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RBA's Impact on Eurozone Currency Markets and Looking Ahead to the NFP

RBA's Impact on Eurozone Currency Markets and Looking Ahead to the NFP

The recent Reserve Bank of Australia (RBA) decision to maintain its interest rates at 4.35% has caused a ripple effect in market expectations. This stance has led to a significant shift in how currency markets, particularly in the Eurozone, are navigating amidst global factors, such as weakened inflation data in Europe.
ACY Securities | 530 ngày trước
Short End Yields Down Sharper in EZ Encourages EUR/USD Retracement

Short End Yields Down Sharper in EZ Encourages EUR/USD Retracement

The recent rebound of the US dollar over the past four trading days serves as a reminder that foreign exchange rates are relative, influenced by various factors. Although there's compelling evidence suggesting that the Federal Reserve's tightening cycle has concluded and the labour market may be slowing, similar indicators are emerging elsewhere.
ACY Securities | 530 ngày trước
Dollar extends recovery despite US job openings drop

Dollar extends recovery despite US job openings drop

US job openings fall to lowest in more than 2-1/2 years - Treasury yields slide, but dollar extends recovery - Schnabel points to end of ECB’s tightening crusade - Gold becomes attractive again after hitting $2,010
XM Group | 530 ngày trước
Daily Global Market Update

Daily Global Market Update

Euro falls 0.2% against dollar, Dollar-Yen stable, Gold up 0.3%, Nike shares increase 0.1%. Dollar strong on US labor data, EU considers sanctions on China. Key data today: Germany, Australia, Eurozone, Japan GDP, US jobless claims.
Moneta Markets | 530 ngày trước
DXY Rebounds on Mixed US Data, Euro Tumbles

DXY Rebounds on Mixed US Data, Euro Tumbles

The Dollar Index (DXY), a favored gauge of the Greenback’s value against a basket of 6 major currencies, rebounded to 104.05, a key level (103.25 yesterday). Economic data released yesterday saw US JOLTS Job Openings decline to 8.73 million from 9.35 million previously. The monthly Job Openings and Labor Turnover Survey was the lowest level since March 2021.
ACY Securities | 531 ngày trước
RBA Holds Steady as US Dollar Resurges

RBA Holds Steady as US Dollar Resurges

Yesterday, the Reserve Bank of Australia (RBA) maintained on interest rates, holding them steady at 4.35%. This decision followed a 25-basis points hike delivered in November. The nuanced policy statement released by the RBA revealed a tone less hawkish than anticipated.
ACY Securities | 531 ngày trước
Daily Global Market Update

Daily Global Market Update

Bitcoin up 4.7%, potential pullback. Amazon rose 0.4%, mixed signals. Aussie Dollar down 0.9%, negative MACD. Gold fell 0.7%, downturn signal. Financial: USD rebounded, XA's $1B offering, mixed job data. Key events: US Unit Labor Costs, Japan's Foreign Bond Investment, US ADP Employment Change, Germany's Factory Orders, Japan's Foreign Investment, Eurozone's Retail Sales.
Moneta Markets | 531 ngày trước
Dollar Bolsters Due to  PMI Readings

Dollar Bolsters Due to PMI Readings

The latest U.S. Job Opening data, dropping to its lowest level since March 2021 at 8.73 million, offers a preliminary insight ahead of the crucial Non-Farm Payrolls (NFP) report scheduled for Friday. Despite this downbeat job data, the U.S. dollar found support from better-than-expected PMI readings, indicating a resilient U.S. economy.
PU Prime | 531 ngày trước
What to expect from the Bank of Canada's next interest rate announcement

What to expect from the Bank of Canada's next interest rate announcement

In the previous meeting, Canada's central bank kept its key interest rate at 5%. The current interest rate is unsustainable for Canadians, and it seems evident that the Bank of Canada will keep the overnight key rate. The BoC decision on the interest rate is likely to weaken the national currency—the nearest target for USDCAD is 1.3650–1.3700.
OctaFX | 532 ngày trước