Prior +73k; revised to +77k July ILO unemployment rate 3.6% vs 3.8% expected Prior 3.8% July employment change 40k vs 128k expected Prior 160k July average weekly earnings +5.5% vs +5.4% 3m/y expected Prior +5.1% July average weekly earnings (ex bonus) +5.2% vs +5.0% 3m/t expected Prior +4.7% The jobless rate declined to 3.6% and
Gold prices held firm on Tuesday near a two-week high hit in the previous session, helped by a subdued dollar, while investors awaited U.S. inflation data that could provide cues on the Federal Reserve’s interest rate hike path. FUNDAMENTALS * Spot gold rose 0.1% to $1,725.70 per ounce, as of 0041 GMT. * U.S. gold
Dollar and Yen are staying as the weakest ones for the week as focus turns to US inflation data. European majors are the strongest ones so far, even though Euro’s rise is losing some momentum. Commodity currencies are mixed for now, despite improving risk sentiment. Technically, EUR/JPY’s rally is slowing ahead of 61.8% projection of
In this article ORCL Oracle reported revenue that met expectations on Monday, while earnings and quarterly guidance came in below analysts’ estimates. Revenue climbed 18% in the quarter from a year earlier, thanks to a contribution from recently acquired software maker Cerner. Here’s how the company did: Earnings: $1.03 per share, adjusted, vs. $1.07 per
EUR/USD picks up bids to refresh intraday high during three-day uptrend. Successful break of 50-SMA, bullish MACD signals keep buyers hopeful. Upside clearance of 1.0200 becomes necessary to confirm the bullish chart pattern. 50-DMA, weekly support line restricts immediate downside moves. EUR/USD refreshes intraday high around 1.0150 as bulls portray the three-day uptrend amid the
American teen comedy Mean Girls (2004) may soon be making a Web3 comeback, with recent trademark filings by Paramount Pictures revealing plans to expand the brand into “crypto-collectibles.” According to tweets shared by licensed trademark attorney Mike Kondoudis, Paramount Pictures filed two trademark applications on Sept. 7 for the early 2000s teen comedy starring former
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The US auctions today were met with tepid demand. The 3- year auction had a tail of 1.4 bps above the WI level at the time of the auction. The foreign demand was lower than the average. The 10 year auction had a tail of 2.3 bps above the WI level. Once again, the demand
MUFG Research expects USD/JPY to continue rising higher in what’s been the best trend trade in FX in years. They continue to like a prior recommendation of buying USD/JPY at 140.00 with a target of 146.00 (last week’s high was 144.99) and a stop at 136.50. “We are maintaining a long USD/JPY trade idea although
Gold prices ticked higher on Monday as the dollar hovered near recent lows, with investors’ focus being on a key U.S. inflation reading as it could influence the size of the Federal Reserve’s next interest-rate hike. FUNDAMENTALS * Spot gold rose 0.1% to $1,717.17 per ounce, as of 0057 GMT. * U.S. gold futures were
Euro leads Sterling and Swiss Franc higher today, and stays firm so far. The common currency was apparently lifted by hawkish comments from ECB official over the weekend. Sterling shrugs off slightly worse than expected GDP and production data. Dollar and Yen are currently the weakest ones. Commodity currencies are mixed for now, with Canadian
A person removes the nozel from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Lower gas prices are raising optimism that inflation is on the decline, according to a survey Monday from the New York Federal Reserve. Respondents to the central bank’s August
On Tuesday, key inflation data is due in the US. The August CPI print will be watched closely by market participants ahead of the next FOMC meeting to be held September 20-21. According to analysts at Wells Fargo, the CPI will show a decline of 0.2% in August, on the back of a further plunge
The NZDUSD moved above both its 100 and 200 hour moving averages today (blue and green lines in the chart above). The rise above the 200 hour moving average was the 1st since August 17. The price tested that moving average level on a number of occasions (see the green line in the chart above).
Prior -0.6% GDP 0.0% vs +0.1% 3m/3m expected Prior -0.1% Looking at the details, services was the main contributor to the rise in GDP as it grew by 0.4% in July – after a fall of 0.5% in June. Information and communication grew by 1.5% and was the largest contributor to the services growth in
NEW DELHI: Gold prices dropped on Monday despite weakness in the US dollar as traders weighed the impact of possible interest rate hikes by the US Federal Reserve later this month to combat the rising inflation. The Fed officials on Friday ended their public comment period ahead of the US central bank’s September 20-21 policy