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Oil price rises to its highest since April

Oil price rises to its highest since April

Asia-Pacific stocks down, led by tech. Fitch downgrades US credit. Oil prices highest since April. Fed likely keeps rates unchanged. Sparse economic calendar. BoE update and US labor data crucial. Bonds under pressure, yields rise. Sterling weakens.
Moneta Markets | 832 hari yang lalu
Eurozone GDP (Q2, 1st release)

Eurozone GDP (Q2, 1st release)

Eurozone GDP grew 0.3% q-o-q in Q2, better than HSBC and consensus expectations of a 0.2% rise (Chart 1). This took the annual rate of growth to 0.6% y-o-y (consensus: 0.5%).
ACY Securities | 832 hari yang lalu
Is The RBA Finished Hiking?

Is The RBA Finished Hiking?

The RBA today left rates steady at 4.1%. Wouldn’t it be nice if the last hike was the end of the madness? A welcome relief for all of us, as one of the nations most aggressive rate hiking cycles in history hopefully nears an end.
ACY Securities | 832 hari yang lalu
Europe Takes A Breath

Europe Takes A Breath

The Eurozone managed to grow in the second quarter by 0.3%. Which is an achievement in itself. The previous two quarters were a contraction of 0.1% and zero growth respectively.
ACY Securities | 832 hari yang lalu
Business Barometer slips in July

Business Barometer slips in July

Asia-Pacific markets mixed. China's Caixin PMI below 50, economy falters. Australian rates unchanged but may rise. Business confidence down. Eurozone and UK manufacturing slide. US July PMI improves, green incentives boost demand. Global bond yields mixed. Sterling rises, falls against stronger USD.
Moneta Markets | 832 hari yang lalu
China PMI Contracts Stocks Hesitate

China PMI Contracts Stocks Hesitate

China’s Manufacturing PMI contracted for the fourth straight month, coming in at just 49.3 in July. For the world’s largest and most significant manufacturer to be seeing sustained manufacturing contraction.
ACY Securities | 833 hari yang lalu
China Continues to Slow Raising Risks for Australia

China Continues to Slow Raising Risks for Australia

China’s economy continues to slow, and it is a big worry! We should be seeing a soft landing by now, but the airport just isn’t in sight yet? China’s Manufacturing PMI contracted for the fourth straight month, coming in at just 49.3 in July.
ACY Securities | 833 hari yang lalu
Range Bound and Pressure Building

Range Bound and Pressure Building

US PCE Inflation continued to moderate nicely in June and as the final piece of the puzzle to confirm the Federal Reserve is most definitely on hold, it fitted well.
ACY Securities | 833 hari yang lalu
Bitcoin avoids sharp moves

Bitcoin avoids sharp moves

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin avoids sharp moves
FxPro | 833 hari yang lalu