min Forex Chart by TV Not surprisingly, Australia’s bond prices dipped and so did AUD against its major counterparts. But sluggish demand for Japanese government bonds has also weakened the yen today. And if the RBA Decision Event Guide is any clue, AUD could shake off its…

Share: Economists at Société Générale analyze USD/KRW technical outlook. Reclaiming the 200-DMA essential for affirming an extended up-move USD/KRW has experienced a deeper pullback after failing to overcome a multi-month trend line and the 200-DMA near 1,324 (now at 1,305/1,310). It has recently formed an interim trough near 1,257. An initial bounce is under way however reclaiming the MA would be essential for affirming an extended up-move.   Failure to cross 1,310 could result in one more down leg. Next potential support levels are located at previous gap and projections near 1,250/1,244.    Source link

Crude oil has been on a tear lately, taking it to the top of its range visible on the daily time frame. Will it retreat from here? Or can it extend its gains past this resistance zone? Here are the levels I’m watching. WTI Crude Oil (USOIL) Daily Chart by TV Is crude oil in for a bounce or a break? The commodity price is hanging out at the very top of its range around the $81.15 per barrel level, still deciding where to go next. Technical indicators are hinting that the ceiling might hold, possibly sending oil back down…

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