Author: FX
The weekly Baker Hughes rig count rises by 5 in the current week !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Chicago Fed Pres. Goolsby is on the wires sayingUS GDP and labor market are basically stableThe weak retail sales represents one month of dataContinued spending weakness could be worryingsupported the July rate decisionNotes is that the past two productivity data releases were very poor. If it persists, it could change the AI narrative Encouraged by CPI reports and need more dataGoolsbee tends to go with the flow. He can be more hawkish or more dovish. His comments on productivity are a concern for for inflation and have implications for US stocks. At the same time, wonder if the productivity measures are being influenced by…
European shares close mostly lower as yields jump; DAX bucks the trend !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The broader S&P and Nasdaq indices are trading near new lows. What are the technicals telling traders? !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
GBPUSD moves to new highs going back to May. Breaks away from 50% retracement. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
USDCAD runs lower adding to the sellers control. The key 200 day MA is eyed. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
MUFG’s Lee Hardman notes the US Dollar (USD) is trading on a softer footing as Fed rate hike expectations are scaled back following weaker labour data and a mixed United States (US) Producer Price Index (PPI) report. Short-term US yields are declining, yet the Dollar index still holds above its 200-day moving average. Strong US equities, especially AI-related tech stocks, and robust S&P 500 earnings are providing offsetting support.Dollar soft as Fed repricing continues”The US dollar has continued to trade on a softer footing this week encouraged by the scaling back of Fed rate hike expectations.””The slowdown in private employment…
MUFG’s Lee Hardman notes the US Dollar (USD) is trading on a softer footing as Federal Reserve (Fed) rate hike expectations are scaled back following weaker labour data and a mixed United States (US) Producer Price Index (PPI) report. Short-term US yields are declining, yet the Dollar index still holds above its 200-day moving average.Dollar soft as Fed repricing continues”The US dollar has continued to trade on a softer footing this week encouraged by the scaling back of Fed rate hike expectations.””The slowdown in private employment and wage growth in recent months alongside limited evidence of higher energy prices spilling…
Swiss economy estimated to post quarterly growth of 1.5% in the second quarter !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
EUR/NZD tagged the top of its two-month range near 1.9750 and is now sliding back toward the lower half of the consolidation. Could sellers be setting their sights on another test of the 1.9550 range floor? EUR/NZD 4-hour Forex Chart Faster with TradingView The euro heads into Friday with the Euro Area’s second estimate of Q2 GDP and preliminary employment figures due during the London open. Meanwhile, the Kiwi caught a lift after Thursday’s softer-than-expected U.S. PPI report pushed September Fed hike odds below 40% and boosted risk appetite. Still, New Zealand’s Q3 business inflation expectations fell sharply to 2.34%,…