Here is what you need to know on Tuesday, November 5: Financial markets remain on edge as the US presidential election takes center stage, with latest polls pointing to a tight race. On Tuesday, the US economic calendar will feature Goods Trade Balance data for September and the ISM Services PMI report for October. Later […]
Here is what you need to know on Tuesday, October 29: Financial markets seem to have adopted a cautious tone following Monday’s choppy action. The US economic calendar will feature Goods Trade Balance and JOLTS Job Openings data for September, alongside the Conference Board’s Consumer Confidence Index for October. Investors refrain from taking large positions […]
Nonfarm Payrolls (NFP) in the US rose by 254,000 in September, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 159,000 increase (revised from 142,000) recorded in August and surpassed the market expectation of 140,000 by a wide margin. Follow our NFP Live Coverage here Other details of the report […]
China’s Consumer Price Index (CPI) rose at an annual pace of 0.6% in August after reporting a 0.5% growth in July. The market consensus was for a 0.7% increase in the reported period. Chinese CPI inflation came in at 0.4% MoM in August versus July’s 0.5% acceleration, worse than the 0.5% estimate. China’s Producer Price Index (PPI) declined 1.8% YoY […]
Here is what you need to know on Wednesday, August 21: The US Dollar (USD) holds its ground against its major rivals early Wednesday as markets wait for the US Bureau of Labor Statistics to announce the preliminary benchmark revisions to Nonfarm Payrolls. Later in the American session, the Federal Reserve will release the minutes […]
Here is what you need to know on Friday, August 16: The US Dollar (USD) outperformed its rivals on Thursday, boosted by the upbeat macroeconomic data releases from the US. After rising 0.5%, the USD Index stays in a consolidation phase below 103.00 as markets await Housing Starts and Building Permits data for July. Additionally, […]
Here is what you need to know on Tuesday, August 13: While major currency pairs spent the first day of the week fluctuating in tight ranges, Gold gathered bullish momentum and climbed above $2,470. The trading action turns subdued early Tuesday as investors await the July Producer Price Index (PPI) data from the US. During […]
Here is what you need to know on Thursday, August 8: Following a two-day rebound, the US Dollar (USD) seems to be struggling to keep its footing on Thursday, with the USD Index retreating back below 103.00 in the European session. The US Department of Labor will release the weekly Initial Jobless Claims data later […]
Inflation in the US, as measured by the change in the Consumer Price Index (CPI), declined to 3% on a yearly basis in June from 3.3% in May, the US Bureau of Labor Statistics (BLS) reported on Thursday. Developing story, please refresh the page for updates. Follow our live coverage of the market reaction to […]
Here is what you need to know on Monday, July 1: The US Dollar (USD) struggles to find demand at the beginning of the third quarter as investors adjust their positions ahead of this week’s key macroeconomic events and data releases. Later in the session, preliminary Consumer Price Index (CPI) data for June from Germany […]
China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) unexpectedly rose to 51.8 in June, against the 51.7 reading in May, according to the latest data released on Monday. The data beat the market forecast of 51.2 in the reported month. Key highlights (via Caixin) Output rises at quickest pace since June 2022 as new orders increase. Employment […]
Here is what you need to know on Thursday, June 27: The Japanese Yen (JPY) recovers slightly after falling to its weakest level since 1986 against the US Dollar (USD) on Wednesday. The European Commission will release consumer and business sentiment data in the European session. The US economic docket will feature the final revision […]
