2024.10.01 2024.10.01 US Jobs Data to Drive EURUSD. Forecast as of 01.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US Federal Reserve has started the monetary expansion cycle quite aggressively and is now prepared to adopt a more measured approach if the US economy remains as robust as anticipated. In light of the ongoing challenges in the eurozone, there is an elevated risk…
Dollar traders seem excited to adjust positions ahead of Friday’s NFP release, so leading jobs indicators like the ISM manufacturing PMI could spark volatility early this week. Expectations are for a slight improvement in September, which means that an upside surprise could continue to dampen expectations for aggressive Fed easing. Here’s what I’m watching on the hourly…
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AUD/JPY draws support from a combination of factors and moves back closer to a two-month top. Ishiba’s comments about BoJ rate hikes overshadow upbeat domestic data and undermine the JPY. The stronger Australian Retail Sales data boosts the Aussie amid optimism over Chinese stimulus. The AUD/JPY cross attracts buyers for the second straight day on Tuesday and climbs to…
Where them gold bugs at? Spot gold (XAU/USD) looks ready to extend a longer-term trend after touching a few technical support levels. Think the precious metal will see new record highs this week? Gold (XAU/USD) 4-hour Forex Chart by TradingView In case you missed yesterday’s headlines, a lack of top-tier data releases enabled the markets to take a breather…
Retail sales in Australia bouncing in August, well above estimates: Building approvals headline fell further than forecast. This article was written by Eamonn Sheridan at www.forexlive.com.
Japan Jibun Bank Manufacturing PMI above forecasts (49.6) in September: Actual (49.7)
This week, all eyes will be on the Fed and the European Central Bank (ECB) as the U.S. and Euro Area release key reports that could shape the next moves from both central banks. Specifically, investors are expected to focus on the U.S. September non-farm payrolls report and the Euro Area’s flash CPI estimate, both of which will…
The American Bankers Association’s Economic Advisory Committee brings together15 chief economists from some of North America’s largest banks. The Committee chair notes the Fed is close to achieving its dual mandate, but warns the softening labor market needs monitoring Fed seen cutting rates by additional 150bps through end-2025 Sees solid 2% growth in H2 2024 and 2025 Recession risk…
The Greenback started the week on a strong note in a context where investors’ prudence prevailed ahead of key data releases in the US economy, where the labour market is seen taking centre stage. Here is what you need to know on Tuesday, October 1: The US Dollar Index (DXY) reversed two consecutive daily pullbacks and charted a marked…
