Author: FX
Oil +3 to 454Nat gas -3 to 124The US hasn’t been able to bring on much oil production since Trump came to office. The mantra of producer discipline is finally taking hold. I’d also be vary wary of adding given how quickly oil has dropped every time there has been a sign of peace. This article was written by Adam Button at investinglive.com. Source link
Bitcoin Holds $65,000 as Ethereum Tests Support: Is the Crypto Breakout Still Alive? !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Canada added 75,000 jobs in July 2026, far above forecasts, pushing unemployment to a two-year low of 6.4%. But wage growth is cooling fast. Source link
New York Fed survey: One year inflation expectations dip to 3.6% from 3.7% !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
U.S. payrolls fell 23,000 in July 2026, far below forecasts. May and June were revised down 103,000 combined, clouding the outlook for the Fed’s September meeting. Source link
Fed’s Barkin: We are in a zero-to-modest gain jobs environment !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The US non-farm payrolls report pointed to an economy significantly worse than believed.The data showed the economy shedding 23K jobs in July, far worse than +80K expected and below any estimates in the survey of economists. Worse yet, the prior two reports were revised lower by a combined 103K jobs dropping the three-month average to just 20K jobs.The market had been leaning towards a rate hike in September and priced in at 57% just before the data but that’s fallen to 44% afterwards. With that, the US dollar dropped across the board. USD/JPY fell particularly hard and is now down…
Statistics Canada reported on Friday that the Unemployment Rate decreased to 6.4% in July, below what markets were expecting.Additionally, the Net Change in Employment increased by 75.1K jobs, adding to the 18.2K gain we saw in the prior month. In addition, the participation rate ticked a tad higher to 65.1%, and wages are growing at a 3.0% annual pace, down from June’s 3.7% yearly gain.Market reactionIn the wake of the release, the Canadian Dollar (CAD) regains buying pressure, motivating USD/CAD to break below the psychological 1.4000 threshold for the first time since mid-June. Canadian Dollar Price Today The table below…
July’s NFP could send mixed signals, so traders may need to look beyond payrolls to wages, unemployment, and revisions today. Source link
ING analysts Warren Patterson and Ewa Manthey note renewed strength in Oil, with ICE Brent rallying back above $82/bbl as obstacles to a US-Iran deal persist. They highlight Iranian demands around the Strait of Hormuz and limited signs of compromise. ING still expects Brent to average $80/bbl in the third quarter, while stressing significant risks and uncertainty.Brent supported by deal obstacles”Oil prices rallied yesterday, with ICE Brent settling 3.8% higher on the day, taking it back above $82/bbl. This strength continued in early morning trading today. Developments over the last 24 hours or so demonstrate once again that negotiations between…