Author: FX
Here is what you need to know on Monday, August 10:The US Dollar (USD) holds steady at the beginning of the new week after suffering heavy losses against its major rivals following the disappointing labor market data on Friday. Sentix Investor Confidence data for August will be featured in the European economic calendar on Monday.The data published by the US Bureau of Labor Statistics showed that Nonfarm Payrolls (NFP) declined by 23K in July, missing the market expectation for an increase of 80K by a wide margin. Moreover, June’s increase of 57K was revised lower to 20K. With the immediate…
If the RBA emphasizes cooling inflation pressures, traders could scale back their rate-hike bets, dragging the Aussie lower against Sterling and the yen. Source link
The RBA is still widely expected to hold rates at 4.35% in this week’s rate decision, but reiterating that this is merely a pause in their tightening cycle could keep AUD bulls hopeful for more hikes. Here’s what I’m watching on AUD/USD and AUD/NZD. Source link
Kosdaq circuit breaker triggered as Korean tech stocks surge. Kospi, Nikkei rise. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Will the RBA be ready to resume tightening anytime soon? This upcoming monetary policy statement might have some clues, so here’s what to look out for. Source link
The EUR/USD pair kicks off the new week on a subdued note and trades just above 1.1550 during the Asian session, well within striking distance of a fresh high since June 17, touched in reaction to the disappointing US jobs data on Friday.The closely watched US Nonfarm Payrolls (NFP) showed that the economy lost 23K jobs in July, missing consensus estimates of 80K by a wide margin. Adding to this, the previous month’s reading was revised lower to show an addition of 20K jobs, compared to the 57K reported originally. Further details revealed that annual wage inflation, as measured by…
Preview: RBA meet Tuesday. CBA expects RBA to hold rates through the rest of 2026 !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
US CPI lands Wednesday after payrolls contracted and Iran ruled out talks. Six weighted lanes, ATR-sized levels, and the first published projections above gold’s chart. Source link
Mon: BoJ Summary of OpinionsTue: RBA AnnouncementWed: German Final Inflation (Jul), IEA OMR, OPEC MOMR, US CPI (Jul)Thu: Norges Bank Announcement, UK GDP (Q2), US PPI (Jul)Fri: EZ Employment (Q2) and GDP 2nd Estimate (Q2), US Retail Sales (Jul), US University of Michigan Prelim (Aug)BoJ Summary of Opinions (Mon):The BoJ will release the Summary of Opinions from its July 31st meeting, where the central bank kept rates unchanged at 1.00%, as widely expected, after raising rates at its previous meeting in June. The decision was made by an 8-1 vote, with board member Takata dissenting and proposing a 25bps hike.…
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