Weekly Market Update – 08 August 2022

The new week kicks off with the Dollar on the front foot on the back of impressive US July jobs figures from Friday. Dollar Stronger than expected July jobs figures from Friday’s NFP have buoyed the Dollar significantly and the Index continues to trade near multi-session highs around the 106.36 area at the time of … Read more

Earning Season: The Walt Disney Company

The Walt Disney Company, which has a capitalization of 194.2Bis the world’s largest American media and entertainment conglomerate operating streaming services, movies and theme parks globally. Disney plans to report its earnings report for Q3 2022 (Disney’s fiscal year begins in October of each year) on Wednesday, August 10 after the market closes. Zacks positions … Read more

Market Update – August 9 – USD & Stocks Dip

USDIndex slipped to test 106.00, before recovering to 106.20. US Stocks opened positively but closed flat for the day. NVDA –6.3%, Novavax – 5.01%, AMC +8.03%, GM +4.16%. Asian markets mixed (Hang Seng flat, Nikkei -0.88%). European FUTS also mixed. Yields fell into close (10yr 2.7657%), Oil bounces close to 2% to recoup the $90 … Read more

XAUUSD – Gold Price on NFP Day

XAUUSD, H1 As a safe haven asset, gold prices continued their gains for the third week to the highest level in four as the week kicked off with a contraction in US services PMI (and European manufacturing PMI), followed by a hike in Fed interest rates signaling concerns about a recession from Chairman Powell, and … Read more

Market Update – August 4 – BOE Day!

USDIndex confirmed to 106.82 on Fed outlook and solid data before sliding to 106.38 at the close. Yields spiked on top of the heavy losses Tuesday (10yr 2.51%), then slipped again on strong factory orders data, with an eye on Friday’s NFP which will partly determine the magnitude of Fed tightening (10yr 2.7191%). US Stocks … Read more

GBPAUD Trades Lower, Ahead of BOE Policy Announcement

The Australian Dollar’s weekly performance has yet to show any meaningful change against the British Pound, following the latest RBA monetary policy decision on Tuesday. Governor Philip Lowe said in his August monetary policy statement that the RBA places a high priority on safeguarding the domestic economy and will bring inflation back to its 2-3% … Read more

EURGBP – Bullish divergence ahead of BOE meeting

EURGBP, H4 The EURGBP pair continues to decline since last week, when the Eurozone manufacturing PMI was confirmed at 49.8the first contraction since June 2020, while today, the final reading of the services PMI beat expectations coming in at 51.2 compared to a consensus of 50.6. The European Central Bank (ECB) has started raising interest … Read more