Risk was ON like Donkey Kong yesterday, thanks to the latest U.S. inflation data all but greenlighting a potential Fed rate cut next week. “Risk” assets flew higher than Elphaba on a broomstick while Defying Gravity! Here are the headlines that moved the markets in the last trading sessions: Headlines: Japan BSI manufacturing PMI rose from 4.5 to 6.3…
A Fed rate cut next week is all but a given now after the US CPI report here. But before we get to that, the central bank bonanza will be making a couple of stops in Europe following the Bank of Canada decision yesterday. The SNB and ECB are the two main events to watch in the day ahead….
The Japanese Yen struggles to capitalize on its modest intraday gains against the USD. The uncertainty around a December BoJ rate hike and the risk-on impulse cap the JPY. Bets for a less dovish Fed underpin the USD and offer also offer support to USD/JPY. The Japanese Yen (JPY) trims a part of modest intraday gains, which, along with…
Australia’s labor market showed considerable strength in November, with employment growing more than forecasted and the unemployment rate falling to 3.9%. The Australian Bureau of Statistics (ABS) reported that the economy added 35,600 jobs, surpassing market expectations of 26,000. Key points from November’s employment report: Unemployment rate decreased to 3.9% from 4.1% in October Total employment increased by 35,600,…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
The Australian Dollar appreciates following the domestic mixed labor market. Australia’s Employment Change rose by 35,600 in November, exceeding the previous 12,100 and the expected 25,000 readings. Traders still expect the Fed to proceed with a quarter-point rate cut in December following the latest US CPI report. The Australian Dollar (AUD) halts its two days of losses against the…
The latest Labour Force report from the Australian Bureau of Statistics, for November 2024 Just … wow. Employment +35.6k expected +25.0k, prior +15.9.1k Unemployment Rate 3.9% expected 4.2%, prior 4.1% Participation Rate 67.0% expected 67.1%, prior 67.1% Full Time Employment +52.6k (part time is down 17K from October +6.2K) The October report was a bit of a let down,…
AUD/USD softens to around 0.6370 in Thursday’s early Asian session. US CPI inflation rose to 2.7% YoY in November, as expected. The dovish RBA bets continue to undermine the Aussie. The AUD/USD pair remains on the defensive near 0.6370 after bouncing off a fresh year-to-date (YTD) low of 0.6336. The dovish stance by the Reserve Bank of Australia (RBA)…
2024.12.11 2024.12.11 US Dollar Sees Gains Ahead of Inflation Data. Forecast as of 11.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ In autumn, US consumer prices accelerated even without Donald Trump’s tariffs and fiscal stimulus measures. However, inflation will unlikely accelerate significantly in 2025. However, it is essential to consider all factors when making decisions. Let’s discuss this topic and make a trading plan…
We get the data for Australia’s jobs markets for November 2024 today. Due at 11.30 am Sydney time 0030 GMT and 1930 US Eastern time Australia’s labour report improved in October. The report showed signs of job market resilience amid a gradual economic slowdown. Employment increased by 15,900 positions, predominantly in full-time roles, marking a deceleration from the previous…
