Daily Wrap Up 06 October 2022
Once again, the rise in government bond yields is acting as the catalyst for the sell off in stocks.
Weekly Wrap Up (14 – 18 August)
18 Aug 2017 06:16 PM |The US dollar rose during the week, as the dollar index reaching a three-week high of 94.04, supported by positive retail sales that beat expectations and rose by 0.6% in July. Core retail sales rose by 0.5%.
Daily Wrap Up – 8 August
8 Aug 2017 07:24 PM |The US dollar rose strongly during mid-day trading to reach its highest level since July 28 at 93.75, following the JOLTS Job Index, which rose to a record high by 461,000 in June, rising to 6.2 million.
Daily Wrap Up – 7 August
7 Aug 2017 07:33 PM |The opening of the week was somewhat quiet, especially after the strong moves in the markets on Friday following strong US employment data. The economic calendar was not full of major economic events throughout the day.
The week ahead (7-11 August) : eyes will be on US inflation numbers
6 Aug 2017 05:28 PM |Looking ahead to a new trading week and following the release of very positive US labor market data this past weekend, this week market turns to inflation data, and whether the positive tone of data from the US economy will continue and supports the Fed's path to raise interest rates for the third time this year.
Weekly Wrap Up (31 July – 4 August)
4 Aug 2017 08:21 PM |The US dollar managed at the end of the week to erase losses since the beginning of the week, following positive employment data that exceeded expectations in July. The Non-Farm Employment Change Index added 209 K jobs with the June reading revised to 231 K jobs. Also, unemployment rates were at their 16-year low of 4.3%, and the hourly wage rose by 0.3% in July.
Daily Wrap Up – 3 August
3 Aug 2017 08:07 PM |The Australian dollar erased yesterday's gains and fell significantly against the US dollar today, reaching its lowest level since July 26 at 0.7913, after the Australian trade surplus narrowed in June more than expected, with a surplus of only 856 A$ million. After breaking the ascending channel on the 4 hours chart, the AUDUSD is trying to re-test the broken bullish trend line and is expected with stabilizing below, it would be targeting the support level at 0.7873 then 0.7755.
Daily Wrap Up – 2 August
2 Aug 2017 06:18 PM |The New Zealand dollar fell significantly, with the New Zealand dollar hitting its lowest level since July 20 at 0.7390, following the disappointing New Zealand employment data for the second quarter, the employment rate fell by 0.2% against expectations of a 0.7% rise. This is the first time that New Zealand's employment rate has been down for two years, and the positive thing that unemployment fell to 4.8% at its lowest level in eight years.
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Daily Wrap Up – 1 August
1 Aug 2017 09:00 PM |The most significant move today was a drop-in oil prices from a two-month high of 50.40$ a barrel to 48.30$ as ample global supplies countered strong demand, as well as expectations of a continuing fall in US crude inventories.
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