Author: FX
The Land Down Under is gearing up to print its latest employment data, and a potential miss could be enough for traders to doubt the RBA’s hawkish stance. Our Event Guide for the Australian Employment Report mentioned that the manufacturing sector cut jobs at faster rates and job ads and that fewer hiring opportunities were listed, possibly leading to lower net employment for October. Here’s what I’m watching on AUD/NZD and EUR/AUD in this scenario. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term…
The Australian dollar could see increased volatility in the next trading sessions as we see the latest employment numbers from the Land Down Under. Our Event Guide for Australia’s Jobs Report suggests that the economy has continued to add jobs in October, but maybe at a slower pace compared to September. This is why we’re anticipating further AUD strength, which may be more pronounced against the Swiss franc and the Canadian dollar. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event…
Markets showed mixed sentiment today as traders likely positioned themselves ahead of FOMC members’ speeches, while bitcoin continued its post-election rally to fresh highs. Check out which headlines influenced price action in the financial markets in the past trading sessions: Headlines: Australia Westpac-MI consumer sentiment slowed from 6.2% to 5.3% in November NAB: Australia business confidence jumped from -2 to 5 in October; Employment index edged down Japan preliminary machine tool orders jumped by 9.3% y/y after a 6.4% y/y decline in October U.K. Claimant Count Change (Oct): 26.7K (20.0K forecast; 10.1K previous) U.K. Unemployment rate rose to 4.3% (4.0%…
Australia is expected to add fewer jobs in October, which could fuel calls for the RBA to join the global interest rate cut gang. What are the markets expecting from this week’s event, and how does the Australian dollar usually react to the results? We have the points you need to know if you’re trading the event! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
In brief from WPAC’s note:September quarter Wage Price Index below the RBA’s expectation which pointed to a 0.9%qtr rise in both the September and December quarters of 2024Wage inflation peaked at 4.3%yr in December 2023 and has been drifting lower through 2024 Wage Price Index (WPI) rose 0.8% (3.5%yr) … The RBA is currently forecasting annual wages growth to print 3.4%yr for end 2024 and hold at that rate through to June 2025.***The WPI should easily come in under that RBA forecast by end 2024. While some will point to slowing wages as a reason to cut rates the RBA…
The Ehlers Laguerre Filter, developed by the visionary John Ehlers, is a technical analysis indicator specifically designed for the MetaTrader 5 (MT5) platform. It utilizes a unique mathematical concept called Laguerre polynomials to achieve a specific goal: smoothing price data. Smoothing essentially involves filtering out short-term fluctuations, making it easier to discern the underlying trend direction. Think of it like this: imagine you’re driving on a bumpy road. The constant jolts make it difficult to see what lies ahead. The Ehlers Laguerre Filter acts like a suspension system, absorbing those bumps and providing a smoother ride, allowing you to focus…
WTI price remains on the defensive near $68.00 in Wednesday’s early Asian session. OPEC’s latest downward revision for demand growth, a stronger USD and weak China demand drag the WTI price lower. Investors will focus on the US CPI inflation data, which is due later on Wednesday. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.00 on Wednesday. The WTI price edges lower after the Organization of the Petroleum Exporting Countries (OPEC) cut its forecast for global oil demand growth in 2024.OPEC’s latest downward revision for demand growth exerts some selling pressure on the black gold. OPEC stated…
Marinus Pharmaceuticals GAAP EPS of -$0.42 in-line, revenue of $8.54M misses by $0.81M Source link
Investing.com – Brazil stocks were lower after the close on Tuesday, as losses in the , and sectors led shares lower. At the close in Sao Paulo, the declined 0.14% to hit a new 3-months low. The best performers of the session on the were Localiza Rent a Car SA (BVMF:), which rose 6.79% or 2.89 points to trade at 45.46 at the close. Meanwhile, Hapvida Participacoes e Investimentos (BVMF:) added 4.42% or 0.14 points to end at 3.31 and Companhia de Saneamento Basico do Estado de Sao Paulo SABESP (BVMF:) was up 3.79% or 3.49 points to 95.55 in…
The US CPI will be released tomorrow at 8:30 AM ET. What is expected?October Headline CPI expected to rise by 0.2% MoM, which is the same as last month. The forecasted range is 0.1 to 0.3%.YoY Headline CPI expected to increase to 2.6%, up from 2.4%, with a forecast range of 2.3 to 2.6%. A change of 0.0% will fall out of the YoY calculation this month. Core CPI projected to rise 0.3% MoM and 3.3% YoY, matching the previous month. The forecast range is 0.2 to 0.3% MoM and 3.2 to 3.4% Y/Y. A year ago, a gain of…