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
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
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
USDIndex sinks held onto NFP inspired bid trades at 106.40, from 106.80. NFP big beat across the board; headline more than double expectations at 528KJune revised 26K higher, Unemployment fell (3.5%) and Earnings rose (5.2%) = pressure back on Fed for 75bp hike in Sept. Recession what Recession? US Stocks slipped led by tech. TSLA … Read more
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
USDIndex dropped a handle and fell to 105.50 from an early high of 106.40. Yields dropping measurably even in the face of the BoE’s 50 bp rate hike and ongoing hawkish Fedspeak, projections of a recession in Q4 & downturn in US growth. Stocks closed mixed but held their profits, … Read more
BoE left the door open to further 50 bp steps. It also warned that inflation pressures have intensified and are expected to rise to just over 13% in 2022 and “to remain at very elevated levels throughout much of 2023, before falling to the 2% target two years ahead”. Additional … Read more
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
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, 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