Powell said the chances of a hard landing are low, the market has its doubts
There were worries about too much of a good thing yesterday as everything shot higher. Those worries are looking well-founded…
Category: Forex News
US dollar falls as the market prices in a more-dovish Fed after the ISM data
The market isn’t holding back. Bonds are rampaging higher and the Fed funds futures market is sensing deeper and quicker…
Canada S&P Global July manufacturing PMI 47.8 vs 49.3 prior
This is 15 straight months of contraction. Prior was 49.3 Canadian manufacturing sector deteriorates at fastest pace in 7 months…
US initial jobless claims 249K vs 236K estimate
Prior week 235K initial jobless claims 249K versus 236K estimate. 4-week moving average of initial jobless claims 238K vs 235.50K…
OPEC+ JMMC meeting to make no recommendation on oil output policy
That is to be expected as the bloc is set to continue with the current policy stance before unwinding some…
Eurozone June unemployment rate 6.5% vs 6.4% expected
Prior 6.4% The jobless rate in the euro area ticks a little higher again at the end of Q2, matching…
OPEC+ reportedly to delay start of JMMC meeting today by an hour
Reuters with the headline, citing sources familiar with the matter. That said, no policy change is still expected from the…
Eurozone July final manufacturing PMI 45.8 vs 45.6 prelim
Prior 45.8 The revision to the headline reading sees it unchanged for the month of July, even as the output…
Sterling falls as traders eye BOE coin flip later in the day
The losses are coming in fast in the last one hour, with GBP/USD falling from 1.2845 to a low of…
Eurostoxx futures +0.2% in early European trading
German DAX futures flat UK FTSE futures +0.3% European indices ended more mixed though but the general mood in equities…