OPEC+ announced an oil production increase of 548,000 barrels per day for September. The move was widely expected after the group began taking bigger steps to unwind its production curbs over the summer. Initially, OPEC communicated an 18 month plan to slowly unwind production but it since stepped up the pace and now the entire […]
New York Fed President John Williams shared his views on the labor market, inflation, and interest rates in a Friday interview with Wall Street Journal reporter Nick Timiraos in New York. The Journal have provided a full transcript, which is really interesting. The journal is gated, but if you can access it, link. A notable
The GBP/USD weekly forecast suggests further downside. The US economy grew by 3.0%, compared to the forecast of 2.5%. The dollar retreated on Friday after data revealed slower-than-expected job growth in July. The GBP/USD weekly forecast suggests further downside as market participants prepare for a Bank of England rate cut. Ups and downs of GBP/USD
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The July nonfarm payrolls report showed just 73K jobs added, sharply missing the 110K estimate, with major downward revisions to prior months:. May was revised down from 144,000 to 19,000—> -125,000 June was revised down from 147,000 to 14,000 —> -133,000 The unemployment rate ticked up to 4.2% from 4.1% last month. The sharp revisions
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Now that Pres. Trump has fired the person in charge of the BLS employment report, Axios wrote an article that outlines the general BLS process to the jobs release. Here is the down and dirty without getting too much into the weeds: Release timing: The Bureau of Labor Statistics (BLS), a nonpartisan agency under the
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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
