Prior 4.4% Employment change 97k vs 3k expected Prior 19k Average weekly earnings +4.5% vs +4.6% 3m/y expected Prior +5.7% Average weekly earnings (ex bonus) +5.4% vs +5.4% 3m/y expected Prior +5.7% July payrolls change 24k Prior 16k; revised to 14k The headline statistic is quite bewildering and it paints a stronger labour market than in the months before….
Key points The Nasdaq is down about 10% over the past few weeks. The selloff has created some good buying opportunities. Here are four good values to consider right now. The recent selloff has created some good buying opportunities for value-minded investors. The Nasdaq is down about 10% since mid-July, and the markets just had their worst day in…
2024.08.12 2024.08.12 Crude Oil Price Forecast: 2024 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ “Are oil costs expected to go up or down?” is a pertinent inquiry in the financial realm, particularly for traders and investors eyeing the energy market. The oil price forecast is a critical instrument that assists in deciphering the convoluted market dynamics. As we transition into an era…
Market price action was mixed at the start of the week, as some traders stood on the sidelines ahead of this week’s data releases while others priced in the increased tensions in the Middle East. Which of your closely watched assets saw increased volatility and directional price action? We’re breaking them down today: Headlines: RBA Deputy Gov. Andrew Hauser…
Prior was +4 Business confidence +1 vs +4 prior This article was written by Adam Button at www.forexlive.com.
USD/JPY drifts lower to around 147.10 in Tuesday’s early Asian session. The rising geopolitical risks in the Middle East continue to support the JPY. The US Producer Price Index (PPI) for July will be in the spotlight on Tuesday. The USD/JPY pair weakens to near 147.10 during the early Asian session on Tuesday. The modest decline of the US…
2024.08.12 2024.08.12 Gold Price Forecast & Predictions: 2024 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The gold price forecast employs a comprehensive analysis of major factors affecting the precious metal’s supply and consumer demand. It also encompasses trading patterns, fractals, and emerging market trends. What lies ahead for gold? Will it rise in price? In this article, we’ll delve into historical data,…
The Japanese yen weakened in value against the U.S. dollar on Monday, after a wild ride last week. Markets, in particular Japan’s, were rocked last week by an unwinding of the hugely popular yen carry trade, which involves borrowing yen at a low cost to buy other currencies and assets offering higher yields. The violent sell-off in USD/JPO between…
“U.S. & Israeli officials tell me their assessment is that the Iranian attack isn’t happening tonight,” Axios reporter Barak Ravid reports. h/t @newsquawk This article was written by Adam Button at www.forexlive.com.
AUD/USD registered a boost, settling near 0.6600. RBA maintains its hawkish position, undergirding a strengthened AUD. Investors to eye upcoming mid-tier Australian economic figures during the Asian session. The AUD/USD pair experienced an increase of 0.40% during Monday’s session, settling near 0.6600. Undoubtedly, the Reserve Bank of Australia’s (RBA) unwavering hawkish stance and stronger Chinese inflation figures reported last…