IC Markets’ Post

Below please find today’s market commentary from Bianca Botes, Director at Citadel Global and SAIFM Full Member.   Monday, 07 August 2023 Daily Commentary   The dollar started the day on the backfoot following Friday’s US labour data releases. The US economy added fewer jobs than expected in July, but solid wage gains and a decline in the unemployment rate pointed to ongoing tightness in the labour market, and could signal that the Fed will keep interest rates higher for longer.   Markets are now focused on inflation readings from the US and China, which are due out later in the week.   On the data front today, we will keep an eye on local foreign currency reserves, as well as EU industrial production numbers and US consumer credit.   The rand starts the week at R18.45/$, R20.29/€, R23.51/£ and R21.09/₣.

Mixed Data and Mixed Signals - https://jpfs.com/?p=7242 - Last week we saw a plethora of important data as we moved in September. US Inflation and GDP were inbound along with the all-important payrolls. The post Mixed Data and Mixed Signals first appeared on trademakers. -

An exceptional list of high-risk events could spell more market volatility in the week ahead. All eyes will be on rate decisions by the Federal Reserve (Fed), Bank of England (BoE), and Bank of Japan (BoJ) to top-tier data from major economies including the latest US employment report. This will be complemented by a barrage of corporate earnings from the largest economies in the world. Here are the major economic data releases and events on the week of Read More

Mixed Data and Mixed Signals - https://jpfs.com/?p=7242 - Last week we saw a plethora of important data as we moved in September. US Inflation and GDP were inbound along with the all-important payrolls. The post Mixed Data and Mixed Signals first appeared on trademakers. -

Mixed Data and Mixed Signals - https://jpfs.com/?p=7242 - Last week we saw a plethora of important data as we moved in September. US Inflation and GDP were inbound along with the all-important payrolls. The post Mixed Data and Mixed Signals first appeared on trademakers. -

Forex Today: US Dollar shows its strength, RBA kept rates unchanged. The key event in the Asian session will be the Reserve Bank of Australia meeting. Later in the day, Switzerland will report consumer inflation, and in the US, the JOLTS Job Openings data will be released. Here is what you need to know on Tuesday, October 3: The US Dollar opened the week on a strong note, resuming the rally that started on Friday. The US Dollar Index rose above 107.00, posting its highest daily close since November. Higher US yields, cautious market sentiment, and positive US data continue to support the Greenback's rally. The US 10-year yield reached 4.70% for the first time since 2007. US data came in above expectations, with the ISM Manufacturing PMI at 49, surpassing the market consensus of 47.7. On Tuesday, the JOLTS Job Openings report is due. Later in the week, more US employment data will be released with the ADP report and the Nonfarm Payrolls. #forex #RBA #aud #interestrate #forextrading #forexnews #learnomnitrade #ronfxtrading ctto fxstreet

Here are some key takeaways from the April jobs report: - Employers added 175,000 jobs last month, below economists' expectations for a 243,000 increase. - The unemployment rate rose to 3.9% from 3.8%, still staying below 4% for the 27th straight month. - Fed funds futures traders raised bets that the Fed will cut rates two times this year. - "This indicates an economy that is not declining dramatically, but it definitely indicates a looser labor market” https://lnkd.in/eGFYW_KV

Buckle Up! US Jobs Report Steals the Show in Currency Markets Dollar Wobbles as Majors Make Moves Get ready for a quieter session in Europe today, folks. All eyes are glued to the US jobs report, the star attraction of the day. Major currencies are playing it cool so far, but the dollar remains on edge after this week's action. The euro (EUR/USD) is soaring near a 7-week high after the ECB meeting, but 1.1000 remains a key hurdle – all depends on the US jobs data. Meanwhile, USD/JPY is teetering on another technical breakdown (check out our previous post for details!), and the Canadian dollar (USD/CAD) dipped below its 200-day moving average yesterday. The Aussie (AUD/USD) is also on a tear, hitting fresh 7-week highs as risk appetite holds firm. Jobs Report: The Main Event Today's focus is laser-sharp on the non-farm payrolls data. The market reaction will be crucial – ideally, it should validate this week's trend: a weaker dollar and stronger risk trades. It seems traders are looking for a report that confirms their bets, so a reversal might require some heavy lifting. Unless the Fed turns unexpectedly hawkish, the play seems to be fading any reactions that contradict the recent market flow. Europe on Hold European trading will be a bit of a snooze-fest until the US jobs data drops.