Author: FX
Any chance the RBNZ could resume its tightening cycle soon? The quarterly jobs report might have some clues! Event in Focus: New Zealand Quarterly Employment Report for Q2 2023 When Will it Be Released: August 1 (Tuesday), 10:45 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Employment change q/q: +0.6% expected vs. +0.8% previous Unemployment rate: 3.5% expected vs. 3.4% previous Relevant Data Since Last Event/Data Release: ANZ Business Outlook survey employment intentions fell to negative territory in May, then bounced around mildly negative levels before improving slightly in June BusinessNZ services…
Can you believe we’re about to end another trading month this week? And starting a new trading month usually means that the RBA is publishing its latest monetary policy decisions. What are markets expecting this time? Event in Focus: Reserve Bank of Australia (RBA) Monetary Policy Statement When Will it Be Released: August 1, 2023 (Tuesday): 4:30 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: RBA to keep its interest rates steady at 4.10% for a third month in a row in August RBA’s statement may emphasize the need for further…
WTI crude oil was approaching key resistanceWTI crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Crude oil is the most popular tradable instrument in the energy sector,…
US Stocks Analysis (S&P 500, Nasdaq 100)‘Soft landing’ narrative returns as equities are set to rise in JulyS&P 500 nearing swing high – less than 5% away from all-time-highNasdaq eyes bullish continuation ahead of Apple, Amazon earningsThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Get Your Free Equities Forecast ‘Soft Landing’ Narrative Returns as Equities are Set to Rise in JulyAll three major US indices are on track to end July in the green, with the Dow Jones earning a…
Share: Gold has been oscillating within a confined range between $1,945 and $1,987. Strategists at the Bank of America analyze XAU/USD technical outlook. Gold to approach the $1,900 region again on a dip below $1,945 The price action of gold in the period from May to July is increasingly resembling a ‘head and shoulders’ base pattern. This pattern is typically a bullish reversal pattern that indicates a potential shift from a downtrend to an uptrend. If Gold can rally and break above the $1,987 level in the next five trading sessions, it would reinforce the belief in the…
Article by IG Chief Market Analyst Chris BeauchampFTSE 100, DAX 40 and Dow Jones Analysis and ChartsFTSE 100 targets 7700 againGains stalled last week below 7700, after an impressive run higher for the index. Bulls will want to see a daily close above 7700 in order to open the way to more upside in the direction of 7800 and then 7930. A recovery of these two levels helps to revive a bullish view after the losses of May and June.So far losses have been contained around 7630 so a close below this level might help to reinforce a short-term bearish…
mbbirdy/E+ via Getty Images JPMorgan repeated its assertion Monday that U.S. 10-year Treasury yield (US10Y) has peaked after reaching a level of around 4.2% last year. The firm’s global market strategy team sees a drift lower by the end of the trading year. “We continue to believe that US 10-year bond yield has peaked at 4.2%, a call we made last October,” the financial institution stated. JPMorgan added: “Our FI team has 3.5% end year target.” Early in Monday’s trading, the 10-year yield was lower by 1 basis point, sitting at 3.96% after it popped back above the 4.00% level…
In many ways, the forex market is like a battlefield. And as in warfare, the elements of risk, uncertainty, and danger in forex trading are always present. Some traders even view other traders or the market itself as an adversary that they need to outsmart. At the end of the day, victory is achieved by those who can think on their feet and are able to execute better strategies. Since forex trading shares similarities tHow o warfare, it makes sense to consider a military strategist’s approach in learning about and dealing with market forces. Dr. Brett Steenbarger, one of my favorite trading psychologists,…
© Reuters. FILE PHOTO: Dr. Seth Gale points out evidence of Alzheimer’s disease on an MRI at the Center for Alzheimer Research and Treatment (CART) at Brigham And Women’s Hospital in Boston, Massachusetts, U.S., March 30, 2023. REUTERS/Brian Snyder/File Photo By Julie Steenhuysen CHICAGO (Reuters) – Quest Diagnostics (NYSE:) on Monday launched the first direct-to-consumer blood test to detect abnormal levels of beta amyloid, a key Alzheimer’s protein which can appear years before dementia symptoms arise. The $399 test, called AD-Detect, uses the same technology as a blood test the company launched for use by doctors in early 2022. “One…
The slightest of beats in the quarterly GDP reading for Q2 will at least provide the ECB some comfort, even as growth conditions are seen slowing down significantly. It is still a positive estimate and it is one that they can use to keep the spin of things if they want to push the agenda for a pause in September.However, the details should reveal that consumption i.e. domestic demand is still extremely subdued – as seen with France’s report here – and that’s an ominous sign for conditions for the remainder of the year. The manufacturing recession is already worsening…