Author: FX
EUR/JPY looks ready to bust out of a tight consolidation! Will today’s market themes inspire a short-term bearish reversal for the pair? In case you missed it, government bonds (and other risk assets, for that matter) have NOT been having a good week since Fitch downgraded the U.S. sovereign credit grade from AAA to AA+. It doesn’t help the euro that the Eurozone has been printing mixed PMIs while headline inflation estimate in the region supports less rate hikes for the European Central Bank (ECB). EUR/JPY 15-min Forex Chart by TV The Bank of Japan (BOJ) isn’t shrugging off its…
Well, the calmer mood sure didn’t last long. After a surge higher in bond yields yesterday, we are seeing a continuation of that with 10-year Treasury yields climbing to their highest levels so far this year. Yields are up another 8 bps today to 4.16% currently, following yesterday’s hot ADP employment data.And this is perhaps what is weighing further on equities after the turn of the month decline and news of the US credit rating being cut yesterday. S&P 500 futures are now down 16 points, or 0.35%, while European indices are posting losses of around 0.9% to 1.1% currently.In…
Share: Open interest in gold futures markets increased by just 691 contracts after six consecutive daily pullbacks on Wednesday, according to preliminary readings from CME Group. Volume followed suit and went up for the second session in a row, this time by nearly 1.5K contracts. Gold: Next on the downside comes $1893 Wednesday’s downtick in gold prices was on the back of increasing open interest and volume, hinting at the idea that extra decline could be in the pipeline for the yellow metal in the very near term. Against that, the next support of note comes at the…
Hoping to catch a big breakout? Check out this potential trend forming on the 4-hour chart of GBP/NZD while it’s still early! The forex pair is just starting to close above the top of its ascending triangle pattern, hinting that a rally of the same height as the formation is in the works. GBP/NZD 4-hour Forex Chart by TV Now the triangle pattern spans around 2.0400 to 2.0900, so the resulting uptrend could last by roughly 500 pips if bullish momentum is sustained. Technical indicators are looking mixed for now, though. The 100 SMA is above the 200 SMA to…
BNY Mellon Municipal Bond Infrastructure Fund declares $0.04 dividend Source link
MEXICO CITY (Reuters) – A body was found stuck in a barrier of buoys installed by Texas authorities in the Rio Grande river, which straddles the U.S.-Mexico border, Mexico’s foreign ministry said on Wednesday while expressing fresh safety concerns over the floating fence. Authorities are working to identify the body found in the river and determine the cause of death, according to a statement from Mexico’s foreign ministry. The crossing is a popular area for migrants seeking to reach the United States. The Texan government installed the barrier last month and said at the time the buoys would “help deter…
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…