The U.S. added fewer jobs in July than expected, and June’s numbers were revised lower, showing the job market is slowing down. After this, traders increased their expectations for a September interest rate cut to 81.9%, according to CME’s FedWatch tool. The S&P 500 and Nasdaq hit their lowest levels in over two months, while […]
In an interview with Bloomberg TV on Friday, Federal Reserve Bank of Cleveland President Beth Hammack noted that the July jobs data was disappointing, per Reuters. Earlier in the day, the US Bureau of Labor Statistics (BLS) reported that Nonfarm Payrolls rose by 73,000 in July, missing the market expectation of 110,000. Additionally, noted that
Canada S&P Global Manufacturing PMI: 46.1 (July) vs 45.6 Source link
The USD/CAD outlook indicates a sudden shift in sentiment. The US economy added only 73,000 jobs in July. Trump imposed a 35% tariff on Canada after the two countries failed to reach a trade deal. The USD/CAD outlook indicates a sudden shift in sentiment after the US released a poor monthly employment report. Nevertheless, fundamentals
Last August’s perfect storm revisited Last year’s August selloff wasn’t triggered by trade tensions, but rather a toxic combination of tech earnings disappointment, Japanese yen strength forcing carry trade unwinding, and crucially, a hotter-than-expected inflation print that derailed the disinflation narrative. The catalyst came when core consumer price index (CPI) for July 2024 rose 0.3% month-on-month (MoM)
2025.08.01 2025.08.01 GBP/USD: Elliott Wave Analysis and Forecast for 01.08.25 – 08.08.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3387 with a target of 1.2936 – 1.2735. A sell signal: the price holds below 1.3387. Stop Loss: above 1.3425, Take Profit:
The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound
The Swiss franc has continued to face downside pressure against the US dollar as it extends its losses in place since last Wednesday, 23 July. In today’s Asia, it shed -0.3% at this time of writing, making it the worst-performing major currency against the greenback. Swiss franc under pressure as US hikes tariffs to 39%,
India’s manufacturing sector strengthened in July on faster increases in new orders, output and stocks of purchases, final survey data from S&P Global showed on Friday. The HSBC manufacturing Purchasing Managers’ Index rose to a 16-month high of 59.1 in July from 58.4 in June. The score was slightly below the flash estimate of 59.2.
2025.08.01 2025.08.01 The Dollar’s Third Miracle. Forecast as of 01.08.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The United States quickly recovered after the pandemic and avoided a recession following the Fed’s most aggressive rate hike cycle in four decades. Will tariffs break the economy this time? Let’s discuss it and make a trading plan for EUR/USD. The article covers
There is just one to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1460 level. It isn’t one that ties much to any technical significance, so the impact of the expiries might be a bit more muted in general. But if anything, it could help to
Asian equities slipped slight today after U.S. President Donald Trump issued a long-anticipated executive order updating tariff rates following the August 1 trade truce deadline. But losses were relatively restrained as many of Asia’s key exporters avoided the harshest duties. While tariffs now top out at 41%, nations like Thailand, Malaysia, and Taiwan saw their
Gold prices are making a fresh attempt to reclaim ground above the $3300/oz mark following a selloff this week. The selloff in Gold has been down to a combination of factors such as improved sentiment as trade deals were struck and a stronger US Dollar. The question now is whether this is the start of
Goldman Sachs has laid out a clear reaction playbook for equity markets ahead of Friday’s U.S. nonfarm payrolls report, suggesting the S&P 500 is poised for moderate swings based on where the headline jobs figure lands. According to the bank’s estimates, a print around their baseline forecast of +100k jobs would be the market’s “neutral
China has suspended approvals for outbound investments by domestic firms seeking to establish or expand operations in the United States, the Nikkei reported Thursday, citing unnamed sources familiar with the matter. According to the report, local governments and the National Development and Reform Commission (NDRC) — the country’s top economic planning agency — have stopped
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
Several alternative measures of U.S. inflation showed signs of firming in June, complicating the picture for Federal Reserve policymakers as they weigh the timing of potential interest rate cuts. The Dallas Fed’s trimmed mean PCE — which excludes the most extreme price movements each month to capture underlying inflation trends — rose at a 3.4%
