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708900.0 | 2022-02-02 00:00:00 UTC | Monetary Policy Decisions Put the GBP and the EUR Front and Center | DBO | https://www.nasdaq.com/articles/monetary-policy-decisions-put-the-gbp-and-the-eur-front-and-center | nan | nan | FXEmpire.com -
Earlier in the Day:
It is a relatively quiet start to the Asian session on the economic calendar. The Aussie Dollar and the Japanese Yen are in action early this morning. From Australia, trade data for December will be in focus ahead of Japan’s finalized services PMI for January.
The Majors
At the time of writing, the Japanese Yen was up by 0.01% to ¥114.450 against the U.S Dollar, while the Aussie Dollar was down by 0.04% to $0.7134. The Kiwi Dollar was flat at $0.6632.
The Day Ahead
For the EUR
It’s a busy day ahead on theeconomic calendar January’s services PMI for Italy and Spain and finalized services and composite PMIs for France, Germany, and the Eurozone will be in focus. Barring any marked revisions to numbers for France and Germany, expect the Eurozone’s Composite to be key.
While the stats will influence, the ECB monetary policy decision and press conference will be the key drivers, however. The markets will be looking for any shift in the ECB’s stance on inflation and interest rates.
At the time of writing, the EUR was down by 0.01% to $1.1304.
For the Pound
It’s a big day ahead on the economic calendar. On the economic data front, January’s finalized services and composite PMIs will be in focus. Expect any revisions to the services PMI to be key. The main event of the week, however, will be the Bank of England’s monetary policy decision. With the markets pricing in a 25-basis point hike, it will be down to the Bank’s forward guidance on interest rates that will be key.
At the time of writing, the Pound was down by 0.01% to $1.3576.
Across the Pond
It’s a busier day on theeconomic calendar with ISM Non-Manufacturing PMI and weekly jobless claims in focus. Expect both sets of numbers to influence.
On Wednesday, the U.S Dollar Spot Index fell by 0.41% to end the day at 95.986.
For the Loonie
It’s a particularly quiet day ahead. There are no material stats due out of Canada to provide the Loonie with direction. The lack of stats will leave market risk sentiment and crude oil prices to provide direction.
At the time of writing, the Loonie was down by 0.03% to C$1.2673 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | From Australia, trade data for December will be in focus ahead of Japan’s finalized services PMI for January. Across the Pond It’s a busier day on theeconomic calendar with ISM Non-Manufacturing PMI and weekly jobless claims in focus. This article was originally posted on FX Empire More From FXEMPIRE: Australian Dollar Rises Despite Inflation Numbers Silver Markets Have Wild Ride After CPI Gold Prices Rise on Hot CPI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a busy day ahead on theeconomic calendar January’s services PMI for Italy and Spain and finalized services and composite PMIs for France, Germany, and the Eurozone will be in focus. While the stats will influence, the ECB monetary policy decision and press conference will be the key drivers, however. On the economic data front, January’s finalized services and composite PMIs will be in focus. | The Majors At the time of writing, the Japanese Yen was up by 0.01% to ¥114.450 against the U.S Dollar, while the Aussie Dollar was down by 0.04% to $0.7134. The Day Ahead For the EUR It’s a busy day ahead on theeconomic calendar January’s services PMI for Italy and Spain and finalized services and composite PMIs for France, Germany, and the Eurozone will be in focus. This article was originally posted on FX Empire More From FXEMPIRE: Australian Dollar Rises Despite Inflation Numbers Silver Markets Have Wild Ride After CPI Gold Prices Rise on Hot CPI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Majors At the time of writing, the Japanese Yen was up by 0.01% to ¥114.450 against the U.S Dollar, while the Aussie Dollar was down by 0.04% to $0.7134. The Day Ahead For the EUR It’s a busy day ahead on theeconomic calendar January’s services PMI for Italy and Spain and finalized services and composite PMIs for France, Germany, and the Eurozone will be in focus. For the Pound It’s a big day ahead on the economic calendar. | c902adb9-b95b-4968-8f08-f62e1ceded96 |
708901.0 | 2022-02-01 00:00:00 UTC | Eurozone Inflation and U.S ADP Nonfarm Payrolls Put the EUR and Dollar in Focus | DBO | https://www.nasdaq.com/articles/eurozone-inflation-and-u.s-adp-nonfarm-payrolls-put-the-eur-and-dollar-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the Asian session on the economic calendar. The Kiwi Dollar was in action early this morning.
For the Kiwi Dollar
Employment increased by 0.1% in the 4th quarter, coming up short of a 0.3% forecast. In the 3rd quarter, employment had jumped by 2.0%. As a result of the increase, however, the unemployment rate fell from 3.3% to 3.2%. Economists had forecast an unemployment rate of 3.4%.
According to NZ Stats,
Neither full-time nor part-time employment saw material changes in the quarter.
Full-time employment increased 3.2% annually, however, with part-time employment up 5.7%.
Job security improved in the quarter. 46.3% of employed people thought there was almost no chance of involuntarily losing their jobs in the next 12-months. This was up from 42.5% last year.
The Kiwi Dollar moved from $0.66398 to $0.66360 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.02% to $0.6637.
Elsewhere
At the time of writing, the Japanese Yen was up by 0.03% to ¥114.680 against the U.S Dollar, with the Aussie Dollar up by 0.03% to $0.7131.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on theeconomic calendar Prelim January inflation figures for Italy and the Eurozone will be in focus early in the European session. With the ECB in action on Thursday, expect the Eurozone’s numbers to be key.
At the time of writing, the EUR was flat at $1.1272.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction. The lack of stats will leave the markets to look ahead to tomorrow’s BoE monetary policy decision.
At the time of writing, the Pound was up by 0.02% to $1.3525.
Across the Pond
It’s a quieter day on theeconomic calendar with ADP nonfarm employment change figures due out later today. Expect the numbers to draw plenty of interest as the markets look to second guess the number of rate hikes for the year ahead.
On Tuesday, the U.S Dollar Spot Index fell by 0.29% to end the day at 96.257.
For the Loonie
It’s a quiet day ahead. Building permit figures for December are due out late in the day. We don’t expect the numbers to influence, however, with geopolitics and crude oil inventories likely to be key drivers today.
At the time of writing, the Loonie was up by 0.04% to C$1.2682 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Across the Pond It’s a quieter day on theeconomic calendar with ADP nonfarm employment change figures due out later today. We don’t expect the numbers to influence, however, with geopolitics and crude oil inventories likely to be key drivers today. This article was originally posted on FX Empire More From FXEMPIRE: UBS Group Suggests Alternate Ways of Investing in Cryptocurrencies Gold Breakout Over $1833.90 Targets $1856.70 Main Top McDonald’s Applies for Metaverse Trademarks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively quiet day ahead on theeconomic calendar Prelim January inflation figures for Italy and the Eurozone will be in focus early in the European session. For the Pound It’s a particularly quiet day ahead on the economic calendar. Across the Pond It’s a quieter day on theeconomic calendar with ADP nonfarm employment change figures due out later today. | For the Kiwi Dollar Employment increased by 0.1% in the 4th quarter, coming up short of a 0.3% forecast. The Day Ahead For the EUR It’s a relatively quiet day ahead on theeconomic calendar Prelim January inflation figures for Italy and the Eurozone will be in focus early in the European session. Across the Pond It’s a quieter day on theeconomic calendar with ADP nonfarm employment change figures due out later today. | For the Kiwi Dollar Employment increased by 0.1% in the 4th quarter, coming up short of a 0.3% forecast. For the Pound It’s a particularly quiet day ahead on the economic calendar. Expect the numbers to draw plenty of interest as the markets look to second guess the number of rate hikes for the year ahead. | 85969796-262d-429c-8f66-80b289ed3bb3 |
708902.0 | 2022-01-31 00:00:00 UTC | Keep Backing the Momentum on Energy, Oil With These Two ETFs | DBO | https://www.nasdaq.com/articles/keep-backing-the-momentum-on-energy-oil-with-these-two-etfs | nan | nan | About one month into 2022, the energy sector is continuing its bullish run from last year, giving investors the opportunity to keep backing the momentum with oil and energy ETFs.
Oil prices also continue to push higher amid rising inflation, translating to higher fuel costs for consumers. The S&P 500 Energy index reflects the strength overall for the sector with a gain of close to 20% to start the new year.
Oil, in the meantime, hit more highs in last week's trading session. The rise comes amid a volatile week for equities as major indexes whipsawed between losses and gains.
"Oil prices rose to a more than seven-year peak on Friday and recorded their sixth straight weekly gain as geopolitical turmoil exacerbated concerns over tight energy supply," a Reuters article says. "On a weekly basis, the benchmark contracts notched their longest run of gains since October."
A potential disruption for the energy sector could be the growing geopolitical tensions in Ukraine. That said, prospective oil investors may want to keep an eye out on the situation, but so far, there are no major disruptions just yet.
"So far there has been no supply disruptions in Eastern Europe, so guess the risk premium related to those tensions is not so high," UBS analyst Giovanni Staunovo said.
2 ETFs to Play the Momentum
One ETF to play on bullish oil prices is the Invesco DB Oil Fund (DBO). DBO provides the perfect opportunity to get exposure to the current upside in oil prices.
Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in the market value of crude oil. The single index commodity consists of light, sweet crude oil (WTI), and the fund invests in futures contracts in an attempt to track its corresponding index.
A more broad play in the energy sector is available with the Invesco DB Energy Fund (DBE). DBE seeks to track the DBIQ Optimum Yield Energy Index Excess Return, which is intended to reflect the changes in the market value of the energy sector.
The index commodities consist of light, sweet crude oil (WTI), heating oil, Brent crude oil, RBOB gasoline, and natural gas. The fund invests in futures contracts in an attempt to track its index.
For more news, information, and strategy, visit the Innovative ETFs Channel.
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | 2 ETFs to Play the Momentum One ETF to play on bullish oil prices is the Invesco DB Oil Fund (DBO). DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in the market value of crude oil. | Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in the market value of crude oil. 2 ETFs to Play the Momentum One ETF to play on bullish oil prices is the Invesco DB Oil Fund (DBO). DBO provides the perfect opportunity to get exposure to the current upside in oil prices. | 2 ETFs to Play the Momentum One ETF to play on bullish oil prices is the Invesco DB Oil Fund (DBO). Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in the market value of crude oil. DBO provides the perfect opportunity to get exposure to the current upside in oil prices. | 2 ETFs to Play the Momentum One ETF to play on bullish oil prices is the Invesco DB Oil Fund (DBO). DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in the market value of crude oil. | d869b029-6d9a-4fae-98ad-18db9d5a26a8 |
708903.0 | 2022-01-30 00:00:00 UTC | Economic Data Puts the EUR back in the Spotlight | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-back-in-the-spotlight | nan | nan | FXEmpire.com -
Earlier in the Day:
It is a relatively busy start to the day on the economic calendar this morning. The Japanese Yen and the Aussie Dollar will be in action in the early hours of this morning.
From Japan, industrial production and retail sales figures will be in focus ahead of private sector credit numbers from Australia.
Following disappointing private sector PMI numbers from China, however, concerns over growth could test support for riskier assets.
At the time of writing, the Japanese Yen was down by 0.09% to ¥115.360 against the U.S Dollar, while the Aussie Dollar was up by 0.07% to $0.6993. The Kiwi Dollar was down by 0.03% to $0.6546.
The Day Ahead
For the EUR
It’s a busy day ahead on the economic calendar. 4th quarter GDP numbers for the Eurozone and inflation figures for Germany will be the key stats of the day. Spanish inflation figures are also due out but should have a muted impact on the majors.
At the time of writing, the EUR was up down 0.06% to $1.1144.
For the Pound
It’s yet another particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction. The lack of stats will leave market sentiment towards BoE monetary policy and UK politics to provide direction.
At the time of writing, the Pound was down by 0.01% to $1.3400.
Across the Pond
It’s a quiet day ahead on the economic data front. January’s Chicago PMI is due out, which should have a muted impact on the Dollar. The markets are now looking for indicators that would force the FED into a more aggressive move on policy.
On Friday, the U.S Dollar Spot Index rose by 0.05% to end the day at 97.270.
For the Loonie
It’s also a quiet day ahead. RMPI numbers for December are due out. With little else for the markets to consider, expect the numbers to influence. From elsewhere, China’s stats and crude oil prices will also provide direction.
At the time of writing, the Loonie was down by 0.01% to C$1.2771 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | From Japan, industrial production and retail sales figures will be in focus ahead of private sector credit numbers from Australia. Following disappointing private sector PMI numbers from China, however, concerns over growth could test support for riskier assets. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Tests The 1.1400 Level Binance To Produce K-Pop NFTs and Games in Collaboration With YG Shiba Inu Themed Restaurant is Ready to Expand Globally The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Following disappointing private sector PMI numbers from China, however, concerns over growth could test support for riskier assets. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. For the Pound It’s yet another particularly quiet day ahead on the economic calendar. | At the time of writing, the Japanese Yen was down by 0.09% to ¥115.360 against the U.S Dollar, while the Aussie Dollar was up by 0.07% to $0.6993. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. For the Pound It’s yet another particularly quiet day ahead on the economic calendar. | At the time of writing, the Japanese Yen was down by 0.09% to ¥115.360 against the U.S Dollar, while the Aussie Dollar was up by 0.07% to $0.6993. The lack of stats will leave market sentiment towards BoE monetary policy and UK politics to provide direction. January’s Chicago PMI is due out, which should have a muted impact on the Dollar. | a606e9d3-9935-4d5e-9bb5-24310b21fa6e |
708904.0 | 2022-01-27 00:00:00 UTC | Economic Data Puts the EUR and the U.S Dollar Back in Focus | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-and-the-u.s-dollar-back-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It is a relatively busy start to the day on the economic calendar this morning. The Japanese Yen and the Aussie Dollar were in action in the early hours of this morning.
For the Japanese Yen
According to the Ministry of Internal Affairs and Communication, Tokyo’s annual core rate of inflation softened from 0.5% to 0.2% in January. Economists had forecast a sofenting to 0.3%.
The Japanese Yen moved from ¥115.379 to ¥115.354 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.03% to ¥115.410 against the U.S Dollar.
For the Aussie Dollar
Following consumer price inflation on Tuesday, wholesale inflation drew attention this morning.
In the 4th quarter, Australia’s annual wholesale rate of inflation picked up from 2.9% to 3.7%. Quarter-on-quarter, the producer price index rose by 1.3%, following on from a 1.1% increase in the previous quarter.
The Aussie Dollar moved from $0.70309 to $0.70334 upon release of the figures. At the time of writing, the Aussie Dollar was flat at $0.7033.
Elsewhere
At the time of writing, the Kiwi Dollar was down by 0.14% to $0.6574.
The Day Ahead
For the EUR
It’s a busy day ahead on the economic calendar. 4th quarter GDP numbers for France, Germany, and Spain will be the key stats of the day. French consumer spending figures are also due out but should have a muted impact. Upbeat GDP numbers would give the ECB the opportunity to shift its position on inflation and interest rates.
At the time of writing, the EUR was up down 0.03% to $1.1146.
For the Pound
It’s yet another particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction. The lack of stats will leave market sentiment towards BoE monetary policy and UK politics to provide direction.
At the time of writing, the Pound was up by 0.03% to $1.3387.
Across the Pond
It’s a busy day ahead on the economic data front. Inflation and personal spending figures will be key later today. Another pickup in inflationary pressure would force the markets to price in a more hawkish rate path for the year.
Other stats include finalized consumer sentiment and expectation figures. Barring any marked revisions, however, the numbers should have a muted impact on the Dollar and broader markets.
On the monetary policy front, FOMC member chatter will also need monitoring on the day.
On Thursday, the U.S Dollar Spot Index rose by 0.81% to end the day at 97.255.
For the Loonie
It’s a particularly quiet day ahead. There are no material stats due out of Canada to influence the Loonie. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day. Upbeat stats from key economies would support the BoC’s more hawkish outlook.
At the time of writing, the Loonie was flat at C$1.2742 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Japanese Yen According to the Ministry of Internal Affairs and Communication, Tokyo’s annual core rate of inflation softened from 0.5% to 0.2% in January. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Surges Higher on Strong U.S. Jobs Report Owning Crypto May Make You More Desirable: Study Cardano Token Holders Deliver Strong Support to new DeFi Platform The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar Following consumer price inflation on Tuesday, wholesale inflation drew attention this morning. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. The lack of stats will leave market sentiment towards BoE monetary policy and UK politics to provide direction. | FXEmpire.com - Earlier in the Day: It is a relatively busy start to the day on the economic calendar this morning. For the Aussie Dollar Following consumer price inflation on Tuesday, wholesale inflation drew attention this morning. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. | In the 4th quarter, Australia’s annual wholesale rate of inflation picked up from 2.9% to 3.7%. French consumer spending figures are also due out but should have a muted impact. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day. | c44d3850-03fa-4c78-800a-d16da0890d1f |
708905.0 | 2022-01-19 00:00:00 UTC | Economic Data Puts the EUR and the Greenback in Focus | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-and-the-greenback-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It is a busy start to the day on the economic calendar this morning. The Japanese Yen and the Aussie Dollar were in focus in the early hours. Later this morning, the PBoC will also be in action.
For the Japanese Yen
In December, Japan’s trade deficit narrowed from ¥955.6bn to ¥582.4bn. Economists had forecast a narrowing to 784.1bn.
According to figures released by the Ministry of Finance,
Year-on-year, exports rose by 17.5%, while imports were up by 41.1%.
Exports to China increased by 10.8%, with exports to the U.S up by 22.1%.
From China, imports rose by 20.5%, with imports from the U.S increasing by 39.6%.
Imports from Australia surged by 95.7% when compared with December 2020.
The Japanese Yen moved from ¥114.350 to ¥114.359 upon release of the figures. At the time of writing, the Japanese Yen was up by 0.02% to ¥114.310 against the U.S Dollar.
For the Aussie Dollar
Employment figures were in focus this morning.
According to the ABS,
Employment increased by 64.8k in December, following a 366.1k jump in November.
Full employment rose by 41.5k after having risen by 128.3k in the previous month.
As a result, Australia’s unemployment rate fell from 4.6% to 4.2%. This was the lowest unemployment rate since August 2008.
The participation rate held steady at 66.1% in the month.
The Aussie Dollar moved from $0.72207 to $0.72267 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.24% to $0.7228.
Elsewhere
At the time of writing, the Kiwi Dollar was down by 0.13% to $0.6775.
The Day Ahead
For the EUR
It’s a busier day ahead on the economic calendar. Finalized December inflation figures for the Eurozone and German wholesale inflation figures are due out later today. Expect both sets of numbers to draw interest as market jitters over inflation continue to drive the markets
On the monetary policy front, the ECB monetary policy meeting minutes are also due out and will be key. The markets will be looking for any chatter on inflation and interest rates.
At the time of writing, the EUR was up by 0.07% to $1.1351.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no major stats due out of the UK to provide the Pound with direction.
At the time of writing, the Pound was up by 0.05% to $1.3619.
Across the Pond
It’s a busier day ahead. Key stats include the weekly jobless claims and Philly FED Manufacturing Index numbers for January. Another rise in jobless claims could test support for riskier assets.
At the time of writing, the U.S Dollar Spot Index was up by 0.05% to 95.562.
For the Loonie
It’s a quiet day ahead, with no major stats due out of Canada to provide the Loonie with direction. The lack of stats will leave the Loonie in the hands of crude oil prices on the day.
At the time of writing, the Loonie was up by 0.09% to C$1.2504 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Key stats include the weekly jobless claims and Philly FED Manufacturing Index numbers for January. The lack of stats will leave the Loonie in the hands of crude oil prices on the day. This article was originally posted on FX Empire More From FXEMPIRE: Fidelity Files Metaverse ETF With SEC, After Spot Bitcoin ETF Rejection Qubit Finance Protocol Loses $80 Million on an Exploit White House to Take the Lead on Crypto Regulation The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar Employment figures were in focus this morning. The Day Ahead For the EUR It’s a busier day ahead on the economic calendar. For the Loonie It’s a quiet day ahead, with no major stats due out of Canada to provide the Loonie with direction. | At the time of writing, the Japanese Yen was up by 0.02% to ¥114.310 against the U.S Dollar. The Day Ahead For the EUR It’s a busier day ahead on the economic calendar. Finalized December inflation figures for the Eurozone and German wholesale inflation figures are due out later today. | At the time of writing, the Japanese Yen was up by 0.02% to ¥114.310 against the U.S Dollar. For the Aussie Dollar Employment figures were in focus this morning. The Day Ahead For the EUR It’s a busier day ahead on the economic calendar. | cab66f13-b9cb-4e25-92f9-38305c8fca21 |
708906.0 | 2022-01-17 00:00:00 UTC | A Busier Economic Calendar Puts the Pound in the Spotlight | DBO | https://www.nasdaq.com/articles/a-busier-economic-calendar-puts-the-pound-in-the-spotlight | nan | nan | FXEmpire.com -
Earlier in the Day:
It is a quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in focus in the early hours. Later this morning, the Bank of Japan will be in action, with finalized industrial production figures from Japan also due out.
For the Kiwi Dollar
In the 4th quarter, the NZIER Business Confidence Index slumped by 28%. The Index had tumbled by 11% in the 3rd quarter.
According to the NZIER Survey,
COVID-19 lockdown measures and international border restrictions weighed on business confidence and demand.
A net 34% of firms expect deterioration in general economic conditions in the months ahead, up from 11%.
There was also a net 1% of firms reporting weaker demand in their own businesses.
The manufacturing sector was most affected, with a net 34% of manufacturers expecting a worsening in the economy. Things were not much better for the services sector, however.
On the labor front, labor shortages and a sharp pickup in inflationary pressures were also negatives.
A net 61% reported increased costs, the highest since June 2008.
Significantly, a net 65% of businesses plan to increase prices in the next quarter.
The Kiwi Dollar moved from $0.67942 to $0.67933 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.09% to $0.6795.
Elsewhere
At the time of writing, the Aussie Dollar was down by 0.11% to $0.7209, while the Japanese Yen was up by 0.02% to ¥114.610 against the U.S Dollar.
The Day Ahead
For the EUR
It’s a busier day ahead on the economic calendar. German and Eurozone ZEW Economic Sentiment figures for January will be in focus. Since the start of the pandemic, EUR sensitivity to the ZEW numbers has seen a marked increase. Expect any weak numbers to test support for the EUR.
At the time of writing, the EUR was down by 0.02% to $1.1406.
For the Pound
It’s particularly busy day ahead on the economic calendar. December claimant count figures and November’s unemployment rate will be the key stats of the day. With the markets expecting a more hawkish BoE in the coming months, upbeat stats would support another near-term rate hike.
At the time of writing, the Pound was down by 0.02% to $1.3644.
Across the Pond
NY Empire State Manufacturing numbers are due out of the U.S. Baring particularly dire numbers, however, the stats should have a muted impact on the Dollar.
On Monday, the U.S Dollar Spot Index rose by 0.10% to end the day at 95.258.
For the Loonie
Housing start figures for December are due out later today. We don’t expect the numbers to have a material impact on the Loonie.
We will expect market reaction to the OPEC’s monthly report and the impact on crude oil prices, however.
At the time of writing, the Loonie was down by 0.02% to C$1.2518 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to the NZIER Survey, COVID-19 lockdown measures and international border restrictions weighed on business confidence and demand. With the markets expecting a more hawkish BoE in the coming months, upbeat stats would support another near-term rate hike. This article was originally posted on FX Empire More From FXEMPIRE: Gold Prices Rise to Test Key Resistance Silver Continues to See Volatility Silver Prices Whipsaw Despite Gains in Gold The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Kiwi Dollar In the 4th quarter, the NZIER Business Confidence Index slumped by 28%. For the Pound It’s particularly busy day ahead on the economic calendar. For the Loonie Housing start figures for December are due out later today. | Elsewhere At the time of writing, the Aussie Dollar was down by 0.11% to $0.7209, while the Japanese Yen was up by 0.02% to ¥114.610 against the U.S Dollar. The Day Ahead For the EUR It’s a busier day ahead on the economic calendar. Across the Pond NY Empire State Manufacturing numbers are due out of the U.S. Baring particularly dire numbers, however, the stats should have a muted impact on the Dollar. | For the Kiwi Dollar In the 4th quarter, the NZIER Business Confidence Index slumped by 28%. Since the start of the pandemic, EUR sensitivity to the ZEW numbers has seen a marked increase. For the Loonie Housing start figures for December are due out later today. | e5b64657-dcc0-4bd7-8422-111e511c45a0 |
708907.0 | 2022-01-13 00:00:00 UTC | Economic Data Puts the GBP and the Greenback in the Spotlight, with the ECB also in Focus | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-gbp-and-the-greenback-in-the-spotlight-with-the-ecb-also-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. There were no major stats to provide the majors with direction early in the Asian session. Later this morning, however, trade data from China will draw plenty of interest as economies grapple with the Omicron strain.
The Majors
At the time of writing, the Aussie Dollar was down by 0.03% to $0.7281, while the Japanese Yen was up by 0.02% to ¥114.180 against the U.S Dollar. The Kiwi Dollar was up by 0.03% to $0.6863.
The Day Ahead
For the EUR
It’s a relatively busy day ahead on the economic calendar. Eurozone trade data will be in focus later today. Following disappointing numbers from Germany, a marked narrowing of the trade surplus could test support for the EUR.
Finalized inflation figures from France and Spain are also due out. Barring any revisions from prelim figures, however, they should have a muted impact on the EUR.
On the monetary policy front, ECB President Lagarde is due to speak, with the markets looking for views on inflation and monetary policy.
At the time of writing, the EUR was up by 0.02% to $1.1457.
For the Pound
It’s busy day ahead on the economic calendar. Industrial and manufacturing production figures are due out along with GDP numbers for November. Expect the manufacturing production and GDP numbers to be key. Trade data, also due out, should have a muted impact on the Pound.
At the time of writing, the Pound was up by 0.02% to $1.3709.
Across the Pond
It’s another relatively busy day ahead, with December retail sales the key stat of the day. The markets will be looking for any impact of the latest spike in consumer prices on spending. In December, the U.S annual rate of inflation had hit the highest level since 1982.
Other stats include industrial production and consumer sentiment figures. Barring dire numbers, however, these should have a muted impact on the markets.
On Thursday, the U.S Dollar Spot Index fell by 0.07% to 94.853.
For the Loonie
It’s yet another quiet day ahead. There are no material stats from Canada to provide the Loonie with direction. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day.
At the time of writing, the Loonie was up by 0.04% to C$1.2515 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Later this morning, however, trade data from China will draw plenty of interest as economies grapple with the Omicron strain. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Gets Hammered to Break Major Support for the Week Silver Markets Form Resistive Candle ADA price falls despite Cardano’s SundaeSwap DEX launch The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Industrial and manufacturing production figures are due out along with GDP numbers for November. Across the Pond It’s another relatively busy day ahead, with December retail sales the key stat of the day. Other stats include industrial production and consumer sentiment figures. | The Majors At the time of writing, the Aussie Dollar was down by 0.03% to $0.7281, while the Japanese Yen was up by 0.02% to ¥114.180 against the U.S Dollar. The Day Ahead For the EUR It’s a relatively busy day ahead on the economic calendar. Across the Pond It’s another relatively busy day ahead, with December retail sales the key stat of the day. | At the time of writing, the EUR was up by 0.02% to $1.1457. Trade data, also due out, should have a muted impact on the Pound. At the time of writing, the Loonie was up by 0.04% to C$1.2515 against the U.S Dollar. | 18fa48a1-252c-4b45-a7fb-fe754dce691b |
708908.0 | 2022-01-12 00:00:00 UTC | The ECB and U.S Wholesale Inflation and Jobless Claims Keep the EUR and USD in Focus | DBO | https://www.nasdaq.com/articles/the-ecb-and-u.s-wholesale-inflation-and-jobless-claims-keep-the-eur-and-usd-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action in the early hours.
For the Kiwi Dollar
In November, building consents rose by 0.6%, partially reversing a 2.1% decline from October.
According to NZ Stats,
A record 48,522 new homes were consented in the year ended November 2021.
Compared with year ended November 2020, consents were up by 26%.
In the month of November, 4,688 new homes were consented, which was the highest monthly number on record.
The Kiwi Dollar moved from $0.68941 to $0.68 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.06% to $0.6846.
Elsewhere
At the time of writing, the Aussie Dollar was up by 0.03% to $0.7286, while the Japanese Yen was flat at ¥114.640 against the U.S Dollar.
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction. From the ECB, however, the ECB Economic Bulletin and member chatter will draw interest. ECB members De Guindos, Hakkarainen, and Elderson are scheduled to speak.
The big question remains whether the ECB will continue to stand by its transitory view on inflation.
At the time of writing, the EUR was flat at $1.1442.
For the Pound
It’s yet another particularly quiet day ahead on the economic calendar. There are no material stats from the UK to provide the Pound with direction later today.
At the time of writing, the Pound was up by 0.04% to $1.3705.
Across the Pond
It’s a relatively busy day ahead, with December wholesale inflation and jobless claims figures due out later today. Both sets of numbers will draw interest, following the Dollar’s stumble on Wednesday.
On Wednesday, the U.S Dollar Spot Index slid by 0.65% to 94.999.
For the Loonie
It’s another quiet day ahead. There are no material stats from Canada to provide the Loonie with direction. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day.
At the time of writing, the Loonie was up by 0.02% to C$1.2506 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Across the Pond It’s a relatively busy day ahead, with December wholesale inflation and jobless claims figures due out later today. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Gets Reprieve on Thursday Developers Revive Telegram’s Crypto Project Why Ethereum Whales Could Be Diversifying to MATIC, LINK The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to NZ Stats, A record 48,522 new homes were consented in the year ended November 2021. Compared with year ended November 2020, consents were up by 26%. The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. | At the time of writing, the Kiwi Dollar was down by 0.06% to $0.6846. Elsewhere At the time of writing, the Aussie Dollar was up by 0.03% to $0.7286, while the Japanese Yen was flat at ¥114.640 against the U.S Dollar. The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. | For the Kiwi Dollar In November, building consents rose by 0.6%, partially reversing a 2.1% decline from October. At the time of writing, the Kiwi Dollar was down by 0.06% to $0.6846. From the ECB, however, the ECB Economic Bulletin and member chatter will draw interest. | af66ae45-0e22-47b9-8376-ab7b3ea03b49 |
708909.0 | 2022-01-11 00:00:00 UTC | U.S Inflation Figures for December Put the U.S Dollar back in the Spotlight | DBO | https://www.nasdaq.com/articles/u.s-inflation-figures-for-december-put-the-u.s-dollar-back-in-the-spotlight | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. Inflation figures from China were in focus this morning. With stats on the quieter side, the markets also responded further FED Chair Powell’s testimony from Tuesday.
From China
In December, China’s annual rate of inflation softened from 2.3% to 1.5%. Economists had forecast an annual rate of inflation of 1.8%. Month-on-month, consumer prices fell by 0.3% versus a forecasted 0.2% increase. Consumer prices had risen by 0.4% in November.
Wholesale inflationary pressures also softened. China’s annual wholesale rate of inflation eased from 12.9% to 10.3%. Economists had forecast an annual wholesale rate of inflation of 11.1%.
The Aussie Dollar moved from $0.72069 to $0.72098 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.01% to $0.7211.
Elsewhere
At the time of writing, the Kiwi Dollar was flat at $0.6786, with the Japanese Yen flat at ¥115.300 against the U.S Dollar.
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic calendar. Industrial production figures for the Eurozone are due out later today. With little else to consider, we can expect some EUR sensitivity to the numbers.
At the time of writing, the EUR was down by 0.01% to $1.1366.
For the Pound
It’s yet another particularly quiet day ahead on the economic calendar. There are no material stats from the UK to provide the Pound with direction later today.
At the time of writing, the Pound was down by 0.04% to $1.3630.
Across the Pond
It’s a big day ahead, with December inflation figures due out later today. We can expect plenty of market sensitivity to the numbers, with persistent inflationary pressure expected to lead to more aggressive moves to curb inflation.
At the time of writing, the U.S Dollar Spot Index was down by 0.02% to 95.607.
For the Loonie
It’s another quiet day ahead. There are no material stats from Canada to provide the Loonie with direction. The lack of stats will leave the Loonie in the hands of crude oil inventories and market risk sentiment on the day.
At the time of writing, the Loonie was up by 0.06% to C$1.2568 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | With stats on the quieter side, the markets also responded further FED Chair Powell’s testimony from Tuesday. The lack of stats will leave the Loonie in the hands of crude oil inventories and market risk sentiment on the day. This article was originally posted on FX Empire More From FXEMPIRE: BabyDoge Adds 13% to its Value in 24 Hours Following CoinEx Listing S&P 500 Testing Support British Pound Finds Support Against US Dollar The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | From China In December, China’s annual rate of inflation softened from 2.3% to 1.5%. The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. Across the Pond It’s a big day ahead, with December inflation figures due out later today. | Elsewhere At the time of writing, the Kiwi Dollar was flat at $0.6786, with the Japanese Yen flat at ¥115.300 against the U.S Dollar. The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. Across the Pond It’s a big day ahead, with December inflation figures due out later today. | The Aussie Dollar moved from $0.72069 to $0.72098 upon release of the figures. Across the Pond It’s a big day ahead, with December inflation figures due out later today. At the time of writing, the Loonie was up by 0.06% to C$1.2568 against the U.S Dollar. | c84922e4-191d-42e5-af6c-bee0ad8e04c1 |
708910.0 | 2022-01-04 00:00:00 UTC | Service Sector PMIs and ADP Nonfarm Payrolls to Keep the EUR and USD in Focus | DBO | https://www.nasdaq.com/articles/service-sector-pmis-and-adp-nonfarm-payrolls-to-keep-the-eur-and-usd-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a particularly quiet start to the day on the economic calendar this morning. There were no major stats for the markets to consider through the early part of the Asian session.
The Majors
At the time of writing, the Kiwi Dollar was down by 0.09% to $0.6802, while the Japanese Yen was up by 0.01% to ¥116.150 against the U.S Dollar. The Aussie Dollar was flat at $0.7236.
The Day Ahead
For the EUR
It’s a busy day ahead on the economic calendar. Service sector PMIs for Italy and Spain are due out along with finalized PMIs for France, Germany, and the Eurozone. Barring any marked revisions, expect Italy and the Eurozone’s PMIs to be key.
At the time of writing, the EUR was down by 0.01% to $1.1286.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction. The lack of stats will leave the Pound in the hands of market risk sentiment on the day.
At the time of writing, the Pound was down by 0.02% to $1.3527.
Across the Pond
It’s a relatively busy day ahead. ADP nonfarm employment change and finalized services and composite PMIs are due out. Expect any revisions to the services PMI and the ADP numbers to be key.
On Tuesday, the U.S Dollar Spot Index rose by 0.08% to end the day at 96.292.
For the Loonie
It’s a quiet day ahead. Housing sector data are due out that should have a muted impact on the Loonie. Expect crude oil inventories and market risk sentiment to be key on the day.
At the time of writing, the Loonie was up by 0.02% to C$1.2706 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The lack of stats will leave the Pound in the hands of market risk sentiment on the day. Expect crude oil inventories and market risk sentiment to be key on the day. This article was originally posted on FX Empire More From FXEMPIRE: Bitcoin (BTC) and the Broader Market Track the U.S Equity Markets into Positive Territory The ECB and U.S Wholesale Inflation and Jobless Claims Keep the EUR and USD in Focus NZD/USD Poised for Breakout with .6961 – .7022 on Radar The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. Service sector PMIs for Italy and Spain are due out along with finalized PMIs for France, Germany, and the Eurozone. For the Pound It’s a particularly quiet day ahead on the economic calendar. | FXEmpire.com - Earlier in the Day: It was a particularly quiet start to the day on the economic calendar this morning. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. For the Pound It’s a particularly quiet day ahead on the economic calendar. | The Majors At the time of writing, the Kiwi Dollar was down by 0.09% to $0.6802, while the Japanese Yen was up by 0.01% to ¥116.150 against the U.S Dollar. For the Pound It’s a particularly quiet day ahead on the economic calendar. At the time of writing, the Loonie was up by 0.02% to C$1.2706 against the U.S Dollar. | 960d328c-c278-41c2-8093-fa9ce8fd7eac |
708911.0 | 2022-01-03 00:00:00 UTC | A Busy Economic Calendar Puts the EUR, the GBP, and the Greenback in Focus | DBO | https://www.nasdaq.com/articles/a-busy-economic-calendar-puts-the-eur-the-gbp-and-the-greenback-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively busy start to the day on the economic calendar this morning. Economic data from China was in focus early this morning. The RBA will also be in action later this morning.
From China
In December, the Caixin Manufacturing PMI rose from 49.9 to 50.9 versus a forecasted 50.0.
According to the December survey,
Firms reported the strongest increase in output for the year, supported by a pickup in total sales.
Foreign demand remained weak, however, as a result of the latest surge in new COVID-19 cases.
Backlogs increased once more amidst a fall in staffing levels.
Supplier performance improved, with inflationary pressures softening at the end of the year.
Business confidence waned, however, as a result of supply chain woes and the global pandemic.
The Aussie Dollar moved from $0.72006 to $0.72037 upon release of the stats, which preceded the RBA monetary policy decision. At the time of writing, the Aussie Dollar was up by 0.15% to $0.7201.
Elsewhere
At the time of writing, the Kiwi Dollar was up by 0.06% to $0.6789, while the Japanese Yen was down by 0.08% to ¥115.410 against the U.S Dollar.
The Day Ahead
For the EUR
It’s a busy day ahead on the economic calendar. German retail sales and French inflation figures are in focus going into the European open. Later in the morning, German unemployment figures are also due out.
With the new Omicron strain spreading across the Eurozone, expect plenty of interest in the unemployment and inflation figures. The German retail sales figures are for November, which won’t reflect the effects of the Omicron strain on consumption. Dire numbers would raise a red flag, however, over the effects of inflation on consumer spending.
At the time of writing, the EUR was up by 0.09% to $1.1307.
For the Pound
It’s a quiet day ahead on the economic calendar. Finalized manufacturing PMI figures for December are due out. Expect any revisions from prelim figures to influence.
At the time of writing, the Pound was up by 0.01% to $1.3481.
Across the Pond
The market’s preferred ISM Manufacturing PMI is due out along with JOLT’s job openings. Both sets of numbers will draw interest late in the day.
At the time of writing, the Dollar Spot Index was down by 0.03% to 96.184.
For the Loonie
It’s a quiet day ahead. RMPI numbers for November are due out later today. With little else for the markets to consider, expect the numbers to provide direction.
Ultimately, however, crude oil prices and market risk sentiment will remain the key drivers.
At the time of writing, the Loonie was down by 0.06% to C$1.2753 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to the December survey, Firms reported the strongest increase in output for the year, supported by a pickup in total sales. The German retail sales figures are for November, which won’t reflect the effects of the Omicron strain on consumption. This article was originally posted on FX Empire More From FXEMPIRE: Cryptos Waking Up From Stagnation Phase As BTC Trades Above $42K Bitcoin (BTC) and the Broader Market Receive a FED Chair Booster E-mini Dow Ready to Challenge 36177 – 36331 Resistance The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. German retail sales and French inflation figures are in focus going into the European open. The German retail sales figures are for November, which won’t reflect the effects of the Omicron strain on consumption. | FXEmpire.com - Earlier in the Day: It was a relatively busy start to the day on the economic calendar this morning. Elsewhere At the time of writing, the Kiwi Dollar was up by 0.06% to $0.6789, while the Japanese Yen was down by 0.08% to ¥115.410 against the U.S Dollar. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. | FXEmpire.com - Earlier in the Day: It was a relatively busy start to the day on the economic calendar this morning. Later in the morning, German unemployment figures are also due out. With the new Omicron strain spreading across the Eurozone, expect plenty of interest in the unemployment and inflation figures. | a85b30e3-4a62-4fba-b9ed-4a90b9beee0c |
708912.0 | 2022-01-02 00:00:00 UTC | Private Sector PMIs Put the EUR and the Dollar in Focus | DBO | https://www.nasdaq.com/articles/private-sector-pmis-put-the-eur-and-the-dollar-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It is a particularly quiet start to the day on the economic calendar this morning. There were no major stats to consider, with the markets closed in Australia, New Zealand, and Japan.
The Majors
At the time of writing, the Kiwi Dollar was up by 0.10% to $0.6833, while the Japanese Yen was down by 0.15% to ¥115.250 against the U.S Dollar. The Aussie Dollar was down by 0.21% to $0.7248.
The Day Ahead
For the EUR
It’s a busy day ahead on the economic calendar. Manufacturing PMIs for Italy and Spain will be in focus along with finalized PMIs for France, Germany, and the Eurozone.
Barring any revisions to the prelim PMIs, expect Italy and the Eurozone’s PMIs to have the greatest influence on the EUR.
At the time of writing, the EUR was down by 0.18% to $1.1350.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction, with the UK markets closed today
At the time of writing, the Pound was down by 0.18% to $1.3508.
Across the Pond
Finalized U.S Markit Manufacturing PMI figures for December will be in focus later today. Barring a revision from prelim, however, we don’t expect too much impact on the Dollar.
At the time of writing, the Dollar Spot Index was up by 0.11% to 95.779.
For the Loonie
It’s a quiet start to the year. There are no major stats to provide direction. The lack of stats will leave crude oil prices and market risk sentiment to provide direction.
At the time of writing, the Loonie was down by 0.23% to C$1.2666 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Across the Pond Finalized U.S Markit Manufacturing PMI figures for December will be in focus later today. The lack of stats will leave crude oil prices and market risk sentiment to provide direction. This article was originally posted on FX Empire More From FXEMPIRE: Digital Asset Fund Outflow in the First Week of January Tops $200 Million Despite Bearish Crypto Market, OpenSea Trading Volume Continues to Gallop Trader Reaction to $78.58 Sets the Tone for March WTI Crude Oil Futures The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Barring any revisions to the prelim PMIs, expect Italy and the Eurozone’s PMIs to have the greatest influence on the EUR. For the Pound It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction, with the UK markets closed today At the time of writing, the Pound was down by 0.18% to $1.3508. | The Majors At the time of writing, the Kiwi Dollar was up by 0.10% to $0.6833, while the Japanese Yen was down by 0.15% to ¥115.250 against the U.S Dollar. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction, with the UK markets closed today At the time of writing, the Pound was down by 0.18% to $1.3508. | The Majors At the time of writing, the Kiwi Dollar was up by 0.10% to $0.6833, while the Japanese Yen was down by 0.15% to ¥115.250 against the U.S Dollar. At the time of writing, the EUR was down by 0.18% to $1.1350. There are no material stats due out of the UK to provide the Pound with direction, with the UK markets closed today At the time of writing, the Pound was down by 0.18% to $1.3508. | ac514a74-7c32-4888-a707-7a6b65905513 |
708913.0 | 2021-12-29 00:00:00 UTC | Economic Data Puts the EUR and the Dollar in the Spotlight | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-and-the-dollar-in-the-spotlight | nan | nan | FXEmpire.com -
Earlier in the Day:
It is a particularly quiet start to the day on the economic calendar this morning. There are no major stats for the markets to consider through the Asian session.
The Majors
At the time of writing, the Kiwi Dollar was up by 0.16% to $0.6841, with the Aussie Dollar up by 0.10% to $0.7257. The Japanese Yen was down by 0.09% to ¥115.050 against the U.S Dollar,
The Day Ahead
For the EUR
It’s a quiet day ahead on theeconomic calendar Prelim December inflation figures from Spain will provide direction early in the European session.
Away from theeconomic calendar COVID-19 news updates will also influence, however, following numbers from France on Wednesday. According to the WHO, France has recorded more than 600,000 new cases over the last 7-days.
At the time of writing, the EUR was down by 0.02% to $1.1347.
For the Pound
It’s also a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction. The lack of stats will leave COVID-19 news updates in focus.
At the time of writing, the Pound was up by 0.06% to $1.3498.
Across the Pond
Jobless claims figures for the week ending 24th December will be the key stat of the day. Expect any sharp increase in claims to test support for riskier assets as the markets look to assess the impact of Omicron on U.S labor market conditions. Chicago PMI figures for December will also draw interest, however, later in the day.
At the time of writing, the Dollar Spot Index was down by 0.03% to 95.897.
For the Loonie
It’s quiet day ahead on the economic data front. There are no major stats to provide direction. The lack of stats will leave crude oil prices and market risk sentiment to provide direction.
At the time of writing, the Loonie was up by 0.12% to C$1.2776 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
More From FXEMPIRE:
Crude Oil Price Forecast – Crude Oil Markets Continue to Rally
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USD/CAD Daily Forecast – Canadian Dollar Gains Ground As WTI Oil Tests The $80 Level
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Across the Pond Jobless claims figures for the week ending 24th December will be the key stat of the day. The lack of stats will leave crude oil prices and market risk sentiment to provide direction. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast – Crude Oil Markets Continue to Rally Gold Price Prediction – Prices Drop as Yields Surge USD/CAD Daily Forecast – Canadian Dollar Gains Ground As WTI Oil Tests The $80 Level The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Japanese Yen was down by 0.09% to ¥115.050 against the U.S Dollar, The Day Ahead For the EUR It’s a quiet day ahead on theeconomic calendar Prelim December inflation figures from Spain will provide direction early in the European session. The lack of stats will leave crude oil prices and market risk sentiment to provide direction. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast – Crude Oil Markets Continue to Rally Gold Price Prediction – Prices Drop as Yields Surge USD/CAD Daily Forecast – Canadian Dollar Gains Ground As WTI Oil Tests The $80 Level The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - Earlier in the Day: It is a particularly quiet start to the day on the economic calendar this morning. The Japanese Yen was down by 0.09% to ¥115.050 against the U.S Dollar, The Day Ahead For the EUR It’s a quiet day ahead on theeconomic calendar Prelim December inflation figures from Spain will provide direction early in the European session. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast – Crude Oil Markets Continue to Rally Gold Price Prediction – Prices Drop as Yields Surge USD/CAD Daily Forecast – Canadian Dollar Gains Ground As WTI Oil Tests The $80 Level The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | There are no major stats for the markets to consider through the Asian session. The Japanese Yen was down by 0.09% to ¥115.050 against the U.S Dollar, The Day Ahead For the EUR It’s a quiet day ahead on theeconomic calendar Prelim December inflation figures from Spain will provide direction early in the European session. The lack of stats will leave crude oil prices and market risk sentiment to provide direction. | 6b76a82b-caf3-496b-ae49-9f56ee1a891b |
708914.0 | 2021-12-28 00:00:00 UTC | A Quiet Economic Calendar Leaves the U.S Economy and the Greenback in Focus | DBO | https://www.nasdaq.com/articles/a-quiet-economic-calendar-leaves-the-u.s-economy-and-the-greenback-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It is a particularly quiet start to the day on the economic calendar this morning. There are no major stats for the markets to consider through the Asian session.
The Majors
At the time of writing, the Kiwi Dollar was down by 0.01% to $0.6804, with the Aussie Dollar flat at $0.7229. The Japanese Yen was up by 0.01% to ¥114.810 against the U.S Dollar,
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic calendar. There are no major stats due out of the Eurozone to provide the EUR with direction. The lack of stats will leave the EUR in the hands of Omicron news on the day.
At the time of writing, the EUR was down by 0.01% to $1.1309.
For the Pound
It’s also a particularly quiet day ahead on the economic calendar. House price figures are due out that should have a muted impact on the Pound.
At the time of writing, the Pound was up by 0.02% to $1.3437.
Across the Pond
Goods trade data, pending home sales, and inventory figures for November will be the key stats of the day. Barring a marked widening of the U.S trade deficit, however, we don’t expect too much influence from the stats.
On Tuesday, the Dollar Spot Index rose by 0.04% to end the day at 96.135.
For the Loonie
It’s quiet day ahead on the economic data front. There are no major stats to provide direction. The lack of stats will leave crude oil inventories and market risk sentiment to provide direction.
At the time of writing, the Loonie was up by 0.05% to C$1.2816 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Across the Pond Goods trade data, pending home sales, and inventory figures for November will be the key stats of the day. The lack of stats will leave crude oil inventories and market risk sentiment to provide direction. This article was originally posted on FX Empire More From FXEMPIRE: Crypto Markets Turn Red as $200 Billion Exits The Space USD/CAD Exchange Rate Prediction – The Dollar Edge Higher on Strong Jobs Data Tennis and the Australian Open Go NFT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Japanese Yen was up by 0.01% to ¥114.810 against the U.S Dollar, The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. For the Pound It’s also a particularly quiet day ahead on the economic calendar. For the Loonie It’s quiet day ahead on the economic data front. | FXEmpire.com - Earlier in the Day: It is a particularly quiet start to the day on the economic calendar this morning. The Japanese Yen was up by 0.01% to ¥114.810 against the U.S Dollar, The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. For the Pound It’s also a particularly quiet day ahead on the economic calendar. | There are no major stats due out of the Eurozone to provide the EUR with direction. For the Pound It’s also a particularly quiet day ahead on the economic calendar. For the Loonie It’s quiet day ahead on the economic data front. | b5613127-abec-42d9-8440-1a797f0db1d5 |
708915.0 | 2021-12-26 00:00:00 UTC | French Stats and COVID-19 News to Influence as Markets Reopen | DBO | https://www.nasdaq.com/articles/french-stats-and-covid-19-news-to-influence-as-markets-reopen | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. The Japanese Yen was in action this morning.
For the Japanese Yen
According to the According to the Ministry of Economy, Trade and Industry, retail sales increased by 1.9% in November, year-on-year. In October, retail sales had risen by 0.9%. Economists had forecast a 1.7% increase
The Japanese Yen moved from ¥114.332 to ¥114.358 upon release of the figures. At the time of writing, the Japanese Yen was up by 0.01% to ¥114.370 against the U.S Dollar,
Elsewhere
At the time of writing, the Kiwi Dollar was up by 0.03% to $0.6820, with the Aussie Dollar up by 0.19% to $0.7235.
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic calendar. French jobseeker total figures for November will be in focus early in the European session.
Barring particularly dire numbers, there shouldn’t be too much impact on the EUR, however.
At the time of writing, the EUR was up by 0.02% to $1.1321.
For the Pound
It’s also a particularly quiet day ahead on the economic calendar. There are no material stats to provide the Pound with direction, with the UK markets closed today.
At the time of writing, the Pound was up by 0.11% to $1.3401.
Across the Pond
There are no stats to consider today, leaving COVID-19 news updates to influence.
At the time of writing, the Dollar Spot Index was up by 0.12% to 96.133.
For the Loonie
It’s quiet day ahead on the economic data front. There are no major stats to provide direction. The lack of stats will leave crude oil prices and market risk sentiment to provide direction.
At the time of writing, the Loonie was up by 0.02% to C$1.2813 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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European Equities: Another Busy Economic Calender to Provide Direction
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Japanese Yen According to the According to the Ministry of Economy, Trade and Industry, retail sales increased by 1.9% in November, year-on-year. The lack of stats will leave crude oil prices and market risk sentiment to provide direction. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: Another Busy Economic Calender to Provide Direction GBP/USD Daily Forecast – U.S. Dollar Stays Strong Against British Pound EUR/USD Daily Forecast – Support At 1.1270 In Sight The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. For the Pound It’s also a particularly quiet day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: Another Busy Economic Calender to Provide Direction GBP/USD Daily Forecast – U.S. Dollar Stays Strong Against British Pound EUR/USD Daily Forecast – Support At 1.1270 In Sight The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | At the time of writing, the Japanese Yen was up by 0.01% to ¥114.370 against the U.S Dollar, Elsewhere At the time of writing, the Kiwi Dollar was up by 0.03% to $0.6820, with the Aussie Dollar up by 0.19% to $0.7235. The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: Another Busy Economic Calender to Provide Direction GBP/USD Daily Forecast – U.S. Dollar Stays Strong Against British Pound EUR/USD Daily Forecast – Support At 1.1270 In Sight The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Economists had forecast a 1.7% increase The Japanese Yen moved from ¥114.332 to ¥114.358 upon release of the figures. At the time of writing, the EUR was up by 0.02% to $1.1321. There are no material stats to provide the Pound with direction, with the UK markets closed today. | 2eac8fc5-c9f8-4e21-885c-fd17755ca738 |
708916.0 | 2021-12-21 00:00:00 UTC | Economic Data Puts the Pound and the Greenback in Focus | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-pound-and-the-greenback-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a particularly quiet start to the day on the economic calendar this morning. There were no major stats to provide the markets with direction in the early part of the Asian session.
For the Majors
At the time of writing, the Japanese Yen was up by 0.02% to ¥114.080 against the U.S Dollar, with the Kiwi Dollar up by 0.03% to $0.6771. The Aussie Dollar was down by 0.06% to $0.7151.
The Day Ahead
For the EUR
It’s a particularly quiet day ahead on the economic calendar. There are no major stats due out of the Eurozone to provide the EUR with direction. The lack of stats will leave COVID-19 news in focus as the holidays approach.
At the time of writing, the EUR was down by 0.04% to $1.1281.
For the Pound
It’s a busier day ahead on the economic calendar. Finalized 3rd quarter GDP numbers for the UK will be in focus later today. Following the BoE’s rate hike, however, Pound sensitivity to the numbers will be limited. Concerns over the latest COVID-19 wave and likely impact on the economic outlook will remain the key area of focus going into the holidays.
At the time of writing, the Pound was up by 0.03% to $1.3266.
Across the Pond
It’s a relatively busy day ahead on the economic calendar. Finalized 3rd quarter GDP and consumer confidence numbers are due out along with existing home sales figures. Expect any revisions to the GDP numbers and consumer confidence to be key.
On Tuesday, the Dollar Spot Index fell by 0.07% to end the day at 96.482.
For the Loonie
It’s a particularly quiet day ahead on the economic data front. There are no major stats due out of Canada to provide the Loonie with direction, leaving crude oil inventories in focus.
At the time of writing, the Loonie was down by 0.01% to C$1.2915 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Concerns over the latest COVID-19 wave and likely impact on the economic outlook will remain the key area of focus going into the holidays. There are no major stats due out of Canada to provide the Loonie with direction, leaving crude oil inventories in focus. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Daily Forecast – Another Test Of Support At 1.2780 Silver Price Forecast – Silver Markets Have Recovered After Initial Plunge Invesco S&P SmallCap Health Care ETF Could Set a New High At $182 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. Finalized 3rd quarter GDP numbers for the UK will be in focus later today. Finalized 3rd quarter GDP and consumer confidence numbers are due out along with existing home sales figures. | FXEmpire.com - Earlier in the Day: It was a particularly quiet start to the day on the economic calendar this morning. For the Majors At the time of writing, the Japanese Yen was up by 0.02% to ¥114.080 against the U.S Dollar, with the Kiwi Dollar up by 0.03% to $0.6771. The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. | The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. For the Pound It’s a busier day ahead on the economic calendar. At the time of writing, the Loonie was down by 0.01% to C$1.2915 against the U.S Dollar. | 9ef095c8-1b9a-45ee-a5c1-aed53d56e34d |
708917.0 | 2021-12-20 00:00:00 UTC | Tighter Oil Supply Could Keep Prices Elevated Into 2022 | DBO | https://www.nasdaq.com/articles/tighter-oil-supply-could-keep-prices-elevated-into-2022 | nan | nan | Tighter oil supply should help prop up prices heading into 2022, which should make a bullish case for higher oil prices with the new year around the corner.
The post-Thanksgiving rout in the stock market also spilled over into oil prices. Since then, prices have stabilized and are continuing their upward trajectory.
"U.S. oil demand and inventories have offered support to oil prices in recent months and, volatility excluded, have continued to do so, with stocks below the five-year average for this time of the year," OilPrice.com says.
"While oil prices have swung in recent weeks between as high as $85 in late October to below $70 in late November amid fears of Omicron denting demand and a looming oversupply, lower-than-usual American stockpiles have been one constantly bullish theme for oil, especially the U.S. benchmark, WTI Crude," OilPrice.com adds.
COVID-19 continues to be a wild card in the capital markets, injecting fears of more supply chain disruptions moving forward. However, less supply could be the tailwind that helps to rocket oil prices back to elevated levels again.
“New containment measures put in place to halt the spread of the virus are likely to have a more muted impact on the economy versus previous Covid waves, not least because of widespread vaccination campaigns. As a result, we expect demand for road transport fuels and petrochemical feedstocks to continue to post healthy growth,” IEA says in its latest Oil Market Report for December.
An ETF to Bet on Bullish Oil Prices
One way to get exposure to play bullishness on oil prices is to use an exchange traded fund (ETF) like the Invesco DB Oil Fund (DBO). The fund rose as high as over 80% for the year before falling down to a 52% YTD gain, which should open up buying opportunities.
As mentioned, DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Furthermore, investors do not hold direct exposure to the heavy price volatility of holding positions directly in the commodity itself.
Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in the market value of crude oil. The single index commodity consists of light, sweet crude oil (WTI), and the fund invests in futures contracts in an attempt to track its corresponding index.
For more news, information, and strategy, visit the Innovative ETFs Channel.
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | An ETF to Bet on Bullish Oil Prices One way to get exposure to play bullishness on oil prices is to use an exchange traded fund (ETF) like the Invesco DB Oil Fund (DBO). As mentioned, DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in the market value of crude oil. | An ETF to Bet on Bullish Oil Prices One way to get exposure to play bullishness on oil prices is to use an exchange traded fund (ETF) like the Invesco DB Oil Fund (DBO). Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in the market value of crude oil. As mentioned, DBO provides the perfect opportunity to get exposure to the current upside in oil prices. | An ETF to Bet on Bullish Oil Prices One way to get exposure to play bullishness on oil prices is to use an exchange traded fund (ETF) like the Invesco DB Oil Fund (DBO). As mentioned, DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in the market value of crude oil. | An ETF to Bet on Bullish Oil Prices One way to get exposure to play bullishness on oil prices is to use an exchange traded fund (ETF) like the Invesco DB Oil Fund (DBO). As mentioned, DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in the market value of crude oil. | 9fc10907-8814-4338-9233-12e7a0f74ff8 |
708918.0 | 2021-12-19 00:00:00 UTC | While Economic Data Puts the GBP in Focus, COVID-19 News Updates Will Be Key | DBO | https://www.nasdaq.com/articles/while-economic-data-puts-the-gbp-in-focus-covid-19-news-updates-will-be-key | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action early this morning. On the monetary policy front, the PBoC also set loan prime rates for the final time this year. While leaving the 5-year unchanged at 4.65%, the PBoC cut the 1-year LPR from 3.85% to 3.80% this morning.
For the Kiwi Dollar
Consumer sentiment waned in the 4th quarter. The Westpac Consumer Sentiment Index fell from 102.7 to 99.1%.
According to the 4th quarter survey,
Rising mortgage rates, as well as ongoing concerns over COVID and its variants weighed.
Looking at the sub-components:
Compared with the 3rd quarter, the current financial situation sub-index fell by 7.1 to -10.7 versus an average -8.5.
The outlook also darkened, with the expected financial situation sub-index falling from 16.1 to 6.9.
With regards to the economy, the 1-year economic outlook sub-index fell from -5.6 to -11.2.
The 5-year economic outlook sub-index saw a more modest decline from 11.5 to 10.0.
Bucking the trend, was a rise in the Good time to buy index from -5.2 to 0.4. This remained well below the 24.4 average, however.
In November, New Zealand’s trade deficit narrowed from NZ$1,302m to NZ$864m. Year-on-year, the deficit widened from NZ$4,900m to NZ$6,040m.
According to NZ Stats,
Compared with November 2020,
Goods exports rose NZ$668m (13%) to NZ$5.9bn.
Milk powder, butter, & cheese rose by NZ$258m (14%).
Aluminium and aluminium articles up NZ$141m (151%).
Aircraft and parts fell by NZ$113m (89%).
Food preperations declined by NZ$82m (36%).
Goods imports rose NZ$1.8bn (37%) to NZ$6.7bn.
Mechanical machinery & equipment up NZ$244m (36%).
Vehicles, partes, & accessories rose by NZ$187m (32%).
Petroleum & products increased by NZ$150m (53%).
Ships, boats, & floating structures up NZ$146m.
The Kiwi Dollar moved from $0.67333 to $0.67448 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.30% to $0.6730.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.04% to ¥113.580 against the U.S Dollar, with the Aussie Dollar down by 0.14% to $0.7115.
The Day Ahead
For the EUR
It’s a particularly quiet day ahead on theeconomic calendar There are no material stats to provide the EUR with direction.
The lack of stats will leave COVID-19 news updates in focus.
At the time of writing, the EUR was flat at $1.1240.
For the Pound
It’s relatively quiet day ahead on the economic calendar. CBI Industrial Trend Orders for December will be in focus this afternoon. With little else for the markets to consider, expect Pound sensitivity.
Away from theeconomic calendar COVID-19 news updates will also need continued monitoring.
At the time of writing, the Pound was down by 0.14% to $1.3227.
Across the Pond
It’s a particularly quiet day ahead on theeconomic calendar There are no major stats to draw interest, leaving any FOMC member chatter to influence.
At the time of writing, the Dollar Spot Index was up by 0.04% to 96.599.
For the Loonie
It’s also a particular quiet day ahead on the economic data front. There are no material stats due out to provide the Loonie with direction. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment.
At the time of writing, the Loonie was down by 0.05% to C$1.2895 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On the monetary policy front, the PBoC also set loan prime rates for the final time this year. Across the Pond It’s a particularly quiet day ahead on theeconomic calendar There are no major stats to draw interest, leaving any FOMC member chatter to influence. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment. | According to NZ Stats, Compared with November 2020, Goods exports rose NZ$668m (13%) to NZ$5.9bn. The Day Ahead For the EUR It’s a particularly quiet day ahead on theeconomic calendar There are no material stats to provide the EUR with direction. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Price Forecast – S&P 500 Continues to Rally Into the New Year Silver Price Forecast – Silver Markets Continue to Explode to the Upside Silver Price Daily Forecast – Test Of Resistance At $23.15 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to NZ Stats, Compared with November 2020, Goods exports rose NZ$668m (13%) to NZ$5.9bn. Goods imports rose NZ$1.8bn (37%) to NZ$6.7bn. The Day Ahead For the EUR It’s a particularly quiet day ahead on theeconomic calendar There are no material stats to provide the EUR with direction. | According to NZ Stats, Compared with November 2020, Goods exports rose NZ$668m (13%) to NZ$5.9bn. Goods imports rose NZ$1.8bn (37%) to NZ$6.7bn. For the Pound It’s relatively quiet day ahead on the economic calendar. | 006f4301-557b-4f15-baa6-3d2039fc5448 |
708919.0 | 2021-12-16 00:00:00 UTC | Economic Data Puts the GBP and the EUR in Focus after Policy Decisions on Thursday | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-gbp-and-the-eur-in-focus-after-policy-decisions-on-thursday | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action early this morning. Later this morning, the BoJ will also be in focus, delivering its final monetary policy decision of the year.
For the Kiwi Dollar
In December, the ANZ Business Confidence Index fell from -16.4 to -23.2. The own activity outlook sub-component saw a more modest decline from 15.0 to 11.8.
According to the latest ANZ Report,
Labor shortages and freight disruptions were highlighted as key issues for firms at the end of the year.
Looking at the sub-components,
Cost expectations slipped from 88.7 to 88.2, while pricing intentions declined from 66.5 to 63.6. Both were still considered to be extremely high.
Inflation expectations continued to increase, rising from 4.24% to 4.42%.
Profit expectations continued to decline, falling from -9.7 to -13.1.
Export and investment intentions remained relatively steady in the month, however.
Activity vs same month one year ago jumped from 7.6 to 14.8 as a result of easing restrictions.
Employment vs same month one year ago was also on the rise, increasing from 11.7 to 15.1.
The Kiwi Dollar moved from $0.67952 to $0.67968 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.07% to $0.6795.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.11% to ¥113.790 against the U.S Dollar, with the Aussie Dollar down by 0.06% to $0.7180.
The Day Ahead
For the EUR
It’s a relatively busy day ahead on theeconomic calendar German wholesale inflation and business sentiment will be in focus early in the European session. Later in the day, finalized November inflation figures for the Eurozone will also draw interest.
At the time of writing, the EUR was down by 0.04% to $1.1326.
For the Pound
It’s relatively busy day ahead on the economic calendar. Retail sales will be in focus early in the day. With consumer prices on the rise, the markets will be assessing what impact inflation is having on consumption.
Away from theeconomic calendar COVID-19 news updates will also need monitoring.
At the time of writing, the Pound was up by 0.01% to $1.3325.
Across the Pond
It’s a particularly quiet day ahead on theeconomic calendar There are no major stats to draw interest, leaving FOMC member chatter to influence.
At the time of writing, the Dollar Spot Index was down by 0.04% to 96.006.
For the Loonie
It’s also a particular quiet day ahead on the economic data front. There are no material stats due out to provide the Loonie with direction. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment.
At the time of writing, the Loonie was down by 0.06% to C$1.2783 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to the latest ANZ Report, Labor shortages and freight disruptions were highlighted as key issues for firms at the end of the year. Across the Pond It’s a particularly quiet day ahead on theeconomic calendar There are no major stats to draw interest, leaving FOMC member chatter to influence. This article was originally posted on FX Empire More From FXEMPIRE: USD/JPY Forex Technical Analysis – Strengthens Over 114.380, Weakens Under 114.029 Crude Oil Price Update – Sustained Breakout Over $73.59 Could Lead to Near-Term Test of $77.85 Main Top NZD/USD Forex Technical Analysis – Sideways-to-Lower Trade Fueled by Below Average Volume The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Inflation expectations continued to increase, rising from 4.24% to 4.42%. The Day Ahead For the EUR It’s a relatively busy day ahead on theeconomic calendar German wholesale inflation and business sentiment will be in focus early in the European session. Across the Pond It’s a particularly quiet day ahead on theeconomic calendar There are no major stats to draw interest, leaving FOMC member chatter to influence. | FXEmpire.com - Earlier in the Day: It was a quiet start to the day on the economic calendar this morning. Elsewhere At the time of writing, the Japanese Yen was down by 0.11% to ¥113.790 against the U.S Dollar, with the Aussie Dollar down by 0.06% to $0.7180. The Day Ahead For the EUR It’s a relatively busy day ahead on theeconomic calendar German wholesale inflation and business sentiment will be in focus early in the European session. | The Day Ahead For the EUR It’s a relatively busy day ahead on theeconomic calendar German wholesale inflation and business sentiment will be in focus early in the European session. Across the Pond It’s a particularly quiet day ahead on theeconomic calendar There are no major stats to draw interest, leaving FOMC member chatter to influence. At the time of writing, the Loonie was down by 0.06% to C$1.2783 against the U.S Dollar. | 98a4dd43-9965-4c6e-8735-f387f5d6d2d6 |
708920.0 | 2021-12-11 00:00:00 UTC | The Week Ahead BoE, ECB and the FED all Set to Deliver Policy Decisions in a Busy Week Ahead | DBO | https://www.nasdaq.com/articles/the-week-ahead-boe-ecb-and-the-fed-all-set-to-deliver-policy-decisions-in-a-busy-week | nan | nan | FXEmpire.com -
The Week Ahead with Dukascopy TV
On the Macro
It’s a busier week ahead on the economic calendar, with 76 stats in focus in the week ending 10th December. In the week prior, 48 stats had been in focus.
For the Dollar:
Wholesale inflation and retail sales will be in focus in the 1st half of the week. Following the FED’s shift in stance on inflation, expect both data sets to be key.
On Thursday, jobless claims, Philly FED Manufacturing PMI, and prelim December private sector PMIs will draw attention. Expect the services PMI and jobless claims to have a greater impact, however.
While the stats will influence, the FOMC monetary policy decision, economic projections, and press conference will be the key driver.
The markets will be looking for a shift in forecasts on interest rates and any adverse impact of inflation on the economic outlook.
In the week ending 10th December, the Dollar Spot Index slipped by 0.02% to 96.097.
For the EUR:
Prelim private sector PMIs for December on Thursday and business sentiment figures on Friday will be in focus.
Finalized Eurozone inflation figures for November will also draw interest on Friday.
The main event, however, will be the ECB monetary policy decision and press conference on Thursday. Tapering aside, will ECB President Lagarde continue to see the spike in inflation as transitory?
For the week, the EUR slipped by 0.02% to $1.1313.
For the Pound:
It’s a busy week ahead on the economic calendar.
Early in the week, claimant counts and inflation will be key stats due out on Tuesday and Wednesday.
Prelim private sector PMIs on Thursday will also influence, with the services PMI the key stat.
The main event of the week, however, is the BoE monetary policy decision. A shift in sentiment towards policy has seen the Pound slide back to sub-$1.33 levels against the Dollar. A higher number of descent votes should support a bounce back. Much will depend, however, on the Bank’s view on inflation and its impact on consumption.
The Pound rose by 0.28% to end the week at $1.3273.
For the Loonie:
It’s relatively quiet week ahead on the economic calendar.
Inflation is back in the spotlight, with consumer price inflation figures due out on Wednesday.
Away from theeconomic calendar crude oil price and market risk sentiment will remain key drivers. OPEC’s monthly report on Monday will draw plenty of interest.
The Loonie ended the week up 0.94% to C$1.2722 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
Business and consumer confidence figures will be in focus on Tuesday and Wednesday. Both are of interest from an RBA perspective, to support investment and consumption.
On Thursday, employment numbers will likely be the key driver, however.
The Aussie Dollar rallied by 2.44% to $0.7172.
For the Kiwi Dollar:
3rd quarter GDP numbers on Thursday will be the key stats of the week. Business confidence will also be in focus at the end of the week, however.
The Kiwi Dollar ended the week down up 0.35% to $0.6796.
For the Japanese Yen:
Tankan survey figures for the 4th quarter and trade data are due out in the week.
Expect the large manufacturing and non-manufacturing index figures and the trade data to be the key areas of focus.
At the end of the week, the BoJ is also in action though there are unlikely to be any surprises.
The Japanese Yen fell by 0.57% to ¥113.440 against the U.S Dollar.
Out of China
Fixed asset investment, industrial production, retail sales, and unemployment figures are due out on Wednesday.
Expect the industrial production figures to be the key driver.
The Chinese Yuan ended the week up by 0.10% to CNY6.3700 against the U.S Dollar.
Geo-Politics
Nothing new to consider in the week ahead, with China and Capitol Hill continuing to be the key areas of focus.
COVID-19
News updates on the Omicron strain and any further news on vaccine efficacies will be key.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Thursday, jobless claims, Philly FED Manufacturing PMI, and prelim December private sector PMIs will draw attention. While the stats will influence, the FOMC monetary policy decision, economic projections, and press conference will be the key driver. This article was originally posted on FX Empire More From FXEMPIRE: Oracle Agrees to Acquire Medical Records Company Cerner E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Reaction to 15567.50 – 15284.00 Sets Near-Term Tone Instagram is Currently Exploring NFTs, CEO Reveals The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Thursday, jobless claims, Philly FED Manufacturing PMI, and prelim December private sector PMIs will draw attention. For the EUR: Prelim private sector PMIs for December on Thursday and business sentiment figures on Friday will be in focus. Prelim private sector PMIs on Thursday will also influence, with the services PMI the key stat. | FXEmpire.com - The Week Ahead with Dukascopy TV On the Macro It’s a busier week ahead on the economic calendar, with 76 stats in focus in the week ending 10th December. Early in the week, claimant counts and inflation will be key stats due out on Tuesday and Wednesday. For the Kiwi Dollar: 3rd quarter GDP numbers on Thursday will be the key stats of the week. | Inflation is back in the spotlight, with consumer price inflation figures due out on Wednesday. The Loonie ended the week up 0.94% to C$1.2722 against the U.S Dollar. The Kiwi Dollar ended the week down up 0.35% to $0.6796. | 22a6db4a-49c6-4197-a2c0-411d69bbe01d |
708921.0 | 2021-12-05 00:00:00 UTC | Economic Data Puts the EUR in Focus, while COVID-19 Will Remain a Key Driver | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-in-focus-while-covid-19-will-remain-a-key-driver | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a particularly quiet start to the day on the economic calendar this morning. There were no major stats to provide the majors with direction in the early hours.
The lack of stats left the markets to respond to Friday’s NFP numbers from the U.S and the latest COVID-19 news updates.
On the Omicron news front, the continued spread of the new strain and rising infections amongst the double-vaccinated will be a concern as winter roles in.
For the Majors
At the time of writing, the Japanese Yen was down by 0.18% to ¥113.000 against the U.S Dollar, while the Aussie Dollar was up by 0.19% to $0.7014. The Kiwi Dollar was down by 0.01% to $0.6749.
The Day Ahead
For the EUR
It’s a relatively busy day ahead on theeconomic calendar German factory orders and construction PMI figures are due out early in the European session.
Expect October factory orders to have the greatest influence on the EUR.
Away from theeconomic calendar member state chatter on the new strain and any further plans to contain the spread would also influence, however.
At the time of writing, the EUR was down by 0.20% to $1.1292.
For the Pound
It’s a quiet day ahead on the economic calendar. Construction PMI figures for November are due out, which should have a muted impact on the Pound.
At the time of writing, the Pound was down by 0.03% to $1.3232.
Across the Pond
It’s a particularly quiet day ahead. There are no material stats to consider later today.
The lack of stats will leave chatter from Capitol Hill and COVID-19 news updates in focus.
At the time of writing, the Dollar Spot Index was up by 0.16% to $96.269.
For the Loonie
It’s also a particularly quiet day ahead, with no material stats to consider.
The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment.
At the time of writing, the Loonie was up by 0.12% to C$1.2827 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On the Omicron news front, the continued spread of the new strain and rising infections amongst the double-vaccinated will be a concern as winter roles in. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Mid-Session Technical Analysis for December 13, 2021 Big Money Loves Broadcom Heavyweight Companies Continue to Participate in NFTs The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively busy day ahead on theeconomic calendar German factory orders and construction PMI figures are due out early in the European session. For the Pound It’s a quiet day ahead on the economic calendar. For the Loonie It’s also a particularly quiet day ahead, with no material stats to consider. | For the Majors At the time of writing, the Japanese Yen was down by 0.18% to ¥113.000 against the U.S Dollar, while the Aussie Dollar was up by 0.19% to $0.7014. The Day Ahead For the EUR It’s a relatively busy day ahead on theeconomic calendar German factory orders and construction PMI figures are due out early in the European session. For the Loonie It’s also a particularly quiet day ahead, with no material stats to consider. | For the Majors At the time of writing, the Japanese Yen was down by 0.18% to ¥113.000 against the U.S Dollar, while the Aussie Dollar was up by 0.19% to $0.7014. The Day Ahead For the EUR It’s a relatively busy day ahead on theeconomic calendar German factory orders and construction PMI figures are due out early in the European session. For the Loonie It’s also a particularly quiet day ahead, with no material stats to consider. | 6df1fbce-4a4a-4294-9389-3a3119b009da |
708922.0 | 2021-12-01 00:00:00 UTC | Economic Data Puts the EUR and the USD in Focus, with COVID-19 News Updates also Key | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-and-the-usd-in-focus-with-covid-19-news-updates-also-key | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively busy start to the day on the economic calendar this morning. The Aussie Dollar was in action this morning.
For the Aussie Dollar
It was a relatively busy morning, with finalized retail sales and trade data in focus.
In October, retail sales rose by 4.9%, which was in line with prelim figures. Retail sales had risen by 1.3% in September.
Australia’s trade surplus, narrowed from A$11.82bn to A$11.22bn in October, however.
According to the ABS,
Goods and services exports fell 3% to A$1,491m, with the decline stemming from falling iron ore prices.
Goods and services imports fell by 3% to A$887m, the decline attributed to a fall in the imports of capital goods.
The Aussie Dollar moved from $0.71097 to $0.71045 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.06% to $0.7101.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.17% to ¥112.970 against the U.S Dollar, while the Kiwi Dollar was up by 0.04% to $0.6812.
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic calendar. Eurozone unemployment figures for October will be in focus in the early part of the European session.
Barring an unexpected pickup in the unemployment rate, however, the numbers should have a muted impact on the EUR.
Alongside the unemployment figures, wholesale inflation figures for the Eurozone may garner more interest, however.
Expect central bank chatter and news updates on COVID-19 to remain key drivers.
At the time of writing, the EUR was flat at to $1.1320.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. The lack of stats will leave the Pound in the hands of COVID-19 chatter and market risk sentiment on the day.
At the time of writing, the Pound was flat at $1.3279.
Across the Pond
It’s a relatively quiet day ahead. Weekly jobless claims figures will be in focus later in the day. Following a fall back to sub-200k levels, the markets will be looking for the downward trend to continue ahead of tomorrow’s NFP numbers.
At the time of writing, the Dollar Spot Index was up by 0.02% to 96.051.
For the Loonie
It’s a quiet day ahead, with no major stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil prices, with OPEC’s meeting in focus.
At the time of writing, the Loonie was down by 0.01% to C$1.2819 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Following a fall back to sub-200k levels, the markets will be looking for the downward trend to continue ahead of tomorrow’s NFP numbers. The lack of stats will leave the Loonie in the hands of crude oil prices, with OPEC’s meeting in focus. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Price Forecast – Euro Pulls Back to Continue Noisy Consolidation Natural Gas Price Fundamental Daily Forecast – EIA Estimate is Expected to Come in Below 5-Year Average Draw Natural Gas Price Forecast – Natural Gas Markets Continue Sideways Grinding The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. For the Pound It’s a particularly quiet day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Price Forecast – Euro Pulls Back to Continue Noisy Consolidation Natural Gas Price Fundamental Daily Forecast – EIA Estimate is Expected to Come in Below 5-Year Average Draw Natural Gas Price Forecast – Natural Gas Markets Continue Sideways Grinding The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Elsewhere At the time of writing, the Japanese Yen was down by 0.17% to ¥112.970 against the U.S Dollar, while the Kiwi Dollar was up by 0.04% to $0.6812. The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Price Forecast – Euro Pulls Back to Continue Noisy Consolidation Natural Gas Price Fundamental Daily Forecast – EIA Estimate is Expected to Come in Below 5-Year Average Draw Natural Gas Price Forecast – Natural Gas Markets Continue Sideways Grinding The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar It was a relatively busy morning, with finalized retail sales and trade data in focus. The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. At the time of writing, the Loonie was down by 0.01% to C$1.2819 against the U.S Dollar. | 9afdd1c5-16a7-4c01-86e0-5ceb290a5c72 |
708923.0 | 2021-11-30 00:00:00 UTC | Private Sector PMIs, U.S Employment, and FED Chair Powell in Focus | DBO | https://www.nasdaq.com/articles/private-sector-pmis-u.s-employment-and-fed-chair-powell-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busy start to the day on the economic calendar this morning. The Kiwi Dollar, the Japanese Yen, and the Aussie Dollar were in action this morning, with economic data from China also in focus.
For the Japanese Yen
Capital spending increased by 1.2% in the 3rd quarter, year-on-year. Capital spending had been up by 5.3% in the 2nd quarter.
In November, Japan’s Manufacturing PMI rose from 53.2 to 54.5, which was up from a prelim 54.2.
According to the November survey,
The latest increase signaled the strongest improvement in manufacturing sector conditions since Jan-2018.
Production volumes rose at the fastest pace since April, supported by a pickup in new orders.
New orders grew at the most marked pace in 7-months.
Growth was held back, however, by reports of difficulties in sourcing and receiving raw materials.
Manufacturers increased employment levels for an 8th consecutive month, driven by capacity pressures. The pace of hiring was the fastest since Apr-2019.
In November, the pace of input price inflation was the strongest since Aug-2008.
The rate of factory gate inflation eased, though was the 2nd highest in over 13-years.
The Japanese Yen moved from ¥ 113.181 to ¥113.254 upon release of the PMI figures. At the time of writing, the Japanese Yen was down by 0.29% to ¥113.500 against the U.S Dollar.
For the Aussie Dollar
Manufacturing sector and 3rd quarter GDP numbers were in focus this morning.
In November, the AIG Manufacturing Index increased from 50.4 to 54.8.
According to the November Survey,
This was the first month of improvement following 3 months of flat results.
All sectors expanded except for chemicals, which was stable.
Food & beverages bounced back into growth, with the PMI up 19.9 points to 57.3.
All 7 activity indices expanded or were stable in November. Deliveries rose by 12.2 points to 53.4, with stocks up 7.0 points to 58.6. Strong demand supported an 8.5 point rise to 54.6 for exports.
The input price index slipped by 3.5 points to 78.3, while the selling index hit a series high 68.1, up by 4.2 points in the month to 68.1.
The Aussie Dollar moved from $0.71242 to $0.71299 upon release of the figures that preceded 3rd quarter GDP numbers.
In the 3rd quarter, the economy contracted by 1.9% quarter-on-quarter versus a forecasted 2.7% contraction. Year-on-year, the economy grew by 3.9% versus a forecasted 3.0%. The economy had expanded by 9.6% in the 2nd quarter year-on-year, and by 0.7% quarter-on-quarter.
According to the ABS,
Domestic demand drove the demand with prolonged lockdowns leading to a marked decline in household spending.
Private demand detracted 2.4 percentage points from GDP, with a 4.8% fall in household final consumption expenditure.
Spending on services slid by 5.8%, with falls in hotels, cafes, and restaurants, recreation and culture and transport services.
The decline was partly offset, however, by growth in net trade and public sector expenditure.
Public demand contributed 0.7 percentage points to GDP growth.
Household savings to income rose from 11.8% to 19.8%, the rise driven by increased household income coupled with reduced spending.
The Aussie Dollar moved from $0.71243 to $0.71321 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.13% to $0.7136.
For the Kiwi Dollar
Building consents fell by 2.0% in October, following on from a 2.0% decline in September.
According to NZ Stats,
In the month of October, 4,043 new dwellings were consented.
In the year-ended October 2021, the actual number of new dwellings consented was 47,715, up 26% from the October 2020 year.
The Kiwi Dollar moved from $0.68245 to $0.68217 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.13% to $0.6831.
From China
In November, the Caixin Manufacturing PMI fell from 50.6 to 49.9 versus a forecasted decline to 50.5.
According to the November survey,
Three of the 5 PMI components weighed in November, these being
New orders fell marginally after 2-months of expansion. High output prices and the pandemic were cited as reasons for the decline.
Employment levels fell for a 4th consecutive month, though the rate of job shedding remained marginal.
Suppliers’ delivery times also weighed.
By contrast, output and stocks of purchases had positive influences.
After rising rapidly in October, input costs rose only modestly in November, with the rate of inflation the slowest since Oct-2020.
As a result, the rate of output charge inflation also slowed considerably in the month.
The Aussie Dollar moved from $0.71392 to $0.71347 upon release of the figures.
The Day Ahead
For the EUR
It’s a busy day ahead on the economic calendar. German retail sales figures will be in focus going into the European open. Later in the morning, manufacturing sector PMIs for member states and the Eurozone will also provide direction. Barring marked revisions to prelim figures for France and Germany, expect Italy and the Eurozone’s PMIs to be key.
On the monetary policy front, central bank chatter will also need monitoring.
At the time of writing, the EUR was down by 0.15% to $1.1321.
For the Pound
It’s a relatively quiet day ahead on the economic calendar. Finalized manufacturing PMI numbers for November will be in focus.
Barring a marked revision from prelim numbers, however, the PMI should have a muted impact on the Pound.
At the time of writing, the Pound was down by 0.02% to $1.3296.
Across the Pond
It’s another relatively busy day ahead. ADP nonfarm employment and ISM Manufacturing PMI numbers will be in focus. Expect both sets of numbers to draw plenty of interest.
On the monetary policy front, FED Chair Powell will also be delivering day 2 of testimony on Capitol Hill. The markets will be looking for any shift in views on inflation following Tuesday’s talk of retiring the word “transitory”.
At the time of writing, the Dollar Spot Index was down by 0.01% to 95.985.
For the Loonie
It’s a quiet day ahead, with with building permit figures for October unlikely to move the dial.
Crude oil inventories and COVID-19 news updates will likely influence, however.
At the time of writing, the Loonie was up by 0.16% to C$1.2758 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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708924.0 | 2021-11-27 00:00:00 UTC | The Week Ahead – Central Bank Chatter, Economic Data, and COVID-19 in Focus | DBO | https://www.nasdaq.com/articles/the-week-ahead-central-bank-chatter-economic-data-and-covid-19-in-focus | nan | nan | FXEmpire.com -
On the Macro
It’s a particularly busy week ahead on the economic calendar, with 78 stats in focus in the week ending 3rd December. In the week prior, 49 stats had been in focus.
For the Dollar:
Early in the week, consumer confidence will be in focus ahead of ADP nonfarm and manufacturing data on Wednesday.
Expect the consumer confidence and ADP numbers to draw the greatest interest.
On Thursday, weekly jobless claims will also influence ahead of a busy end to the week.
Nonfarm payrolls and ISM non-manufacturing PMI figures wrap things up on Friday.
On the monetary policy front, FED Chair Powell and FOMC member chatter will also be in focus. The FED Chair is scheduled to deliver testimony in the 1st half of the week, which will be key with the latest new COVID-19 strain.
In the week, the U.S Dollar Index rose by 0.06% to 96.089.
For the EUR:
French consumer spending and German unemployment figures get things going on Tuesday.
While consumption is key, expect Germany’s unemployment data to have a greater impact.
On Wednesday, German retail sales and manufacturing sector PMIs will be in focus.
At the end of the week, service sector PMIs and Euro area retail sales will also influence.
While the stats will draw plenty of interest, prelim November inflation figures for the Eurozone and member states will likely be key.
Away from theeconomic calendar any new COVID-19 lockdown measures would likely overshadow any upbeat numbers.
For the week, the EUR rose by 0.24% to $1.1317.
For the Pound:
It’s a relatively quiet week ahead on the economic calendar.
Finalized private sector PMIs for November will be in focus. Expect any revisions to the services PMI to have the greatest impact on the Pound.
On the monetary policy front, central bank chatter will also provide direction. BoE Gov. Bailey is scheduled to speak on Wednesday.
The Pound ended the week down by 0.85% to $1.3337.
For the Loonie:
It’s relatively quiet week ahead on the economic calendar.
GDP figures will provide direction on Tuesday ahead of employment figures on Friday.
Away from theeconomic calendar however, expect crude oil inventories and prices to influence. OPEC’s meeting in the week and sentiment towards consumption amidst the latest COVID-19 lockdown measures will drive crude oil prices.
The Loonie ended the week down 1.19% to C$1.2791 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
It’s a busy week ahead. Early in the week, company gross operating profits and private sector credit data will be in focus.
For the week, however, the key stats will be GDP numbers on Wednesday ahead of trade data on Thursday.
The Aussie Dollar ended the week down by 1.55 to $0.7123.
For the Kiwi Dollar:
It’s a quiet week ahead.
Economic data is limited to business confidence figures due out on Tuesday. With lockdown measures eased, the markets will be looking for a recovery following the decline in October.
The latest COVID-19 news from Europe, however, could weigh on sentiment and more heavily on the Kiwi.
The Kiwi Dollar ended the week down by 2.60% to $0.6822.
For the Japanese Yen:
Retail sales and prelim industrial production figures will be in focus early in the week.
In the 2nd half of the week, finalized private sector PMIs for November will also draw interest.
Ultimately, however, COVID-19 news updates will continue to be the key driver for the Japanese Yen.
The Japanese Yen rose by 0.54% to ¥113.380 against the U.S Dollar.
Out of China
It’s a busy week ahead on theeconomic calendar
On Tuesday, NBS manufacturing PMI numbers will be in focus ahead of the all-important Caixin Manufacturing PMI on Wednesday.
While the headline figure will draw plenty of interest, new orders, delivery times, and input and output price trends will likely be the main areas of focus.
On Friday, the Services PMI will also draw interest, however.
The Chinese Yuan ended the week down by 0.10% to CNY6.3933 against the U.S Dollar.
Geo-Politics
Nothing new to consider in the week ahead, with China and Capitol Hill continuing to be the key areas of focus.
COVID-19
News of rising new COVID-19 cases and the talk of lockdown measures will influence. Key, however, will be news updates on the new COVID-19 strain and any government chatter on border controls.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | OPEC’s meeting in the week and sentiment towards consumption amidst the latest COVID-19 lockdown measures will drive crude oil prices. While the headline figure will draw plenty of interest, new orders, delivery times, and input and output price trends will likely be the main areas of focus. This article was originally posted on FX Empire More From FXEMPIRE: Crypto Market Today: Bitcoin and Ether Plunge, ADA Approaches Key Support EUR/USD Mid-Session Technical Analysis for December 6, 2021 AUD/USD Price Forecast – Australian Dollar Bounces From Major Support Level The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - On the Macro It’s a particularly busy week ahead on the economic calendar, with 78 stats in focus in the week ending 3rd December. For the Dollar: Early in the week, consumer confidence will be in focus ahead of ADP nonfarm and manufacturing data on Wednesday. Out of China It’s a busy week ahead on theeconomic calendar On Tuesday, NBS manufacturing PMI numbers will be in focus ahead of the all-important Caixin Manufacturing PMI on Wednesday. | FXEmpire.com - On the Macro It’s a particularly busy week ahead on the economic calendar, with 78 stats in focus in the week ending 3rd December. On Thursday, weekly jobless claims will also influence ahead of a busy end to the week. Out of China It’s a busy week ahead on theeconomic calendar On Tuesday, NBS manufacturing PMI numbers will be in focus ahead of the all-important Caixin Manufacturing PMI on Wednesday. | For the Dollar: Early in the week, consumer confidence will be in focus ahead of ADP nonfarm and manufacturing data on Wednesday. While the stats will draw plenty of interest, prelim November inflation figures for the Eurozone and member states will likely be key. Out of China It’s a busy week ahead on theeconomic calendar On Tuesday, NBS manufacturing PMI numbers will be in focus ahead of the all-important Caixin Manufacturing PMI on Wednesday. | 1ff7170d-4390-4f21-a127-961d5fb85c93 |
708925.0 | 2021-11-26 00:00:00 UTC | The Weekly Wrap: New COVID-19 Stain Unravels the Market’s Pandemic Recovery | DBO | https://www.nasdaq.com/articles/the-weekly-wrap%3A-new-covid-19-stain-unravels-the-markets-pandemic-recovery | nan | nan | FXEmpire.com -
The Stats
It was a busier week on the economic calendar, in the week ending 26th November.
A total of 50 stats were monitored, which was down from 60 stats in the week prior.
Of the 50 stats, 29 came in ahead forecasts, with 17 economic indicators coming up short of forecasts. There were 4 stats that were in line with forecasts in the week.
Looking at the numbers, 27 of the stats reflected an upward trend from previous figures. Of the remaining 23 stats, all 23 reflected a deterioration from previous.
For the Greenback, it was a 5th consecutive week in the green. Market reaction to FED Chair Powell’s reappointment and rising new COVID-19 cases in Europe had delivered Dollar demand. A 0.73% slide on Friday reversed the gains, however, as the markets responded to the news of the new COVID-19 strain and containment measures. In the week ending 26th November, the Dollar Spot Index rose by 0.04% to 96.071. In the previous week, the Dollar had risen by 0.95% to 96.031.
Out of the U.S
Early in the week, prelim private sector PMIs were in focus, with the numbers skewed to the negative.
While the manufacturing PMI rose from 58.4 to 59.1, the all-important services PMI declined from 58.7 to 57.0. As a result, the Composite PMI fell from 58.7 to 57.0.
Ahead of the Thanksgiving holidays, a particularly busy set of numbers also drew plenty of interest.
Personal spending rose by 1.3%, with jobless claims falling from 270k to 199k in the week ending 19th November.
Core durable goods orders were also positive, rising by 0.5% in October, with inflationary pressures picking up once more.
The FED’s preferred core PCE price index rose by 4.1%, year-on-year in October. In September, the index had risen by 3.7%.
GDP numbers for the 3rd quarter fell short of estimates, however. In the 3rd quarter, the economy expanded by 2.1%, falling short of a forecasted 2.2%. The economy had expanded by 6.7% in the previous quarter.
Out of the UK
It was a relatively busy week, with prelim private sector PMIs and industrial trend orders in focus.
The stats were skewed to the positive, with the all-important services PMI rising from 54.6 to 58.6. Manufacturing sector activity also picked up, with the PMI up from 54.1 to 57.7.
Also positive was a marked increase in the CBI Industrial Trend Orders, which increased from 9 to 26 in November.
COVID-19 woes weighed, however, muting the impact of the positive numbers
In the week, the Pound declined by 0.85% to end the week at $1.3337. In the week prior, the Pound had risen by 0.28% to $1.3451.
The FTSE100 ended the week down by 2.49%, following a 1.69% loss from the previous week.
Out of the Eurozone
Early in the week, consumer confidence and prelim November private sector PMIs were in focus.
Rising new COVID-19 cases weighed on consumer sentiment, with the Eurozone consumer confidence index falling from -4.8 to -6.8.
Private sector PMIs for November were positive, however.
A pickup in service sector activity across France and German led to a rise in the Eurozone’s services PMI from 54.6 to 56.6. French manufacturing sector activity also picked up, while Germany’s held steady, supporting an increase in the Eurozone Composite PMI from 54.2 to 55.8.
The rest of the numbers were skewed to the negative, however, with the German economy in the spotlight.
German business sentiment waned in November, with the Ifo Business Climate Index falling from 97.7 to 96.5.
It wasn’t much better for consumers. Consumer sentiment took a hit, with the GfK Consumer Climate Indicator for December falling from 1.0 to -1.6.
German GDP numbers also disappointed.
In the 3rd quarter, the German economy expanded by 1.7% quarter-on-quarter, according to 2nd estimate figures. This was down from a prelim 1.8% and a 2nd quarter 2.0%.
For the week, the EUR rose by 0.24% to $1.1317. In the week prior, the EUR had slumped by 1.35% to $1.1290.
The DAX30 slid by 5.59%, with the CAC40 and the EuroStoxx600 ending the week with losses of 5.24% and 4.53% respectively.
For the Loonie
There were no major stats to consider, leaving the Loonie in the hands of market risk sentiment and crude oil prices.
In the week ending 26th November, the Loonie declined by 1.19% to C$1.2791. In the week prior, the Loonie had fallen by 0.72% to C$1.2640.
Elsewhere
It was yet another bearish week for the Aussie Dollar and the Kiwi Dollar.
The Aussie Dollar fell by 1.55% to $0.7123, with the Kiwi Dollar sliding by 2.60% to end the week at $0.6822.
For the Aussie Dollar
Private new CAPEX and retail sales were in focus.
In the 3rd quarter, private new CAPEX fell by 2.2% after having risen by 4.4% in the previous quarter. While negative for the quarter, forecasts for 2021/22 were raised, limiting the damage.
Retail sales were also upbeat, supported by the reopening. In October, retail sales jumped by 4.9% after having risen by 1.3% in September.
Market reaction to COVID-19 news late in the week sank the Aussie, however.
For the Kiwi Dollar
Retail sales and trade data were in focus on the economic data front.
In the 3rd quarter, retail sales slid by 8.1% quarter-on-quarter, reversing a 3.3% increase from the previous quarter. The impact on the Kiwi was muted, however, with the slide stemming from the latest lockdown.
Trade data for October was upbeat, however. New Zealand’s trade deficit narrowed from NZ$2,206m to NZ$1,286m.
The numbers were not enough to prevent a reversal, however, with RBNZ monetary policy doing the damage.
On Wednesday, the RBNZ lifted cash rates by 25pbs to 0.75%. Market participants were expecting a bigger move, which ultimately led to the slide in the Kiwi Dollar.
The slide in the Kiwi came in spite of the RBNZ statement highlighting the need for a continued tightening of policy.
Ultimately, however, it was news of the new COVID-19 strain that did the damage.
For the Japanese Yen
Private sector PMIs and inflation were on focus, with the stats skewed to the positive.
In November, Japan’s manufacturing PMI rose from 53.2 to 54.2, with the services PMI up from 50.7 to 52.1.
There was also a pickup in inflationary pressure. In November, Tokyo’s core annual rate of inflation accelerated from 0.1% to 0.3%.
The stats had a muted impact on the Yen, however, with the new COVID-19 strain and government measures in Europe and beyond to prevent the spread driving demand for the safe haven.
The Japanese Yen rose by 0.54% to ¥113.38 against the U.S Dollar. In the week prior, the Yen had fallen by 0.09% to ¥113.990.
Out of China
There were no material stats to provide the markets with direction.
On the monetary policy front, the PBoC left loan prime rates unchanged, which was in line with market expectations.
In the week ending 26th November, the Chinese Yuan fell by 0.10% to CNY6.3933. In the week prior, the Yuan had ended the week down by 0.12% to CNY6.3871.
The CSI300 slipped by 0.61%, with the Hang Seng sliding by 3.87%.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | French manufacturing sector activity also picked up, while Germany’s held steady, supporting an increase in the Eurozone Composite PMI from 54.2 to 55.8. The stats had a muted impact on the Yen, however, with the new COVID-19 strain and government measures in Europe and beyond to prevent the spread driving demand for the safe haven. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis – Reaction to 4549.25 Pivot Sets Early Tone European Equities German Factory Orders and COVID-19 News in Focus ASX200: A Quiet Economic Calendar Leaves COVID-19 and U.S Futures to Influence The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Out of the UK It was a relatively busy week, with prelim private sector PMIs and industrial trend orders in focus. Out of the Eurozone Early in the week, consumer confidence and prelim November private sector PMIs were in focus. Rising new COVID-19 cases weighed on consumer sentiment, with the Eurozone consumer confidence index falling from -4.8 to -6.8. | FXEmpire.com - The Stats It was a busier week on the economic calendar, in the week ending 26th November. COVID-19 woes weighed, however, muting the impact of the positive numbers In the week, the Pound declined by 0.85% to end the week at $1.3337. The Aussie Dollar fell by 1.55% to $0.7123, with the Kiwi Dollar sliding by 2.60% to end the week at $0.6822. | FXEmpire.com - The Stats It was a busier week on the economic calendar, in the week ending 26th November. A total of 50 stats were monitored, which was down from 60 stats in the week prior. The Aussie Dollar fell by 1.55% to $0.7123, with the Kiwi Dollar sliding by 2.60% to end the week at $0.6822. | becbd207-d38d-4454-a9f3-96b795da72c2 |
708926.0 | 2021-11-25 00:00:00 UTC | Economic Data and Central Bank Chatter Leaves the EUR in Focus | DBO | https://www.nasdaq.com/articles/economic-data-and-central-bank-chatter-leaves-the-eur-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively busy start to the day on the economic calendar this morning. The Japanese Yen and the Aussie Dollar were in action this morning.
For the Japanese Yen
Inflation figures were in focus this morning.
According to the Ministry of Internal Affairs and Communication,
Ku-area of Tokyo’s core annual rate of inflation picked up from 0.1% to 0.3% in November.
Prices for fuel, light, and water charges were up 9.0%, with prices for culture & recreation up 5.1%.
There were also increases in prices for education (1.4%) and housing (0.5%).
Prices for transportation & communication were down by 10.1%, however.
There were also falls in prices for clothes & footwear (-0.6%), medical care (-0.5%), and furniture & household utensils (-0.2%).
The Japanese Yen moved from ¥115.229 to ¥115.127 upon release of the figures. At the time of writing, the Japanese Yen was up by 0.40% to ¥114.870 against the U.S Dollar.
For the Aussie Dollar
In October, retail sales jumped by 4.9% versus a forecasted 2.5% rise, according to prelim figures. Retail sales had risen by 1.3% in September.
According to the ABS,
Food retailing fell by 0.5%, while household goods retailing increased by 4.5% in the month.
There were also increases in retailing for:
Clothing, footwear, & personal accessories (+27.7%).
Department stores (+22.4%).
Other retailing (+2.2%).
Cafes, restaurants, & takeaway food services (+12.3%).
The Aussie Dollar moved from $0.71686 to $0.71723 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.22% to $0.7174.
Elsewhere
The Kiwi Dollar was down by 0.22% to $0.6845.
The Day Ahead
For the EUR
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction.
With no material stats, French consumer confidence and Italian business confidence figures will draw interest.
On the monetary policy front, ECB President Lagarde will also be in focus later in the day. Expect any policy chatter to influence.
At the time of writing, the EUR was up by 0.13% to $1.1224.
For the Pound
It’s also a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of central bank chatter and COVID-19 news.
At the time of writing, the Pound was down by 0.10% to $1.3309.
Across the Pond
The U.S markets are on a shortened session. There are no major stats to provide the Greenback or the broader markets with direction.
For the Loonie
It’s also a particularly quiet day ahead, with no major stats to consider.
The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices.
At the time of writing, the Loonie was down by 0.14% to C$1.2666 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to the Ministry of Internal Affairs and Communication, Ku-area of Tokyo’s core annual rate of inflation picked up from 0.1% to 0.3% in November. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Volatile Week Ends Somewhat Unchanged USD/CAD: Loonie Pares Losses After Hitting 10-Week Low on Strong Domestic Jobs Data London’s Role as a Financial Hub is Secure if UK Adopts Cryptocurrencies The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Japanese Yen Inflation figures were in focus this morning. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Volatile Week Ends Somewhat Unchanged USD/CAD: Loonie Pares Losses After Hitting 10-Week Low on Strong Domestic Jobs Data London’s Role as a Financial Hub is Secure if UK Adopts Cryptocurrencies The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | At the time of writing, the Japanese Yen was up by 0.40% to ¥114.870 against the U.S Dollar. The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Volatile Week Ends Somewhat Unchanged USD/CAD: Loonie Pares Losses After Hitting 10-Week Low on Strong Domestic Jobs Data London’s Role as a Financial Hub is Secure if UK Adopts Cryptocurrencies The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to the ABS, Food retailing fell by 0.5%, while household goods retailing increased by 4.5% in the month. There were also increases in retailing for: Clothing, footwear, & personal accessories (+27.7%). The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices. | 882d3d5c-9cad-4dc2-aa1c-dd18e76c6b19 |
708927.0 | 2021-11-23 00:00:00 UTC | Pre-Thanksgiving Economic Data Puts the Greenback and the U.S Economy in the Spotlight | DBO | https://www.nasdaq.com/articles/pre-thanksgiving-economic-data-puts-the-greenback-and-the-u.s-economy-in-the-spotlight | nan | nan | FXEmpire.com -
Earlier in the Day:
It was busier start to the day on the economic calendar this morning. The Aussie Dollar and the Japanese Yen were in focus in the early hours, with the RBNZ also in action.
For the Aussie Dollar
In the 3rd quarter, construction work down slipped by 0.3% quarter-on-quarter, following a 0.8% increase in the quarter prior. Economists had forecast a 3.1% slide.
The Aussie Dollar moved from $0.72213 to $0.72237 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.11% to $0.7220.
For the Japanese Yen
Prelim private sector PMIs were in focus this morning.
In November, the services PMI rose from 50.7 to 52.1, while the manufacturing PMI increased from 53.2 to 54.2.
According to the prelim survey,
Output growth was the most marked since Oct-2018, with both sectors contributing.
New export orders returned to growth, with new orders seeing stronger growth in the month.
Backlogs of work returned to growth across the private sector, while the pace of hiring slowed.
Price pressures intensified, however, with input prices rising at the fastest pace in over 13-years.
In spite of stronger input price inflation, output price inflation softened in November.
Firms were optimistic, however, supported by rising vaccination rates and the easing of restrictions.
The Japanese Yen moved from ¥115.163 to ¥115.121 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.03% to ¥115.180 against the U.S Dollar.
For the Kiwi Dollar
The RBNZ increased the cash rate by 25 bps to 0.75%, which was in line with expectations, placing the focus on the RBNZ statement and press conference.
Salient points from the rate statement included:
The Committee agreed that it remains appropriate to continue reducing monetary policy so as to maintain price stability and support maximum sustainable employment.
Accommodative monetary and fiscal policy continue to support a rise in global economic activity.
Elevated uncertainty created by the persistent COVID-19 virus has checked the pace of the recovery, however.
Global supply-chain disruptions are causing both cost pressures and constraints on production.
Central banks globally face the challenge of distinguishing transitory price increases and underlying sustained inflation pressures to assess the need for, and timing of, reductions in the level of monetary policy stimulus.
The RBNZ expects household spending and business investment to be dampened near-term as a result of a likely rise in COVID-19 cases stemming from the easing of restrictions.
Despite restrictions in certain parts of NZ, underlying economic strength remains supported by aggregate household and business balance sheet strength. These are supported by fiscal support and strong export returns.
Capacity pressures have continued to tighten.
A broad range of economic indicators highlight that the NZ economy continues to perform above its current potential.
Headline inflation is expected to measure above 5% near-term before returning towards the 2% mid-point over the next 2-years.
The Committee noted that further removal of monetary policy stimulus is expected over time given the medium-term outlook for inflation and employment.
The Kiwi Dollar moved from $0.69389 to $0.69305 upon the decision and in response to the statement. At the time of writing, the Kiwi Dollar was down by 0.30% to $0.6928, with the RBNZ press conference up next.
The Day Ahead
For the EUR
It’s a relatively busy day ahead on theeconomic calendar Germany’s Ifo Business Climate Index and sub-components will be in focus later this morning.
The markets will be looking for any concerns over the recent pickup in new COVID-19 cases. Weaker sentiment would test EUR support.
At the time of writing, the EUR was down by 0.05% to $1.1242.
For the Pound
It’s a relatively quiet day ahead on the economic calendar. Economic data is limited to CBI industrial trend orders.
With little else to consider, expect the numbers to influence.
On the monetary policy front, MPC member Tenreyro will also draw interest later in the day.
At the time of writing, the Pound was down by 0.02% to $1.3375.
Across the Pond
It’s a particularly busy day ahead on theeconomic calendar with the U.S markets closed for Thanksgiving on Thursday.
Key stats include 3rd quarter GDP, personal spending, inflation, jobless claims, and core durable goods orders.
Other stats include trade data, finalized consumer sentiment, and housing sector data that should have a muted impact on the Dollar.
On the monetary policy front, the FOMC meeting minutes will also garner plenty of attention late in the day. Expect the focus to be on FOMC member sentiment towards inflation and the economic outlook
At the time of writing, the U.S Dollar Spot Index was up by 0.04% to 96.531.
For the Loonie
It’s a particularly quiet day ahead, with no major stats to consider.
The lack of stats will leave the Loonie in the hands of economic data from the U.S and crude oil inventories.
At the time of writing, the Loonie was down by 0.06% to C$1.2678 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Salient points from the rate statement included: The Committee agreed that it remains appropriate to continue reducing monetary policy so as to maintain price stability and support maximum sustainable employment. Central banks globally face the challenge of distinguishing transitory price increases and underlying sustained inflation pressures to assess the need for, and timing of, reductions in the level of monetary policy stimulus. The RBNZ expects household spending and business investment to be dampened near-term as a result of a likely rise in COVID-19 cases stemming from the easing of restrictions. | In spite of stronger input price inflation, output price inflation softened in November. Despite restrictions in certain parts of NZ, underlying economic strength remains supported by aggregate household and business balance sheet strength. Expect the focus to be on FOMC member sentiment towards inflation and the economic outlook At the time of writing, the U.S Dollar Spot Index was up by 0.04% to 96.531. | Central banks globally face the challenge of distinguishing transitory price increases and underlying sustained inflation pressures to assess the need for, and timing of, reductions in the level of monetary policy stimulus. The Day Ahead For the EUR It’s a relatively busy day ahead on theeconomic calendar Germany’s Ifo Business Climate Index and sub-components will be in focus later this morning. Expect the focus to be on FOMC member sentiment towards inflation and the economic outlook At the time of writing, the U.S Dollar Spot Index was up by 0.04% to 96.531. | Accommodative monetary and fiscal policy continue to support a rise in global economic activity. Headline inflation is expected to measure above 5% near-term before returning towards the 2% mid-point over the next 2-years. Expect the focus to be on FOMC member sentiment towards inflation and the economic outlook At the time of writing, the U.S Dollar Spot Index was up by 0.04% to 96.531. | edad4c13-2cc7-48d7-8ee8-9b7fcf9111d0 |
708928.0 | 2021-11-22 00:00:00 UTC | Prelim Private Sector PMIs Put the EUR, the Pound, and the Greenback in Focus | DBO | https://www.nasdaq.com/articles/prelim-private-sector-pmis-put-the-eur-the-pound-and-the-greenback-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It’s a relatively quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action in the early hours.
For the Kiwi Dollar
Retail sales fell by 8.1% in the 3rd quarter, quarter-on-quarter, following a 3.3% increase in the previous quarter.
According to NZ Stats,
12 of the 15 industries had lower sales volumes in the quarter compared with the June 2021 quarter.
Food and beverage sales fell by 19%, with motor vehicle and parts retailing down 12%.
Department store sales tumbled by 24%, with hardware, building, and garden supplies down 15%.
Supermarket and grocery stores had the largest rise, however, up 7.5%.
The Kiwi Dollar moved from $0.69559 to $0.69513 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.07% to $0.6953.
Elsewhere
At the time of writing, the Japanese Yen was up by 0.03% to ¥114.850 against the U.S Dollar, while the Aussie Dollar was flat at $0.7225.
The Day Ahead
For the EUR
It’s a busy day ahead on the economic calendar. November private sector PMIs for France, Germany, and the Eurozone will be in focus.
While the stats will draw plenty of interest, however, any more negative COVID-19 news updates would likely overshadow positive data.
At the time of writing, the EUR was up by 0.02% to $1.1239.
For the Pound
It’s a relatively busy day ahead on the economic calendar. Prelim November private sector PMIs will be in focus later this morning.
Expect the services PMI to be the key driver. With inflationary pressures on the rise, a marked pickup in service sector activity would support a more hawkish BoE.
At the time of writing, the Pound was down by 0.02% to $1.3394.
Across the Pond
It’s also a relatively busy day ahead on the economic calendar. Prelim November private sector PMIs will be in focus later in the day.
We can also expect the services PMI to have the greatest impact on the Dollar and market risk sentiment,
On Monday, the U.S Dollar Spot Index rose by 0.49% to end the day at 96,497.
For the Loonie
It’s a particularly quiet day ahead, with no major stats to consider.
The lack of stats will leave the Loonie in the hands of private sector PMIs and impact on crude oil prices.
At the time of writing, the Loonie was down by 0.03% to C$1.2704 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The lack of stats will leave the Loonie in the hands of private sector PMIs and impact on crude oil prices. This article was originally posted on FX Empire More From FXEMPIRE: ETH Breaks Higher as Broader Market Stalls, ATHs in Sight? Economic Data Delivers Mixed Results for the EUR Ahead of U.S Stats and FED Chair Powell Testimony Meme Coin Floki Inu to Be Promoted on Burj Khalifa Tomorrow The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Kiwi Dollar Retail sales fell by 8.1% in the 3rd quarter, quarter-on-quarter, following a 3.3% increase in the previous quarter. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. Prelim November private sector PMIs will be in focus later this morning. | Elsewhere At the time of writing, the Japanese Yen was up by 0.03% to ¥114.850 against the U.S Dollar, while the Aussie Dollar was flat at $0.7225. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. We can also expect the services PMI to have the greatest impact on the Dollar and market risk sentiment, On Monday, the U.S Dollar Spot Index rose by 0.49% to end the day at 96,497. | For the Kiwi Dollar Retail sales fell by 8.1% in the 3rd quarter, quarter-on-quarter, following a 3.3% increase in the previous quarter. At the time of writing, the Kiwi Dollar was down by 0.07% to $0.6953. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. | 8aade3a3-260b-4415-8fce-e6ee7cf5ddd7 |
708929.0 | 2021-11-21 00:00:00 UTC | A Quiet Economic Calendar Leaves Consumer Confidence and the EUR in Focus | DBO | https://www.nasdaq.com/articles/a-quiet-economic-calendar-leaves-consumer-confidence-and-the-eur-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It’s a particularly quiet start to the day on the economic calendar this morning. There are no major stats for the markets to consider in the Asian session. On the monetary policy front, the PBoC is in action, though there’s unlikely to be a move on loan prime rates.
For the Majors
At the time of writing, the Japanese Yen was up by 0.06% to ¥113.920 against the U.S Dollar, with the Aussie Dollar up by 0.03% to $0.7237. The Kiwi Dollar was up by 0.04% to $0.7007.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic calendar. Flash consumer confidence for the Eurozone will be in focus later today.
With little else for the markets to consider in the early part of the day, COVID-19 news updates will be key ahead of the numbers.
At the time of writing, the EUR was down by 0.01% to $1.1289.
For the Pound
It’s a quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of market risk sentiment and any central bank chatter.
At the time of writing, the Pound was up by 0.01% to $1.3452.
Across the Pond
It’s also a quiet day ahead on the economic calendar. Existing home sales for October are due out, which are unlikely to have an impact on the Greenback.
On Friday, the U.S Dollar Spot Index rose by 0.52% to end the day at 96.031.
For the Loonie
It’s also a particularly quiet day ahead, with no major stats to consider.
The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day.
At the time of writing, the Loonie was down by 0.02% to C$1.2643 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The lack of stats will leave the Pound in the hands of market risk sentiment and any central bank chatter. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day. This article was originally posted on FX Empire More From FXEMPIRE: E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Weak Under 34553, Strong Over 34641 Bitcoin Analysis, The Next Target Is $77K Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 30th, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic calendar. The lack of stats will leave the Pound in the hands of market risk sentiment and any central bank chatter. Across the Pond It’s also a quiet day ahead on the economic calendar. | FXEmpire.com - Earlier in the Day: It’s a particularly quiet start to the day on the economic calendar this morning. The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic calendar. For the Pound It’s a quiet day ahead on the economic calendar. | For the Majors At the time of writing, the Japanese Yen was up by 0.06% to ¥113.920 against the U.S Dollar, with the Aussie Dollar up by 0.03% to $0.7237. For the Pound It’s a quiet day ahead on the economic calendar. For the Loonie It’s also a particularly quiet day ahead, with no major stats to consider. | 7f6f012f-c087-4a3a-a121-02ee1ff3f3e9 |
708930.0 | 2021-11-18 00:00:00 UTC | Retail Sales Puts the Pound and the Loonie in the Spotlight | DBO | https://www.nasdaq.com/articles/retail-sales-puts-the-pound-and-the-loonie-in-the-spotlight | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. Inflation figures for Japan were in focus in the early part of the Asian session.
For the Japanese Yen
Japan’s annual rate of core inflation held steady at 0.1% in October, which was in line with forecasts.
The Japanese Yen moved from ¥114.272 to ¥114.294 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.01 ¥114.260 against the U.S Dollar.
Elsewhere
The Aussie Dollar was up by 0.03% to $0.7279, with the Kiwi Dollar down by 0.03% to $0.7042.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on theeconomic calendar German wholesale inflation figures for October will be in focus.
While ECB President Lagarde has looked to assure the markets of status quo, another spike would test the transitory theory.
On the monetary policy front, ECB President Lagarde is also scheduled to speak later in the day.
At the time of writing, the EUR was up by 0.01% to $1.1372.
For the Pound
It’s a busy day ahead on the economic calendar.
Retail sales figures for October will be in focus later this morning.
Following the inflation figures from Wednesday, expect plenty of impact on the Pound.
At the time of writing, the Pound was up by 0.04% to $1.3499.
Across the Pond
It’s a quiet day ahead on theeconomic calendar
Economic data is limited to housing sector data that should have a muted impact on the Dollar.
Expect FOMC member chatter to influence, however.
FOMC members Waller and Clarida are scheduled to speak on the day.
On Thursday, the U.S Dollar Spot Index fell by 0.30% to end the day at 95.544.
For the Loonie
It’s a busier day ahead, with housing sector data and retail sales in focus.
Expect the retail sales figures to be key.
Away from theeconomic calendar expect crude oil prices to also provide direction, however.
At the time of writing, the Loonie was up by 0.01% to C$1.2601 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Japanese Yen Japan’s annual rate of core inflation held steady at 0.1% in October, which was in line with forecasts. While ECB President Lagarde has looked to assure the markets of status quo, another spike would test the transitory theory. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast – Crude Oil Markets Get Hit in Low Liquidity BTC and ETH Dip as Covid Variant Fears Affect Financial Markets Rise of DAOs: Is It Just a Hype or a Profitable Industry in the Making? | Across the Pond It’s a quiet day ahead on theeconomic calendar Economic data is limited to housing sector data that should have a muted impact on the Dollar. Away from theeconomic calendar expect crude oil prices to also provide direction, however. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast – Crude Oil Markets Get Hit in Low Liquidity BTC and ETH Dip as Covid Variant Fears Affect Financial Markets Rise of DAOs: Is It Just a Hype or a Profitable Industry in the Making? | FXEmpire.com - Earlier in the Day: It was a relatively quiet start to the day on the economic calendar this morning. The Day Ahead For the EUR It’s a relatively quiet day ahead on theeconomic calendar German wholesale inflation figures for October will be in focus. Across the Pond It’s a quiet day ahead on theeconomic calendar Economic data is limited to housing sector data that should have a muted impact on the Dollar. | At the time of writing, the Japanese Yen was down by 0.01 ¥114.260 against the U.S Dollar. The Day Ahead For the EUR It’s a relatively quiet day ahead on theeconomic calendar German wholesale inflation figures for October will be in focus. Across the Pond It’s a quiet day ahead on theeconomic calendar Economic data is limited to housing sector data that should have a muted impact on the Dollar. | 0a2da411-5512-4325-81ab-cf57899ef34f |
708931.0 | 2021-11-17 00:00:00 UTC | Economic Data Puts the Greenback in Focus amidst Central Bank Chatter | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-greenback-in-focus-amidst-central-bank-chatter | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a particularly quiet start to the day on the economic calendar this morning. There were no material stats for the markets to consider through the Asian session.
For the Majors
At the time of writing, the Japanese Yen was down by 0.04 ¥114.130 against the U.S Dollar, with the Aussie Dollar down by 0.01% to $0.7266. The Kiwi Dollar was up by 0.04% to $0.7001.
The Day Ahead
For the EUR
It’s a particularly quiet day ahead on the economic calendar. There are no material stats from the Eurozone to provide the EUR with direction.
While there are no stats, however, central bank chatter will draw interest.
ECB members Panetta, Fernandez-Bello, and Lane are scheduled to speak ahead of ECB President Lagarde later in the day.
At the time of writing, the EUR was up by 0.02% to $1.1321.
For the Pound
It’s also a particularly quiet day ahead on the economic calendar.
There are no material stats due out of the UK to provide the Pound with direction.
At the time of writing, the Pound was up by 0.03% to $1.3491.
Across the Pond
It’s a busier day ahead on the economic calendar.
Philly FED Manufacturing PMI and weekly jobless claims figures are due out later today.
While both sets of numbers will influence, an unexpected jump in claims would catch the markets by surprise.
From the FED, FOMC members Bostic, Williams, Evans, and Daly are also due to deliver speeches on the dya.
On Wednesday, the U.S Dollar Spot Index fell by 0.13% to end the day at 95.790.
For the Loonie
It’s a quieter day ahead, with foreign securities purchases for September in focus.
We don’t expect the numbers to influence, however, with crude oil prices and market risk sentiment key on the day.
At the time of writing, the Loonie was down by 0.02% to C$1.2613 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | From the FED, FOMC members Bostic, Williams, Evans, and Daly are also due to deliver speeches on the dya. We don’t expect the numbers to influence, however, with crude oil prices and market risk sentiment key on the day. This article was originally posted on FX Empire More From FXEMPIRE: Germany’s New Multi-party Government to Raise Investment but Maintain Fiscal Discipline AUD/USD Forex Technical Analysis – Taking Out .7170 Could Trigger Acceleration into .7106 EUR/USD Price Forecast – Euro Trying to Recover The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. For the Pound It’s also a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction. | FXEmpire.com - Earlier in the Day: It was a particularly quiet start to the day on the economic calendar this morning. The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. For the Pound It’s also a particularly quiet day ahead on the economic calendar. | The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. For the Pound It’s also a particularly quiet day ahead on the economic calendar. At the time of writing, the Loonie was down by 0.02% to C$1.2613 against the U.S Dollar. | ef4bf73e-1ed5-4c30-a5d8-e581dee7f082 |
708932.0 | 2021-11-16 00:00:00 UTC | Inflation Puts the EUR, the Pound, and the Loonie in Focus | DBO | https://www.nasdaq.com/articles/inflation-puts-the-eur-the-pound-and-the-loonie-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busier start to the day on the economic calendar this morning. The Kiwi Dollar, the Japanese Yen, and the Aussie Dollar were in action early this morning.
For the Kiwi Dollar
Wholesale inflation was in focus.
In the 3rd quarter, the producer input price index rose by 1.6%, quarter-on-quarter. The index had risen by 3.0% in the previous quarter.
According to NZ Stats,
The overall change in prices paid by producers was influenced by increases in the dairy product manufacturing industry (+7.4%) as raw-milk prices increased.
Producer prices increased more in the year ended Sep-2021 than in any other year for more than a decade.
The Kiwi Dollar moved from $0.69888 to $0.69904 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.07% to $0.6987.
For the Japanese Yen
Japan’s trade deficit narrowed from ¥624.1bn to ¥67.4bn in October. Economists had forecast a narrowing to ¥310.0bn.
According to figures released by the Ministry of Finance,
Exports were up 9.4%, year-on-year, after having been up 13% in September.
To China, exports were up 9.5%, with exports to Germany and the UK rising by 15.0% and by 7.4% respectively.
Exports to the U.S increased by just 0.4%, however, with exports to Australia sliding by 18.4%.
Imports increased by 26.7%, year-on-year, after having been up 38.6% in September.
From the U.S, imports increased by 18.5%, with imports from China rising by 11.4%.
Imports from Australia surged by 90.5%, with imports from Western Europe up 15.3%.
The Japanese Yen moved from ¥114.917 to ¥114.906 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.04 ¥114.870 against the U.S Dollar.
For the Aussie Dollar
Wage growth drew plenty of interest this morning.
In the 3rd quarter, wages grew by 0.6% quarter-on-quarter versus a forecasted 0.5% increase. Wages had grown by 0.4% in the previous quarter. Year-on-year, wages grew by 2.2%.
According to the ABS,
Private sector wages rose by 2.4% annually, while growth in the public sector continued to track below the private sector.
The annual growth rate returned to a more regular September quarter pattern of wage growth, following the labor market disruptions through 2020 and 2021.
The Aussie Dollar moved from $0.72999 to $0.72848 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.26% to $0.7284.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic calendar. Finalized October inflation figures for the Eurozone will be in focus later today.
Following ECB President Lagarde’s comments from earlier in the week, the impact of any revisions on the EUR may be limited, however.
From the ECB, the ECB’s Financial Stability Review will provide direction, however.
At the time of writing, the EUR was down by 0.02% to $1.1318.
For the Pound
It’s another busy day ahead on the economic calendar.
Inflation figures for October will be in focus.
Expect plenty of influence from the numbers. While the BoE disappointed last time around, a further pickup in inflationary pressure may force a move…
At the time of writing, the Pound was down by 0.05% to $1.3423.
Across the Pond
It’s a quieter day ahead on the economic calendar.
Economic data is limited to housing sector numbers for October. We don’t expect the numbers to have any impact on the Greenback or market risk sentiment.
Expect any FOMC member chatter to provide direction, however. FOMC members Williams, Bowman, and Mester are scheduled to speak
On Tuesday, the U.S Dollar Spot Index rose by 0.53% to end the day at 95.915.
For the Loonie
It’s a busier day ahead, with October inflation figures in focus.
Expect plenty of Loonie sensitivity to the numbers, with crude oil inventories to also provide direction.
At the time of writing, the Loonie was down by 0.09% to C$1.2569 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Following ECB President Lagarde’s comments from earlier in the week, the impact of any revisions on the EUR may be limited, however. FOMC members Williams, Bowman, and Mester are scheduled to speak On Tuesday, the U.S Dollar Spot Index rose by 0.53% to end the day at 95.915. This article was originally posted on FX Empire More From FXEMPIRE: Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 24th, 2021 USD/CAD Exchange Rate Prediction – The Dollar Continues to Rally Ethereum Pulls Back As Crypto Markets Retreat The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Kiwi Dollar, the Japanese Yen, and the Aussie Dollar were in action early this morning. According to the ABS, Private sector wages rose by 2.4% annually, while growth in the public sector continued to track below the private sector. For the Loonie It’s a busier day ahead, with October inflation figures in focus. | The Kiwi Dollar, the Japanese Yen, and the Aussie Dollar were in action early this morning. The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic calendar. For the Loonie It’s a busier day ahead, with October inflation figures in focus. | Imports increased by 26.7%, year-on-year, after having been up 38.6% in September. For the Aussie Dollar Wage growth drew plenty of interest this morning. For the Loonie It’s a busier day ahead, with October inflation figures in focus. | 52bd1ff4-d7ef-4dbd-8184-59199066a36e |
708933.0 | 2021-11-15 00:00:00 UTC | Key Stats Put the Pound and the Greenback in the Spotlight | DBO | https://www.nasdaq.com/articles/key-stats-put-the-pound-and-the-greenback-in-the-spotlight | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. There were no material stats to provide the majors with direction early in the session. Later this morning, the RBA’s monetary policy meeting minutes will draw interest, however, ahead of a scheduled RBA Governor Lowe speech.
For the Majors
At the time of writing, the Japanese Yen was down by 0.01 ¥114.130 against the U.S Dollar, while the Aussie Dollar was flat at $0.7347. The Kiwi Dollar was down by 0.09% to $0.7042.
The Day Ahead
For the EUR
It’s a relatively busy day ahead on the economic calendar. Finalized inflation figures for France and Italy are due out ahead of 2nd estimate GDP numbers for the Eurozone.
Barring any marked revisions to the inflation figures, expect any adjustments to the GDP numbers to have a greater impact.
At the time of writing, the EUR was up by 0.04% to $1.1372.
For the Pound
It’s a particularly busy day ahead on the economic calendar.
Claimant counts are due out along with average earnings, employment change, and unemployment figures.
Expect October’s claimant count and September’s unemployment rate to have the greatest influence on the Pound.
At the time of writing, the Pound was down by 0.01% to $1.3414.
Across the Pond
It’s also a busy day ahead on the economic calendar.
Retail sales figures are due out along with industrial production numbers.
With inflation a key area of focus, any slide in retail sales would test support for riskier assets.
On Monday, the U.S Dollar Spot Index rose by 0.29% to end the day at 95.407.
For the Loonie
It’s a particularly quiet day ahead, with no major stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the IEA’s monthly report and crude oil prices to provide direction.
At the time of writing, the Loonie was up by 0.06% to C$1.2509 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Finalized inflation figures for France and Italy are due out ahead of 2nd estimate GDP numbers for the Eurozone. With inflation a key area of focus, any slide in retail sales would test support for riskier assets. The lack of stats will leave the IEA’s monthly report and crude oil prices to provide direction. | The Day Ahead For the EUR It’s a relatively busy day ahead on the economic calendar. For the Pound It’s a particularly busy day ahead on the economic calendar. For the Loonie It’s a particularly quiet day ahead, with no major stats due out of Canada to provide the Loonie with direction. | The Day Ahead For the EUR It’s a relatively busy day ahead on the economic calendar. For the Pound It’s a particularly busy day ahead on the economic calendar. For the Loonie It’s a particularly quiet day ahead, with no major stats due out of Canada to provide the Loonie with direction. | For the Pound It’s a particularly busy day ahead on the economic calendar. Retail sales figures are due out along with industrial production numbers. For the Loonie It’s a particularly quiet day ahead, with no major stats due out of Canada to provide the Loonie with direction. | c9deaf42-347d-4864-b6fb-0eac417a6c62 |
708934.0 | 2021-11-13 00:00:00 UTC | The Week Ahead – Economic Data and Central Bank Chatter to Keep the Markets Busy | DBO | https://www.nasdaq.com/articles/the-week-ahead-economic-data-and-central-bank-chatter-to-keep-the-markets-busy-2021-11-14 | nan | nan | FXEmpire.com -
On the Macro
It’s a busy week ahead on the economic calendar, with 58 stats in focus in the week ending 19th November. In the week prior, 39 stats had been in focus.
For the Dollar:
Early in the week, retail sales and industrial production figures will be in focus.
With inflationary pressure pushing consumer prices northwards, weak retail sales figures could further pressure the FED into a move on interest rates.
On Thursday, the Philly FED Manufacturing PMI and jobless claims wrap things up.
Housing sector data due out over the week should have a muted impact on the Dollar and the broader market.
On the monetary policy front, expect FOMC member chatter to also influence.
In the week ending 12th November, the U.S Dollar Index rose by 0.86% to 95.128.
For the EUR:
Early in the week, Eurozone trade data and 2nd estimate GDP numbers for the 3rd quarter will be in focus.
On Wednesday, finalized Eurozone inflation figures for October will also provide direction.
From the ECB, expect any member chatter in the week to also influence. ECB President Lagarde is scheduled to speak several times in the week,
For the week, the EUR slid by 1.05% to $1.1445.
For the Pound:
It’s a busy week ahead on the economic calendar.
On Tuesday, claimant counts and the unemployment rate will be key ahead of inflation figures on Wednesday.
Following the BoE’s decision to stand pat on policy, another pickup in consumer prices could push the BoE into action.
At the end of the week, retail sales figures will also be key amidst rising consumer prices.
The Pound ended the week down by 0.62% to $1.3414.
For the Loonie:
It’s also a busy week ahead on the economic calendar.
Early in the week, manufacturing and wholesale sales figures will draw interest.
On Wednesday and Friday, inflation and retail sales will be the key stats of the week, however.
Away from theeconomic calendar crude oil prices and inventories will also influence. On Tuesday, the IEA’s monthly report will also garner interest.
The Loonie ended the week down 0.75% to C$1.2550 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
It’s a particularly quiet week ahead, with stats limited to 3rd quarter wage growth.
As a key area of focus for the RBA, expect plenty of Aussie Dollar sensitivity to the numbers.
On the monetary policy front, the RBA meeting minutes and scheduled RBA Gov. Lowe speech on Tuesday will also influence.
The Aussie Dollar ended the week down by 0.92% to $0.7332.
For the Kiwi Dollar:
It’s another quiet week ahead.
Wholesale inflation for the 3rd quarter will draw interest on Thursday.
From elsewhere, expect economic data from China to also influence.
The Kiwi Dollar ended the week down by 1.03% to $0.7044.
For the Japanese Yen:
3rd quarter GDP numbers will be in focus ahead of trade data on Wednesday.
Inflation figures for October wrap things up on Friday.
The Japanese Yen fell by 0.42% to ¥113.890 against the U.S Dollar.
Out of China
It’s another relatively busy week ahead on theeconomic calendar
At the start of the week, fixed asset investment and industrial production figures will set the tone.
Another round of softer numbers would test support for riskier assets on Monday.
Unemployment figures, also due out on Monday, will also draw interest.
The Chinese Yuan ended the week up by 0.30% to CNY6.3797 against the U.S Dollar.
Geo-Politics
Nothing new to consider in the week ahead, with China and Capitol Hill continuing to be the key areas of focus.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the EUR: Early in the week, Eurozone trade data and 2nd estimate GDP numbers for the 3rd quarter will be in focus. Out of Asia For the Aussie Dollar: It’s a particularly quiet week ahead, with stats limited to 3rd quarter wage growth. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – November 21st, 2021 Oil On A 4-Week Losing Streak The Crypto Daily – Movers and Shakers – November 20th, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - On the Macro It’s a busy week ahead on the economic calendar, with 58 stats in focus in the week ending 19th November. With inflationary pressure pushing consumer prices northwards, weak retail sales figures could further pressure the FED into a move on interest rates. For the Japanese Yen: 3rd quarter GDP numbers will be in focus ahead of trade data on Wednesday. | FXEmpire.com - On the Macro It’s a busy week ahead on the economic calendar, with 58 stats in focus in the week ending 19th November. For the Dollar: Early in the week, retail sales and industrial production figures will be in focus. Out of China It’s another relatively busy week ahead on theeconomic calendar At the start of the week, fixed asset investment and industrial production figures will set the tone. | FXEmpire.com - On the Macro It’s a busy week ahead on the economic calendar, with 58 stats in focus in the week ending 19th November. On Tuesday, claimant counts and the unemployment rate will be key ahead of inflation figures on Wednesday. From elsewhere, expect economic data from China to also influence. | d815cb2a-ffc3-4fa4-a34f-1a2e85ff9b24 |
708935.0 | 2021-11-11 00:00:00 UTC | A Quiet Economic Calendar Leaves the EUR and the Greenback in Focus | DBO | https://www.nasdaq.com/articles/a-quiet-economic-calendar-leaves-the-eur-and-the-greenback-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. The Kiwi Dollar was back in action, however.
For the Kiwi Dollar
In October, the Business PMI increased from 51.4 to 54.3.
According to the latest survey,
The Production sub-index rose from 49.8 to 54.0, returning to positive territory for the first time since July. Back in August, the Production sub-index had stood at 27.1.
Deliveries led the way, however, jumping from 47.9 to 59.9.
New Orders held relatively steady, with the sub-index falling from 54.1 to 53.9.
The pace of hiring also slowed, with the Employment sub-index falling from 54.2 to 52.1. In spite of the decline, the sub-index remained above its long-run average, however.
The Kiwi Dollar moved from $0.70197 to $0.70208 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.03% to $0.70185.
Elsewhere
At the time of writing, the Japanese Yen was flat at ¥114.060 against the U.S Dollar, while the Aussie Dollar was up by 0.01% to $0.72896.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic calendar. Industrial production figures for the Eurozone will be in focus in the early part of the European session.
With little else for the markets to consider, expect the numbers to influence.
Finalized October inflation figures for France and Spain are also due out. Barring marked revisions from prelim numbers, however, the stats should have a muted impact on the EUR.
At the time of writing, the EUR was down by 0.03% to $1.1448.
For the Pound
It’s a particularly quiet day ahead on the economic calendar.
There are no material stats due out of the UK to provide the Pound with direction.
At the time of writing, the Pound was down by 0.01% to $1.3371.
Across the Pond
It’s a relatively busy day ahead on the economic calendar.
JOLT’s job openings will be in focus ahead of consumer sentiment figures later in the day.
While the job openings will influence, consumer sentiment will likely have the greater impact.
On Thursday, the U.S Dollar Spot Index rose by 0.32% to 95.1570.
For the Loonie
It’s another quiet day ahead. There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment.
At the time of writing, the Loonie was down by 0.02% to C$1.2581 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to the latest survey, The Production sub-index rose from 49.8 to 54.0, returning to positive territory for the first time since July. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment. This article was originally posted on FX Empire More From FXEMPIRE: NFL Turns to Polygon Network for Ticket Collectible NFTs Retail Sales Puts the Pound and the Loonie in the Spotlight NZD/USD Forex Technical Analysis – Reaction to .7040 – .6997 Retracement Zone Determines Near-Term Direction The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic calendar. JOLT’s job openings will be in focus ahead of consumer sentiment figures later in the day. While the job openings will influence, consumer sentiment will likely have the greater impact. | Elsewhere At the time of writing, the Japanese Yen was flat at ¥114.060 against the U.S Dollar, while the Aussie Dollar was up by 0.01% to $0.72896. The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic calendar. At the time of writing, the Loonie was down by 0.02% to C$1.2581 against the U.S Dollar. | For the Pound It’s a particularly quiet day ahead on the economic calendar. JOLT’s job openings will be in focus ahead of consumer sentiment figures later in the day. At the time of writing, the Loonie was down by 0.02% to C$1.2581 against the U.S Dollar. | 6c296e2e-6ba5-4fe5-bbde-055f21d4e731 |
708936.0 | 2021-11-10 00:00:00 UTC | The ECB and Economic Data Put the EUR and the GBP in Focus after Wednesday’s Retreats | DBO | https://www.nasdaq.com/articles/the-ecb-and-economic-data-put-the-eur-and-the-gbp-in-focus-after-wednesdays-retreats | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busy start to the day on the economic calendar this morning. The Kiwi Dollar and the Aussie Dollar were in action.
For the Kiwi Dollar
According to the latest ANZ Report, business confidence fell 5 points to -18.1 for October.
All-forward looking activity indicators except employment intentions fell, according to prelim figures.
Looking at the components:
Own activity outlook fell from 21.7 to 15.6, with export intentions down from 8.6 to 8.0.
Investment intentions slid from 13.8 to 11.6%, while cost expectations rose from 87.2 to 89.0.
Employment intentions improved, however, rising from 10.9 to 16.1. This was in spite of weaker profit expectations.
At the time of writing, the Kiwi Dollar was up by 0.17% to $0.70708.
For the Aussie Dollar
Employment figures drew attention this morning.
According to ABS,
The unemployment rate increased to 5.2% from 4.8% in October.
Employment fell by 46.3k to leave it 160.3k lower than in March 2020.
Full-time employment declined by 40.4k, with part-time employment down 5.9k.
The participation rate increased by 0.1 pts to 64.7%.
The Aussie Dollar moved from $0.73375 to $0.73198 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.02% to $0.73246.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.05% to ¥113.960 against the U.S Dollar.
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic calendar. There are no material stats to provide the EUR with direction.
While there are no stats, the ECB Economic Bulletin and Forecasts will provide direction early in the European session.
The markets will be looking for the ECB’s view on inflation and the impact on the ongoing economic recovery.
At the time of writing, the EUR was up by 0.06% to $1.14851.
For the Pound
It’s a busy day ahead on the economic calendar.
3rd quarter GDP numbers will be in focus along with trade data and industrial and manufacturing production figures.
Expect revisions to the GDP numbers and manufacturing production to be the key drivers on the day.
At the time of writing, the Pound was up by 0.08% to $1.34130.
Across the Pond
It’s a particularly quiet day ahead on the economic calendar.
There are no material stats to provide the Dollar and the broader market with direction.
Following Wednesday’s inflation figures, expect any FOMC member chatter to draw plenty of interest, however.
On Wednesday, the U.S Dollar Spot Index had rallied by 0.95% to 94.850.
For the Loonie
It’s another quiet day ahead. There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of OPEC’s monthly report and impact on crude oil prices.
At the time of writing, the Loonie was flat at C$1.24861 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Following Wednesday’s inflation figures, expect any FOMC member chatter to draw plenty of interest, however. The lack of stats will leave the Loonie in the hands of OPEC’s monthly report and impact on crude oil prices. This article was originally posted on FX Empire More From FXEMPIRE: E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 16172.50, Weakens Under 16146.50 EUR/USD Daily Forecast – Test Of Resistance At 1.1325 EUR/USD Forex Technical Analysis – Confirmation of Closing Price Reversal Bottom Sets Up Rally into 1.1364 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. While there are no stats, the ECB Economic Bulletin and Forecasts will provide direction early in the European session. Across the Pond It’s a particularly quiet day ahead on the economic calendar. | The Kiwi Dollar and the Aussie Dollar were in action. At the time of writing, the Aussie Dollar was down by 0.02% to $0.73246. The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. | The Kiwi Dollar and the Aussie Dollar were in action. Employment intentions improved, however, rising from 10.9 to 16.1. The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. | 44c00c81-1f6c-4592-bb0c-380da9094137 |
708937.0 | 2021-11-09 00:00:00 UTC | A Quiet Economic Calendar Leaves Inflation and the Greenback in the Spotlight | DBO | https://www.nasdaq.com/articles/a-quiet-economic-calendar-leaves-inflation-and-the-greenback-in-the-spotlight | nan | nan | FXEmpire.com -
Earlier in the Day:
It was another relatively busy start to the day on the economic calendar this morning. The Aussie Dollar was in action, with economic data from the China also in focus.
For the Aussie Dollar
In November, the Westpac Consumer Confidence Index increased by 0.6% to 105.3, partially recovering from a 1.5% fall in October.
According to the latest Westpac Report,
The lack of a major pickup in confidence came in spite of Sydney and Melbourne easing lockdown measures.
Higher vaccination rates has continued to support consumer confidence, limiting a material decline in response to the last set of lockdown measures.
Looking at the sub-components:
Family finances vs a year ago fell by 4.5% and was down by 1.9% year-on-year.
By contrast, family finances next 12-months declined by a modest 0.7%.
Economic conditions next 12-months rose by 3.3%, with conditions next 5-years up 2.6%.
Time to buy a major household item increased by 1.8%, with the time to buy a dwelling up 9.4%.
Also positive was an 11.1% slide in the Unemployment Expectations Index. Year-on-year, the index was down 24.9%.
The Aussie Dollar moved from $0.73718 to $0.73721 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.07% to $0.73712.
From China
Inflation was back in focus.
In October, China’s annual rate of inflation accelerated from 0.7% to 1.5% versus a forecasted 1.4%.
Month-on-month, consumer prices increased by 0.7% following a 0.1% rise in September. Economists had forecast a 0.7% increase.
Wholesale inflationary pressures also accelerated. China’s annual wholesale rate of inflation picked up from 10.7% to 13.5%. Economists had forecast an annual rate of 12.4%.
The Aussie Dollar moved from $0.73678 to $0.73730 upon release of the figures.
Elsewhere
At the time of writing, the Japanese Yen was flat at ¥112.870 against the U.S Dollar, with the Kiwi Dollar down by 0.07% to $0.7124.
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic calendar. Finalized October inflation figures for Germany will be in focus early in the session.
Barring a marked revision from prelim figures, however, we don’t expect the numbers to have an impact on the EUR.
At the time of writing, the EUR was flat at $1.1593.
For the Pound
It’s a quiet day ahead on the economic calendar. There are no major stats due out of the UK to provide the Pound with direction.
At the time of writing, the Pound was down by 0.04% to $1.3552.
Across the Pond
It’s another relatively quiet day ahead on the economic calendar.
Inflation will draw plenty of attention, however. With the FED continuing to view inflationary pressures as transitory, another spike would test support for riskier assets and question whether the FED can stand pat on interest rates.
At the time of writing, the U.S Dollar Spot Index was up by 0.02% to 93.975.
For the Loonie
It’s another quiet day ahead. There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil inventories and market risk sentiment.
At the time of writing, the Loonie was up by 0.02% to C$1.2436 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to the latest Westpac Report, The lack of a major pickup in confidence came in spite of Sydney and Melbourne easing lockdown measures. Higher vaccination rates has continued to support consumer confidence, limiting a material decline in response to the last set of lockdown measures. This article was originally posted on FX Empire More From FXEMPIRE: Shiba Inu Coin – Daily Tech Analysis – November 17th, 2021 EUR/USD Daily Forecast – Euro Attempts To Rebound From Yearly Lows Financial Stability Review Raises Concerns Amidst another Spike in Eurozone Inflation The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar In November, the Westpac Consumer Confidence Index increased by 0.6% to 105.3, partially recovering from a 1.5% fall in October. Higher vaccination rates has continued to support consumer confidence, limiting a material decline in response to the last set of lockdown measures. In October, China’s annual rate of inflation accelerated from 0.7% to 1.5% versus a forecasted 1.4%. | For the Aussie Dollar In November, the Westpac Consumer Confidence Index increased by 0.6% to 105.3, partially recovering from a 1.5% fall in October. The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: Shiba Inu Coin – Daily Tech Analysis – November 17th, 2021 EUR/USD Daily Forecast – Euro Attempts To Rebound From Yearly Lows Financial Stability Review Raises Concerns Amidst another Spike in Eurozone Inflation The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Aussie Dollar was in action, with economic data from the China also in focus. For the Aussie Dollar In November, the Westpac Consumer Confidence Index increased by 0.6% to 105.3, partially recovering from a 1.5% fall in October. At the time of writing, the Loonie was up by 0.02% to C$1.2436 against the U.S Dollar. | df7c4f95-6417-41c4-8133-293dde27525a |
708938.0 | 2021-11-08 00:00:00 UTC | Economic Data from the Eurozone and the U.S to Put the EUR and the Dollar in the Spotlight | DBO | https://www.nasdaq.com/articles/economic-data-from-the-eurozone-and-the-u.s-to-put-the-eur-and-the-dollar-in-the-spotlight | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively busy start to the day on the economic calendar this morning. The Kiwi Dollar and the Aussie Dollar were in action, with economic data from the UK also in focus.
For the Kiwi Dollar
Electronic card retail sales jumped by 10.1% in October. In September, electronic card retail sales had risen by 1.0%.
According to NZ Stats,
Durable goods spending rose by 11.5%, while spending on groceries and liquor fell by 0.2% to buck the trend.
Easing of COVID-19 restrictions supported a pickup in spending at the start of the 4th
The Kiwi Dollar moved from $0.71670 to $0.71613 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.21% to $0.7152.
For the Aussie Dollar
In October, the NAB Business Confidence Index increased from 10 to 21, coming in ahead of a forecasted 15.
According to the October Survey,
Easing of the latest lockdown measures drove confidence at the start of the quarter.
Capacity utilization recovered in October, rising back to 81.5%, with forward orders rebounding to +15 index points.
In September, forward orders had been negative.
Inflation indicators remained elevated, with purchase cost growth hitting decade highs, with labor costs growth accelerating.
The Aussie Dollar moved from $0.74073 to $0.74034 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.32% to $0.7399.
Elsewhere
At the time of writing, the Japanese Yen was flat at ¥113.230 against the U.S Dollar.
The Day Ahead
For the EUR
It’s a busy day ahead on the economic calendar. German trade data will be in focus going into the European session. Barring particularly dire numbers, the figures should have a limited impact on the EUR.
Later in the morning, ZEW Economic sentiment figures for Germany and the Eurozone will influence, however.
On the monetary policy front, ECB President Lagarde is also scheduled to speak.
At the time of writing, the EUR was down by 0.06% to $1.1580.
For the Pound
It’s a quiet day ahead on the economic calendar. There are no major stats due out of the UK to provide the Pound with direction.
In the early part of the Asian session, retail sales were in focus, however.
In October, the BRC Retail Sales Monitor slipped by 0.2% year-on-year. The Retail Sales Monitor had been down by 0.6% in September.
At the time of writing, the Pound was down by 0.06% to $1.3555.
Across the Pond
It’s a quiet day ahead on the economic calendar.
Wholesale inflation will draw plenty of attention, however. With supply-chain disruption persisting, a further pickup in wholesale inflation could test the transitory theory.
On the monetary policy front, FED Chair Powell is scheduled to speak.
On Monday. the U.S Dollar Spot Index fell by 0.29% to 94.049.
For the Loonie
It’s a quiet day ahead. There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment.
At the time of writing, the Loonie was down by 0.12% to C$1.2457 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Easing of COVID-19 restrictions supported a pickup in spending at the start of the 4th The Kiwi Dollar moved from $0.71670 to $0.71613 upon release of the figures. For the Aussie Dollar In October, the NAB Business Confidence Index increased from 10 to 21, coming in ahead of a forecasted 15. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment. | For the Kiwi Dollar Electronic card retail sales jumped by 10.1% in October. In September, electronic card retail sales had risen by 1.0%. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. | The Kiwi Dollar and the Aussie Dollar were in action, with economic data from the UK also in focus. For the Kiwi Dollar Electronic card retail sales jumped by 10.1% in October. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. | The Kiwi Dollar and the Aussie Dollar were in action, with economic data from the UK also in focus. For the Aussie Dollar In October, the NAB Business Confidence Index increased from 10 to 21, coming in ahead of a forecasted 15. At the time of writing, the Loonie was down by 0.12% to C$1.2457 against the U.S Dollar. | 57be7bf2-dc31-4d63-a632-6404f9af5573 |
708939.0 | 2021-11-07 00:00:00 UTC | A Quiet Economic Calendar Leaves Central Bank Chatter in Focus | DBO | https://www.nasdaq.com/articles/a-quiet-economic-calendar-leaves-central-bank-chatter-in-focus-2021-11-07 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a particularly quiet start to the day on the economic calendar this morning. There were no major stats for the markets to consider in the early hours.
With no stats to consider, the markets had an opportunity to respond to Friday’s U.S nonfarm payrolls.
Over the weekend, trade data for China also influenced, however.
In October, China’s U.S Dollar trade surplus widened from US$66.76bn to US$84.54bn. Economists had forecast a narrowing to US$65.55bn.
Year-on-year, exports were up 27.7% versus a forecasted 24.5%. In September, exports had risen by 28.1%.
Imports increased by 20.6%, versus a forecasted 25.0%. Imports had risen by 17.6% in September.
In response, the Aussie Dollar struck an early morning high $0.74140 before falling back to sub-$0.74 levels. At the time of writing, the Aussie Dollar was down by 0.04% to $0.7397.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.04% to ¥113.450 against the U.S Dollar, with the Kiwi Dollar down by 0.03% to $0.7115.
The Day Ahead
For the EUR
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction.
The lack of stats will leave the EUR in the hands of market risk sentiment and central bank chatter.
ECB member Lane is scheduled to speak late in the European session.
At the time of writing, the EUR was down by 0.01% to $1.1566.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no major stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of market risk sentiment.
At the time of writing, the Pound was down by 0.07% to $1.3489.
Across the Pond
It’s a quiet day ahead on the economic calendar.
There are no material stats due out to provide the Dollar and the broader markets with direction.
On the monetary policy front, FED Chair Powell is scheduled to speak. We don’t expect a shift from the transitory script on inflation. Other FOMC members may have a different take ahead of inflation figures on Tuesday and Wednesday.
FOMC members Clarida and Bowman are due to speak late in the U.S session.
On Friday, the U.S Dollar Spot Index slipped by 0.03% to end the day at 94.320.
For the Loonie
It’s a quiet day ahead. There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment.
Upbeat trade data from China should deliver early support.
At the time of writing, the Loonie was up by 0.02% to C$1.2454 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In response, the Aussie Dollar struck an early morning high $0.74140 before falling back to sub-$0.74 levels. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Daily Forecast – Test Of Resistance At 1.1450 Shiba Inu Coin – Daily Tech Analysis – November 15th, 2021 Gold Bugs Tremble On High Inflation The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In response, the Aussie Dollar struck an early morning high $0.74140 before falling back to sub-$0.74 levels. The lack of stats will leave the EUR in the hands of market risk sentiment and central bank chatter. The lack of stats will leave the Pound in the hands of market risk sentiment. | The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out to provide the Dollar and the broader markets with direction. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Daily Forecast – Test Of Resistance At 1.1450 Shiba Inu Coin – Daily Tech Analysis – November 15th, 2021 Gold Bugs Tremble On High Inflation The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | There were no major stats for the markets to consider in the early hours. The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out to provide the Dollar and the broader markets with direction. | 3ede94ef-a84c-4b46-a097-4b69c2a22aed |
708940.0 | 2021-11-06 00:00:00 UTC | The Week Ahead – Economic Data Puts Inflation back in Focus | DBO | https://www.nasdaq.com/articles/the-week-ahead-economic-data-puts-inflation-back-in-focus-2021-11-06 | nan | nan | FXEmpire.com -
On the Macro
It’s a quieter week ahead on the economic calendar, with 43 stats in focus in the week ending 12th November. In the week prior, 57 stats had been in focus.
For the Dollar:
Early in the week, inflation figures will be in focus.
Expect plenty of interest, with any further spike likely to bring into question the FED’s transitory view.
On Thursday, jobless claims will also be key ahead of JOLT’s job openings and consumer sentiment figures on Friday.
Following the FED’s forward guidance last Wednesday, expect any FOMC chatter to also draw attention.
FED Chair Powell is scheduled to speak early in the week.
In the week ending 5th November, the U.S Dollar Index rose by 0.21% to 94.320.
For the EUR:
Early in the week, German trade data and ZEW Economic Sentiment figures will be in focus.
At the end of the week, Eurozone industrial production figures will also draw interest.
Finalized inflation figures for Germany, France, and Spain should have a muted impact on the EUR.
From the ECB, however, the ECB forecasts and Economic Bulletin will be key on Thursday.
For the week, the EUR rose by 0.08% to $1.1567.
For the Pound:
It’s a busier week ahead on the economic calendar.
Early in the week, retail sales figures will be in focus.
Key in the week, however, will be 3rd quarter GDP and manufacturing Production figures for September.
Business investment, trade data, and industrial production figures will draw attention, however.
Following the Pound’s slide last week, expect any hawkish central bank chatter to also influence.
The Pound ended the week down by 1.34% to $1.3498.
For the Loonie:
It’s particularly quiet week ahead on the economic calendar. There are no major stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices.
Weekly inventory numbers and OPEC’s monthly report will influence.
On the monetary policy front, BoC Governor Macklem is due to speak in the early hours of Wednesday morning.
The Loonie ended the week down 0.56% to C$1.2457 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
Business and consumer confidence figures will be in focus early in the week.
With reopening plans underway, a pickup in confidence would support the Aussie Dollar.
At the end of the week, however, expect employment figures for October to be key.
The Aussie Dollar ended the week down by 1.57% to $0.7400.
For the Kiwi Dollar:
It’s another quiet week ahead.
Early in the week, electronic card retail sales will be in focus ahead of Business PMI numbers on Friday.
With little else for the markets to consider, both sets of numbers will provide direction.
The Kiwi Dollar ended the week down by 0.75% to $0.7117.
For the Japanese Yen:
There are no major stats to provide the Yen with direction in the week.
The Japanese Yen rose by 0.47% to ¥113.410 against the U.S Dollar.
Out of China
It’s a quiet week ahead on the economic calendar.
On Wednesday, inflation figures will be in focus.
From the weekend, trade data from China will set the tone…
The Chinese Yuan ended the week up by 0.10% to CNY6.3989 against the U.S Dollar.
Geo-Politics
Nothing new to consider in the week ahead, with China and Capitol Hill continuing to be the key areas of focus.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Thursday, jobless claims will also be key ahead of JOLT’s job openings and consumer sentiment figures on Friday. On the monetary policy front, BoC Governor Macklem is due to speak in the early hours of Wednesday morning. This article was originally posted on FX Empire More From FXEMPIRE: ASX200: Weekly Wrap – 12/11/2021 New England Patriots, New England Revolution Collabo with Blockchain Company Best Stocks, Crypto, and ETFs to Watch – Nvidia, Ripple’s XRP and Global X Uranium ETF (URA) in the Spotlight The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - On the Macro It’s a quieter week ahead on the economic calendar, with 43 stats in focus in the week ending 12th November. Business investment, trade data, and industrial production figures will draw attention, however. Out of Asia For the Aussie Dollar: Business and consumer confidence figures will be in focus early in the week. | FXEmpire.com - On the Macro It’s a quieter week ahead on the economic calendar, with 43 stats in focus in the week ending 12th November. For the Dollar: Early in the week, inflation figures will be in focus. Out of Asia For the Aussie Dollar: Business and consumer confidence figures will be in focus early in the week. | For the Dollar: Early in the week, inflation figures will be in focus. For the EUR: Early in the week, German trade data and ZEW Economic Sentiment figures will be in focus. The Aussie Dollar ended the week down by 1.57% to $0.7400. | 82512fe0-288d-4ac5-9ace-62e4e1442d33 |
708941.0 | 2021-11-01 00:00:00 UTC | The RBA Will be in Focus Early with Economic Data Putting the EUR in the Spotlight | DBO | https://www.nasdaq.com/articles/the-rba-will-be-in-focus-early-with-economic-data-putting-the-eur-in-the-spotlight | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in focus early in the Asian session, with the RBA in action later in the Asian session.
For the Kiwi Dollar
Building consents fell by 1.9% in September. In August, consents had jumped by 3.8%.
According to NZ Stats, while down for the month, consents rose by a record 25% in the year ended Sept-2021.
The Kiwi Dollar moved from $0.71828 to $0.71833 upon release of the numbers. At the time of writing, the Kiwi Dollar was down by 0.03% to $0.7183.
Elsewhere
At the time of writing, the Aussie Dollar was down by 0.05% to $0.7522.The Japanese Yen was down by 0.04% to ¥114.040 against the U.S Dollar.
The Day Ahead
For the EUR
It’s a busy day ahead on the economic calendar. Manufacturing PMI figures for Spain and Italy are due out later this morning. Finalized PMIs for France, Germany, and the Eurozone are also due out.
Barring any marked revisions, expect Italy’s and the Eurozone’s Manufacturing PMI numbers to be key.
At the time of writing, the EUR was down by 0.03% to $1.1603.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of market risk sentiment on the day.
At the time of writing, the Pound was down by 0.03% to $1.3661.
Across the Pond
It’s also a particularly quiet day ahead, with no material stats due out of the U.S to provide the Dollar with direction.
The lack of stats will leave the Dollar in the hands of market sentiment towards FED monetary policy.
Inflationary pressure and softer economic growth have delivered yet more policy uncertainty to the markets.
On Monday, the U.S Dollar Spot Index fell by 0.26% to end the day at 93.879.
For the Loonie
It’s a relatively quiet day ahead, with building permit figures for September due out of Canada.
Barring particularly dire numbers, however, the stats are unlikely to have a material impact on the Loonie.
Expect crude oil prices and market risk sentiment to remain the key driver on the day.
At the time of writing, the Loonie was down by 0.02% to C$1.2372 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Across the Pond It’s also a particularly quiet day ahead, with no material stats due out of the U.S to provide the Dollar with direction. For the Loonie It’s a relatively quiet day ahead, with building permit figures for September due out of Canada. Expect crude oil prices and market risk sentiment to remain the key driver on the day. | For the Kiwi Dollar Building consents fell by 1.9% in September. The lack of stats will leave the Pound in the hands of market risk sentiment on the day. For the Loonie It’s a relatively quiet day ahead, with building permit figures for September due out of Canada. | Elsewhere At the time of writing, the Aussie Dollar was down by 0.05% to $0.7522.The Japanese Yen was down by 0.04% to ¥114.040 against the U.S Dollar. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. Across the Pond It’s also a particularly quiet day ahead, with no material stats due out of the U.S to provide the Dollar with direction. | For the Kiwi Dollar Building consents fell by 1.9% in September. At the time of writing, the Kiwi Dollar was down by 0.03% to $0.7183. Barring any marked revisions, expect Italy’s and the Eurozone’s Manufacturing PMI numbers to be key. | 5d3d28ff-0bce-4197-aec6-3413e3c6bbeb |
708942.0 | 2021-10-21 00:00:00 UTC | A Busy Economic Calendar Puts the EUR, the Pound, the Loonie, and the Greenback in the Spotlight | DBO | https://www.nasdaq.com/articles/a-busy-economic-calendar-puts-the-eur-the-pound-the-loonie-and-the-greenback-in-the | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busier start to the day on the economic calendar this morning. The Japanese Yen was in action in the early hours of the day.
For the Japanese Yen
Inflation and private sector PMI figures were in focus in the early hours.
In September, Japan’s annual core rate of inflation picked up from -0.2% to 0.1%, which was in line with forecasts.
More importantly, private sector PMIs were upbeat, according to prelim figures.
In October, Japan’s Services PMI rose from 47.8 to 50.7, with the Manufacturing PMI increasing from 51.5 to 53.0.
According to the Prelim Market Survey,
Output across the private sector returned to growth, with both manufacturing and services contributing.
New orders picked up as a result of a return to growth across the manufacturing sector. The service sector reported a softer fall in new orders.
New export orders were mixed, however. While the manufacturing sector reported a pickup in overseas demand, the services sector saw a stronger decline.
Output prices were on the rise across the private sector, with input prices also rising at a more marked pace.
The Japanese Yen moved from ¥113.937 to ¥113.992 upon release of the PMIs. At the time of writing, the Japanese Yen was down by 0.17% to ¥114.180 against the U.S Dollar.
Elsewhere
At the time of writing, the Aussie Dollar was up by 0.17% to $0.7480, with the Kiwi Dollar up by 0.18% to $0.7169.
The Day Ahead
For the EUR
It’s a relatively busy day ahead on theeconomic calendar Private sector PMIs for France, Germany, and the Eurozone will be in focus today.
While we can expect plenty of market sensitivity to the headline figures, there will also be interest in cost pressures and supply chain issues.
At the time of writing, the EUR was up by 0.04% to $1.1628.
For the Pound
It’s a busy day ahead on the economic calendar. Early in the day, UK retail sales figures for September will be of particular importance. With the BoE eyeing the impact of inflation on the economy, weak consumption could force the BoE’s hand.
Later in the morning, prelim private sector PMIs for October are also due out, with the Services PMI key.
At the time of writing, the Pound was up by 0.09% to $1.3805.
Across the Pond
It’s a relatively busy day ahead. Prelim private sector PMIs for October will be in focus. Once more, with inflation a key area of focus, expect cost pressures to be an area of focus along with hiring.
Away from theeconomic calendar central bank chatter will also need monitoring.
At the time of writing, the U.S Dollar Spot Index was down by 0.02% to 93.747.
For the Loonie
It’s a busier day ahead for the Loonie, with retail sales figures for August in focus.
Expect Loonie sensitivity to the numbers upon release.
Crude oil prices and PMI numbers will also influence, however.
At the time of writing, the Loonie was up by 0.10% to C$1.2356 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to the Prelim Market Survey, Output across the private sector returned to growth, with both manufacturing and services contributing. While we can expect plenty of market sensitivity to the headline figures, there will also be interest in cost pressures and supply chain issues. This article was originally posted on FX Empire More From FXEMPIRE: Facebook Goes All in on Metaverse With Name Change The Crypto Daily – Movers and Shakers – October 29th, 2021 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 29th, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Japanese Yen Inflation and private sector PMI figures were in focus in the early hours. The Day Ahead For the EUR It’s a relatively busy day ahead on theeconomic calendar Private sector PMIs for France, Germany, and the Eurozone will be in focus today. Once more, with inflation a key area of focus, expect cost pressures to be an area of focus along with hiring. | For the Japanese Yen Inflation and private sector PMI figures were in focus in the early hours. The Day Ahead For the EUR It’s a relatively busy day ahead on theeconomic calendar Private sector PMIs for France, Germany, and the Eurozone will be in focus today. Later in the morning, prelim private sector PMIs for October are also due out, with the Services PMI key. | For the Japanese Yen Inflation and private sector PMI figures were in focus in the early hours. The Day Ahead For the EUR It’s a relatively busy day ahead on theeconomic calendar Private sector PMIs for France, Germany, and the Eurozone will be in focus today. Prelim private sector PMIs for October will be in focus. | 027702ac-c203-48e4-85d5-0a6a3e35c523 |
708943.0 | 2021-10-20 00:00:00 UTC | Economic Data Puts the EUR, the Loonie, and the Greenback in Focus | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-the-loonie-and-the-greenback-in-focus-2021-10-21 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quieter start to the day on the economic calendar this morning. The Aussie Dollar was in action in the early hours of the day.
For the Aussie Dollar
The NAB Business Confidence Index fell from +18 to -1 in the 3rd quarter.
The Aussie Dollar moved from $0.75245 to $0.75260 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.19% to $0.7530.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.09% to ¥114.410 against the U.S Dollar, with the Kiwi Dollar down by 0.01% to $0.7201.
The Day Ahead
For the EUR
It’s a relatively busy day ahead on the economic calendar. Consumer sentiment figures for Germany will be in focus ahead of the European open. With consumption a key component of the Eurozone economic recovery and inflationary pressures persisting, expect the numbers to influence.
Late in the day, flash Eurozone consumer confidence figures for October will also be key.
At the time of writing, the EUR was up by 0.04% to $1.1656.
For the Pound
It’s a relatively quiet day ahead on the economic calendar, with CBI Industrial Trends Orders for October in focus.
With little else for the markets to consider on the day, expect Pound sensitivity to the numbers.
At the time of writing, the Pound was down by 0.01% to $1.3822.
Across the Pond
It’s a busy day ahead. Philly FED Manufacturing PMI and weekly jobless claims figures are the major stats of the day.
A further fall in jobless claims will be key.
Other stats include existing home sales figures for September that should have a muted impact on the day.
At the time of writing, the U.S Dollar Spot Index was up by 0.03% to 93.583.
For the Loonie
It’s a quieter day ahead for the Loonie, with housing sector data for September in focus.
We don’t expect the numbers to influence, however, leaving the Loonie in the hands of crude oil prices and market risk sentiment.
At the time of writing, the Loonie was up by 0.03% to C$1.2317 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | With consumption a key component of the Eurozone economic recovery and inflationary pressures persisting, expect the numbers to influence. We don’t expect the numbers to influence, however, leaving the Loonie in the hands of crude oil prices and market risk sentiment. This article was originally posted on FX Empire More From FXEMPIRE: Daily Gold News: Thursday, Oct. 28 – Gold Unchanged at $1,800 A Busier Economic Calendar and the ECB Put the Greenback and the EUR in the Spotlight Silver Price Prediction – Prices Rebound on Dollar Weakness The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar The NAB Business Confidence Index fell from +18 to -1 in the 3rd quarter. The Day Ahead For the EUR It’s a relatively busy day ahead on the economic calendar. Late in the day, flash Eurozone consumer confidence figures for October will also be key. | FXEmpire.com - Earlier in the Day: It was a quieter start to the day on the economic calendar this morning. The Day Ahead For the EUR It’s a relatively busy day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: Daily Gold News: Thursday, Oct. 28 – Gold Unchanged at $1,800 A Busier Economic Calendar and the ECB Put the Greenback and the EUR in the Spotlight Silver Price Prediction – Prices Rebound on Dollar Weakness The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively busy day ahead on the economic calendar. For the Pound It’s a relatively quiet day ahead on the economic calendar, with CBI Industrial Trends Orders for October in focus. For the Loonie It’s a quieter day ahead for the Loonie, with housing sector data for September in focus. | 8c1f0633-69ef-4690-a787-d098f6ce6e79 |
708944.0 | 2021-10-19 00:00:00 UTC | Inflation Puts the EUR, the GBP, and the Loonie in the Spotlight | DBO | https://www.nasdaq.com/articles/inflation-puts-the-eur-the-gbp-and-the-loonie-in-the-spotlight-2021-10-20 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busier start to the day on the economic calendar this morning. The Japanese Yen was in action this morning. Early in the session, the PBoC was also in focus. In spite of disappointing GDP numbers from China on Monday, the PBoC left loan prime rates unchanged for October.
For the Japanese Yen
Trade data was in focus early this morning.
In September, Japan’s trade deficit narrowed from ¥637.2bn to ¥622.8. Economists had forecast a narrowing to ¥518.2bn.
According to figures released by the Ministry of Finance,
Exports increased by 13.0%, year-on-year, in September.
To China, exports increased by 10.3%, with exports to Germany rising by 16.9%.
Exports to the U.S fell by 3.3%, however, with exports to Australia sliding by 16.1%.
Imports increased by 38.6%, year-on-year, in September.
From the U.S, imports were up 36.3%, with imports from Australia surging 99.5%.
Imports from China were up 23.8%, with imports from Germany rising by 24.2% year-on-year.
The Japanese Yen moved from ¥114.538 to ¥114.540 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.09% to ¥114.480 against the U.S Dollar.
Elsewhere
At the time of writing, the Aussie Dollar was up by 0.15% to $0.7485, with the Kiwi Dollar up by 0.18% to $0.7167.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on theeconomic calendar Wholesale inflation figures from Germany and finalized September inflation figures for the Eurozone will be in focus.
While wholesale inflation figures will draw plenty of attention, any upward revisions from prelim figures for the Eurozone will be key.
At the time of writing, the EUR was up by 0.09% to $1.1643.
For the Pound
It’s a busier day ahead on the economic calendar, with September inflation figures due out ahead of the European open.
With the BoE talking of the negative impact of the inflation spike on the UK economy, a further pickup would support the Pound.
At the time of writing, the Pound was up by 0.09% to $1.3809.
Across the Pond
It’s a particularly quiet day ahead. There are no major stats to provide the Greenback and the markets with direction later in the day.
A lack of stats will leave the markets in the hands of FOMC member chatter on the day.
At the time of writing, the U.S Dollar Spot Index was up by 0.06% to 93.793.
For the Loonie
It’s a busier day ahead for the Loonie, with inflation figures for September in focus.
Expect the numbers to influence with the markets looking ahead to next week’s BoC monetary policy decision.
Away from theeconomic calendar crude oil prices and inventories will also continue to influence.
At the time of writing, the Loonie was up by 0.11% to C$1.2350 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In spite of disappointing GDP numbers from China on Monday, the PBoC left loan prime rates unchanged for October. With the BoE talking of the negative impact of the inflation spike on the UK economy, a further pickup would support the Pound. This article was originally posted on FX Empire More From FXEMPIRE: Investment Firm ProShares Launches Three New ETFs GBP/USD Price Forecast – British Pound Finds Buyers at Crucial Support Level Gold Price Forecast – Gold Markets Continue Consolidating The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively quiet day ahead on theeconomic calendar Wholesale inflation figures from Germany and finalized September inflation figures for the Eurozone will be in focus. For the Pound It’s a busier day ahead on the economic calendar, with September inflation figures due out ahead of the European open. This article was originally posted on FX Empire More From FXEMPIRE: Investment Firm ProShares Launches Three New ETFs GBP/USD Price Forecast – British Pound Finds Buyers at Crucial Support Level Gold Price Forecast – Gold Markets Continue Consolidating The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively quiet day ahead on theeconomic calendar Wholesale inflation figures from Germany and finalized September inflation figures for the Eurozone will be in focus. For the Pound It’s a busier day ahead on the economic calendar, with September inflation figures due out ahead of the European open. For the Loonie It’s a busier day ahead for the Loonie, with inflation figures for September in focus. | The Day Ahead For the EUR It’s a relatively quiet day ahead on theeconomic calendar Wholesale inflation figures from Germany and finalized September inflation figures for the Eurozone will be in focus. At the time of writing, the Pound was up by 0.09% to $1.3809. For the Loonie It’s a busier day ahead for the Loonie, with inflation figures for September in focus. | e9c00e45-e10c-4a9f-9340-bf7f5a591cc6 |
708945.0 | 2021-10-05 00:00:00 UTC | Economic Data Puts the EUR and the Greenback in Focus, with U.S Jobs Data Key | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-and-the-greenback-in-focus-with-u.s-jobs-data-key-2021-10-06 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. There were no major stats for the markets to consider in the early hours.
While there were no stats, the RBNZ was in action early in the Asian session.
For the Kiwi Dollar
The RBNZ raised the cash rate from 0.25% to 0.50% this morning, which was in line with market expectations.
The Kiwi Dollar moved from $0.69529 to a high $0.69791 following in response. At the time of writing, the Kiwi Dollar was up by 0.16% to $0.69672, ahead of the RBNZ press conference.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.14% to ¥111.620 against the U.S Dollar, with the Aussie Dollar down by 0.05% to $0.7288.
The Day Ahead
For the EUR
It’s a relatively busy day ahead on the economic calendar. German factory orders and Eurozone retail sales figures are due out later this morning.
Expect Germany’s retail sales figures to have a greater impact on the EUR.
Other stats include German construction figures that should have a muted impact on the EUR.
At the time of writing, the EUR was down by 0.03% to $1.1595.
For the Pound
It’s a relatively quiet day ahead on the economic calendar.
Construction PMI figures for September will be in focus later in the day.
Barring particularly dire numbers, however, the numbers are unlikely to have too much impact on the Pound.
Inflation and the UK economic outlook remain key areas of focus,
At the time of writing, the Pound was down by 0.02% to $1.3626.
Across the Pond
It’s a quiet day ahead, with ADP Nonfarm Employment Change figures for September in focus.
With the markets looking ahead to NFP numbers on Friday, expect market interest in today’s numbers.
At the time of writing, the U.S Dollar Spot Index was up by 0.04% to 94.008.
For the Loonie
It’s a particularly quiet day ahead for the Loonie. There are no major stats due out of Canada to provide the Loonie with direction.
A lack of stats will leave the Loonie in the hands of crude oil inventories and market risk sentiment on the day.
At the time of writing, the Loonie was down by 0.03% to C$1.2587 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Across the Pond It’s a quiet day ahead, with ADP Nonfarm Employment Change figures for September in focus. A lack of stats will leave the Loonie in the hands of crude oil inventories and market risk sentiment on the day. This article was originally posted on FX Empire More From FXEMPIRE: Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 16th, 2021 Silver Bearish Again After Rallying Against The Greenback On Thursday Shiba Inu – Daily Tech Analysis – October 16th, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Pound It’s a relatively quiet day ahead on the economic calendar. With the markets looking ahead to NFP numbers on Friday, expect market interest in today’s numbers. This article was originally posted on FX Empire More From FXEMPIRE: Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 16th, 2021 Silver Bearish Again After Rallying Against The Greenback On Thursday Shiba Inu – Daily Tech Analysis – October 16th, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - Earlier in the Day: It was a relatively quiet start to the day on the economic calendar this morning. At the time of writing, the Kiwi Dollar was up by 0.16% to $0.69672, ahead of the RBNZ press conference. The Day Ahead For the EUR It’s a relatively busy day ahead on the economic calendar. | At the time of writing, the Kiwi Dollar was up by 0.16% to $0.69672, ahead of the RBNZ press conference. At the time of writing, the EUR was down by 0.03% to $1.1595. At the time of writing, the Loonie was down by 0.03% to C$1.2587 against the U.S Dollar. | 374a9642-413c-4657-8bd9-d6c37fdb4f9a |
708946.0 | 2021-10-02 00:00:00 UTC | The Week Ahead – Monetary Policy, Service Sector PMIs, and U.S Nonfarm Payrolls Key Drivers | DBO | https://www.nasdaq.com/articles/the-week-ahead-monetary-policy-service-sector-pmis-and-u.s-nonfarm-payrolls-key-drivers | nan | nan | FXEmpire.com -
On the Macro
It’s a quieter but important week ahead on the economic calendar, with 44 stats in focus in the week ending 8th October. In the week prior, 65 stats had also been in focus.
For the Dollar:
Factory orders and ISM Non-Manufacturing PMIs will be in focus early in the week. Expect the all-important Non-Manufacturing ISM PMI to be the key driver.
On Wednesday, ADP nonfarm employment change figures will draw interest ahead of weekly jobless claims on Thursday.
Nonfarm payrolls on Friday will be the key stats of the week, however. Another spike and the markets will consider it to be a green light for the FED to make its first move. In the week ending 1st October, the Dollar Spot Index rose by 0.76% to 94.035.
For the EUR:
It’s a relatively busy week on the economic data front.
Service sector PMIs for Italy and Spain and finalized PMIs for France, Germany and the Eurozone are due out on Tuesday.
Barring marked revisions to prelim figures, expect the Eurozone’s services and composite to be key.
Through the remainder of the week, the German economy will be in the spotlight.
Factory orders, industrial production, and trade data are due out Wednesday through Friday.
Retail sales figures for the Eurozone due out on Wednesday should have a muted impact on the majors, however.
For the week, the EUR slid by 1.06% to $1.1596.
For the Pound:
It’s a relatively quiet week ahead on the economic calendar.
Key stats include finalized September service sector PMI numbers due out on Tuesday. Labor productivity figures for Q2 are also due out but should have a muted impact on the Pound.
The Pound ended the week down by 0.96% to $1.3546.
For the Loonie:
It’s a busier week ahead on the economic calendar.
Trada data and Ivey PMI figures will be in focus on Tuesday and Thursday.
Employment numbers due out on Friday will be the key stats of the week, however.
On the oil front, expect updates from OPEC’s meeting in the early part of the week to also influence crude oil prices and the Loonie.
The Loonie ended the week up 0.03% to C$1.2648 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
It’s a relatively quiet week.
Economic data is limited to trade data due out on Tuesday. The stats coincide with the RBA monetary policy decision, which will be the main event of the week, however.
Away from theeconomic calendar updates on government plans vis-à-vis lockdown measures will also be key.
The Aussie Dollar ended the week down by 0.06% to $0.7258.
For the Kiwi Dollar:
It’s another quiet week ahead.
Economic data is limited to business confidence figures due out on Tuesday.
Following the RBNZ’s last minute decision to hold cash rates unchanged, however, Wednesday’s monetary policy decision will be key.
With containment measures still in place and economic indicators reflecting the impact of lockdown measures, forward guidance will be key.
The Kiwi Dollar ended the week down by 0.96% to $0.6948.
For the Japanese Yen:
Inflation figures are due out in the first half of the week along with finalized service sector PMI numbers.
Expect any revision to prelim PMI numbers to have a greater impact.
Late in the week, household spending will draw plenty of interest, however.
The Japanese Yen fell by 0.29% to ¥111.05 against the U.S Dollar.
Out of China
It’s a particularly quiet week ahead on theeconomic calendar
Economic data is limited to Caixin Service PMI numbers. With little else for the markets to consider, expect the numbers to influence market risk sentiment.
The Chinese Yuan ended the week up by 0.33% to CNY6.4448 against the U.S Dollar.
Geo-Politics
Nothing new to consider in the week ahead, with political wrangling on Capitol Hill grabbing the headlines for now.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Wednesday, ADP nonfarm employment change figures will draw interest ahead of weekly jobless claims on Thursday. Out of China It’s a particularly quiet week ahead on theeconomic calendar Economic data is limited to Caixin Service PMI numbers. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 11th, 2021 Best Stocks, Crypto, and ETFs to Watch This Week USD/JPY Forex Technical Analysis – Multi-Year High at 112.405 Next Trigger Point for Upside Breakout The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - On the Macro It’s a quieter but important week ahead on the economic calendar, with 44 stats in focus in the week ending 8th October. Key stats include finalized September service sector PMI numbers due out on Tuesday. Out of China It’s a particularly quiet week ahead on theeconomic calendar Economic data is limited to Caixin Service PMI numbers. | FXEmpire.com - On the Macro It’s a quieter but important week ahead on the economic calendar, with 44 stats in focus in the week ending 8th October. For the Japanese Yen: Inflation figures are due out in the first half of the week along with finalized service sector PMI numbers. Out of China It’s a particularly quiet week ahead on theeconomic calendar Economic data is limited to Caixin Service PMI numbers. | Key stats include finalized September service sector PMI numbers due out on Tuesday. The Loonie ended the week up 0.03% to C$1.2648 against the U.S Dollar. Out of China It’s a particularly quiet week ahead on theeconomic calendar Economic data is limited to Caixin Service PMI numbers. | 9cc911fa-cfb1-4faf-9cae-19857b854ea9 |
708947.0 | 2021-09-28 00:00:00 UTC | A Quiet Economic Calendar Leaves Central Bank Chatter and Capitol Hill in Focus | DBO | https://www.nasdaq.com/articles/a-quiet-economic-calendar-leaves-central-bank-chatter-and-capitol-hill-in-focus-2021-09-28 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a particularly quiet start to the day on the economic calendar this morning. There were no major stats to provide the majors with direction in the early hours.
The Majors
At the time of writing, the Japanese Yen was flat at ¥111.500 against the U.S Dollar, while the Kiwi Dollar was up by 0.03% to $0.6959. The Aussie Dollar was up by 0.07% to $0.7241.
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic calendar. Prelim September inflation figures for Spain are due out in the early part of the day.
With market sentiment towards interest rates still key, we can expect some influence from the numbers. The stats are unlikely to be long-lasting, however, with all eyes on the U.S.
At the time of writing, the EUR was flat at $1.1683.
For the Pound
It’s a particularly quiet day ahead on the economic calendar.
There are no material stats due out of the UK to provide the direction, leaving the Pound in the hands of market risk sentiment.
Following Tuesday’s tumble in response to Governor Bailey comments, Pound sensitivity to further central bank chatter will remain.
At the time of writing, the Pound was up by 0.02% to $1.3540.
Across the Pond
It’s a relatively quiet day ahead. Pending home sales figures for August are due out late in the day.
Don’t expect the numbers to influence, however, as the markets continue to grapple with the FOMC hawks.
From Capitol Hill, the markets will also be looking for progress towards averting a shutdown and default.
On Tuesday, the U.S Dollar Spot Index rose by 0.36% to end the day at 93.723.
For the Loonie
It’s a relatively quiet day ahead for the Loonie. RMPI figures for August are due out along with crude oil inventory numbers.
While both sets of numbers to influence, market risk sentiment will remain key following Tuesday’s risk aversion.
At the time of writing, the Loonie was down by 0.01% to C$1.2688 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | There are no material stats due out of the UK to provide the direction, leaving the Pound in the hands of market risk sentiment. Following Tuesday’s tumble in response to Governor Bailey comments, Pound sensitivity to further central bank chatter will remain. This article was originally posted on FX Empire More From FXEMPIRE: Economic Data Puts the EUR and the Greenback in Focus, with U.S Jobs Data Key GBP/USD Daily Forecast – U.S. Dollar Attempts To Rebound Against British Pound Silver Price Prediction – Prices Consolidate as Dollar Gains Toe Hold The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. For the Pound It’s a particularly quiet day ahead on the economic calendar. While both sets of numbers to influence, market risk sentiment will remain key following Tuesday’s risk aversion. | The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. For the Pound It’s a particularly quiet day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: Economic Data Puts the EUR and the Greenback in Focus, with U.S Jobs Data Key GBP/USD Daily Forecast – U.S. Dollar Attempts To Rebound Against British Pound Silver Price Prediction – Prices Consolidate as Dollar Gains Toe Hold The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Majors At the time of writing, the Japanese Yen was flat at ¥111.500 against the U.S Dollar, while the Kiwi Dollar was up by 0.03% to $0.6959. While both sets of numbers to influence, market risk sentiment will remain key following Tuesday’s risk aversion. At the time of writing, the Loonie was down by 0.01% to C$1.2688 against the U.S Dollar. | 84a04c55-9632-48a5-99f7-2a6712d78967 |
708948.0 | 2021-09-26 00:00:00 UTC | Central Bank Chatter and U.S Economic Data Put the EUR, GBP, and the USD in Focus | DBO | https://www.nasdaq.com/articles/central-bank-chatter-and-u.s-economic-data-put-the-eur-gbp-and-the-usd-in-focus-2021-09-27 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was particularly quiet start to the day on the economic calendar this morning. There were no material stats to provide the majors with direction, leaving news updates on Evergrande to test support for riskier assets.
For the Majors
At the time of writing, the Japanese Yen was up by 0.01% to ¥110.720 against the U.S Dollar, with the Aussie Dollar up by 0.21% to $0.7277. The Kiwi Dollar was up by 0.10% to $0.7022.
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic calendar. There were no material stats to provide the EUR with direction.
While there are no stats, ECB President Lagarde is scheduled to speak later in the day, which could move the dial.
At the time of writing, the EUR was down by 0.01% to $1.1719.
For the Pound
It’s a particularly quiet day ahead on the economic calendar.
There are no material stats due out of the UK to provide the direction, leaving the Pound in the hands of market risk sentiment.
Late in the U.S session, BoE Governor Bailey is scheduled to speak. Expect any hawkish chatter to support the Pound.
At the time of writing, the Pound was down by 0.07% to $1.3669.
Across the Pond
It’s a relatively quiet day ahead. Durable and core durable goods orders will be in focus later in the day.
With the markets looking for the U.S economy to continue to gather pace, we can expect sensitivity to the numbers.
On the monetary policy front, FOMC member chatter will also draw attention. FOMC members Williams and Brainard are scheduled to speak late in the day.
At the time of writing, the U.S Dollar Spot Index was down by 0.07% to $93.264.
For the Loonie
It’s a particularly quiet day ahead for the Loonie. There are no material stats due out of Canada later today.
The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices.
At the time of writing, the Loonie was up by 0.14% to C$1.2634 against the U.S Dollar
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | There were no material stats to provide the majors with direction, leaving news updates on Evergrande to test support for riskier assets. There are no material stats due out of the UK to provide the direction, leaving the Pound in the hands of market risk sentiment. This article was originally posted on FX Empire More From FXEMPIRE: Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 4th, 2021 EUR/USD Daily Forecast – Another Test Of Resistance At 1.1610 Bitcoin and Ethereum – Weekly Technical Analysis – October 4th, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the direction, leaving the Pound in the hands of market risk sentiment. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices. | FXEmpire.com - Earlier in the Day: It was particularly quiet start to the day on the economic calendar this morning. The Day Ahead For the EUR It’s a quiet day ahead on the economic calendar. At the time of writing, the Loonie was up by 0.14% to C$1.2634 against the U.S Dollar For a look at all of today’s economic events, check out our economic calendar. | There are no material stats due out of the UK to provide the direction, leaving the Pound in the hands of market risk sentiment. Expect any hawkish chatter to support the Pound. At the time of writing, the Loonie was up by 0.14% to C$1.2634 against the U.S Dollar For a look at all of today’s economic events, check out our economic calendar. | 365de3d5-3b6e-4985-857e-d557f6371f76 |
708949.0 | 2021-09-23 00:00:00 UTC | Economic Data and Central Bank Chatter Put the EUR and the Dollar in Focus | DBO | https://www.nasdaq.com/articles/economic-data-and-central-bank-chatter-put-the-eur-and-the-dollar-in-focus-2021-09-24 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was relatively busy start to the day on the economic calendar this morning. The Kiwi Dollar and the Japanese Yen were in action this morning.
For the Kiwi Dollar
Trade figures were in focus in the early hours.
In August, New Zealand’s trade deficit widened from NZ$397m to NZ$2,144m. Year-on-year, the deficit widened from NZ$1,100m to NZ$2,940m.
According to NZ Stats,
Imports rose by NZ$1.08bn, compared with August 2020, leading to a record monthly trade deficit.
Exports were little changed, falling by NZ$42m.
Vehicles, parts, & accessories imports were up NZ$415m, with mechanical machinery & equipment up NZ$223m.
Petroleum & petrol product imports increased by NZ$207m.
The Kiwi Dollar moved from $0.70713 to $0.70704 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.11% to $0.7077.
For the Japanese Yen
In August, core consumer prices remained unchanged in August, year-on-year, which was in line with forecasts. Core consumer prices had fallen by 0.2%, year-on-year, in July.
Of greater significance were prelim private sector PMIs.
In September, the Services PMI rose from 43.5 to 47.4, while the Manufacturing PMI declined from 52.7 to 51.2.
The Japanese Yen moved from ¥110.402 to ¥110.408 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.05% to ¥109.380 against the U.S Dollar.
Elsewhere
At the time of writing, the Aussie Dollar was up by 0.23% to $0.7312.
The Day Ahead
For the EUR
It’s a quieter day ahead on the economic calendar. Business sentiment figures for Germany will be in focus in the early part of the European session.
Following the disappointing PMI numbers from Thursday, a larger than expected decline would test support for the EUR.
At the time of writing, the EUR was up by 0.07% to $1.1747.
For the Pound
It’s a particularly quiet day ahead on the economic calendar.
There are no material stats due out of the UK to provide the Pound with direction.
Following the BoE’s more hawkish stance on Thursday, risk sentiment would need to deteriorate to weaken the Pound.
At the time of writing, the Pound was up by 0.12% to $1.3736.
Across the Pond
It’s a relatively quiet day ahead. Key stats include new home sales figures, which should have a muted impact on the Dollar.
FED Chair Powell and other FOMC member are scheduled to speak later in the day, however, and could move the dial.
At the time of writing, the U.S Dollar Spot Index was down by 0.02% to $93.063.
For the Loonie
It’s a particularly quiet day ahead for the Loonie. There are no material stats due out of Canada later today.
The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices.
At the time of writing, the Loonie was up by 0.08% to C$1.2645 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Following the disappointing PMI numbers from Thursday, a larger than expected decline would test support for the EUR. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices. This article was originally posted on FX Empire More From FXEMPIRE: Price of Gold Fundamental Daily Forecast – Rally Seems Overcooked Relative to Dip in Treasury Yields A Busy Economic Calendar Puts the EUR and the Greenback in Focus as the Pound Struggles GBP/USD Daily Forecast – Test Of Support At 1.3450 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to NZ Stats, Imports rose by NZ$1.08bn, compared with August 2020, leading to a record monthly trade deficit. For the Japanese Yen In August, core consumer prices remained unchanged in August, year-on-year, which was in line with forecasts. This article was originally posted on FX Empire More From FXEMPIRE: Price of Gold Fundamental Daily Forecast – Rally Seems Overcooked Relative to Dip in Treasury Yields A Busy Economic Calendar Puts the EUR and the Greenback in Focus as the Pound Struggles GBP/USD Daily Forecast – Test Of Support At 1.3450 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to NZ Stats, Imports rose by NZ$1.08bn, compared with August 2020, leading to a record monthly trade deficit. The Day Ahead For the EUR It’s a quieter day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: Price of Gold Fundamental Daily Forecast – Rally Seems Overcooked Relative to Dip in Treasury Yields A Busy Economic Calendar Puts the EUR and the Greenback in Focus as the Pound Struggles GBP/USD Daily Forecast – Test Of Support At 1.3450 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Kiwi Dollar Trade figures were in focus in the early hours. For the Pound It’s a particularly quiet day ahead on the economic calendar. At the time of writing, the Pound was up by 0.12% to $1.3736. | a979445b-9b6e-48d6-a5f2-5b3cfb6ce05e |
708950.0 | 2021-09-21 00:00:00 UTC | It’s all Eyes on the FOMC, the Economic and Interest Rate Projections… | DBO | https://www.nasdaq.com/articles/its-all-eyes-on-the-fomc-the-economic-and-interest-rate-projections...-2021-09-21 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a particularly quiet start to the day on the economic calendar this morning. There were no major stats from the Asian session to provide the markets with direction.
While there were no stats, the BoJ is in action later this morning. The markets are not expecting any surprises, however, leaving the FOMC policy decision and projections in focus.
For the Majors
At the time of writing, the Japanese Yen was down by 0.02% to ¥109.250 against the U.S Dollar, with the Aussie Dollar up by 0.04% to $0.7234. The Kiwi Dollar was up by 0.01% to $0.7006.
The Day Ahead
For the EUR
It’s another particularly quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction.
The lack of stats will leave the EUR in the hands of market risk appetite and sentiment towards FED monetary policy and projections due late in the day.
At the time of writing, the EUR was down by 0.01% to $1.1725.
For the Pound
It’s also a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of market risk sentiment, though there will be some consideration of Thursday’s MPC policy decision. Ahead of the disappointing retail sales figures, economic data had pointed towards a more hawkish MPC…
At the time of writing, the Pound was up by 0.02% to $1.3662.
Across the Pond
It’s also a relatively quiet day ahead. Housing sector numbers for August are due out later in the day.
We don’t expect the numbers to influence, however. The market focus will be on the FOMC monetary policy decision, projections, and the press conference.
Key areas of focus will include the timing and size of a tapering of the asset purchasing program and interest rate projections. Will the FED be looking to lift cash rates earlier than previously expected?
On Tuesday, the U.S Dollar Spot Index fell by 0.08% to end the day at $93.204.
For the Loonie
It’s a quiet day ahead for the Loonie. There are no material stats due out of Canada to provide the Loonie with direction.
Crude oil inventories and market risk sentiment will remain the key drivers on the day.
Political uncertainty, following the early election, appeared to be of little concern as Trudeau fell short of a majority.
At the time of writing, the Loonie was up by 0.05% to C$1.2814 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The lack of stats will leave the EUR in the hands of market risk appetite and sentiment towards FED monetary policy and projections due late in the day. The lack of stats will leave the Pound in the hands of market risk sentiment, though there will be some consideration of Thursday’s MPC policy decision. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 29th, 2021 USD/CAD Exchange Rate Prediction – The Dollar Rallies as Yield Differential Favors the Greenback Wall Street Stumbles on Rising Treasury Yields, Inflation Worries The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The lack of stats will leave the EUR in the hands of market risk appetite and sentiment towards FED monetary policy and projections due late in the day. The lack of stats will leave the Pound in the hands of market risk sentiment, though there will be some consideration of Thursday’s MPC policy decision. The market focus will be on the FOMC monetary policy decision, projections, and the press conference. | FXEmpire.com - Earlier in the Day: It was a particularly quiet start to the day on the economic calendar this morning. The Day Ahead For the EUR It’s another particularly quiet day ahead on the economic calendar. The lack of stats will leave the EUR in the hands of market risk appetite and sentiment towards FED monetary policy and projections due late in the day. | FXEmpire.com - Earlier in the Day: It was a particularly quiet start to the day on the economic calendar this morning. The Day Ahead For the EUR It’s another particularly quiet day ahead on the economic calendar. The lack of stats will leave the EUR in the hands of market risk appetite and sentiment towards FED monetary policy and projections due late in the day. | d4c079e6-5c92-4dc7-a8b3-3678cd90a290 |
708951.0 | 2021-09-20 00:00:00 UTC | Another Quiet Day on the Economic Calendar Leaves the FED and Risk Sentiment in the Driving Seat | DBO | https://www.nasdaq.com/articles/another-quiet-day-on-the-economic-calendar-leaves-the-fed-and-risk-sentiment-in-the | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning, with the China markets closed today. The Kiwi Dollar was in action in the early hours, however.
Later this morning, the RBA meeting minutes will also draw interest as the markets look to assess the impact of the latest lockdown measures on policy.
For the Kiwi Dollar
Consumer sentiment figures were in focus.
In the 3rd quarter, the Westpac Consumer Sentiment Index fell from 107.1 to 102.7.
According to the Westpac survey,
Confidence took a hit, with the index falling by 4.4 points as a result of the latest nationwide lockdown.
The decline was more modest, however, than the fall seen back in 2020.
While households remain secure about their personal financial situation, global supply chain disruption weighed on spending appetites.
The sub-components:
The Present Conditions Index fell by 2.7 points to 95.6, with the Expected Conditions Index down 5.5 points to 107.4.
1-year economic outlook tumbled by 10.0 points to -5.6, with the “Good time to buy” sub-index falling by 7.2 points to -5.2.
5-year economic outlook fell by 6.2 points to 11.5, while the current financial situation sub-index rose by 1.8 points to -3.6.
Expected financial situation saw a modest 0.6 point decline to 16.1.
The Kiwi Dollar moved from $0.70293 to $0.70260 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.26% to $0.7009.
Elsewhere
At the time of writing, the Japanese Yen was up by 0.05% to ¥109.390 against the U.S Dollar, with the Aussie Dollar up by 0.06% to $0.7256.
The Day Ahead
For the EUR
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction.
The lack of stats will leave the EUR in the hands of market risk appetite and sentiment towards FED monetary policy.
At the time of writing, the EUR was flat at $1.1726.
For the Pound
It’s a relatively quiet day ahead on the economic calendar. CBI Industrial Trend Orders for September are due out later today. With little else for the markets to consider, we can expect influence. The impact will be limited, however, with the Pound on the defensive ahead of Thursday’s policy decision.
At the time of writing, the Pound was up by 0.01% to $1.3658.
Across the Pond
It’s also a relatively quiet day ahead. Housing sector numbers for August are due out later in the day. With the markets focused on the FED, however, the stats are unlikely to have an impact on the day.
On Monday, the U.S Dollar Spot Index rose by 0.09% to end the day at $93.276.
For the Loonie
It’s a quiet day ahead for the Loonie. House price figures for August are due out later in the day.
We don’t expect the numbers to provide the Loonie with direction, however. Market risk sentiment will and crude oil prices will remain the key drivers on the day.
At the time of writing, the Loonie was up by 0.05% to C$1.2815 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Later this morning, the RBA meeting minutes will also draw interest as the markets look to assess the impact of the latest lockdown measures on policy. While households remain secure about their personal financial situation, global supply chain disruption weighed on spending appetites. The lack of stats will leave the EUR in the hands of market risk appetite and sentiment towards FED monetary policy. | In the 3rd quarter, the Westpac Consumer Sentiment Index fell from 107.1 to 102.7. The sub-components: The Present Conditions Index fell by 2.7 points to 95.6, with the Expected Conditions Index down 5.5 points to 107.4. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Price Forecast – Stock Markets Continue to Look for Support Underneath Gold Price Forecast – Gold Markets Break Through Support Crude Oil Price Forecast – Crude Oil Markets Trying to Discover Gravity The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - Earlier in the Day: It was a relatively quiet start to the day on the economic calendar this morning, with the China markets closed today. The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Price Forecast – Stock Markets Continue to Look for Support Underneath Gold Price Forecast – Gold Markets Break Through Support Crude Oil Price Forecast – Crude Oil Markets Trying to Discover Gravity The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Kiwi Dollar Consumer sentiment figures were in focus. Expected financial situation saw a modest 0.6 point decline to 16.1. House price figures for August are due out later in the day. | 8589ec70-8e98-47ac-9e90-99be577da818 |
708952.0 | 2021-09-19 00:00:00 UTC | A Quiet Economic Calendar Leaves the Dollar in the Spotlight | DBO | https://www.nasdaq.com/articles/a-quiet-economic-calendar-leaves-the-dollar-in-the-spotlight-2021-09-19 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. With the China and Japan markets closed today, there were no material stats for the markets to consider in the early hours.
The lack of stats left the markets to respond to moves through the U.S session on Friday, which had left riskier assets in the red.
For the Majors
At the time of writing, the Japanese Yen was down by 0.05% to ¥109.990 against the U.S Dollar, with the Aussie Dollar down by 0.25% to $0.7261. The Kiwi Dollar was down by 0.17% to $0.7028.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic calendar. Wholesale inflation figures for Germany are due out later today.
Barring a marked spike, however, we don’t expect the August figures to have a material impact on the EUR.
At the time of writing, the EUR was down by 0.01% to $1.1724.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of market risk sentiment as the markets look ahead to Thursday’s MPC decision.
At the time of writing, the Pound was down by 0.12% to $1.3725.
Across the Pond
It’s also particularly quiet day ahead. There are no material stats due out to provide the Dollar and the broader markets with direction.
The lack of stats will leave the markets to continue to focus on the FOMC and what to expect on Wednesday.
The U.S Dollar Spot Index ended Friday up 0.28% to $93.195.
For the Loonie
It’s a particularly quiet day ahead for the Loonie, however. There are no major stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment.
At the time of writing, the Loonie was down by 0.06% to C$1.2774 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Barring a marked spike, however, we don’t expect the August figures to have a material impact on the EUR. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment. This article was originally posted on FX Empire More From FXEMPIRE: Oil Price Fundamental Weekly Forecast – Supply Driven Rally so API, EIA Numbers Take on Greater Importance Crude Oil Price Update – Strong Upside Momentum but Bulls Facing Wall of Resistance from $74.77 to $76.98 Daily Gold News: Monday, Sep. 27 – Gold Remains Close to $1,750 Price Level The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic calendar. The lack of stats will leave the Pound in the hands of market risk sentiment as the markets look ahead to Thursday’s MPC decision. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic calendar. The lack of stats will leave the Pound in the hands of market risk sentiment as the markets look ahead to Thursday’s MPC decision. There are no material stats due out to provide the Dollar and the broader markets with direction. | The lack of stats will leave the Pound in the hands of market risk sentiment as the markets look ahead to Thursday’s MPC decision. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment. At the time of writing, the Loonie was down by 0.06% to C$1.2774 against the U.S Dollar. | 06dff001-da2a-4659-93bd-bc76b0e9c843 |
708953.0 | 2021-09-16 00:00:00 UTC | UK Retail Sales Puts the Pound in the Spotlight | DBO | https://www.nasdaq.com/articles/uk-retail-sales-puts-the-pound-in-the-spotlight-2021-09-16 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. The Kiwi Dollar was back in action this morning.
For the Kiwi Dollar
Business PMI figures were in focus in the early hours.
In August, the Business PMI tumbled from 62.6 to 40.1. The PMI had risen from 60.7 to 62.6 in July.
According to the August survey,
Down by 22.1 points from July, the PMI avoided a fall to sub-30 levels seen amidst the level 4 lockdown of 2020.
The production sub-index took the biggest hit, slumping from 63.9 to 27.7.
New orders fell from 63.7 to 44.4, with deliveries and finished stocks also falling below the 50 mark.
By contrast, the employment sub-index saw a more modest fall from 57.9 to 54.5.
The Kiwi Dollar moved from $0.70726 to $0.70715 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.01% to $0.7074.
Elsewhere
At the time of writing, the Japanese Yen was flat at ¥109.730 against the U.S Dollar, while the Aussie Dollar was up by 0.04% to $0.7295.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic calendar. Finalized August inflation figures for the Eurozone are due out later today.
With little else for the markets to consider, expect any upward revisions to influence the EUR.
At the time of writing, the EUR was down by 0.02% to $1.1765.
For the Pound
It’s a busy day ahead on the economic calendar. Retail sales figures for August are due out later this morning.
With the markets looking ahead to next week’s BoE monetary policy decision, we can expect Pound sensitivity to the numbers.
Following a pickup in inflationary pressure and better than expected employment figures, positive numbers would suggest a more hawkish MPC.
At the time of writing, the Pound was up by 0.02% to $1.3798.
Across the Pond
It’s a relatively quiet day ahead. Michigan consumer sentiment and expectation figures are due out later today.
With market sensitivity to consumer sentiment heighted as a result of the Delta variant, expect the numbers to influence market risk sentiment.
The U.S Dollar Spot Index ended Thursday up 0.41% to $92.932.
For the Loonie
It’s a particularly quiet day ahead for the Loonie, however. There are no major stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment.
At the time of writing, the Loonie was up by 0.02% to C$1.2681 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | With the markets looking ahead to next week’s BoE monetary policy decision, we can expect Pound sensitivity to the numbers. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Prediction – Prices Rally on Warm Weather Forecast Carnival Shares Climb Over 4% As Revenue Tops Estimates, Bookings Recovery Helps USD/CAD Daily Forecast – Strong Oil Provides Some Support To Canadian Dollar The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Kiwi Dollar Business PMI figures were in focus in the early hours. With market sensitivity to consumer sentiment heighted as a result of the Delta variant, expect the numbers to influence market risk sentiment. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment. | For the Kiwi Dollar Business PMI figures were in focus in the early hours. Elsewhere At the time of writing, the Japanese Yen was flat at ¥109.730 against the U.S Dollar, while the Aussie Dollar was up by 0.04% to $0.7295. The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic calendar. | By contrast, the employment sub-index saw a more modest fall from 57.9 to 54.5. For the Pound It’s a busy day ahead on the economic calendar. At the time of writing, the Loonie was up by 0.02% to C$1.2681 against the U.S Dollar. | 2636646b-42d2-4f45-9773-9c5812b4f794 |
708954.0 | 2021-09-16 00:00:00 UTC | An ETF to Consider As Energy Commodities Shine During Inflation | DBO | https://www.nasdaq.com/articles/an-etf-to-consider-as-energy-commodities-shine-during-inflation-2021-09-16 | nan | nan | What commodity works best during an inflationary period? It's not gold or an agricultural commodity, but research shows that energy can actually thrive amid inflation.
"That’s the conclusion of a research paper written by researchers at hedge fund giant Man Group led by Henry Neville, as well as famed Duke University finance professor Campbell Harvey," a MarketWatch report said.
"The best performing asset class during eight U.S. inflationary regimes was energy commodities — the Arab oil embargo period makes an outsize impact — but from there, trend strategies produced gains of up to 25% a year," the report added.
ETF investors can get this hedging component with funds like the Invesco DB Energy Fund (DBE). DBE seeks to track the DBIQ Optimum Yield Energy Index Excess Return, which is intended to reflect the changes in market value of the energy sector.
The index commodities consist of light, sweet crude oil (WTI), heating oil, Brent crude oil, RBOB gasoline, and natural gas. The fund invests in futures contracts in an attempt to track its index.
"Energy stocks have a nice track record of performance during periods of rising consumer prices," a Forbes article explained, noting various sectors that are ideal plays during inflationary periods. "While expanding economies should bode well for oil demand and pricing, big oil companies also have high operating leverage which helps them deliver higher profit as revenue grows."
Targeting Oil Directly
For investors who want to target rising oil prices directly as an inflation hedge, there's an ETF for that as well. As fuel demand continues to soar and push oil prices higher, short-term investors and traders alike can take advantage of the Invesco DB Oil Fund (DBO).
DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Furthermore, investors do not hold direct exposure to the heavy price volatility of holding positions directly in the commodity itself.
Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. The single index commodity consists of light, sweet crude oil (WTI), and the fund invests in futures contracts in an attempt to track its corresponding index.
For more news, information, and strategy, visit the Innovative ETFs Channel.
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As fuel demand continues to soar and push oil prices higher, short-term investors and traders alike can take advantage of the Invesco DB Oil Fund (DBO). DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. | Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. As fuel demand continues to soar and push oil prices higher, short-term investors and traders alike can take advantage of the Invesco DB Oil Fund (DBO). DBO provides the perfect opportunity to get exposure to the current upside in oil prices. | Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. As fuel demand continues to soar and push oil prices higher, short-term investors and traders alike can take advantage of the Invesco DB Oil Fund (DBO). DBO provides the perfect opportunity to get exposure to the current upside in oil prices. | As fuel demand continues to soar and push oil prices higher, short-term investors and traders alike can take advantage of the Invesco DB Oil Fund (DBO). Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. DBO provides the perfect opportunity to get exposure to the current upside in oil prices. | 95a88e54-3b73-49e7-8539-2e2a3406e262 |
708955.0 | 2021-09-12 00:00:00 UTC | A Quiet Economic Calendar to Test Risk Sentiment and Dollar Appetite | DBO | https://www.nasdaq.com/articles/a-quiet-economic-calendar-to-test-risk-sentiment-and-dollar-appetite-2021-09-13 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. There were no majors stats for the markets to consider in the early hours.
The Majors
At the time of writing, the Japanese Yen was up by 0.03% to ¥109.910 against the U.S Dollar, with the Aussie Dollar up by 0.12% to $0.7365. The Kiwi Dollar was up by 0.04% to $0.7113.
The Day Ahead
For the EUR
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out to provide the EUR with direction.
The lack of stats will leave the EUR in the hands of market risk sentiment on the day.
At the time of writing, the EUR was down by 0.03% to $1.1811.
For the Pound
It’s also a particularly day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
At the time of writing, the Pound was down by 0.01% to $1.3838.
Across the Pond
There are no major stats due out of the U.S to provide the Dollar and the broader market with direction later in the day.
The lack of stats will leave the Dollar in the hands of market risk sentiment on the day. COVID-19 news updates and geopolitics will remain key drivers on the day.
At the time of writing, the U.S Dollar Spot Index was up by 0.06% to 92.641.
For the Loonie
It’s a quiet day ahead for the Loonie.
There are no major stats due out of Canada to provide the Loonie with direction. While there are no stats to consider, OPEC’s monthly report and impact on crude oil prices will influence.
At the time of writing, the Loonie was up by 0.10% to C$1.2679 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The lack of stats will leave the EUR in the hands of market risk sentiment on the day. Across the Pond There are no major stats due out of the U.S to provide the Dollar and the broader market with direction later in the day. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD: Loonie Hits Over One-Month Low on Subdued Oil Prices, Election Uncertainties Natural Gas Price Fundamental Daily Forecast – Weaker on Forecasts Calling for Lower Cooling Demand S&P 500 Price Forecast – Stock Markets Break Trendline The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | There are no material stats due out to provide the EUR with direction. The lack of stats will leave the EUR in the hands of market risk sentiment on the day. The lack of stats will leave the Dollar in the hands of market risk sentiment on the day. | The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. Across the Pond There are no major stats due out of the U.S to provide the Dollar and the broader market with direction later in the day. The lack of stats will leave the Dollar in the hands of market risk sentiment on the day. | The Day Ahead For the EUR It’s a particularly quiet day ahead on the economic calendar. Across the Pond There are no major stats due out of the U.S to provide the Dollar and the broader market with direction later in the day. At the time of writing, the Loonie was up by 0.10% to C$1.2679 against the U.S Dollar. | 87cd52da-d0bf-4cd0-812a-5057e5c9a7e0 |
708956.0 | 2021-09-06 00:00:00 UTC | Economic Data Puts the EUR back into Focus, with the RBA and the Aussie also in the Spotlight | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-back-into-focus-with-the-rba-and-the-aussie-also-in-the | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busy start to the day on the economic calendar this morning. The Pound and the Japanese Yen were in action in the early hours, with economic data from China in focus. Later this morning, the RBA will deliver its September policy decision amidst rising COVID-19 cases in the country
For the Japanese Yen
Household spending fell by 0.70% in July, month-on-month, following a 3.2% slide in June. Economists had forecast a 1.1% increase. Year-on-year, household spending was up 0.70% versus a forecasted 0.10% increase. In June, household spending had been down by 5.10%, year-on-year.
According to the Statistic Bureau,
Spending on transportation & communication surged by 14.2%.
There were also increases in spending on food (+1.9%), clothing & footwear (+2.7%), and culture & recreation (+1.7%).
Spending on education and on furniture & household utensils slid by 9.9% and by 8.4% respectively, however.
There were also declines in spending on medical care (-7.0%), fuel, light, & water charges (-5.9%), and housing (-1.7%).
The Japanese Yen moved from ¥109.835 to ¥109.827 upon release of the figures. At the time of writing, the Japanese Yen was up by 0.08% to ¥109.770 against the U.S Dollar.
From China
Trade data was in focus this morning.
In August, China’s USD trade surplus widened from US$56.59bn to US$58.35bn. Economists had forecast a narrowing to US$51.05bn.
Imports increased by 33.1%, year-on-year, versus a forecasted 26.8%. In July, imports had been up by 28.1% year-on-year.
Exports were up by 25.6%, year-on-year, versus a forecasted 17.1%. In June, exports had been up 19.3% year-on-year.
The Aussie Dollar moved from $0.74484 to $0.74441 upon release of the figures. At the time of writing, the Aussie Dollar was flat at $0.7439.
Elsewhere
The Kiwi Dollar was up by 0.01% to $0.7137.
The Day Ahead
For the EUR
It’s a busy day ahead on the economic data front. German industrial production figures are due out along with 2nd quarter GDP numbers for the Eurozone.
ZEW Economic Sentiment figures for Germany and the Eurozone will also influence.
At the time of writing, the EUR was up by 0.08% to $1.1880.
For the Pound
It’s a quiet day ahead on the economic calendar. Housing sector numbers for August are due out that will likely have a muted impact on the Pound.
Earlier in the day, BRC Retail Sales Monitor increased by 1.5%, year-on-year, in August. In July, the Monitor had been up by 4.7%.
At the time of writing, the Pound was up by 0.09% to $1.3850.
Across the Pond
There are no stats due out of the U.S to provide the markets with direction following the Labor Day holiday.
At the time of writing, the U.S Dollar Spot Index was up by 0.09% to 92.118.
For the Loonie
There are also no stats due out of Canada following the Labor Day holiday. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices, with China’s trade data likely to set the tone.
At the time of writing, the Loonie was up by 0.06% to C$1.2526 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Pound and the Japanese Yen were in action in the early hours, with economic data from China in focus. Later this morning, the RBA will deliver its September policy decision amidst rising COVID-19 cases in the country For the Japanese Yen Household spending fell by 0.70% in July, month-on-month, following a 3.2% slide in June. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices, with China’s trade data likely to set the tone. | The Day Ahead For the EUR It’s a busy day ahead on the economic data front. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices, with China’s trade data likely to set the tone. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Forecast – Gold Markets Choppy on Tuesday Natural Gas Price Fundamental Daily Forecast – There is Downside Risk if Hurricane Misses Key Production Areas Gold Price Prediction – Prices trade Sideways Despite a Lower Dollar The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Year-on-year, household spending was up 0.70% versus a forecasted 0.10% increase. The Day Ahead For the EUR It’s a busy day ahead on the economic data front. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Forecast – Gold Markets Choppy on Tuesday Natural Gas Price Fundamental Daily Forecast – There is Downside Risk if Hurricane Misses Key Production Areas Gold Price Prediction – Prices trade Sideways Despite a Lower Dollar The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Year-on-year, household spending was up 0.70% versus a forecasted 0.10% increase. Imports increased by 33.1%, year-on-year, versus a forecasted 26.8%. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices, with China’s trade data likely to set the tone. | 208da5e2-cbcb-4031-8b6c-11c9cd6ab288 |
708957.0 | 2021-09-05 00:00:00 UTC | Economic Data from Germany Puts the EUR in the Spotlight | DBO | https://www.nasdaq.com/articles/economic-data-from-germany-puts-the-eur-in-the-spotlight-2021-09-05 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. There were no major stats for the Asian markets to consider in the early hours. The lack of stats left the markets to respond to the U.S nonfarm payroll numbers from Friday.
The Majors
At the time of writing, the Japanese Yen was down by 0.02% to ¥109.730 against the U.S Dollar, with the Aussie Dollar down by 0.09% to $0.7453. The Kiwi Dollar was down by 0.04% to $0.7155.
The Day Ahead
For the EUR
It’s a relatively quiet start to the week on the economic data front. German factory orders are due out along with German construction PMI figures.
Following some disappointing numbers out of China last week, weak factory orders would likely test EUR support upon release.
At the time of writing, the EUR was up by 0.02% to $1.1882.
For the Pound
It’s a relatively quiet day ahead on the economic calendar. Construction sector PMI numbers for August are due out later today.
We don’t expect too much influence from the numbers, however, leaving the Pound in the hands of market risk sentiment.
At the time of writing, the Pound was down by 0.05% to $1.3864.
Across the Pond
There are no stats due out of the U.S, with the markets closed for Labor day.
At the time of writing, the U.S Dollar Spot Index was flat at 92.116.
For the Loonie
There are no stats due out of Canada, with the Canadian markets closed for Labor Day. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices.
At the time of writing, the Loonie was down by 0.03% to C$1.2528 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Following some disappointing numbers out of China last week, weak factory orders would likely test EUR support upon release. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis – Approaching Major Target Zone at 4439.50 – 4416.00 Nike Shares Fall on Global Supply Chain Woes Natural Gas Price Prediction – Prices Blast Off as Nicholas Heads to Texas The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | German factory orders are due out along with German construction PMI figures. We don’t expect too much influence from the numbers, however, leaving the Pound in the hands of market risk sentiment. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices. | FXEmpire.com - Earlier in the Day: It was a quiet start to the day on the economic calendar this morning. The Majors At the time of writing, the Japanese Yen was down by 0.02% to ¥109.730 against the U.S Dollar, with the Aussie Dollar down by 0.09% to $0.7453. For the Loonie There are no stats due out of Canada, with the Canadian markets closed for Labor Day. | The Majors At the time of writing, the Japanese Yen was down by 0.02% to ¥109.730 against the U.S Dollar, with the Aussie Dollar down by 0.09% to $0.7453. At the time of writing, the EUR was up by 0.02% to $1.1882. At the time of writing, the Loonie was down by 0.03% to C$1.2528 against the U.S Dollar. | 3f2e80a0-f775-4182-8742-0dda6023a06b |
708958.0 | 2021-09-03 00:00:00 UTC | The Weekly Wrap – A Particularly Busy Economic Calendar Left the Greenback in the Red | DBO | https://www.nasdaq.com/articles/the-weekly-wrap-a-particularly-busy-economic-calendar-left-the-greenback-in-the-red-2021 | nan | nan | FXEmpire.com -
The Stats
It was a particularly busy week on the economic calendar, in the week ending 3rd September.
A total of 80 stats were monitored, which was up from 49 stats in the week prior.
Of the 81 stats, 34 came in ahead forecasts, with 41 economic indicators coming up short of forecasts. There were 5 stats that were in line with forecasts in the week.
Looking at the numbers, 34 of the stats reflected an upward trend from previous figures. Of the remaining 46 stats, 41 reflected a deterioration from previous.
For the Greenback, FED monetary policy and economic data delivered Dollar weakness. In the week ending 3rd September, the Dollar Spot Index fell by 0.70% to 92.035. In the previous week, the Dollar had fallen by 0.88% to 92.653.
Out of the U.S
Early in the week, consumer confidence figures delivered yet more bad news. In August, the CB Consumer Confidence Index fell from 129.1 to 113.8, as the Delta variant continued to spread.
ADP nonfarm employment change figures on Wednesday also failed to impress. Nonfarm payrolls increased by 374k in August following a modest 326k rise in July.
On Thursday, jobless claim figures were somewhat better, with claims falling from 354k to 340k in the week ending 27th September.
At the end of the week, however, it was official nonfarm payroll figures that were key.
Falling well short of a forecasted 665k increase, payrolls rose by just 243k in August. In July, payrolls had jumped by 1,053k.
In spite of the weak number, the unemployment rate fell from 5.4% to 5.2% to further muddy the waters on FED policy.
From the private sector, the numbers were mixed. The ISM Manufacturing PMI rose from 59.5 to 59.9, while the all-important Non-Manufacturing PMI fell from 64.1 to 61.7.
Out of the UK
Economic data was on the lighter side once more. Finalized private sector PMIs for August disappointed in the week.
The all-important services PMI fell from 59.6 to 55.0, which was down from a prelim 55.5. Of less significance was a fall in the manufacturing PMI from 60.4 to 60.3, which was up from a prelim 60.1.
In the week, the Pound rose by 0.78% to end the week at $1.3871. In the week prior, the Pound had risen by 1.04% to $1.3764.
The FTSE100 ended the week down by 0.14%, partially reversing a 0.85% loss gain the previous week.
Out of the Eurozone
Private sector PMIs for August, French GDP, German unemployment, and prelim August inflation figures were in focus.
While inflationary pressures picked up once more in August, private sector PMIs delivered mixed results in the week.
According to prelim figures, the Eurozone’s annual rate of inflation accelerated from 2.2% to 3.0% in August. The core annual rate of inflation picked up from 0.7% to 1.6%.
French GDP numbers for the 2nd quarter were also upbeat, with the French economy expanding by 1.1% in Q2. In the previous quarter, the French economy had stagnated.
While Germany’s unemployment rate fell from 5.6% to 5.5% in July, retail sales slid by 5.1%, reversing a 4.5% increase from June. French consumer spending was also woeful, falling by 2.2%. In June, consumer spending had risen by just 0.3%.
Private sector PMIs were weaker but not weak enough to cause a stir.
The Eurozone’s composite PMI fell from 60.2 to 59.0, which was down from a prelim 59.5. In August, the Eurozone’s services PMI fell from 59.8 to 59.0, with the manufacturing PMI declining from 62.8 to 61.4.
For the week, the EUR rose by 0.83% to $1.1795. In the week prior, the EUR had fallen by 0.84% to $1.1698.
The CAC40 rose by 0.12%, while the DAX30 and the EuroStoxx600 ended the week with losses of 0.45% and 0.09% respectively.
For the Loonie
GDP and trade data were the key stats of the week.
In the 2nd quarter, the Canadian economy contracted by 0.3%, quarter-on-quarter. The economy had expanded by 0.3% in the previous quarter.
On an annualized basis, the economy contracted by 1.1% after having expanded by 5.5% in the quarter prior.
Trade figures were also weak, with the trade surplus narrowing from C$2.56bn to C$0.78bn.
While the stats were disappointing, crude oil prices held relatively steady following the previous week’s rebound, to deliver support.
In the week ending 3rd September, the Loonie rose by 0.76% to C$1.2524. In the week prior, the Loonie had rallied by 1.57% to C$1.2620.
Elsewhere
It was a bullish week for the Aussie Dollar and the Kiwi Dollar.
The Aussie Dollar rallied by 2.02% to $0.7460, with the Kiwi Dollar ending the week up by 2.10% to $0.7158.
For the Aussie Dollar
Company gross operating profits were upbeat for the 2nd quarter, surging by 7.1%. In the previous quarter, profits had fallen by 0.3%.
Private sector credit rose by 0.7% off the back of a 0.9% increase in June.
Also positive were GDP numbers for the 2nd quarter. Year-on-year, the economy grew by 9.6% compared with 1.1% in the previous quarter. Quarter-on-quarter, the economy expanded by 0.7% after having expanded by 1.8% in the quarter prior.
Trade data on Thursday were upbeat, with the trade surplus widening from A$10.496bn to A$12.117bn.
Retail sales figures were negative, however. In July, retail sales fell by 2.7%, which was in line with prelim figures. Lockdown measures weighed, with sales having fallen by 1.8% in June.
For the Kiwi Dollar
It was a relatively quiet week, with business confidence in focus.
In August, the ANZ Business Confidence Index slid from -3.8 to -14.2. While negative for the Kiwi, the markets were in forgiving mood, however. Expectations of a rebound in confidence limited the damage.
For the Japanese Yen
It was a relatively busy week, with the numbers skewed to the positive.
Retail sales rose by 2.4% in July, which followed a more modest 0.1% increase in June.
Capital spending was also on the rise. In the 2nd quarter, capital spending rose by 5.3%, year-on-year, partially reversing a 7.8% slide from the previous quarter.
Industrial production fell by a relatively modest 1.5%, however, partially reversing a 6.5% jump from June.
Service sector PMI numbers also disappointed in August, falling from 47.4 to 42.9.
The Japanese Yen rose by 0.12% to ¥109.71 against the U.S Dollar. In the week prior, the Yen had fallen by 0.05% to ¥109.84.
Out of China
Private sector PMIs were key stats in the week and were skewed to the negative.
Both the NBS and the Markit Caixin figures disappointed.
According to the NBS, the manufacturing PMI fell from 50.4 to 50.1, with the non-manufacturing PMI falling from 53.3 to 47.5.
Of greater significance, however, was a fall in the Caixin Manufacturing PMI from 50.3 to 49.2.
According to the Markit Caixin survey, things were not much better for the services sector. The Caixin Services PMI slid from 54.9 to 46.7 in August.
In the week ending 3rd September, the Chinese Yuan rose by 0.25% to CNY6.4560. In the week prior, the Yuan had ended the week up by 0.45% to CNY6.4720.
The CSI300 and the Hang Seng ended the week up by 0.33% and by 1.94% respectively.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | While inflationary pressures picked up once more in August, private sector PMIs delivered mixed results in the week. While Germany’s unemployment rate fell from 5.6% to 5.5% in July, retail sales slid by 5.1%, reversing a 4.5% increase from June. While the stats were disappointing, crude oil prices held relatively steady following the previous week’s rebound, to deliver support. | Out of the Eurozone Private sector PMIs for August, French GDP, German unemployment, and prelim August inflation figures were in focus. While Germany’s unemployment rate fell from 5.6% to 5.5% in July, retail sales slid by 5.1%, reversing a 4.5% increase from June. This article was originally posted on FX Empire More From FXEMPIRE: Stocks Gain Ground After Friday’s Sell-Off Gold Price Prediction – Prices Continue to Consolidate Ahead of Busy Data Week Natural Gas Price Prediction – Prices Blast Off as Nicholas Heads to Texas The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - The Stats It was a particularly busy week on the economic calendar, in the week ending 3rd September. In the week, the Pound rose by 0.78% to end the week at $1.3871. In the week prior, the Yuan had ended the week up by 0.45% to CNY6.4720. | FXEmpire.com - The Stats It was a particularly busy week on the economic calendar, in the week ending 3rd September. Out of the Eurozone Private sector PMIs for August, French GDP, German unemployment, and prelim August inflation figures were in focus. Service sector PMI numbers also disappointed in August, falling from 47.4 to 42.9. | fe4c1427-7560-4f8c-9e89-7c4bc33337e1 |
708959.0 | 2021-08-31 00:00:00 UTC | Private Sector PMIs and ADP Employment Change Numbers Put the EUR, GBP, and USD in Focus | DBO | https://www.nasdaq.com/articles/private-sector-pmis-and-adp-employment-change-numbers-put-the-eur-gbp-and-usd-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busy start to the day on the economic calendar this morning. The Japanese Yen, and the Aussie Dollar were in action this morning. Economic data from China was also in focus.
For the Japanese Yen
Capital spending increased by 5.3%, year-on-year, in the 2nd quarter, partially reversing a 7.8% slide from the previous quarter.
The Japanese Yen moved from ¥110.002 to ¥110.082 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.17% to ¥110.210 against the U.S Dollar.
For the Aussie Dollar
Earlier in the session, manufacturing data had disappointed, with the AIG Manufacturing PMI falling from 60.8 to 51.6. There was little influence, however, with the markets looking ahead to GDP numbers and PMI numbers from China.
In the 2nd quarter, the Australian economy expanded by 0.7%, quarter-on-quarter, following 1.8% growth in the previous quarter. Economists had forecast growth of 0.5%.
Year-on-year, the economy grew by 9.6% versus a forecasted 9.2%. In the 1st quarter, the economy had grown by 1.1%.
The Aussie Dollar moved from $0.73097 to $0.73157 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.04% to $0.7319.
Out of China
Private sector PMI numbers were the key stats of the morning.
In August, the Caixin Manufacturing PMI fell from 50.3 to 49.2. Economists had forecast a more modest decline to 50.2.
According to the August survey,
It was the first fall in output since February 2020.
Total new work fell for a second consecutive month, though the decline was modest. Demand was muted at home and overseas as a result of the COVID-19 pandemic.
New exports declined for the first time since February.
Employment saw a modest decline after remaining unchanged in July, though some firms reduced headcounts due to reduced output requirements.
Higher raw material prices and greater transportation costs drove a further marked increase in overall input prices. Factory gate prices rose only modestly, however.
Business optimism remained strong overall, though unchanged from July’s 15-month low.
Concerns over how long the pandemic will take to be brought under control weighed on sentiment.
The Aussie Dollar moved from $0.73157 to $0.73167 upon release of the figures that followed GDP numbers from Australia.
Elsewhere
At the time of writing, the Kiwi Dollar was down by 0.01% to $0.7044.
The Day Ahead
For the EUR
It’s another busy day ahead on the economic data front. Ahead of the European open, German retail sales figures will draw interest. With consumer spending key, we can expect EUR sensitivity to the numbers.
Later in the morning, however, August manufacturing PMIs for Italy and Spain and finalized PMIs for France, Germany, and the Eurozone will also influence.
Barring marked revisions to the prelim PMIs, expect Italy and the Eurozone’s PMIs to be key.
At the time of writing, the EUR was down by 0.03% to $1.1805.
For the Pound
It’s a relatively quiet day ahead on the economic calendar. Finalized manufacturing PMI figures for August will be in focus later today.
Barring any marked revision to prelim figures, however, the numbers are unlikely to have a material impact on the Pound.
At the time of writing, the Pound was down by 0.12% to $1.3739.
Across the Pond
It’s a busy day ahead. The market’s preferred ISM Manufacturing PMI and ADP nonfarm employment change figures will be in focus.
While the headline PMI will influence, the focus will likely be on the employment sub-index and the ADP numbers.
Another sharp increase in payrolls and it is expected to give the FED a green light on the tapering front.
At the time of writing, the U.S Dollar Spot Index was up by 0.11% to 92.626.
For the Loonie
It’s a quiet day on the economic calendar. There are no material stats to provide the Loonie with direction. The lack of stats will leave the Loonie in the hands of manufacturing PMI numbers and crude oil inventories.
At the time of writing, the Loonie was down by 0.10% to C$1.2628 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The market’s preferred ISM Manufacturing PMI and ADP nonfarm employment change figures will be in focus. The lack of stats will leave the Loonie in the hands of manufacturing PMI numbers and crude oil inventories. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Daily Forecast – Euro Moves Higher Ahead Of ECB Interest Rate Decision AUD/USD Forex Technical Analysis – Testing Retracement Zone; Weakens Under .7350, Strengthens Over .7379 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 9th, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | There was little influence, however, with the markets looking ahead to GDP numbers and PMI numbers from China. The Day Ahead For the EUR It’s another busy day ahead on the economic data front. Barring marked revisions to the prelim PMIs, expect Italy and the Eurozone’s PMIs to be key. | For the Aussie Dollar Earlier in the session, manufacturing data had disappointed, with the AIG Manufacturing PMI falling from 60.8 to 51.6. There was little influence, however, with the markets looking ahead to GDP numbers and PMI numbers from China. The Day Ahead For the EUR It’s another busy day ahead on the economic data front. | The Day Ahead For the EUR It’s another busy day ahead on the economic data front. Finalized manufacturing PMI figures for August will be in focus later today. At the time of writing, the Loonie was down by 0.10% to C$1.2628 against the U.S Dollar. | 6df773e6-00a7-48ac-940a-79f94c68e484 |
708960.0 | 2021-08-29 00:00:00 UTC | A Quiet Day Ahead Leaves COVID-19 and Reflection on FED Policy to Influence | DBO | https://www.nasdaq.com/articles/a-quiet-day-ahead-leaves-covid-19-and-reflection-on-fed-policy-to-influence-2021-08-30 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively busy start to the day on the economic calendar this morning. The Japanese Yen and the Aussie Dollar were in action this morning.
For the Japanese Yen
Retail sales figures drew attention in the early hours.
According to the Ministry of Economy, Trade and Industry, retail sales rose by 2.4%, year-on-year, in July versus a forecasted 2.1% increase. In June, retail sales had risen by 0.1%.
The Japanese Yen moved from ¥109.857 to ¥109.863 upon release of the figures. At the time of writing, the Japanese Yen was up by 0.09% to ¥109.740 against the U.S Dollar.
For the Aussie Dollar
Company gross operating profits were in focus this morning
In the 2nd quarter, operating profits jumped by 7.1%, reversing a 0.3% decline from the previous quarter. Economists had forecast a 3.0% rise.
According to the ABS, company gross operating profits were up 5.5% compared with the 2nd quarter of 2020.
The Aussie Dollar moved from $0.73176 to $0.73183 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.08% to $0.7318.
Elsewhere
At the time of writing, the Kiwi Dollar was up by 0.03% to $0.7013.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic data front. Prelim August inflation figures for Spain and Germany are due out later today.
With inflation still a hot topic, expect Germany’s numbers to draw interest. Softer numbers would support the ECB’s transitory view.
At the time of writing, the EUR was up by 0.10% to $1.1807.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of market risk sentiment on the day.
At the time of writing, the Pound was up by 0.04% to $1.3770.
Across the Pond
It’s a quiet day ahead. Pending home sales figures for July are due out later today. We don’t expect the numbers to move the dial, however.
COVID-19 news updates from the U.S and further reaction from FED Chair Powell’s speech will influence.
At the time of writing, the U.S Dollar Spot Index was down by 0.06% to 92.626.
For the Loonie
It’s a relatively quiet day on the economic calendar. Current account numbers for 2nd quarter are due out later in the day.
The numbers are unlikely to influence, however, leaving crude oil prices and market risk sentiment to provide direction.
At the time of writing, the Loonie was up by 0.05% to C$1.2614 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to the Ministry of Economy, Trade and Industry, retail sales rose by 2.4%, year-on-year, in July versus a forecasted 2.1% increase. The numbers are unlikely to influence, however, leaving crude oil prices and market risk sentiment to provide direction. This article was originally posted on FX Empire More From FXEMPIRE: Bitcoin As The Digital Gold Has Significant Upward Potential: Miller Opportunity Trust Russia: Near-Term Economic Stabilisation Contrasts with Slow Reform Momentum, Climate Challenges Gold Price Futures (GC) Technical Analysis – $1839.00 Next Trigger Point for Acceleration to Upside The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Japanese Yen Retail sales figures drew attention in the early hours. For the Aussie Dollar Company gross operating profits were in focus this morning In the 2nd quarter, operating profits jumped by 7.1%, reversing a 0.3% decline from the previous quarter. The numbers are unlikely to influence, however, leaving crude oil prices and market risk sentiment to provide direction. | At the time of writing, the Japanese Yen was up by 0.09% to ¥109.740 against the U.S Dollar. For the Aussie Dollar Company gross operating profits were in focus this morning In the 2nd quarter, operating profits jumped by 7.1%, reversing a 0.3% decline from the previous quarter. The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. | The Aussie Dollar moved from $0.73176 to $0.73183 upon release of the figures. Pending home sales figures for July are due out later today. Current account numbers for 2nd quarter are due out later in the day. | 5e1c8e46-4678-4f29-916e-e0a9288c840d |
708961.0 | 2021-08-27 00:00:00 UTC | The Weekly Wrap – Economic Data and FED Chair Powell Delivered Commodity Currencies a Boost | DBO | https://www.nasdaq.com/articles/the-weekly-wrap-economic-data-and-fed-chair-powell-delivered-commodity-currencies-a-boost | nan | nan | FXEmpire.com -
The Stats
It was a relatively busy week on the economic calendar, in the week ending 27th August.
A total of 49 stats were monitored, which was down from 52 stats in the week prior.
Of the 49 stats, 17 came in ahead forecasts, with 28 economic indicators coming up short of forecasts. There were 4 stats that were in line with forecasts in the week.
Looking at the numbers, 17 of the stats reflected an upward trend from previous figures. Of the remaining 32 stats, 31 reflected a deterioration from previous.
For the Greenback, FED monetary policy and economic data delivered Dollar weakness. In the week ending 27th August, the Dollar Spot Index fell by 0.87% to 92.686. In the previous week, the Dollar had risen by 1.02% to 93.549.
Out of the U.S
Early in the week, private sector PMIs were in focus. Weaker numbers weighed, with the Services PMI falling from 59.9 to 55.2 in August, according to prelim figures.
On Wednesday, core durable goods rose by 0.7% in July, following a 0.6% increase in June, which was a positive.
2nd quarter GDP numbers were also revised up on Thursday. In the 2nd quarter, the economy grew by 6.6%, which was up from a 6.5% first estimate.
Jobless claims disappointed, however, with initial jobless claims rising from 349k to 353k.
At the end of the week, personal spending and inflation figures delivered mixed results.
In July, the Core PCE Price Index rose by 3.6% year-on-year, which was in line with forecasts and June figures. Month-on-month, the index rose by 0.3% following a 0.5% increase in June.
Personal spending disappointed, however, with spending up by just 0.3%. Spending had risen by 1.1% in June.
While the stats did influence, FED Chair Powell’s speech on Friday was the main event of the week…
The FED Chair Powell delivered what the markets were looking for, weighing on the Dollar while supporting riskier assets. In line with expectations, Powell talked of tapering later in the year but highlighted that tapering did not mean tightening and that it would not translate into a shift in policy on interest rates…
Out of the UK
Economic data was on the lighter side. Prelim private sector PMIs for August disappointed at the start of the week.
The all-important services PMI fell from 59.6 to 55.5, with the manufacturing PMI down from 60.4 to 60.1.
CBI industrial trend orders for August were of little comfort, in spite of an increase from 17 to 18.
In the week, the Pound rose by 1.04% to end the week at $1.3764. In the week prior, the Pound had fallen by 1.75% to $1.3623.
The FTSE100 ended the week up by 0.85%, partially reversing a 1.81% loss from the previous week.
Out of the Eurozone
Prelim private sector PMIs for August and the German economy were in focus, with the stats skewed to the negative.
Germany’s manufacturing PMI fell from 65.9 to 62.7, with the services PMI declining from 61.8 to 61.5.
For France, the manufacturing PMI fell from 58.0 to 57.3, with the services PMI falling from 56.8 to 56.4.
As a result, the Eurozone’s manufacturing PMI fell from 62.8 to 61.5. The services PMI slipped from 59.8 to 59.7.
From Germany, the economy grew by 1.6% in the 2nd quarter, coming in ahead of a forecasted 1.5%. Year-on-year, the economy grew by 9.8%. Year-on-year, the economy had contracted by 3.4% in the previous quarter.
While the GDP numbers were upbeat, business and consumer sentiment disappointed.
Germany’s IFO Business Climate Index fell from 100.7 to 99.4, with the GfK Consumer Climate Indicator falling from -0.40 to -1.20.
For the week, the EUR rose by 0.83% to $1.1795. In the week prior, the EUR had fallen by 0.84% to $1.1698.
The CAC40 rose by 0.84%, with the DAX30 and the EuroStoxx600 ending the week with gains of 0.28% and 0.76% respectively.
For the Loonie
It was a quiet week on the economic data front, with RMPI numbers for July the key stat of the week.
In July, the RMPI, increased by 2.2%, month-on-month. The RMPI had risen by 3.90% in June.
Adding to the upside for the Loonie in the week was a sharp rebound in crude oil prices. FED Chair Powell’s outlook also put monetary policy divergence in favor of the Loonie.
In the week ending 27th August, the Loonie rose by 1.57% to C$1.2620. In the week prior, the Loonie had fallen by 2.45% to C$1.2821.
Elsewhere
It was a bullish week for the Aussie Dollar and the Kiwi Dollar.
The Aussie Dollar rallied by 2.52% to $0.0.7312, with the Kiwi Dollar ending the week up by 2.57% to $0.7011.
For the Aussie Dollar
Private new capex and retail sales figures were the key stats of the week.
In the 2nd quarter, private new CAPEX rose by 4.4% following a 6.0% increase in the previous quarter.
On the negative, however, was a 2.7% slide in retail sales in July. In June, retail sales had fallen by 1.8%. COVID-19 lockdown measures weighed on consumption in July, limiting the impact on the Aussie Dollar.
For the Kiwi Dollar
It was a relatively busy week, with retail sales and trade data in focus.
Retail sales figures for the 2nd quarter impressed, with retail sales up 3.2% and core retail sales up 3.4%. In the previous quarter, retail sales had been up 2.8%, with core retail sales up 3.2%.
On the negative, however, were trade figures for July. Month-on-month, the trade balance fell from a NZ$245m surplus to a NZ$402m deficit.
Year-on-year, the deficit widened from NZ$280m to NZ$1,100m. While the headline figure was negative, a more marked increase in imports, supported by strong demand, impacted the trade balances.
For the Japanese Yen
It was a relatively quiet week.
Private sector PMIs and Tokyo inflation figures were in focus.
PMI numbers disappointed, with the services PMI falling from 47.4 to 43.5. The manufacturing PMI saw a more modest decline from 53.0 to 52.4.
On the inflation front, Tokyo core consumer prices remained unchanged in August, year-on-year. In July, core consumer prices had fallen by 0.5%. The numbers had a muted impact on the Yen, however.
The Japanese Yen fell by 0.05% to ¥109.84 against the U.S Dollar. In the week prior, the Yen had fallen by 0.17% to ¥109.78.
Out of China
There were no major stats from China to influence the markets in the week.
In the week ending 27th August, the Chinese Yuan rose by 0.45% to CNY6.4720. In the week prior, the Yuan had ended the week down by 0.37% to CNY6.5015.
The CSI300 and the Hang Seng ended the week up by 1.21% and by 2.25% respectively.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In July, the Core PCE Price Index rose by 3.6% year-on-year, which was in line with forecasts and June figures. Out of the Eurozone Prelim private sector PMIs for August and the German economy were in focus, with the stats skewed to the negative. While the headline figure was negative, a more marked increase in imports, supported by strong demand, impacted the trade balances. | For the Loonie It was a quiet week on the economic data front, with RMPI numbers for July the key stat of the week. For the Aussie Dollar Private new capex and retail sales figures were the key stats of the week. On the inflation front, Tokyo core consumer prices remained unchanged in August, year-on-year. | FXEmpire.com - The Stats It was a relatively busy week on the economic calendar, in the week ending 27th August. In the week, the Pound rose by 1.04% to end the week at $1.3764. For the Loonie It was a quiet week on the economic data front, with RMPI numbers for July the key stat of the week. | In July, the Core PCE Price Index rose by 3.6% year-on-year, which was in line with forecasts and June figures. In the week ending 27th August, the Loonie rose by 1.57% to C$1.2620. In the 2nd quarter, private new CAPEX rose by 4.4% following a 6.0% increase in the previous quarter. | 470d1d62-3716-4864-b8f5-4a52866656f3 |
708962.0 | 2021-08-24 00:00:00 UTC | A Quiet Economic Calendar Leaves the EUR in Focus as the FED’s Symposium Looms | DBO | https://www.nasdaq.com/articles/a-quiet-economic-calendar-leaves-the-eur-in-focus-as-the-feds-symposium-looms-2021-08-25 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busier start to the day on the economic calendar this morning. The Kiwi Dollar and the Aussie Dollar were in action this morning.
For the Kiwi Dollar
Trade data was in focus following upbeat retail sales figures from Tuesday.
In the month of July, New Zealand’s trade balance narrowed from a NZ$280m surplus to a NZ$402m deficit.
Year-on-year, the trade deficit widened from NZ$280m to NZ$1,100m.
According to NZ Stats,
Total merchandise goods imports for July rose by NZ$1.6bn (+35%) compared with July 2020.
Vehicles, parts, and accessories was the largest contributor, with imports increasing NZ$555m.
Petroleum and products also saw a large increase, with imports up NZ$399m.
Goods exports increased by NZ$760m (+15%) to $5.8bn.
The Kiwi Dollar moved from $0.69485 to $0.69455 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.24% to $0.6935.
For the Aussie Dollar
Construction work done figures for the 2nd quarter were released early this morning. Construction work down increased by just 0.8% in the quarter, falling short of a forecasted 2.5% rise. In the previous quarter, construction work down had risen by 2.4%.
The Aussie Dollar moved from $0.72546 to $0.72554 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.06% to $0.7254.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.14% to ¥109.800 against the U.S Dollar.
The Day Ahead
For the EUR
It’s another relatively quiet day ahead on the economic data front. German IFO Business Sentiment figures for August are due out later today.
With little else for the markets to consider, we can expect plenty of EUR sensitivity to the numbers.
At the time of writing, the EUR was down by 0.14% to $1.1740.
For the Pound
It’s another particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of market risk sentiment on the day.
At the time of writing, the Pound was down by 0.05% to $1.3722.
Across the Pond
It’s a relatively busy day ahead. Durable goods and core durable goods orders for July are due out later today.
Expect core durable goods orders to be the key stat for the Dollar and the broader market.
At the time of writing, the U.S Dollar Spot Index was up by 0.11% to 92.997.
For the Loonie
It’s a particularly quiet day on the economic calendar. There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil inventories and market risk sentiment on the day.
At the time of writing, the Loonie was down by 0.10% to C$1.2602 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Expect core durable goods orders to be the key stat for the Dollar and the broader market. The lack of stats will leave the Loonie in the hands of crude oil inventories and market risk sentiment on the day. This article was originally posted on FX Empire More From FXEMPIRE: Here’s Why El Salvador Made Bitcoin a Legal Tender Oil Prices Unlikely To Overheat As Delta Variant Weighs In EUR/USD Daily Forecast – Euro Declines Against U.S. Dollar The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The lack of stats will leave the Pound in the hands of market risk sentiment on the day. Durable goods and core durable goods orders for July are due out later today. Expect core durable goods orders to be the key stat for the Dollar and the broader market. | The Kiwi Dollar and the Aussie Dollar were in action this morning. According to NZ Stats, Total merchandise goods imports for July rose by NZ$1.6bn (+35%) compared with July 2020. The Day Ahead For the EUR It’s another relatively quiet day ahead on the economic data front. | Goods exports increased by NZ$760m (+15%) to $5.8bn. For the Aussie Dollar Construction work done figures for the 2nd quarter were released early this morning. At the time of writing, the Loonie was down by 0.10% to C$1.2602 against the U.S Dollar. | af7bd562-f25e-499e-9102-19ee9331240c |
708963.0 | 2021-08-23 00:00:00 UTC | Economic Data Puts the EUR in Focus as the Markets Try to Second Guess the FED | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-in-focus-as-the-markets-try-to-second-guess-the-fed-2021-08-23 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was another relatively quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action this morning.
For the Kiwi Dollar
Retail sales were in focus in the early hours.
In the 2nd quarter, retail sales rose by 3.3% quarter-on-quarter. In the previous quarter, retail sales had increased by 2.8%.
Core retail sales increased by 3.4%, quarter-on-quarter, following a 3.2% rise in the previous quarter.
According to NZ Stats,
Most retail industries saw increases in spending, with rises across all regions.
Spending on big ticket items was a priority for many customers.
Electrical and electronic goods had the largest increase in sales volumes, up 6.9%.
Food and beverage sales rose 5.6%, with motor vehicle and parts retailing up 3.1%.
The Kiwi Dollar moved from $0.68940 to $0.68942 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.06% to $0.68960.
Elsewhere
At the time of writing, the Japanese Yen was flat at ¥109.700 against the U.S Dollar, while the Aussie Dollar was up by 0.07% to $0.7214.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic data front. German GDP numbers for the 2nd quarter will be in focus in the early part of the day.
With little else for the markets to consider, we can expect plenty of interest in the numbers. Positive numbers off the back of decent PMI numbers for August would further ease immediate concerns over the economic recovery.
At the time of writing, the EUR was up by 0.01% to $1.1746.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of market risk sentiment on the day.
At the time of writing, the Pound was up by 0.05% to $1.3726.
Across the Pond
It’s a relatively quiet day ahead. New home sales figures for July are due out later today. The numbers are unlikely to move the dial, however, as the markets look ahead to the Jackson Hole Symposium.
The U.S Dollar Spot Index ended Monday down by 0.58% to 92.958.
For the Loonie
It’s a particularly quiet day on the economic calendar. There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day.
At the time of writing, the Loonie was up by 0.02% to C$1.2652 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The lack of stats will leave the Pound in the hands of market risk sentiment on the day. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Daily Forecast – Euro Stays Strong Ahead Of Euro Area Inflation Reports USD/CAD Exchange Rate Prediction – The Dollar Slides Again Economic Data from France Sends the EUR Mixed Signals ahead of Eurozone Inflation Numbers The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the 2nd quarter, retail sales rose by 3.3% quarter-on-quarter. In the previous quarter, retail sales had increased by 2.8%. The lack of stats will leave the Pound in the hands of market risk sentiment on the day. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. For the Pound It’s a particularly quiet day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Daily Forecast – Euro Stays Strong Ahead Of Euro Area Inflation Reports USD/CAD Exchange Rate Prediction – The Dollar Slides Again Economic Data from France Sends the EUR Mixed Signals ahead of Eurozone Inflation Numbers The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the previous quarter, retail sales had increased by 2.8%. The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. For the Pound It’s a particularly quiet day ahead on the economic calendar. | 8bf86192-4251-434d-9eb4-7e6cc914c108 |
708964.0 | 2021-08-20 00:00:00 UTC | The Weekly Wrap – FED Monetary Policy and U.S Economic Data Drove Dollar Demand | DBO | https://www.nasdaq.com/articles/the-weekly-wrap-fed-monetary-policy-and-u.s-economic-data-drove-dollar-demand-2021-08-20 | nan | nan | FXEmpire.com -
The Stats
It was a busier week on the economic calendar, in the week ending 20th August.
A total of 52 stats were monitored, which was up from 40 stats in the week prior.
Of the 52 stats, 24 came in ahead forecasts, with 23 economic indicators coming up short of forecasts. There were 5 stats that were in line with forecasts in the week.
Looking at the numbers, 26 of the stats reflected an upward trend from previous figures. Of the remaining 26 stats, 25 reflected a deterioration from previous.
For the Greenback, market sentiment towards FED monetary policy and economic data delivered Dollar strength. In the week ending 20th August, the Dollar Spot Index rose by 1.06% to 93.496. In the previous week, the Dollar had fallen by 0.30% to 92.523.
Out of the U.S
Key stats included retail sales and jobless claims figures.
Retail sales figures disappointed. In July, retail sales fell by 1.1%, reversing a 0.7% rise from June. Economists had forecast a 0.3% decline. Core retail sales fell by 0.4% versus a forecasted 0.1% rise. In June, core retail sales rose by 1.6%.
On the positive side, however, were labor market numbers once more. In the week ending 13th August, initial jobless claims fell from 377k to 348k. Economists had forecast a decline to 363k.
On the monetary policy front, the FOMC meeting minutes from Wednesday contributed to the upside in the Dollar. FOMC member chatter also suggested a near-term move that drove demand for the Greenback.
Out of the UK
Economic data was on the busier side once more. Employment, inflation, and retail sales figures were in focus.
It was a mixed bag on the economic data front. Claimant counts saw a modest decrease in July, falling by just 7.8k. In June, claimant counts had tumbled by 114.8k.
On the positive, however, was a sharp pickup in wage growth in June and a fall in the unemployment rate. The unemployment rate fell from 4.8% to 4.7%, with average wages incl. bonuses up 8.8%. In May, average wages incl. bonuses had been up by 7.4%.
At the end of the week, retail sales declined by 2.5% in July versus a forecasted 0.4% rise. In June, retail sales had risen by 0.5%. Core retail sales fell by 2.4% versus a forecasted 0.3% rise. Core retail sales had risen by 0.3% in June.
In the week, the Pound slid by 1.75% to end the week at $1.3623. In the week prior, the Pound had fallen by 0.04% to $1.3866.
The FTSE100 ended the week down by 1.81%, reversing a 1.34% gain from the previous week.
Out of the Eurozone
It was a quiet week on the economic data front.
Eurozone employment, 2nd estimate GDP, and finalized inflation figures were in focus.
In line with 1st estimates, the Eurozone economy expanded by 2.0% in the 2nd quarter, rebounding from a 0.3% contraction in the previous quarter. While, the year-on-year, number was revised down from 13.7% to 13.6%, the numbers were good enough to support the EUR.
Employment also picked up in the 2nd quarter, rising by 0.5% to reverse a 0.2% decline from the previous quarter.
On the inflation front, the Eurozone’s annual rate of inflation picked up from 1.9% to 2.2%, which was in line with prelim figures. The Eurozone’s core annual rate of inflation softened from 0.9% to 0.7%, which was also in line with prelim numbers.
For the week, the EUR fell by 0.84% to $1.1698. In the week prior, the EUR had risen by 0.30% to $1.1797.
The CAC40 slid by 3.91%, with the DAX30 and the EuroStoxx600 ending the week with losses of 1.06% and 1.48% respectively.
For the Loonie
It was a busy week on the economic data front.
Inflation, employment, and retail sales figures were in focus through the week.
In July, the core annual rate of inflation accelerated from 2.7% to 3.3%. For the month of July, core consumer prices increased by 0.6% following a 0.3% rise in June.
Employment figures were also Loonie positive. In July, the ADP reported a 221.3k increase in hiring, reversing most of a 294.2k slide from June.
At the end of the week, retail sales delivered much-needed support. In June, retail sales rose by 4.7% versus a forecasted 4.6% increase. Retail sales had fallen by 2.0% in May. Core retail sales rose by 4.2%, reversing a 2.1% decline from May. Economists had forecast a 4.4% rise.
Other stats included housing sector data that had a muted impact on the Loonie.
While the stats were skewed to the positive, bearish market sentiment and sliding crude oil prices weighed.
In the week ending 20th August, the Loonie slid by 2.45% to C$1.2821. In the week prior, the Loonie had risen by 0.31% to C$1.2515.
Elsewhere
It was a particularly bearish week for the Aussie Dollar and the Kiwi Dollar.
The Aussie Dollar tumbled by 3.23% to $0.0.7132, with the Kiwi Dollar ending the week down by 2.94% to $0.0.6835.
For the Aussie Dollar
Employment figures were in focus late in the week.
In July, the unemployment rate fell from 4.9% to 4.6% versus a forecasted increase to 5.0%.
While positive, the decline came as a result of a fall in the participation rate attributed to lockdown measures.
Employment rose by a modest 2.2k in July, while full-time employment fell by 4.2k. In June, full-time employment had risen by 51.6k.
On the monetary policy front, the RBA meeting minutes were also in focus early in the week. There were no major surprises, however, with near-term economic speed bumps leaving the RBA in a holding pattern.
For the Kiwi Dollar
It was a particularly quiet week, with no major stats to consider.
The RBNZ monetary policy decision sank the Kiwi Dollar mid-week, however. Expectations of a hawkish rate hike were dashed as New Zealand went into full lockdown earlier in the week.
As a result of the lockdown, the RBNZ hit pause on lifting the cash rate. In spite of a hawkish press conference and upbeat sentiment towards the economy, the Kiwi failed to recover.
For the Japanese Yen
It was a busy week.
At the start of the week, 2nd quarter GDP numbers were in focus. The Japanese economy expanded by 0.3%, quarter-on-quarter, partially surprises recovering from a 1% contraction in the previous quarter. Economists had forecast a 0.2% expansion.
Year-on-year, the economy grew by 1.3% versus a forecasted 0.70%. In the 1st quarter, the economy had contracted by 3.9%.
Mid-week, trade data also beat forecasts, with the trade surplus widening from ¥384.0bn to ¥441.9bn. Exports were up 37.0%, year-on-year. In June, exports had been up 48.6%.
Machinery orders did disappoint, however, with orders falling by 1.5% in June. In May, orders had jumped by 7.8%.
The Japanese Yen fell by 0.17% to ¥109.78 against the U.S Dollar. In the week prior, the Yen had risen by 0.60% to ¥109.59.
Out of China
Industrial production, retail sales, and fixed asset investment numbers were in focus.
Disappointing economic data set the tone for the markets at the start of the week, raising concerns over the economic recovery.
In July, industrial production was up 6.4% year-on-year, which was down from 8.3% in June. Economists had forecast a 7.8% increase.
Retail sales were up 8.5%, which was softer than a 12.1% increase in June. Fixed asset investments increased by 10.3%, year-to-date, compared with 12.6% in June.
On the monetary policy front, the PBoC left loan prime rates unchanged at the end of the week. Despite some weak numbers out of China of late, this was in line with expectations.
In the week ending 20th August, the Chinese Yuan fell by 0.37% to CNY6.5015. In the week prior, the Yuan had ended the week up by 0.03% to CNY6.4774.
The CSI300 and the Hang Seng ended the week down by 3.57% and by 5.84% respectively.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Greenback, market sentiment towards FED monetary policy and economic data delivered Dollar strength. While the stats were skewed to the positive, bearish market sentiment and sliding crude oil prices weighed. On the monetary policy front, the PBoC left loan prime rates unchanged at the end of the week. | For the Greenback, market sentiment towards FED monetary policy and economic data delivered Dollar strength. Out of China Industrial production, retail sales, and fixed asset investment numbers were in focus. This article was originally posted on FX Empire More From FXEMPIRE: Dollar Bulls Withdraw, Triggered By An Anti-Hawkish U.S Fed European Equities: A Week in Review – 20/08/21 Crude Oil Weekly Price Forecast – Crude Oil Markets Have Strong Week The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - The Stats It was a busier week on the economic calendar, in the week ending 20th August. At the end of the week, retail sales declined by 2.5% in July versus a forecasted 0.4% rise. This article was originally posted on FX Empire More From FXEMPIRE: Dollar Bulls Withdraw, Triggered By An Anti-Hawkish U.S Fed European Equities: A Week in Review – 20/08/21 Crude Oil Weekly Price Forecast – Crude Oil Markets Have Strong Week The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Greenback, market sentiment towards FED monetary policy and economic data delivered Dollar strength. Core retail sales fell by 0.4% versus a forecasted 0.1% rise. At the end of the week, retail sales declined by 2.5% in July versus a forecasted 0.4% rise. | 865b935b-1f0e-446d-9b1c-2b5900ebc937 |
708965.0 | 2021-08-17 00:00:00 UTC | Inflation Figures and the FOMC Meeting Minutes Put the Pound, the Loonie, and the Dollar in Focus | DBO | https://www.nasdaq.com/articles/inflation-figures-and-the-fomc-meeting-minutes-put-the-pound-the-loonie-and-the-dollar-in | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busy start to the day on the economic calendar this morning. The Japanese Yen was in action this morning. On the monetary policy front, the RBNZ delivered its August monetary policy decision.
For the Japanese Yen
Trade data and machinery orders were in focus this morning.
In July, Japan’s trade surplus widened from ¥384.0bn to ¥441.9bn. Economists had forecast a narrowing to ¥202.3bn.
According to figures released by the Ministry of Finance,
Exports increased by 37.0% year-on-year.
Exports to China were up 18.9%, with exports to the U.S up 26.8%.
To Germany and the UK, exports were up 35.9% and by 22.0% respectively.
Imports rose by 28.5%, year-on-year.
Imports from China increased by 12.4% and by 24.4% fom the U.S.
From Europe, imports rose by 14.2%.
In June, machinery orders decreased by 1.5%, month-on-month, versus a forecasted 2.8% fall. Orders had jumped by 7.8% in May. Year-on-year, orders were up 18.6% versus a forecasted 15.8%. In May, machinery orders had been up 12.2%.
The Japanese Yen moved from ¥109.569 to ¥109.558 upon release of the figures. At the time of writing, the Japanese Yen was up 0.05% to ¥109.550 against the U.S Dollar.
For the Kiwi Dollar
The RBNZ left cash rates unchanged, with the RBNZ citing uncertainty over the latest lockdown as the reason for the pause.
The Kiwi Dollar slid from $0.69429 to $0.68683 upon release of the statement before finding support. At the time of writing, the Kiwi Dollar was up by 0.03% to $0.6921, as the markets shift focus to the RBNZ press conference.
Elsewhere
The Aussie Dollar was up by 0.10% to $0.7260.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic data front. Finalized July inflation figures for the Eurozone are due out later today.
Barring a revision from prelim figures, however, the numbers should have a muted impact on the EUR.
At the time of writing, the EUR was up by 0.08% to $1.1719.
For the Pound
It’s a relatively busy day ahead on the economic calendar. Inflation numbers for July are due out. With the BoE having raised concerns over inflation, another pickup in inflationary pressure should deliver strong support for the Pound.
While the number of hawks are few and far between, a sharp pickup in inflationary pressure may test MPC fence sitters.
At the time of writing, the Pound was up by 0.08% to $1.3752.
Across the Pond
It’s a quiet day ahead on the economic calendar. Housing sector data for July will be in focus later today.
We don’t expect the numbers to influence, however.
On the monetary policy front, the FOMC meeting minutes will be key, however. Expect any hawkish chatter to drive Dollar demand.
At the time of writing, the U.S Dollar Spot Index was down by 0.01% to 93.120.
For the Loonie
It’s a relatively quiet day on the economic calendar. Inflation figures for July are due out later today.
While market risk sentiment and crude oil inventories will be key, today’s inflation figures will also influence.
At the time of writing, the Loonie was up by 0.07% to C$1.2620 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | With the BoE having raised concerns over inflation, another pickup in inflationary pressure should deliver strong support for the Pound. While market risk sentiment and crude oil inventories will be key, today’s inflation figures will also influence. This article was originally posted on FX Empire More From FXEMPIRE: Oil Bulls Resume Gains, Global Shutdown Concerns Ease Bitcoin Sell Signal To What Support? | On the monetary policy front, the RBNZ delivered its August monetary policy decision. For the Japanese Yen Trade data and machinery orders were in focus this morning. The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. | At the time of writing, the Japanese Yen was up 0.05% to ¥109.550 against the U.S Dollar. At the time of writing, the Kiwi Dollar was up by 0.03% to $0.6921, as the markets shift focus to the RBNZ press conference. The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. | For the Japanese Yen Trade data and machinery orders were in focus this morning. According to figures released by the Ministry of Finance, Exports increased by 37.0% year-on-year. Inflation numbers for July are due out. | a18005d3-93a9-4859-b998-467839814070 |
708966.0 | 2021-08-16 00:00:00 UTC | A Busy Economic Calendar Puts the EUR, the GBP, and the Dollar in the Spotlight | DBO | https://www.nasdaq.com/articles/a-busy-economic-calendar-puts-the-eur-the-gbp-and-the-dollar-in-the-spotlight-2021-08-17 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. There were no material stats in the early hours to provide the markets with direction. While there were no stats, however, the RBA meeting minutes were in focus this morning.
For the Aussie Dollar
Salient points from the minutes included:
The recovery had established strong momentum prior to recent outbreaks of the Delta variant.
Accompanying lockdowns had introduced a high degree of uncertainty to the outlook for the 2nd half of 2021.
Members expect economic activity and employment to decline in the 2nd
The high transmission of the Delta variant raised the possibility that a more gradual reopening would be needed compared with early episodes.
Under the assumption that further lengthy lockdowns would be limited, the economy was forecast to rebound from the current setback later in the year.
This is based on an easing of restrictions to follow a similar pattern as previous observed.
Beyond the virus outbreaks, underlying momentum in the economy, strengthened balance sheets, substantial fiscal support, progress on the vaccination front, and the ability of the economy to adapt supported the recovery outlook.
For 2023, output was expected to be higher than previously forecast in May.
Household spending had been tracking strongly in the months prior to the recent lockdowns.
Consumption continues to recover over April and May before restrictions affected spending in June.
The board reaffirmed the previously announced change in the rate of bond purchases. However, the bond purchase program will continue to be reviewed in light of economic conditions and the health situation.
Additionally, the board would be prepared to act in response to any further bad news on the health front.
In any event, the Board will not increase the cash rate until actual inflation is sustainably within the 2-3% target range.
The central scenario for the economy is that this condition will not be met before 2024.
The Aussie Dollar moved from $0.73260 to $0.73150 upon release of the minutes. At the time of writing, the Aussie Dollar was down by 0.37% to $0.7311.
Elsewhere
At the time of writing, the Japanese Yen was up 0.01% to ¥109.230 against the U.S Dollar, while the Kiwi Dollar was down by 0.07% to $0.7014.
The Day Ahead
For the EUR
It’s a relatively busy day ahead on the economic data front. Eurozone 2nd estimate GDP numbers and employment change figures for the 2nd quarter are due out later today.
Expect any revisions to the GDP numbers to be key.
At the time of writing, the EUR was down by 0.03% to $1.1774.
For the Pound
It’s a busy day ahead on the economic calendar. Employment figures are due out later this morning. While earnings is an important consideration, claimant counts and employment change figures will likely have a greater impact.
At the time of writing, the Pound was down by 0.14% to $1.3830.
Across the Pond
It’s a busy day ahead on the economic calendar. Retail sales, industrial production, and business inventories are due out.
The focus will be on consumption, with any weak retail sales figures likely to materially impact the Dollar.
At the time of writing, the U.S Dollar Spot Index was up by 0.01% to 92.641.
For the Loonie
It’s a quiet day on the economic calendar. Housing sector figures for July are due out that will likely have a muted impact on the Loonie.
Market risk sentiment and impact on crude oil prices will be key ahead of the numbers from the U.S.
At the time of writing, the Loonie was down by 0.13% to C$1.2590 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar Salient points from the minutes included: The recovery had established strong momentum prior to recent outbreaks of the Delta variant. Members expect economic activity and employment to decline in the 2nd The high transmission of the Delta variant raised the possibility that a more gradual reopening would be needed compared with early episodes. This article was originally posted on FX Empire More From FXEMPIRE: USD/JPY Fundamental Daily Forecast – Rangebound as Hopes for Early Fed Tapering Fade Economic Data Puts the EUR in Focus as the Markets Try to Second Guess the FED EUR/USD Daily Forecast – Resistance At 1.1750 In Sight The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar Salient points from the minutes included: The recovery had established strong momentum prior to recent outbreaks of the Delta variant. The Day Ahead For the EUR It’s a relatively busy day ahead on the economic data front. Eurozone 2nd estimate GDP numbers and employment change figures for the 2nd quarter are due out later today. | The Day Ahead For the EUR It’s a relatively busy day ahead on the economic data front. Market risk sentiment and impact on crude oil prices will be key ahead of the numbers from the U.S. At the time of writing, the Loonie was down by 0.13% to C$1.2590 against the U.S Dollar. This article was originally posted on FX Empire More From FXEMPIRE: USD/JPY Fundamental Daily Forecast – Rangebound as Hopes for Early Fed Tapering Fade Economic Data Puts the EUR in Focus as the Markets Try to Second Guess the FED EUR/USD Daily Forecast – Resistance At 1.1750 In Sight The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar Salient points from the minutes included: The recovery had established strong momentum prior to recent outbreaks of the Delta variant. The focus will be on consumption, with any weak retail sales figures likely to materially impact the Dollar. Market risk sentiment and impact on crude oil prices will be key ahead of the numbers from the U.S. At the time of writing, the Loonie was down by 0.13% to C$1.2590 against the U.S Dollar. | 780c7e81-6689-49b1-b88b-e8b0b7428f80 |
708967.0 | 2021-08-10 00:00:00 UTC | U.S Inflation, FOMC Member Chatter, and COVID-19 Keeps the Dollar in the Spotlight | DBO | https://www.nasdaq.com/articles/u.s-inflation-fomc-member-chatter-and-covid-19-keeps-the-dollar-in-the-spotlight-2021-08 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was another relatively busy start to the day on the economic calendar this morning. The Aussie Dollar was in back action this morning.
For the Aussie Dollar
Following disappointing business confidence figures from Tuesday, consumer confidence was in focus this morning.
In August, the Westpac Consumer Confidence Index fell by 4.4% to 104.1. In July, the Index had risen by 1.5% to 108.8.
According to the latest Westpac Report,
Extended lockdowns in most of NSW weighed on consumer sentiment in the month.
While down in the month, however, confidence remained above readings seen prior to the pandemic.
Looking at the sub-components,
Economic conditions next 12-months slid by 8.3% to 100.4. The long run average sits at 91.0.
A marked jump in the Unemployment Expectations Index was also noteworthy. In August, the index jumped by 13.7% to 124.6. In spite of the spike, the index remained below the long-run average of 129.9.
Family finances vs a year ago fell by a modest 1.9% to 91.9, with finances next 12-months down 2.7% to 107.0.
The Aussie Dollar moved from $0.73437 to $0.73420 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.16% to $0.7338.
Elsewhere
At the time of writing, the Japanese Yen was down 0.09% to ¥110.670 against the U.S Dollar, with the Kiwi Dollar down by 0.14% to $0.6999.
The Day Ahead
For the EUR
It’s another relatively quiet day ahead on the economic data front. Finalized July inflation figures for Germany and Italy are due out later today.
Barring any marked upward revision from prelim figures, however, we don’t expect too much influence from the numbers.
At the time of writing, the EUR was down by 0.01% to $1.1719.
For the Pound
It’s yet another quiet day ahead on the economic calendar. There are no material stats due out to provide the Pound with direction.
At the time of writing, the Pound was down by 0.12% to $1.3826.
Across the Pond
It’s a relatively busy day ahead on the economic calendar.
Inflation figures for July are due out later in the day. Following impressive nonfarm payroll figures, a further pickup in inflationary pressures would drive demand for the Greenback.
Any FOMC member chatter would draw plenty of interest as the markets look to see whether the talk of tapering gathers momentum.
At the time of writing, the U.S Dollar Spot Index was up by 0.06% to 93.113.
For the Loonie
It’s yet another particularly quiet day on the economic calendar. There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil inventories on the day.
At the time of writing, the Loonie was down by 0.03% to C$1.2524 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Any FOMC member chatter would draw plenty of interest as the markets look to see whether the talk of tapering gathers momentum. The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil inventories on the day. This article was originally posted on FX Empire More From FXEMPIRE: NZD/USD Forex Technical Analysis – Strengthens Over .6924, Weakens Under .6919; Could Form Reversal Bottom Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 18th, 2021 Inflation Figures and the FOMC Meeting Minutes Put the Pound, the Loonie, and the Dollar in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar Following disappointing business confidence figures from Tuesday, consumer confidence was in focus this morning. In August, the Westpac Consumer Confidence Index fell by 4.4% to 104.1. There are no material stats due out to provide the Pound with direction. | For the Aussie Dollar Following disappointing business confidence figures from Tuesday, consumer confidence was in focus this morning. At the time of writing, the U.S Dollar Spot Index was up by 0.06% to 93.113. This article was originally posted on FX Empire More From FXEMPIRE: NZD/USD Forex Technical Analysis – Strengthens Over .6924, Weakens Under .6919; Could Form Reversal Bottom Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 18th, 2021 Inflation Figures and the FOMC Meeting Minutes Put the Pound, the Loonie, and the Dollar in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In August, the Westpac Consumer Confidence Index fell by 4.4% to 104.1. For the Loonie It’s yet another particularly quiet day on the economic calendar. At the time of writing, the Loonie was down by 0.03% to C$1.2524 against the U.S Dollar. | 136beae1-0558-4875-b244-cb2f34bae673 |
708968.0 | 2021-08-07 00:00:00 UTC | The Week Ahead – Economic Data, Central Bank Chatter, and COVID-19 in Focus | DBO | https://www.nasdaq.com/articles/the-week-ahead-economic-data-central-bank-chatter-and-covid-19-in-focus-2021-08-07 | nan | nan | FXEmpire.com -
On the Macro
It’s quieter week ahead on the economic calendar, with 46 stats in focus in the week ending 13th August. In the week prior, 50 stats had also been in focus.
For the Dollar:
JOLT’s job openings for June get things going. With increased sensitivity to labor market numbers, expect interest in the June openings.
The focus will then shift to inflation and jobless claims on Thursday, with both sets of numbers key.
At the end of the week, consumer sentiment figures for August will also draw attention.
On the monetary policy front, expect plenty of sensitivity to any FOMC member chatter in the week.
In the week ending 6th August, the Dollar Spot Index rose by 0.68% to 92.800.
For the EUR:
It’s a busy week on the economic data front.
German trade data for June will be in focus on Monday.
The focus will then shift to ZEW Economic Sentiment figures for Germany and the Eurozone on Tuesday.
In the 2nd half of the week, industrial production and trade data for the Eurozone wrap things up.
Finalized inflation figures for France, Germany, and Italy are also out in the week but should have a muted impact on the markets.
For the week, the EUR fell by 0.91% to $1.1762.
For the Pound:
It’s a busy week ahead on the economic calendar.
2nd quarter GDP, trade, industrial production, and manufacturing production figures are due out on Thursday.
Expect the GDP and production figures to be key.
With the number of daily COVID-19 cases in decline last week, a continued downtrend would also be positive for the Pound.
The Pound ended the week down by 0.23% to $1.3872.
For the Loonie:
It’s a particularly quiet week ahead on the economic calendar.
There were no material stats due out of Canada to provide the Loonie with direction.
A lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices in the week.
The Loonie ended the week down 0.63% to C$1.2554 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
Business and consumer confidence figures will be the key stats in the 1st half of the week.
The markets will be looking to assess the damage from fresh lockdowns on confidence.
At the end of the week, employment figures will also have plenty of influence on the Aussie Dollar.
The Aussie Dollar ended the week up by 0.16% to $0.7356.
For the Kiwi Dollar:
It’s a quiet week ahead. Business PMI figures at the end of the week will be the only numbers to consider.
Economic data from New Zealand has been impressive of late. Upbeat numbers would give the Kiwi a boost.
The Kiwi Dollar ended the week up by 0.52% to $0.7010.
For the Japanese Yen:
It’s a particularly quiet week ahead, with no material stats for the markets to consider.
A lack of stats will leave market risk sentiment and yield differentials as the key drivers.
The Japanese Yen fell by 0.48% to ¥110.250 against the U.S Dollar.
Out of China
It’s a relatively quiet week ahead. Inflation figures for July will be in focus at the start of the week.
The markets will be looking for softer inflationary pressures. Expect plenty of interest in the numbers on Monday.
From the weekend, while the trade data will set the tone going into the week.
The Chinese Yuan ended the week down by 0.34% to CNY6.4831 against the U.S Dollar.
Geo-Politics
Iran and China continue to be the main areas of interest for the markets. News updates from the Middle East, in particular, will need continued monitoring…
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices in the week. Out of Asia For the Aussie Dollar: Business and consumer confidence figures will be the key stats in the 1st half of the week. News updates from the Middle East, in particular, will need continued monitoring… This article was originally posted on FX Empire More From FXEMPIRE: EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 16th, 2021 AUD/USD Forex Technical Analysis – Facing Wall of Resistance from .7379 to .7427 EUR/USD Daily Forecast – Resistance At The 20 EMA Stays Strong The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - On the Macro It’s quieter week ahead on the economic calendar, with 46 stats in focus in the week ending 13th August. 2nd quarter GDP, trade, industrial production, and manufacturing production figures are due out on Thursday. Out of Asia For the Aussie Dollar: Business and consumer confidence figures will be the key stats in the 1st half of the week. | FXEmpire.com - On the Macro It’s quieter week ahead on the economic calendar, with 46 stats in focus in the week ending 13th August. Out of Asia For the Aussie Dollar: Business and consumer confidence figures will be the key stats in the 1st half of the week. At the end of the week, employment figures will also have plenty of influence on the Aussie Dollar. | FXEmpire.com - On the Macro It’s quieter week ahead on the economic calendar, with 46 stats in focus in the week ending 13th August. For the EUR: It’s a busy week on the economic data front. Out of Asia For the Aussie Dollar: Business and consumer confidence figures will be the key stats in the 1st half of the week. | e09efc07-13c6-4575-bd24-5db0f39d37a0 |
708969.0 | 2021-07-29 00:00:00 UTC | A Busy Economic Calendar Puts the EUR, the Loonie, and the Greenback in Focus | DBO | https://www.nasdaq.com/articles/a-busy-economic-calendar-puts-the-eur-the-loonie-and-the-greenback-in-focus-2021-07-30 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busy quiet start to the day on the economic calendar this morning. The Kiwi Dollar and the Japanese Yen were in action in the early part of the day. Later this morning, the Aussie Dollar will also be in focus.
For the Kiwi Dollar
Consumer confidence and housing sector data were in focus this morning.
In June, building permits rose by 3.8%, reversing a 2.40% slide in May. Economists had forecast a 1.10% decline.
Of greater significance, however, was a modest fall in consumer confidence.
In July, the ANZ Consumer Confidence Index fell from 114.0 to 113.1. Economists had forecast a decline to 113.0.
According to the July survey,
A good time to buy a major household item rose 2 points to +24, a fresh post-COVID high.
Sentiment towards the finances in a year’s time also improved. A net 23% expect to be better off this time next year, up 1 point.
This was in contrast to sentiment towards current financial situations, which fell 6 points to +8%.
Views towards the economic outlook were also mixed.
Perceptions regarding the next year’s economic outlook fell 5 points to -2%, while the 5-year outlook rose by 2 points to +12%.
The Kiwi Dollar moved from $0.70039 to $0.70162 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.01% to $0.7011.
For the Japanese Yen
Industrial production increased by 6.2% in June, according to prelim figures, reversing most of a 6.5% slide from May. Economists had forecast a 5.1% increase.
According to the Ministry of Economy, Trade and Industry,
Industries that mainly contributed to the increase were motor vehicles, production machinery, and electronic parts & devices.
Industries that mainly contributed to the decrease were transport equipment (excl. motor vehicles) and ceramics, stone, & clay products.
According to the Ministry of Economy, Trade and Industry, retail sales increased 3.1%, reversing a 0.4% decline from May. Economists had forecast a 3.6% slide.
The Japanese Yen moved from ¥109.416 to ¥109.402 upon release of the figures. At the time of writing, the Japanese Yen was up by 0.05% to ¥109.420 against the U.S Dollar.
For the Aussie Dollar
Wholesale inflation and private sector credit figures will draw interest.
On the inflation front, the annual wholesale rate of inflation is forecast to accelerate from 0.2% to 3.5%.
Quarter-on-quarter, economists have forecast for the producer price index to rise by 2.1%, following a 0.4% increase in the 1st quarter.
At the time of writing, the Aussie Dollar was flat at $0.7396.
The Day Ahead
For the EUR
It’s a particularly busy day ahead on the economic data front, with the 2nd quarter GDP numbers, consumer spending, and inflation in focus.
French, German, and Eurozone 1st estimate GDP numbers for the 2nd quarter will be the key stats of the day, however.
At the time of writing, the EUR was up by 0.03% to $1.1891.
For the Pound
It’s yet another particularly quiet day ahead on the economic calendar. There are no material stats to provide the Pound with direction.
The lack of stats leaves the IMF’s growth forecasts for the UK, delivered earlier in the week, to continue to resonate.
At the time of writing, the Pound was up by 0.05% to $1.3966.
Across the Pond
It’s a busy day ahead on theeconomic calendar
Personal spending and inflation figures for June together with finalized consumer sentiment figures for July will be in focus.
Barring any marked revisions to prelim consumer sentiment figures, expect the personal spending and inflation figures to be key.
Following the FED’s policy decision on Wednesday, any FOMC member chatter will also need monitoring.
On Thursday, the U.S Dollar Spot Index ended the day down by 0.50% to 91.864.
For the Loonie
It’s also a busy day on theeconomic calendar Wholesale inflation, RMPI, and GDP numbers will be in focus.
With a lack of stats through much of the week, expect Loonie sensitivity to today’s numbers.
Away from theeconomic calendar crude oil prices and market risk sentiment will also influence.
At the time of writing, the Loonie was down by 0.01% to C$1.2449 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to the July survey, A good time to buy a major household item rose 2 points to +24, a fresh post-COVID high. The lack of stats leaves the IMF’s growth forecasts for the UK, delivered earlier in the week, to continue to resonate. This article was originally posted on FX Empire More From FXEMPIRE: Maxar’s Delayed Satellite Launch Leads To A Massive Plunge In Stock Price Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 6th, 2021 U.S. Dollar Index (DX) Futures Technical Analysis – Trader Reaction to 92.070 Sets Friday’s Early Tone The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a particularly busy day ahead on the economic data front, with the 2nd quarter GDP numbers, consumer spending, and inflation in focus. Across the Pond It’s a busy day ahead on theeconomic calendar Personal spending and inflation figures for June together with finalized consumer sentiment figures for July will be in focus. Barring any marked revisions to prelim consumer sentiment figures, expect the personal spending and inflation figures to be key. | For the Japanese Yen Industrial production increased by 6.2% in June, according to prelim figures, reversing most of a 6.5% slide from May. The Day Ahead For the EUR It’s a particularly busy day ahead on the economic data front, with the 2nd quarter GDP numbers, consumer spending, and inflation in focus. Across the Pond It’s a busy day ahead on theeconomic calendar Personal spending and inflation figures for June together with finalized consumer sentiment figures for July will be in focus. | A net 23% expect to be better off this time next year, up 1 point. For the Japanese Yen Industrial production increased by 6.2% in June, according to prelim figures, reversing most of a 6.5% slide from May. For the Loonie It’s also a busy day on theeconomic calendar Wholesale inflation, RMPI, and GDP numbers will be in focus. | 0ba6affe-d558-4446-95bf-6687aa7cbcb2 |
708970.0 | 2021-07-27 00:00:00 UTC | Economic Data Puts the EUR in Focus ahead of the FED Policy Decision and Press Conference | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-in-focus-ahead-of-the-fed-policy-decision-and-press-conference | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. The Aussie Dollar was in action in the early part of the day.
For the Aussie Dollar
Inflation was in focus this morning.
In the 2nd quarter, the annual rate of inflation accelerated from 1.1% to 3.8%. Economists had forecast a pickup to 4.0%.
Quarter-on-quarter, consumer prices rose by 0.8%, falling short of a forecasted 1.0% rise. In the 1st quarter, consumer prices had risen by 0.6%.
According to the ABS,
The most significant price rises in the June quarter were automotive fuel (+6.5%) and medical and hospital services (+2.4%).
Electricity prices rose by 3.3% as a result of the continued unwinding of the Western Australian Government’s A$600 electricity credit.
In the 2nd quarter, the trimmed mean annual rate of inflation picked up from 1.1% to 1.6%.
The Aussie Dollar moved from $0.73726 to $0.73660 upon release of the figures. At the time of writing, the Aussie Dollar up by 0.07% to $0.7367.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.08% to ¥109.870 against the U.S Dollar, while the Kiwi Dollar was up by 0.12% to $0.69640.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic data front. Consumer sentiment figures from Germany will be in focus early in the European session.
With little else for the markets to consider, we can expect EUR sensitivity to the numbers. While economist have forecast for confidence to improve, the Delta variant could test consumer optimism near-term.
At the time of writing, the EUR was up by 0.03% to $1.1820.
For the Pound
It’s another particularly quiet day ahead on the economic calendar. There are no material stats to provide the Pound with direction.
Further demand for the Pound is likely following the IMF’s outlook towards the UK economy.
At the time of writing, the Pound was up by 0.06% to $1.3888.
Across the Pond
It’s a relatively quiet day ahead on theeconomic calendar Trade data for June will be in focus later in the day. We don’t expect the numbers to have a material impact on the Dollar and the broader markets, however.
The market focus will be on the FED interest rate decision and press conference scheduled for late in the U.S session.
The question will be whether the FED Chair can continue to convince the markets of unwavering policy support.
At the time of writing, the U.S Dollar Spot Index was up by 0.02% to 92.453.
For the Loonie
It’s relatively quiet day on theeconomic calendar with inflation figures in focus.
After a quiet start to the week, we will expect the Loonie to be responsive to the numbers.
Ultimately, however, market risk sentiment and crude oil prices will remain the key drivers on the day.
At the time of writing, the Loonie was up by 0.13% to C$1.2586 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The market focus will be on the FED interest rate decision and press conference scheduled for late in the U.S session. Ultimately, however, market risk sentiment and crude oil prices will remain the key drivers on the day. This article was originally posted on FX Empire More From FXEMPIRE: U.S Dollar Bulls Run Out Of Steam As They Await Payrolls Report EUR/USD Daily Forecast – Euro Tries To Gain More Ground Against U.S. Dollar Service Sector PMIs and ADP Nonfarm Put the EUR, the GBP, and the USD in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. Across the Pond It’s a relatively quiet day ahead on theeconomic calendar Trade data for June will be in focus later in the day. For the Loonie It’s relatively quiet day on theeconomic calendar with inflation figures in focus. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. Across the Pond It’s a relatively quiet day ahead on theeconomic calendar Trade data for June will be in focus later in the day. This article was originally posted on FX Empire More From FXEMPIRE: U.S Dollar Bulls Run Out Of Steam As They Await Payrolls Report EUR/USD Daily Forecast – Euro Tries To Gain More Ground Against U.S. Dollar Service Sector PMIs and ADP Nonfarm Put the EUR, the GBP, and the USD in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Quarter-on-quarter, consumer prices rose by 0.8%, falling short of a forecasted 1.0% rise. For the Pound It’s another particularly quiet day ahead on the economic calendar. For the Loonie It’s relatively quiet day on theeconomic calendar with inflation figures in focus. | 262415ca-e21c-4947-8045-1962309be00a |
708971.0 | 2021-07-24 00:00:00 UTC | The Week Ahead – Corporate Earnings, Economic Data, the FED, and COVID-19 in Focus | DBO | https://www.nasdaq.com/articles/the-week-ahead-corporate-earnings-economic-data-the-fed-and-covid-19-in-focus-2021-07-24 | nan | nan | FXEmpire.com -
On the Macro
It’s busier week ahead on the economic calendar, with 71 stats in focus in the week ending 30th July. In the week prior, just 33 stats had also been in focus.
For the Dollar:
Core durable goods and consumer confidence figures will be in focus on Tuesday. While both sets of numbers are key, consumer confidence should have the greater influence.
On Thursday, 2nd quarter GDP numbers are due out alongside weekly jobless claims data.
While 2nd quarter GDP numbers will be the key driver, another increase in claims would overshadow any positive GDP numbers.
At the end of the week, personal spending and consumer sentiment figures will also draw attention.
In the week ending 23rd July, the Dollar Spot Index rose by 0.24% to 92.912.
For the EUR:
It’s a busy week on the economic data front.
Early in the week, the German economy will be back the spotlight.
German business and consumer sentiment and unemployment figures will be in focus in the 1st half of the week.
On Friday, the focus will then shift to 2nd quarter GDP numbers for France, Germany, and the Eurozone.
Throughout the week, member state and Eurozone prelim inflation figures for June will also draw attention.
For the week, the EUR fell by 0.30% to $1.1771.
For the Pound:
It’s a particularly quiet week ahead on the economic calendar.
Economic data is limited to housing sector data that should have a limited impact on the Pound.
A lack of stats will leave the Pound in the hands of COVID-19 news updates in the week.
The Pound ended the week down by 0.14% to $1.3748.
For the Loonie:
It’s a relatively quiet week ahead on the economic calendar.
Inflation figures are due out on Wednesday ahead of GDP numbers on Friday.
While both sets of numbers will influence, market risk sentiment and crude oil pries will remain the key driver. Rising COVID-19 cases continue to threaten to derail the global economic recovery and weigh on demand for crude oil.
The Loonie ended the week up 0.39% to C$1.2564 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
Consumer and wholesale inflation figures are due out in the week.
While wholesale inflation will influence, expect consumer inflation figures to be key.
Away from theeconomic calendar any new COVID-19 containment measures would further test Aussie Dollar support.
The Aussie Dollar ended the week down by 0.47% to $0.7366.
For the Kiwi Dollar:
It’s a quiet week ahead. Early in the week, stats are limited trade data. Late in the week, consumer confidence numbers will also be in focus.
While positive numbers will provide the Kiwi with support, market risk sentiment will influence.
Any further signs of a slowdown to the global economic recovery and expect the Kiwi Dollar to come under pressure.
The Kiwi Dollar ended the week down by 0.36% to $0.6974.
For the Japanese Yen:
Early in the week, private sector PMIs for July will be in focus.
Both sets of numbers will draw plenty of attention ahead of a busy 2nd half of the week.
At the end of the week, retail sales and prelim industrial production figures will have a greater impact on the markets.
The Japanese Yen fell by 0.44% to ¥110.550 against the U.S Dollar.
Out of China
It’s a particularly quiet week ahead, with no major stats to provide the markets with direction.
A lack of stats will leave chatter from Beijing in focus through the week.
At the end of the week, NBS private sector PMIs from China will come into view. The numbers are due out next weekend.
The Chinese Yuan ended the week down by 0.03% to CNY6.4813 against the U.S Dollar.
Geo-Politics
Russia and China continue to be the main areas of interest for the markets. Following the withdrawal of troops from Afghanistan, news updates from the Middle East will also need continued monitoring…
Corporate Earnings
Among the big names from the U.S include Apple Inc. (Tues), Microsoft Corp. (Tues), and Amazon.com Inc. (Thurs).
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | While both sets of numbers will influence, market risk sentiment and crude oil pries will remain the key driver. Rising COVID-19 cases continue to threaten to derail the global economic recovery and weigh on demand for crude oil. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast – S&P 500 Continuing Upward Trajectory Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 31st, 2021 Japan, South Korean Shares Pressured by Chinese Technology Crackdown, Renewed COVID-19 Concerns The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | While both sets of numbers will influence, market risk sentiment and crude oil pries will remain the key driver. While wholesale inflation will influence, expect consumer inflation figures to be key. While positive numbers will provide the Kiwi with support, market risk sentiment will influence. | FXEmpire.com - On the Macro It’s busier week ahead on the economic calendar, with 71 stats in focus in the week ending 30th July. Out of Asia For the Aussie Dollar: Consumer and wholesale inflation figures are due out in the week. The Kiwi Dollar ended the week down by 0.36% to $0.6974. | FXEmpire.com - On the Macro It’s busier week ahead on the economic calendar, with 71 stats in focus in the week ending 30th July. The Kiwi Dollar ended the week down by 0.36% to $0.6974. At the end of the week, NBS private sector PMIs from China will come into view. | d245a6ba-57ad-419a-961b-4c9ef7e4b5b7 |
708972.0 | 2021-07-23 00:00:00 UTC | The Weekly Wrap – Another Win for the Greenback as COVID-19 Raises the Alarm | DBO | https://www.nasdaq.com/articles/the-weekly-wrap-another-win-for-the-greenback-as-covid-19-raises-the-alarm-2021-07-23 | nan | nan | FXEmpire.com -
The Stats
It was a quieter week on the economic calendar, in the week ending 23rd July.
A total of 33 stats were monitored, which was down from 66 stats in the week prior.
Of the 33 stats, 15 came in ahead forecasts, with 18 economic indicators coming up short of forecasts. There were no stats that were in line with forecasts in the week.
Looking at the numbers, 14 of the stats reflected an upward trend from previous figures. Of the remaining 19 stats, all 19 reflected a deterioration from previous.
For the Greenback, market concerns over the resilience of the global economic recovery delivered Dollar support. Economic data from the U.S was mixed, however, limiting the upside. In the week ending 23rd July, the Dollar Spot Index rose by 0.24% to 92.912. In the previous week, the Dollar had risen by 0.60% to 92.687.
Out of the U.S
The markets had to wait until Thursday for the first set of key stats.
Jobless claim figures disappointed. In the week ending 16th July, initial jobless claims rose from 368k to 419k. Economists had forecast a decline to 340k.
At the end of the week, prelim private sector PMI numbers for July were also in focus.
The services PMI fell from 64.6 to 59.8, while the manufacturing PMI rose from 62.1 to 63.1.
As a result, the composite PMI slid from 63.7 to 59.7, with the all-important services PMI weighing heavily on the composite.
In the equity markets, the NASDAQ rallied by 2.84%, with the Dow and the S&P500 ending the week up by 1.06% and by 1.96% respectively.
Out of the UK
It was quieter week. On Thursday, CBI industrial trend orders disappointed, falling from 19 to 17. Economists had forecast a more modest decline to 18.
At the end of the week, retail sales and private sector PMI numbers were the key stats of the week, however.
In June, retail sales rose by 0.5% in June, partially reversing a 1.30% fall from May. Year-on-year, sales was up 9.7%, falling short of a forecasted 10.1% increase. In May, sales had been up by 24.6%.
Private sector PMIs were also disappointing. In July, the services PMI fell from 62.4 to 57.8, with the manufacturing PMI falling from 63.9 to 60.4.
As a result, the composite PMI fell from 62.2 to 57.7.
In the week, the Pound fell by 0.14% to end the week at $1.3748. In the week prior, the Pound had fallen by 0.96% to $1.3767.
The FTSE100 ended the week up by 0.28%, following a 1.60% loss from the previous week.
Out of the Eurozone
It was a quieter week.
Eurozone consumer confidence and French, German, and Eurozone private sector PMIs were in focus.
It was a mixed set of numbers, however.
Consumer confidence in the Eurozone waned in July, with the index falling from -3.3 to -4.4. Economists had forecast an increase to -2.6.
More significant, however, were the prelim PMI numbers for July.
The French manufacturing PMI fell from 59.0 to 58.1, with the services PMI falling from 57.8 to 57.0.
Economists had forecast PMIs of 57.9 and 58.7 respectively.
From Germany, the manufacturing PMI rose from 65.1 to 65.6, with the services PMI rising from 57.5 to 62.2.
Economists had forecast PMIs of 63.7 and 59.1 respectively.
The Eurozone
For the Eurozone, the manufacturing PMI fell from 63.4 to 62.6, while the services PMI rose from 58.3 to a 181-month high 60.4.
Economists had forecast PMIs of 62.5 and 59.6 respectively.
According to the prelim Markit Survey,
The composite PMI rose to a 252-month high in July, according to prelim figures.
Business activity accelerated for a 4th consecutive month, supported by a continued easing of COVID-19 restrictions.
Demand was on the rise, with new order growth for the private sector at its fastest since May 2000.
Firms hired staff for a 6th consecutive month, with the pace of hiring the 2nd steepest since Jan-2018.
Average selling prices for goods and services rose at a near-term record pace, reflecting supply constraints.
On the monetary policy front, the ECB left rates unchanged, which was in line with market expectations. ECB President Lagarde continued to deliver assurances to the markets, ultimately leading to a pullback in the EUR and supporting the European boerses on the day.
For the week, the EUR fell by 0.30% to $1.1771. In the week prior, the EUR had fallen by 0.59% to $1.1806.
The CAC40 rose by 1.68%, with the DAX30 and the EuroStoxx600 ending the week up by 0.83% and by 1.49% respectively.
For the Loonie
It was a particularly quiet week on the economic data front.
Retail sales figures were in focus on Friday.
In June, retail sales fell by 2.1%, following a 5.7% slide in May. Economists had forecast a 3.2% decline.
A sharp rebound in crude oil prices provided the Loonie with much-needed support, however.
Early in the week, the Loonie had visited $1.27 levels against the Greenback before finding support.
In the week ending 23rd July, the Loonie rose by 0.39% to C$1.2564. In the week prior, the Loonie had fallen by 1.33% to C$1.2613.
Elsewhere
It was a bearish week for the Aussie Dollar and the Kiwi Dollar.
In the week ending 23rd July, the Aussie Dollar fell by 0.47% to $0.7366, with the Kiwi Dollar down by 0.36% to $0.6974.
For the Aussie Dollar
It was a quieter week, with retail sales and RBA meeting minutes in focus.
Retail sales disappointed, falling by 1.8% in June. Economists had forecast a 0.6% decline following May’s 0.4% rise. The downside stemmed from a reintroduction of COVID-19 containment measures, as new cases spiked once more.
The RBA meeting minutes had a relatively muted impact on the Aussie Dollar early in the week.
COVID-19 and concerns over the sustainability of the economic recovery pegged the Aussie back.
For the Kiwi Dollar
It was a particularly quiet week, with no major stats to provide the Kiwi Dollar with direction.
For the Japanese Yen
It was another relatively busy week.
Early in the week, inflation figures were in focus ahead of trade data on Wednesday.
Inflationary pressures returned in June, with Japan’s annual rate of inflation rising from -0.1% to 0.2%. The core annual rate of inflation ticked up from 0.1% to 0.2%.
In spite of the modest pickup, there was limited impact on the Yen. The numbers are unlikely to shift the BoJ’s stance on monetary policy.
On Wednesday, trade data was upbeat, with Japan’s trade balance rising from a ¥189.4bn deficit to a ¥383.2bn surplus. Year-on-year, exports were up 48.6% in June. In May, exports had been up by 49.6%.
The Japanese Yen fell by 0.44% to ¥110.55 against the U.S Dollar. In the week prior, the Yen had risen by 0.06% to ¥110.070.
Out of China
It was a quiet week on the economic data front, with no major stats from China for the markets to consider.
On the monetary policy front, the PBoC left loan prime rates unchanged, which was in line with expectations.
In the week ending 23rd July, the Chinese Yuan ended the week down by 0.03% to CNY6.4813. In the week prior, the Yuan had ended the week flat at CNY6.4792.
The CSI300 and the Hang Seng ended the week down by 0.11% and by 2.44% respectively.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Average selling prices for goods and services rose at a near-term record pace, reflecting supply constraints. ECB President Lagarde continued to deliver assurances to the markets, ultimately leading to a pullback in the EUR and supporting the European boerses on the day. This article was originally posted on FX Empire More From FXEMPIRE: Gold Weekly Price Forecast – Gold Continues Same Pattern of Consolidation AMC Chief Gives Individual Investors Louder Voice, Addresses Share Count Japan, South Korean Shares Pressured by Chinese Technology Crackdown, Renewed COVID-19 Concerns The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | At the end of the week, retail sales and private sector PMI numbers were the key stats of the week, however. On the monetary policy front, the ECB left rates unchanged, which was in line with market expectations. For the Aussie Dollar It was a quieter week, with retail sales and RBA meeting minutes in focus. | FXEmpire.com - The Stats It was a quieter week on the economic calendar, in the week ending 23rd July. At the end of the week, retail sales and private sector PMI numbers were the key stats of the week, however. In the week ending 23rd July, the Chinese Yuan ended the week down by 0.03% to CNY6.4813. | At the end of the week, prelim private sector PMI numbers for July were also in focus. At the end of the week, retail sales and private sector PMI numbers were the key stats of the week, however. In the week ending 23rd July, the Loonie rose by 0.39% to C$1.2564. | a2e636dd-91b3-44e7-9c22-bbd1429eb1df |
708973.0 | 2021-07-20 00:00:00 UTC | A Quiet Economic Calendar Leaves Growth Concerns and the Dollar in Focus | DBO | https://www.nasdaq.com/articles/a-quiet-economic-calendar-leaves-growth-concerns-and-the-dollar-in-focus-2021-07-21 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busy start to the day on the economic calendar this morning. The Japanese Yen and the Aussie Dollar were in action in the early hours.
For the Japanese Yen
Trade data was in focus this morning and drew plenty of interest ahead of the start of the Olympic Games.
According to figures released by the Ministry of Finance, Japan’s trade balance rose from a ¥189.4bn deficit to a ¥383.2bn surplus. Economists had forecast a surplus of ¥400bn.
Exports were up 48.6% year-on-year in June, down marginally from a 49.6% rise in May.
To the U.S, exports surged by 85.5%, with exports to Western Europe up 50.0%.
Exports to China increased by 27.7% year-on-year.
Imports increased by 32.7% in June, year-on-year. In May, imports had been up by 27.9%.
In response to the numbers, the Japanese Yen moved from ¥109.920 to ¥109.896 against the Dollar. At the time of writing, the Japanese Yen was down by 0.04% to ¥109.890 against the U.S Dollar.
For the Aussie Dollar
All-important retail sales figures were also in focus this morning.
In June, retail sales fell by 1.8%, month-on-month, according to prelim figures. In May, retail sales had risen by 0.4%.
According to the ABS,
Food retailing (+1.5%) was the only industry to see a rise in June.
By state, Victoria (-3.5%) and New South Wales (-2.0%) led the decline, with both states imposing stay-at-home orders for part of the month.
The Aussie Dollar moved from $0.73296 to $0.73220 upon release of the numbers. At the time of writing, the Aussie Dollar was down by 0.15% to $0.7319.
Elsewhere
At the time of writing, the Kiwi Dollar was flat at $0.69180.
The Day Ahead
For the EUR
It’s another quiet day ahead on the economic data front. There are no major stats to provide the EUR with direction.
The lack of stats will leave industrial production figures from Italy and COVID-19 news in focus.
At the time of writing, the EUR was down by 0.05% to $1.1775.
For the Pound
It’s another particularly quiet day ahead on the economic calendar, with no major stats from the UK to consider later today.
The lack of stats will continue to leave COVID-19 in focus. While the government has removed restrictions, a further spike in new cases could further derail market optimism near-term.
At the time of writing, the Pound was down by 0.04% to $1.3622.
Across the Pond
It’s a quiet day ahead on theeconomic calendar There are no major stats to provide the Greenback with direction in what has been a quiet start to the week.
The lack of stats will leave market risk sentiment as the key driver near-term.
At the time of writing, the Dollar Spot Index was up by 0.03% to 92.999.
For the Loonie
It’s also quiet day ahead on theeconomic calendar with economic data limited to housing sector numbers.
We don’t expect the numbers to influence, however, leaving crude oil inventories and market risk sentiment as key drivers.
At the time of writing, the Loonie was down by 0.08% to C$1.2692 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Japanese Yen Trade data was in focus this morning and drew plenty of interest ahead of the start of the Olympic Games. For the Loonie It’s also quiet day ahead on theeconomic calendar with economic data limited to housing sector numbers. We don’t expect the numbers to influence, however, leaving crude oil inventories and market risk sentiment as key drivers. | Across the Pond It’s a quiet day ahead on theeconomic calendar There are no major stats to provide the Greenback with direction in what has been a quiet start to the week. The lack of stats will leave market risk sentiment as the key driver near-term. For the Loonie It’s also quiet day ahead on theeconomic calendar with economic data limited to housing sector numbers. | The Day Ahead For the EUR It’s another quiet day ahead on the economic data front. For the Pound It’s another particularly quiet day ahead on the economic calendar, with no major stats from the UK to consider later today. Across the Pond It’s a quiet day ahead on theeconomic calendar There are no major stats to provide the Greenback with direction in what has been a quiet start to the week. | Imports increased by 32.7% in June, year-on-year. For the Aussie Dollar All-important retail sales figures were also in focus this morning. The lack of stats will leave market risk sentiment as the key driver near-term. | aea8a85d-c944-44a3-90c1-79a6470deb7d |
708974.0 | 2021-07-07 00:00:00 UTC | Economic Data and the ECB Monetary Policy Meeting Minutes in Focus | DBO | https://www.nasdaq.com/articles/economic-data-and-the-ecb-monetary-policy-meeting-minutes-in-focus-2021-07-07 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was another quiet start to the day on the economic calendar this morning. Following a busy start to the week, there were no major stats for the markets to consider through early part of the Asian session. Late this morning, RBA Governor Lowe is scheduled to speak and could move the dial for the Aussie Dollar.
The lack of stats left the markets to respond to the overnight FOMC meeting minutes.
For the Majors
At the time of writing, the Japanese Yen was up by 0.03% to ¥110.630 against the U.S Dollar, while the Aussie Dollar was down by 0.03% to $0.7485. The Kiwi Dollar was down by 0.07% to $0.7014.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic data front. German trade data for May will be in focus later this morning.
From the ECB, the monetary policy meeting minutes will also draw plenty of attention, however.
The markets are expecting the ECB to remain committed to delivering unwavering support.
At the time of writing, the EUR was up by 0.03% to $1.1794.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats to provide the Pound with direction.
The lack of stats will leave COVID-19 news and government chatter in focus.
At the time of writing, the Pound was down by 0.01% to $1.3800.
Across the Pond
The weekly jobless claims figures will be in focus later today. With a more meaningful labor market recovery needed to force the FED into action, expect plenty of interest in today’s figures
On Wednesday, the Dollar Spot Index rose by 0.11% to end the day at 92.644.
For the Loonie
It’s a particularly quiet day ahead on the economic data front. There are no material stats to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day.
At the time of writing, the Loonie was down by 0.02% to C$1.2483 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Late this morning, RBA Governor Lowe is scheduled to speak and could move the dial for the Aussie Dollar. With a more meaningful labor market recovery needed to force the FED into action, expect plenty of interest in today’s figures On Wednesday, the Dollar Spot Index rose by 0.11% to end the day at 92.644. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. For the Loonie It’s a particularly quiet day ahead on the economic data front. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Forecast – Gold Markets Get Slammed on Friday S&P 500 Price Forecast – Stock Market Drifts Lower Into the Weekend Gold Weekly Price Forecast – Gold Markets Show Hesitation The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. With a more meaningful labor market recovery needed to force the FED into action, expect plenty of interest in today’s figures On Wednesday, the Dollar Spot Index rose by 0.11% to end the day at 92.644. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Forecast – Gold Markets Get Slammed on Friday S&P 500 Price Forecast – Stock Market Drifts Lower Into the Weekend Gold Weekly Price Forecast – Gold Markets Show Hesitation The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Majors At the time of writing, the Japanese Yen was up by 0.03% to ¥110.630 against the U.S Dollar, while the Aussie Dollar was down by 0.03% to $0.7485. The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment on the day. At the time of writing, the Loonie was down by 0.02% to C$1.2483 against the U.S Dollar. | e4badd09-a593-49df-96b4-cb5a685a870d |
708975.0 | 2021-07-06 00:00:00 UTC | Economic Data from the Eurozone and Canada in Focus ahead of the FOMC Meeting Minutes | DBO | https://www.nasdaq.com/articles/economic-data-from-the-eurozone-and-canada-in-focus-ahead-of-the-fomc-meeting-minutes-2021 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. Following a busy start to the week, there were no major stats for the markets to consider through early part of the Asian session.
For the Majors
At the time of writing, the Japanese Yen was down by 0.02% to ¥110.640 against the U.S Dollar, with the Aussie Dollar down by 0.04% to $0.7494. The Kiwi Dollar was up by 0.09% to $0.7017.
The Day Ahead
For the EUR
It’s a quieter day ahead on the economic data front. German industrial production figures for May are due out later today.
With little else for the markets to consider, expect the numbers to influence.
Any material moves to the upside may be on hold, however, as the markets look towards the FOMC meeting minutes due out late in the day.
At the time of writing, the EUR was down by 0.03% to $1.1821.
For the Pound
It’s a quiet day ahead on the economic calendar. House price figures for June are due out later today.
The numbers are unlikely to influence, however, with the markets continuing to monitor COVID-19 news near-term.
At the time of writing, the Pound was up by 0.01% to $1.3802.
Across the Pond
JOLTs job openings for May are due out later in the day. Following last week’s nonfarm payrolls, we don’t expect too much influence from the numbers.
Late in the U.S session, the FOMC meeting minutes are also due out, however, and will have a material impact on the markets.
On Tuesday, the Dollar Spot Index rallied by 0.36% to end the day at 92.546.
For the Loonie
It’s a relatively quiet day ahead on the economic data front. June’s Ivey PMI is due out later today.
Expect the numbers to influence along with crude oil inventory numbers.
At the time of writing, the Loonie was up by 0.02% to C$1.2459 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Following a busy start to the week, there were no major stats for the markets to consider through early part of the Asian session. Any material moves to the upside may be on hold, however, as the markets look towards the FOMC meeting minutes due out late in the day. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Exchange Rate Prediction – The Dollar Surges to 2.5 Month Highs Eurozone Trade Data and Inflation Figures Fail to Deliver EUR Support EUR/USD Forex Technical Analysis – Main Trend Down, but Momentum Could Shift if Buyers Regain 1.1827 Pivot The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a quieter day ahead on the economic data front. Any material moves to the upside may be on hold, however, as the markets look towards the FOMC meeting minutes due out late in the day. For the Loonie It’s a relatively quiet day ahead on the economic data front. | FXEmpire.com - Earlier in the Day: It was a quiet start to the day on the economic calendar this morning. The Day Ahead For the EUR It’s a quieter day ahead on the economic data front. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Exchange Rate Prediction – The Dollar Surges to 2.5 Month Highs Eurozone Trade Data and Inflation Figures Fail to Deliver EUR Support EUR/USD Forex Technical Analysis – Main Trend Down, but Momentum Could Shift if Buyers Regain 1.1827 Pivot The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Majors At the time of writing, the Japanese Yen was down by 0.02% to ¥110.640 against the U.S Dollar, with the Aussie Dollar down by 0.04% to $0.7494. With little else for the markets to consider, expect the numbers to influence. Late in the U.S session, the FOMC meeting minutes are also due out, however, and will have a material impact on the markets. | 1e4b4a4d-4270-4669-ac29-352ff3723ff8 |
708976.0 | 2021-06-24 00:00:00 UTC | As Crude Inventories Fall, Oil Prices and ‘DBO’ Keep Climbing | DBO | https://www.nasdaq.com/articles/as-crude-inventories-fall-oil-prices-and-dbo-keep-climbing-2021-06-24 | nan | nan | The momentum for oil just keeps on building in 2021 as crude inventories fell recently, giving oil prices and the Invesco DB Oil Fund (DBO) even more strength.
"The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 7.199-million barrels for the week ending June 18," an OilPrice.com report said. "Analysts had predicted a much smaller draw of 3.942 million barrels for the week."
Oil prices boil down to basic supply and demand forecasting. API draw expectations were more generous than analysts' expectations.
"In the previous week, the API reported a draw in oil inventories of 8.537 million barrels after analysts had predicted a draw of 3.290 million barrels," the report added further. "Crude oil inventories have fallen by more than 29 million barrels since the start of 2021, according to API data, but are still up 27 million barrels since January 2020."
DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Furthermore, investors do not hold direct exposure to the heavy price volatility of holding positions directly in the commodity itself. Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. The single index Commodity consists of Light, Sweet Crude Oil (WTI). The fund invests in futures contracts in an attempt to track its corresponding index.
Increased Confidence in Oil Projects
The comeback in oil prices in 2021 is providing more confidence for oil-related projects. If oil prices can sustain their rally, more projects could be underway.
"Sustained higher oil prices are providing confidence for operators to start sanctioning more projects," the article added.
"As prices hold steady or continue to rise, more projects are expected to be sanctioned during the year, coming mainly from Brazil, the Gulf of Mexico, Guyana and the North Sea," the article said. "Between 2014 and 2019, the global average was 13 projects (greater than $1 billion in capex) sanctioned each year, which means 2021 is on pace to match pre-pandemic levels."
For more news and information, visit the Innovative ETFs Channel.
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The momentum for oil just keeps on building in 2021 as crude inventories fell recently, giving oil prices and the Invesco DB Oil Fund (DBO) even more strength. DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. | The momentum for oil just keeps on building in 2021 as crude inventories fell recently, giving oil prices and the Invesco DB Oil Fund (DBO) even more strength. DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. | The momentum for oil just keeps on building in 2021 as crude inventories fell recently, giving oil prices and the Invesco DB Oil Fund (DBO) even more strength. DBO provides the perfect opportunity to get exposure to the current upside in oil prices. Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. | Per the fund description, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. The momentum for oil just keeps on building in 2021 as crude inventories fell recently, giving oil prices and the Invesco DB Oil Fund (DBO) even more strength. DBO provides the perfect opportunity to get exposure to the current upside in oil prices. | 9882a98d-2a06-4d2b-b7a9-b3143ed5e8d3 |
708977.0 | 2021-06-19 00:00:00 UTC | The Week Ahead – Economic Data and Monetary Policy to Keep the Markets Busy | DBO | https://www.nasdaq.com/articles/the-week-ahead-economic-data-and-monetary-policy-to-keep-the-markets-busy-2021-06-20 | nan | nan | FXEmpire.com -
On the Macro
It’s a quieter week ahead on the economic calendar, with 49 stats in focus in the week ending 25th June. In the week prior, 61 stats had been in focus.
For the Dollar:
Private sector PMIs for June are due out on Wednesday. Expect the services PMI to be the key driver.
The focus will then shift to core durable goods orders and jobless claims figures on Thursday.
At the end of the week, inflation and personal spending numbers wrap things up.
Other stats include finalized 1st quarter GDP numbers, durable goods orders, and finalized consumer sentiment figures. These should have a muted impact on the Dollar, however.
On the monetary policy front, FED Chair Powell testimony will draw interest on Tuesday. FOMC member chatter will also need monitoring in the week.
In the week, the Dollar ended the week up by 2.32% to 92.225.
For the EUR:
It’s a busier week on the economic data front.
Early in the week, consumer confidence figures for the Eurozone will be in focus on Tuesday.
The market attention will then shift to prelim private sector PMIs for France, Germany, and the Eurozone are due out on Wednesday.
Expect plenty of interest in the numbers. Following some weak stats from Germany, however, Germany’s manufacturing PMI will likely have a greater impact on the day.
Through the remainder of the week, the German economy remains in focus.
Business confidence and consumer confidence figures are due out on Thursday and Friday.
From the ECB, President Lagarde is scheduled to speak on Monday, with the ECB Economic Bulletin due out on Thursday.
Both will provide the EUR with direction in the week.
The EUR ended the week down by 2.50% to $1.1863.
For the Pound:
It’s a relatively busy week ahead on the economic calendar.
CBI Industrial Trend Orders are due out on Tuesday ahead of prelim private sector PMIs on Wednesday.
Expect the UK’s services PMI to be the key driver.
The main event of the week, however, is the BoE monetary policy decision.
Dissent or hawkish chatter would be needed to give the Pound a boost following the government’s delay on fully reopening the UK.
Away from theeconomic calendar COVID-19 news updates will also be in focus. We have seen the Pound struggle of late, as a result of a spike in new Delta strain cases.
The Pound ended the week down by 2.45% to $1.3810.
For the Loonie:
It’s another quiet week ahead on the economic calendar.
Retail sales figures are due out on Wednesday. With little else for the markets to consider in the week, expect plenty of influence from the numbers.
Crude oil inventory numbers will also influence mid-week.
The Loonie ended the week down 3.15% to C$1.2465 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
It’s a particularly quiet week ahead.
Prelim retail sales figures for May will be in focus on Monday. With no other stats to consider in the week, a larger than expected rise in sales would deliver support.
The Aussie Dollar ended the week down by 3.36% to $0.7479.
For the Kiwi Dollar:
It’s also a quiet week ahead.
Trade data for the 1st quarter will provide direction. The markets will have to wait until Friday for the numbers, however.
The Kiwi Dollar ended the week down by 3.85% to $0.6936.
For the Japanese Yen:
Prelim private sector PMI numbers for June will be in focus on Wednesday. Expect both the services and manufacturing PMIs to draw interest.
The focus will then shift to inflation figures due out on Friday. We don’t expect the numbers to have a material impact on the Yen, however.
The Japanese Yen fell by 0.60% to ¥110.21 against the U.S Dollar.
Out of China
It’s a particularly quiet week ahead, with no major stats to influence market risk sentiment.
While there are no stats to consider, the PBoC will set its Loan Prime Rates on Monday. Any increase in LPRs would catch the markets off-guard.
The Chinese Yuan ended the week down by 0.90% to CNY6.4531 against the U.S Dollar.
Geo-Politics
While there are no major risks to consider on the geopolitical risk front, the markets will need to look out for any rhetoric in the wake of the Iranian Presidential Election. There’s also China, Russia, and North Korea to keep an eye on…
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The market attention will then shift to prelim private sector PMIs for France, Germany, and the Eurozone are due out on Wednesday. CBI Industrial Trend Orders are due out on Tuesday ahead of prelim private sector PMIs on Wednesday. There’s also China, Russia, and North Korea to keep an eye on… This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – June 28th, 2021 Netflix Surges Higher After Upgrade Stocks Gear Up for Monday After Record-Setting Performance The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other stats include finalized 1st quarter GDP numbers, durable goods orders, and finalized consumer sentiment figures. For the Japanese Yen: Prelim private sector PMI numbers for June will be in focus on Wednesday. Out of China It’s a particularly quiet week ahead, with no major stats to influence market risk sentiment. | FXEmpire.com - On the Macro It’s a quieter week ahead on the economic calendar, with 49 stats in focus in the week ending 25th June. In the week, the Dollar ended the week up by 2.32% to 92.225. With little else for the markets to consider in the week, expect plenty of influence from the numbers. | In the week prior, 61 stats had been in focus. With little else for the markets to consider in the week, expect plenty of influence from the numbers. Out of China It’s a particularly quiet week ahead, with no major stats to influence market risk sentiment. | 4e9dd884-a2b3-4965-8b8c-3312b2bbe595 |
708978.0 | 2021-06-15 00:00:00 UTC | Economic Data from China and the UK to Distract the Markets Ahead of the FED | DBO | https://www.nasdaq.com/articles/economic-data-from-china-and-the-uk-to-distract-the-markets-ahead-of-the-fed-2021-06-16 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busier start to the day on the economic calendar this morning. The Kiwi Dollar and the Japanese Yen were in action this morning, with economic data from China in focus later this morning.
For the Kiwi Dollar
Current account figures were out in the early hours.
In the 1st quarter, the current account deficit widened from NZ$2.70bn to NZ$2.90bn, quarter-on-quarter. Economists had forecast a narrowing to NZ$2.23bn.
Year-on-year, the current account deficit widened from NZ$2.55bn to NZ$7.24bn. Economists had forecast a widening to NZ$6.68bn.
The Kiwi Dollar moved from $0.71205 to $0.71215 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.13% to $0.7130.
For the Japanese Yen
Trade data and core machinery orders were in focus this morning.
In April, core machinery orders increased by 0.6%, month-on-month, following a 3.7% rise in March. Economists had forecast a 2.7% rise.
Year-on-year, core machinery orders were up by 6.5% versus a forecasted 8.0% increase. In March, core machinery orders had been down by 2.0% year-on-year.
More significantly, however, Japan’s trade balance slumped from a ¥253.1bn surplus to a ¥187.1bn deficit in May. Economists had forecast a deficit of ¥91.2bn. Exports rose by 49.6%, year-on-year, versus a forecasted 51.3% rise. In April, exports had been up by 38.0%.
According to figures released by the Ministry of Finance,
Exports to China jumped by 23.6%, with exports to Australia and NZ surging by 115.3%.
Exports to the U.S surged by 87.9%, with exports to Western Europe up 69.9%.
Year-on-year, imports increased by 27.9% in May, which was up from 12.8% in April.
The Japanese Yen moved from ¥110.088 to ¥110.093 upon release of the figures. Through the early hours, the Japanese Yen was down by 0.02% to ¥110.10 against the U.S Dollar.
Out of China
Industrial production, retail sales, fixed asset investment, and unemployment figures are due out. Expect the industrial production and retail sales figures to garner the greatest interest.
At the time of writing, the Aussie Dollar was up by 0.03% to $0.7689.
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic data front. 1st quarter wage growth figures for the Eurozone are due out later today.
Barring particularly dire numbers, however, we don’t expect the numbers to have too much impact on the EUR.
The markets will be looking ahead to the FED’s monetary policy decision and projections late in the day. With the ECB doves in control for now, we could see monetary policy divergence weigh on the EUR.
At the time of writing, the EUR was down by 0.03% to $1.2122.
For the Pound
It’s a relatively quiet day ahead on the economic calendar.
Inflation figures for May are due out later this morning. With little else for the markets to consider, expect the numbers to influence.
A delay in the full reopening of the UK may have eased some pressure on the BoE. A marked pickup in inflationary pressure could fuel speculation of a near-term move, however.
At the time of writing, the Pound was down by 0.02% to $1.4081.
Across the Pond
It’s a relatively busy day ahead on the economic calendar. Key stats include building permit and housing start figures from the housing sector. Import and export price index figures are also due out.
With the FED in action later in the day, however, don’t expect the numbers to have much impact on the Greenback.
Near-term direction will be hinged on FED chatter vis-à-vis any tapering and the latest projections… How FED Chair Powell delivers any shift in stance will be key during the press conference.
At the time of writing, the Dollar Spot Index was up by 0.01% to 90.548.
For the Loonie
It’s a busy day ahead on the economic data front. Inflation figures for May are due out along with wholesale sales figures for April.
Expect the inflation figures to have the greatest influence on the Loonie.
Crude oil inventory numbers will also provide direction along with this morning’s economic data from China.
At the time of writing, the Loonie was flat at C$1.2184 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Out of China Industrial production, retail sales, fixed asset investment, and unemployment figures are due out. The markets will be looking ahead to the FED’s monetary policy decision and projections late in the day. Crude oil inventory numbers will also provide direction along with this morning’s economic data from China. | The Kiwi Dollar and the Japanese Yen were in action this morning, with economic data from China in focus later this morning. For the Japanese Yen Trade data and core machinery orders were in focus this morning. The Day Ahead For the EUR It’s a quiet day ahead on the economic data front. | The Kiwi Dollar and the Japanese Yen were in action this morning, with economic data from China in focus later this morning. According to figures released by the Ministry of Finance, Exports to China jumped by 23.6%, with exports to Australia and NZ surging by 115.3%. The Day Ahead For the EUR It’s a quiet day ahead on the economic data front. | FXEmpire.com - Earlier in the Day: It was a busier start to the day on the economic calendar this morning. Exports rose by 49.6%, year-on-year, versus a forecasted 51.3% rise. The markets will be looking ahead to the FED’s monetary policy decision and projections late in the day. | 0d3639e2-cc78-4d71-ada0-338793e010fc |
708979.0 | 2021-06-12 00:00:00 UTC | The Week Ahead – A Busier Economic Calendar and the FED to Keep the Markets Busy | DBO | https://www.nasdaq.com/articles/the-week-ahead-a-busier-economic-calendar-and-the-fed-to-keep-the-markets-busy-2021-06-13 | nan | nan | FXEmpire.com -
On the Macro
It’s a busier week ahead on the economic calendar, with 60 stats in focus in the week ending 18th June. In the week prior, 45 stats had been in focus.
For the Dollar:
Early in the week, Wholesale inflation and retail sales figures will be in focus.
While inflation figures remain a key area of interest, retail sales will likely be the main focal point.
On Thursday, Philly FED Manufacturing and weekly jobless claim figures will also influence.
Other stats include industrial production, housing sector data, and manufacturing numbers out of NY State. We don’t expect these to have too much influence in the week, however.
On the monetary policy front, it will be the FED’s June monetary policy decision that will be the main event.
The markets are expecting discussions on a tapering to the asset purchasing program to begin. Will there be talk of a shift in sentiment towards interest rates? The projections will hold the key.
In the week, the Dollar ended the week up by 0.46% to 90.555.
For the EUR:
It’s a relatively quiet week on the economic data front.
Eurozone industrial production, trade, and wage growth figures are due out Monday through Wednesday.
With little else for the markets to consider, we can expect the numbers to influence.
Finalized inflation figures for May are also due out for France, Germany, Italy, and the Eurozone.
Barring marked revisions to prelim figures, however, the numbers should have limited impact on the EUR.
The EUR ended the week down by 0.48% to $1.2108.
For the Pound:
It’s a busier week ahead on the economic calendar.
Employment figures are due out on Tuesday. Expect claimant counts and the unemployment rate to be the key numbers.
On Wednesday, inflation figures will also influence ahead of retail sales figures on Friday.
Impressive numbers will fuel speculation of a near-term move by the BoE. Much will depend upon the government’s reopening plans, however.
On the monetary policy front, BoE Gov. Bailey is scheduled to speak in the week. Expect any forward guidance to influence.
The Pound ended the week down by 0.35% to $1.4107.
For the Loonie:
It’s another quiet week ahead on the economic calendar.
At the start of the week, manufacturing sales figures are due out ahead of inflation figures on Wednesday.
Expect the inflation figures to be key.
Crude oil inventory numbers will also influence mid-week.
The Loonie ended the week down 0.61% to C$1.2158 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
It’s a quiet week ahead.
Employment figures for May are due out on Thursday. The numbers remain key, with the RBA unwilling to make a move until the slack is removed. Weak numbers would certainly test support levels.
On the monetary policy front, the RBA meeting minutes early in the week will provide direction.
The Aussie Dollar ended the week down by 0.40% to $0.7708.
For the Kiwi Dollar:
It’s also a quiet week ahead.
1st quarter current account and GDP numbers are due out.
Expect the GDP number on Thursday to be key.
Economic data from China will also influence early in the week.
The Kiwi Dollar ended the week down by 1.16% to $0.7130.
For the Japanese Yen:
Finalized industrial production figures are due out at the start of the week. Expect any marked revisions to influence ahead of trade data on Wednesday.
Inflation figures on Friday should have a muted impact, with the BoJ in action at the end of the week.
The Japanese Yen fell by 0.13% to ¥109.66 against the U.S Dollar.
Out of China
Industrial production, retail sales, and fixed asset investments will be in focus.
Following disappointing numbers for April, the markets will be looking for improvement. Weaker numbers would test support for riskier assets on Wednesday.
The Chinese Yuan ended the week down by 0.05% to CNY6.3988 against the U.S Dollar.
Geo-Politics
There are no major risks to consider in the week ahead. Key takeaways from the G7 will likely influence, however.
As always, however, the markets will need to continue monitoring chatter from Capitol Hill and Beijing.
The Iranian presidential election is in the week ahead…
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | While inflation figures remain a key area of interest, retail sales will likely be the main focal point. Other stats include industrial production, housing sector data, and manufacturing numbers out of NY State. The Iranian presidential election is in the week ahead… This article was originally posted on FX Empire More From FXEMPIRE: GBP/USD Daily Forecast – Support At 1.3800 Stays Strong AUD/USD and NZD/USD Fundamental Weekly Forecast – US Economic Data, Powell’s Testimony Sets the Tone Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 21st, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - On the Macro It’s a busier week ahead on the economic calendar, with 60 stats in focus in the week ending 18th June. On Wednesday, inflation figures will also influence ahead of retail sales figures on Friday. At the start of the week, manufacturing sales figures are due out ahead of inflation figures on Wednesday. | FXEmpire.com - On the Macro It’s a busier week ahead on the economic calendar, with 60 stats in focus in the week ending 18th June. In the week, the Dollar ended the week up by 0.46% to 90.555. At the start of the week, manufacturing sales figures are due out ahead of inflation figures on Wednesday. | For the Dollar: Early in the week, Wholesale inflation and retail sales figures will be in focus. With little else for the markets to consider, we can expect the numbers to influence. Expect the inflation figures to be key. | cd099f0c-eb91-451d-b3bc-77408c76b08d |
708980.0 | 2021-06-11 00:00:00 UTC | The Weekly Wrap – Monetary Policy and Economic Data Accompanied Market Optimism | DBO | https://www.nasdaq.com/articles/the-weekly-wrap-monetary-policy-and-economic-data-accompanied-market-optimism-2021-06-11 | nan | nan | FXEmpire.com -
The Stats
It was a quieter week on the economic calendar, in the week ending 11th June.
A total of 45 stats were monitored, following 80 stats from the week prior.
Of the 45 stats, 23 came in ahead forecasts, with 19 economic indicators coming up short of forecasts. There were just 3 stats that were in line with forecasts in the week.
Looking at the numbers, 29 of the stats reflected an upward trend from previous figures. Of the remaining 16 stats, 15 reflected a deterioration from previous.
For the Greenback, economic data and market anticipation ahead of next week’s FOMC policy decision remained the key drivers. In the week ending 11th June, the Dollar Spot Index rose by 0.46% to 90.5550. In the previous week, the Dollar had risen by 0.12% to 90.136.
Out of the U.S
JOLT’s job openings and trade data were in focus early in the week.
The stats were skewed to the positive. In April openings jumped from 8.288m to 9.286m, with April’s trade deficit narrowing from $75.0bn to $68.9bn.
While the stats were market positive, there was limited impact on the Dollar and the broader markets.
The focus was on the weekly jobless claims and inflation figures due out on Thursday.
Also skewed to the positive, the annual core rate of inflation accelerated from 3.0% to 3.8%. Economists had forecast a pickup to 3.4%.
Core consumer prices and consumer prices continued to rise in the month of May and by more than had been expected.
Month-on-month, core consumer prices increased by 0.7% off the back of a 0.9% rise in April.
Initial jobless claim figures were also positive but perhaps not impressive enough to force the FED into action. In the week ending 4th June, initial jobless claims fell from a revised 405k to 376k. Economists had forecast a decline to 370k.
At the end of the week, prelim consumer sentiment figures wrapped things up.
In June, the Michigan Consumer Sentiment index climbed from 82.9 to 86.4. Economists had forecast a rise to 84.0.
In the equity markets, the Dow fell by 0.80%, while the NASDAQ and the S&P500 saw gains of 1.85% and 0.41% respectively.
Out of the UK
It was a relatively quiet week, GDP, manufacturing and industrial production, and trade data in focus.
The markets had to wait until Friday, however, for the numbers.
In April, the UK economy grew by 2.3% in the month, following 2.1% growth in March.
Trade data for April was also positive. The trade deficit narrowed from £11.71bn to £10.96bn, with the non-EU deficit narrowing from £6.55bn to £5.55bn.
While GDP numbers and trade data were positive, production figures disappointed.
Manufacturing production fell by 0.3% versus a forecasted 1.5% increase. Industrial production declined by 1.3% versus a forecasted 1.2% increase.
In the week, the Pound fell by 0.35% to end the week at $1.4107. In the week prior, the Pound had fallen by 0.22% to $1.4147.
The FTSE100 ended the week up by 0.92%, following a 0.66% rise from the previous week.
Out of the Eurozone
It was a busy 1st half of the week on the economic data front.
The German economy was in focus.
In April, German factory orders (-0.20%) and industrial production (-1.00%) unexpectedly fell, following solid gains from March.
A modest increase in Germany’s trade surplus also disappointed, falling short of forecasts.
Economic sentiment figures from Germany and the Eurozone were also skewed to the negative. Sentiment towards the German and the Eurozone economies weakened marginally in June.
The numbers were not enough to spook the markets ahead of Thursday’s ECB policy decision and press conference.
Providing support in the early part of the week were finalized 1st quarter GDP numbers for the Eurozone.
Quarter-on-quarter, the Eurozone economy contracted by a modest 0.3%, revised up from a prelim 0.6% contraction.
In the 2nd half of the week, the focus was on the ECB and the all-important press conference.
Upward revisions to growth and inflation for this year coupled raised the prospects of a possible nearer-term tapering. Talk of unwavering support through the coming months was therefore key. The ECB’s inflation forecasts also pointed to easing inflationary pressures in 2022 and 2023, which also pegged the EUR back.
For the week, the EUR fell by 0.48% to $1.2108. In the week prior, the EUR had fallen by 0.21% to $1.2167.
The DAX30 ended the week flat, while the CAC40 and the EuroStoxx600 rose by 1.30% and by 1.09% respectively.
For the Loonie
It was a quiet week. Economic data was limited to trade data for April, which was positive for the Loonie.
In April, Canada’s trade balance rose from a C$1.35bn deficit to a C$0.59bn surplus.
A further increase in crude oil prices was also Loonie positive.
The main event, however, was the BoC monetary policy decision on Wednesday.
In line with market expectations, the BoC stood pat on monetary policy. Following May’s more hawkish messaging, the BoC took a more cautious approach, avoiding a Loonie rally.
The key takeaway was that the BoC would continue to deliver extraordinary monetary policy support until the 2% inflation target was sustainably achieved.
In the week ending 11th June, the Loonie declined by 0.061% to C$1.2158. In the week prior, the Loonie had fallen by 0.07% to C$1.2084.
Elsewhere
It was a bearish week for the Aussie Dollar and the Kiwi Dollar.
In the week ending 11th June, the Aussie Dollar fell by 0.40% to $0.7708, with the Kiwi Dollar sliding by 1.16% to $0.7130.
For the Aussie Dollar
It was a quiet week. Business and consumer confidence figures were in focus, with the stats skewed to the negative.
In May, the NAB Business Confidence Index slipped from 23 points to 20 points. The modest decline had a limited impact on the Aussie Dollar.
For June, the Westpac Consumer Sentiment Index fell by a further 5.2%. In May, the index had fallen by 4.8%.
Concerns over the a 2-week lockdown in Melbourne weighed on sentiment in the month. Once more, the Aussie Dollar brushed aside the decline.
Market optimism towards the economic outlook and demand for commodities continued to provide support. A U.S Dollar rally from Friday left the Aussie Dollar in the red for the week.
For the Kiwi Dollar
It was also a quiet week.
Electronic card retail sales and Business PMI numbers were in focus.
In May, electronic card retail sales rose by a further 1.7%, following a 4.4% jump in April.
Also positive was an increase in the Business PMI from 58.4 to 58.6. While the headline figure was positive, a slide in the employment sub-index will have been a cause for concern. A marked increase in new orders, however, raises the prospects of a pickup in hiring in the coming months.
For the Japanese Yen
It was a busier week.
Early in the week, finalized 1st quarter GDP numbers were in focus. Upward revisions from prelim numbers were a positive for the Yen.
In the 1st quarter, the economy contracted by 1.0%, revised up from a prelim 1.3% contraction.
At the end of the week, manufacturing sector data disappointed but had a muted impact on the Yen.
For the 2nd quarter, the BSI Large Manufacturing Conditions Index fell from 1.6 to -1.4.
The Japanese Yen fell by 0.13% to ¥109.66 against the U.S Dollar. In the week prior, the Yen had risen by 0.30% to ¥109.52.
Out of China
Trade data and inflation figures were key areas of focus.
Weaker than expected exports tested support for riskier assets at the start of the week.
Exports were up 27.9% year-on-year, falling short of a forecasted 32.1%. In April, exports had been up by 32.3%.
On the inflation front, wholesale inflationary pressures built up further in May. The annual rate of wholesale inflation accelerated from 6.8% to 9.0%. Economists had forecast a pickup to 8.5%.
In the week ending 11th June, the Chinese Yuan fell by 0.05% to CNY6.3988. In the week prior, the Yuan had fallen by 0.42% to CNY6.3953.
The CSI300 and the Hang Seng ended the week down by 1.09% and by 0.26% respectively.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Greenback, economic data and market anticipation ahead of next week’s FOMC policy decision remained the key drivers. The key takeaway was that the BoC would continue to deliver extraordinary monetary policy support until the 2% inflation target was sustainably achieved. This article was originally posted on FX Empire More From FXEMPIRE: Steep Drop in Japan’s Nikkei 225 Drags Major Asia-Pacific Stock Indexes Lower Oil Price Fundamental Weekly Forecast – Traders Eyeing US Dollar, Potential US-Iran Deal; The Crypto Daily – Movers and Shakers – June 21st, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the week ending 4th June, initial jobless claims fell from a revised 405k to 376k. Out of the UK It was a relatively quiet week, GDP, manufacturing and industrial production, and trade data in focus. While GDP numbers and trade data were positive, production figures disappointed. | FXEmpire.com - The Stats It was a quieter week on the economic calendar, in the week ending 11th June. In the week, the Pound fell by 0.35% to end the week at $1.4107. The FTSE100 ended the week up by 0.92%, following a 0.66% rise from the previous week. | In the week ending 11th June, the Dollar Spot Index rose by 0.46% to 90.5550. Trade data for April was also positive. In the week ending 11th June, the Loonie declined by 0.061% to C$1.2158. | 2a45162a-31e1-4296-8b83-4fb55a509e3a |
708981.0 | 2021-06-09 00:00:00 UTC | The ECB Press Conference Puts the EUR in the Spotlight, with U.S Inflation also in Focus | DBO | https://www.nasdaq.com/articles/the-ecb-press-conference-puts-the-eur-in-the-spotlight-with-u.s-inflation-also-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. There were no material stats to provide the markets with direction early in the Asian session.
For the Majors
At the time of writing, the Aussie Dollar was down by 0.04% to $0.7728, with the Kiwi Dollar down by 0.14% to $0.7170.
Through the early hours, the Japanese Yen was flat at ¥109.63 against the U.S Dollar, while
The Day Ahead
For the EUR
It’s a quieter day ahead on the economic data front. French nonfarm payrolls for the 1st quarter are due out ahead of the European open.
We don’t expect too much influence from the numbers, with COVID-19 lockdown measures likely to have influenced.
Later in the day, the ECB will deliver it’s June monetary policy decision, which is the main event of the week.
With the markets expecting the ECB to stand pat on policy, any talk of tapering and the ECB’s outlook on inflation and the economic recovery will be key. Ahead of the meeting, the ECB doves had assured the markets that there would be no tapering to the asset purchasing program any time soon.
At the time of writing, the EUR was down by 0.02% to $1.2178.
For the Pound
It’s another quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
Near-term, the Pound remains torn between an optimistic economic outlook and concerns over new strains of the coronavirus.
At the time of writing, the Pound was down by 0.04% to $1.4112.
Across the Pond
It’s a busier day ahead on theeconomic calendar May inflation and weekly jobless claims figures will be in focus.
Sensitivity to any marked pickup in inflationary pressures will likely spur demand for the Greenback. A marked fall in jobless claims would also add demand for the Dollar ahead of next week’s FOMC meeting. The willingness to begin discussing a tapering to the asset purchasing program coupled with positive stats would raise the prospects of a nearer-term move by the FED.
Away from theeconomic calendar chatter from Capitol Hill will also need monitoring.
The Dollar Spot Index rose by 0.05% to end Wednesday at 90.120.
For the Loonie
It’s a particularly quiet day ahead on the economic data front, with no major stats to consider.
The lack of stats will leave the Loonie in the hands of crude oil prices and OPEC’s monthly report.
At the time of writing, the Loonie was down by 0.01% to C$1.2112 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Across the Pond It’s a busier day ahead on theeconomic calendar May inflation and weekly jobless claims figures will be in focus. The willingness to begin discussing a tapering to the asset purchasing program coupled with positive stats would raise the prospects of a nearer-term move by the FED. This article was originally posted on FX Empire More From FXEMPIRE: GameStop Poised to Trade With Tech Giants in Russell 1000 Silver Price Daily Forecast – Silver Is Under Serious Pressure Natural Gas Price Fundamental Daily Forecast – Buyers Could Find Value at $3.146 to $3.093 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Across the Pond It’s a busier day ahead on theeconomic calendar May inflation and weekly jobless claims figures will be in focus. For the Loonie It’s a particularly quiet day ahead on the economic data front, with no major stats to consider. This article was originally posted on FX Empire More From FXEMPIRE: GameStop Poised to Trade With Tech Giants in Russell 1000 Silver Price Daily Forecast – Silver Is Under Serious Pressure Natural Gas Price Fundamental Daily Forecast – Buyers Could Find Value at $3.146 to $3.093 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Through the early hours, the Japanese Yen was flat at ¥109.63 against the U.S Dollar, while The Day Ahead For the EUR It’s a quieter day ahead on the economic data front. For the Pound It’s another quiet day ahead on the economic calendar. For the Loonie It’s a particularly quiet day ahead on the economic data front, with no major stats to consider. | Ahead of the meeting, the ECB doves had assured the markets that there would be no tapering to the asset purchasing program any time soon. For the Pound It’s another quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction. | 563f8ab3-6349-4aab-b6cd-3c521a072559 |
708982.0 | 2021-06-01 00:00:00 UTC | A Quieter Economic Calendar Leaves the German Economy and the EUR in Focus | DBO | https://www.nasdaq.com/articles/a-quieter-economic-calendar-leaves-the-german-economy-and-the-eur-in-focus-2021-06-02 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quieter start to the day on the economic calendar this morning. The Aussie Dollar was in action this morning.
For the Aussie Dollar
Year-on-year, the economy grew by 1.1% in Q1, after having contracted by 1.0% in the 4th quarter. Economists had forecast growth of 0.6%.
In the 1st quarter, the economy expanded by 1.8%, quarter-on-quarter, coming in ahead of a forecasted 1.5%. In the 4th quarter, the economy had expanded by 3.1%.
According to the ABS,
Private investment rose 5.3%, contributing 0.9 percentage points to growth. A marked increase in machinery and equipment investment, supported by improving business confidence and government tax incentives drove investment northwards.
Dwelling investment increased for a 3rd quarter in a row, up by 6.4%.
Household spending increased by 1.2%, adding 0.7 percentage points to growth. As a result of the easing of COVID-19 restrictions, spending on services rose by 2.4%.
The household saving to income ratio fell marginally but still remained high at 11.6%.
The Aussie Dollar moved from $0.77635 to $0.77729 upon release of the figures. At the time of writing, the was Aussie Dollar was up by 0.17% to $0.7767.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.10% to ¥109.59 against the U.S Dollar, while the Kiwi Dollar was up by 0.10% to $0.7264.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic data front. German retail sales figures for April are due out later this morning.
Following a large increase in March, the markets will be looking for another jump to support the economic recovery.
On the monetary policy front, ECB President Lagarde is also scheduled to speak late in the day.
At the time of writing, the EUR was up by 0.09% to $1.2224.
For the Pound
It’s a quiet day ahead on the economic calendar. There are no material stats from the UK to provide the Pound with direction.
While market optimism towards the UK economic outlook continues to provide support, COVID-19 news updates will influence.
News of new strains of the coronavirus weighed on the Pound early in the week.
At the time of writing, the Pound was up by 0.06% to $1.4158.
Across the Pond
It’s a particularly quiet day ahead on the calendar, with no material stats to provide the Doller with direction.
The lack of stats will leave FOMC member chatter and any news updates from Capitol Hill to influence.
At the time of writing, the Dollar Spot Index was up by 0.04% to 89.866.
For the Loonie
It’s a relatively quiet day ahead on the economic data front. Building permit figures for April are due out later today.
The numbers should have a limited impact on the Loonie, however, with crude oil inventories in focus.
Market optimism towards the economic outlook and upward trend in crude oil prices continue to paint a positive outlook for the Loonie.
At the time of writing, the Loonie was up by 0.10% to C$1.2059 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | While market optimism towards the UK economic outlook continues to provide support, COVID-19 news updates will influence. The lack of stats will leave FOMC member chatter and any news updates from Capitol Hill to influence. This article was originally posted on FX Empire More From FXEMPIRE: The ECB Press Conference Puts the EUR in the Spotlight, with U.S Inflation also in Focus USD/CAD Daily Forecast – Canadian Dollar Is Flat After BoC Interest Rate Decision Today’s Market Wrap Up and Look Ahead to Tomorrow The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. While market optimism towards the UK economic outlook continues to provide support, COVID-19 news updates will influence. For the Loonie It’s a relatively quiet day ahead on the economic data front. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. For the Pound It’s a quiet day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: The ECB Press Conference Puts the EUR in the Spotlight, with U.S Inflation also in Focus USD/CAD Daily Forecast – Canadian Dollar Is Flat After BoC Interest Rate Decision Today’s Market Wrap Up and Look Ahead to Tomorrow The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Household spending increased by 1.2%, adding 0.7 percentage points to growth. For the Loonie It’s a relatively quiet day ahead on the economic data front. At the time of writing, the Loonie was up by 0.10% to C$1.2059 against the U.S Dollar. | f5c21be9-4812-46e2-9803-54fce632f46b |
708983.0 | 2021-05-27 00:00:00 UTC | A Weakening Dollar Could Boost Oil Prices and ‘DBO’ | DBO | https://www.nasdaq.com/articles/a-weakening-dollar-could-boost-oil-prices-and-dbo-2021-05-27 | nan | nan | While a weakening dollar can strengthen commodities like gold, it can also be an indirect play on oil through assets like the Invesco DB Oil Fund (DBO).
A weaker greenback means that other developed markets and emerging markets can purchase dollar-denominated assets like oil. In addition, tighter supply can keep oil prices elevated for some time.
According to a Reuters article: "Crude prices were supported by the decline in the U.S. dollar to a 19-week low versus a basket of currencies as inflation worries recede. A weaker dollar makes it less expensive for holders of other currencies to buy commodities priced in dollars, like oil."
"Oil prices ... remain at high levels as the high season for oil demand is approaching and as restrictions are lifted in much of Europe and the United States," said Louise Dickson, oil markets analyst at Rystad Energy.
Up 40% this year, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. The single index Commodity consists of Light, Sweet Crude Oil (WTI). The fund invests in futures contracts in an attempt to track its corresponding index.
A 'Wait and See' for Oil Prices
Oil prices are at a wait-and-see point with Iran and the United States negotiating a nuclear deal in Vienna this week. Analysts keeping a close watch on negotiations predict that an agreement could equate to an increased supply totaling about 1 million to 2 million barrels per day (bpd).
"Crude prices are in wait-and-see mode until the fifth round of negotiations to revive the Iran nuclear deal are done," said Edward Moya, senior market analyst at OANDA. "Energy traders need to know how much Iranian crude is going to hit the market."
In the meantime, DBO can also be used as a hedging tool against inflation. A rise in commodities like oil can help insulate rate increases should the Fed decide to shift its interest rate policy upward.
"This ETF provides exposure to light sweet crude oil (WTI), which is the most popular oil benchmark in the world," an ETF Database analysis said. "Commodity exposure in a portfolio used to be a binary choice, either one invested in them, or they did not. Now, commodities have been proven as powerful inflation hedging tools with the power to generate powerful returns for an individual portfolio."
For more news and information, visit the Innovative ETFs Channel.
Read more on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | While a weakening dollar can strengthen commodities like gold, it can also be an indirect play on oil through assets like the Invesco DB Oil Fund (DBO). Up 40% this year, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. In the meantime, DBO can also be used as a hedging tool against inflation. | While a weakening dollar can strengthen commodities like gold, it can also be an indirect play on oil through assets like the Invesco DB Oil Fund (DBO). Up 40% this year, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. In the meantime, DBO can also be used as a hedging tool against inflation. | Up 40% this year, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. While a weakening dollar can strengthen commodities like gold, it can also be an indirect play on oil through assets like the Invesco DB Oil Fund (DBO). In the meantime, DBO can also be used as a hedging tool against inflation. | While a weakening dollar can strengthen commodities like gold, it can also be an indirect play on oil through assets like the Invesco DB Oil Fund (DBO). Up 40% this year, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. In the meantime, DBO can also be used as a hedging tool against inflation. | 6d903ac8-3b80-4012-ab5b-8a4272452ea5 |
708984.0 | 2021-05-22 00:00:00 UTC | The Week Ahead – Economic Data and the RBNZ in Focus | DBO | https://www.nasdaq.com/articles/the-week-ahead-economic-data-and-the-rbnz-in-focus-2021-05-23 | nan | nan | FXEmpire.com -
On the Macro
It’s a quiet week ahead on the economic calendar, with 36 stats in focus in the week ending 28th May. In the week prior, 69 stats had been in focus.
For the Dollar:
In a quiet 1st half of the week, consumer confidence figures for May are due out. Following disappointing NFP and retail sales figures, expect plenty of interest in the May figures.
After a quiet Wednesday, the focus will then shift to core durable goods orders, 2nd estimate GDP numbers, and jobless claim figures on Thursday.
At the end of the week, inflation personal spending, and finalized consumer sentiment figures will also influence.
In the week, the Dollar ended the week down by 0.34% to 90.017.
For the EUR:
It’s a quieter week on the economic data front.
From Germany, final 1st quarter GDP numbers are due out along with business and consumer sentiment figures.
Expect plenty of influence from the numbers, with both business investment and consumer spending key to any sustainable economic recovery.
At the end of the week, French consumer spending, inflation, and final 1st quarter GDP numbers are also due out.
Barring any marked revision to the GDP numbers, consumer spending and inflation will likely garner the greatest interest.
The EUR ended the week up by 0.34% to $1.2182.
For the Pound:
It’s a particularly quiet week ahead on the economic calendar. There are no material stats due out of the UK.
A lack of stats will leave COVID-19 news and the ongoing easing of lockdown measures to provide direction.
The Pound ended the week up by 0.38% to $1.4150.
For the Loonie:
It’s also a particularly quiet week ahead on the economic calendar.
There are no material stats to provide the Loonie with direction. With no stats to consider, crude oil inventory numbers and market risk sentiment will influence in the week ahead.
We continue to see any downside for the Loonie to be modest.
The Loonie ended the week up 0.31% to C$1.2066 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
It’s yet another relatively quiet week ahead.
Key stats include construction work done and new CAPEX figures for the first quarter.
With business investment key to the ongoing economic recovery, expect the CAPEX figures to be key.
The Aussie Dollar ended the week down by 0.50% to $0.7732.
For the Kiwi Dollar:
It’s a busier week ahead.
Early in the week, retail sales figures for the 1st quarter will influence ahead of trade data for April on Wednesday.
The RBNZ monetary policy decision will be the main event on Wednesday, however.
With the markets expecting the RBNZ to stand pat, the rate statement and press conference will be the key drivers. A number of central banks have recently delivered hawkish statements…
The Kiwi Dollar ended the week down by 1.05% to $0.7174.
For the Japanese Yen:
It is a quieter week ahead.
Inflation figures for Tokyo are due out at the end of the week. Expect core inflation figures for May to garner the greatest interest, though we don’t expect too much influence on the Yen.
The Japanese Yen rose by 0.36% to ¥108.96 against the U.S Dollar.
Out of China
It’s a quiet week ahead, with no material stats for the markets to consider.
The Chinese Yuan ended the week down by 0.05% to CNY6.4340 against the U.S Dollar.
Geo-Politics
There are no major risks to consider in the week ahead.
With the Iranian presidential elections coming up and moderate Rouhani on the way out, however, there could be question marks over the nuclear agreement… Election Day is June, 18th.
As always, the markets will also need to monitor chatter from Capitol Hill and Beijing.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | After a quiet Wednesday, the focus will then shift to core durable goods orders, 2nd estimate GDP numbers, and jobless claim figures on Thursday. Expect plenty of influence from the numbers, with both business investment and consumer spending key to any sustainable economic recovery. Early in the week, retail sales figures for the 1st quarter will influence ahead of trade data for April on Wednesday. | Expect plenty of influence from the numbers, with both business investment and consumer spending key to any sustainable economic recovery. At the end of the week, French consumer spending, inflation, and final 1st quarter GDP numbers are also due out. With business investment key to the ongoing economic recovery, expect the CAPEX figures to be key. | FXEmpire.com - On the Macro It’s a quiet week ahead on the economic calendar, with 36 stats in focus in the week ending 28th May. At the end of the week, inflation personal spending, and finalized consumer sentiment figures will also influence. In the week, the Dollar ended the week down by 0.34% to 90.017. | From Germany, final 1st quarter GDP numbers are due out along with business and consumer sentiment figures. The Loonie ended the week up 0.31% to C$1.2066 against the U.S Dollar. Out of China It’s a quiet week ahead, with no material stats for the markets to consider. | 3866f076-98d7-44fa-ac9b-9a268e457b14 |
708985.0 | 2021-05-18 00:00:00 UTC | Economic Data Puts the EUR and the Pound in Focus Ahead of the FOMC Meeting Minutes | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-and-the-pound-in-focus-ahead-of-the-fomc-meeting-minutes-2021 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action in the early hours.
Later this morning, the Aussie Dollar and Japanese Yen will also be in focus. From Australia, consumer sentiment figures for May will draw plenty of interest. A pickup in consumer sentiment would support the RBA’s economic outlook.
For the Japanese Yen, finalized industrial production figures for March are due out later this morning. Barring a marked revision from prelim figures, however, we don’t expect too much influence on the Yen.
For the Kiwi Dollar
Wholesale inflation was in focus this morning.
In the 1st quarter, the producer input price index increased by 2.1%, quarter-on-quarter, following a 0.6% rise in the 4th quarter of last year.
According to NZ Stats,
Prices paid for electricity and gas supply producers rose 28.7% in the March quarter. The jump in wholesale prices for electricity generation was attributed to lower lake levels in the South Island.
The Kiwi Dollar moved from $0.72430 to $0.72446 upon release of the minutes. At the time of writing, the Kiwi Dollar was up by 0.05% to $0.72419.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.02% to ¥108.92 against the U.S Dollar, while the Aussie Dollar was up by 0.03% to $0.7794.
The Day Ahead
For the EUR
It’s a relatively busy day ahead on the economic data front. Finalized April inflation figures for the Eurozone are due out later today.
Expect any upward revisions to prelim figures to deliver EUR support.
With the markets focused on the FOMC meeting minutes late in the day, however, upside could be limited on the day.
At the time of writing, the EUR was flat at $1.2222.
For the Pound
It’s a relatively busy day ahead on the economic calendar. Inflation figures for April are due out later today.
Following upbeat employment figures for April, a pickup in inflationary pressures would deliver the Pound with further support.
At the time of writing, the Pound was down by 0.02% to $1.4187.
Across the Pond
It’s a quiet day ahead on the economic calendar. There are no material stats due out of the U.S to provide the Greenback with direction later today.
While there are no stats, monetary policy is back in focus. The FOMC meeting minutes due out late in the day will be the key driver on the day.
The markets will be in search of a broad agreement that inflation alone would not be enough to cause a shift in policy.
On Tuesday the Dollar Spot Index fell by 0.46% to end the day at 89.750.
For the Loonie
It’s a relatively busy day ahead on the economic calendar. Inflation figures for April are due out later today.
Expect plenty of influence from today’s stats. Crude oil inventory numbers will also provide direction, however.
At the time of writing, the Loonie was flat at C$1.2066 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to NZ Stats, Prices paid for electricity and gas supply producers rose 28.7% in the March quarter. The jump in wholesale prices for electricity generation was attributed to lower lake levels in the South Island. This article was originally posted on FX Empire More From FXEMPIRE: US Stock Futures: Low Volatility, Low Volume Ahead of Latest Data on US Weekly Jobless Claims E-mini S&P 500 Index (ES) Futures Technical Analysis – Trader Reaction to 4177.50 Set Tone into Close E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Trend Up, but Momentum Has Turned Down The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Japanese Yen, finalized industrial production figures for March are due out later this morning. Expect any upward revisions to prelim figures to deliver EUR support. With the markets focused on the FOMC meeting minutes late in the day, however, upside could be limited on the day. | FXEmpire.com - Earlier in the Day: It was a relatively quiet start to the day on the economic calendar this morning. Elsewhere At the time of writing, the Japanese Yen was down by 0.02% to ¥108.92 against the U.S Dollar, while the Aussie Dollar was up by 0.03% to $0.7794. The Day Ahead For the EUR It’s a relatively busy day ahead on the economic data front. | For the Kiwi Dollar Wholesale inflation was in focus this morning. Elsewhere At the time of writing, the Japanese Yen was down by 0.02% to ¥108.92 against the U.S Dollar, while the Aussie Dollar was up by 0.03% to $0.7794. Expect plenty of influence from today’s stats. | ead5eb96-0b60-433b-94b2-d9706b7c8119 |
708986.0 | 2021-05-13 00:00:00 UTC | Economic Data from the U.S Puts the U.S Dollar Back in the Spotlight… | DBO | https://www.nasdaq.com/articles/economic-data-from-the-u.s-puts-the-u.s-dollar-back-in-the-spotlight...-2021-05-14 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was another quiet start to the day on the economic calendar this morning. The Kiwi Dollar was in action in the early part of the day.
The Kiwi Dollar
In April, the Business PMI slipped from 63.6 to 58.4.
According to the April survey,
While down from March, it was the second highest reading since July 2020.
In April, the production sub-index (64.5) and new orders sub-index (60.9) remained key drivers. The new orders sub-index fell from 72.3 to 60.9, with the production sub-index falling from 66.5 to 64.5.
Both employment (52.7) and finished stocks (55.2%) remained at similar levels as seen in March.
Deliveries of raw materials slid by 10.6 points to 52.4, however.
The Kiwi Dollar moved from $0.71863 to $0.71853 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.08% to $0.7180.
The Majors
At the time of writing, the Japanese Yen was down by 0.12% to ¥109.60 against the U.S Dollar, with the Aussie Dollar down by 0.01% to $0.7729.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic data front. Finalized inflation figures for Spain are due out later today.
Barring a marked revision from prelim figures, however, the numbers should have a muted impact on the EUR.
Market risk sentiment, driven in part by economic data from the U.S and optimism towards the Eurozone economic recovery should continue to support near-term.
At the time of writing, the EUR was up by 0.02% to $1.2083.
For the Pound
It’s another particularly quiet day ahead on the economic calendar. There are also no material stats to provide the Pound with direction.
The continued reopening of the UK economy and market optimism towards a speedy economic recovery should continue to support the Pound.
At the time of writing, the Pound was down by 0.02% to $1.4049.
Across the Pond
It’s another relatively busy day ahead on the economic calendar. Retail sales, industrial production, and consumer sentiment figures will be in focus later today.
Expect the retail sales and consumer sentiment figures to be the key drivers.
Away from theeconomic calendar chatter from Capitol Hill will also need monitoring.
At the time of writing, the Dollar Spot Index was down by 0.01% to 90.739.
For the Loonie
It’s a relatively quiet day ahead on theeconomic calendar Wholesale sales and manufacturing sales figures are out later today.
Barring particularly dire numbers, however, the stats should have a relatively muted impact on the Loonie.
Upbeat sentiment towards demand for crude oil and also the Canadian economic outlook remain positives for the Loonie.
At the time of writing, the Loonie was down by 0.02% to C$1.2165 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Retail sales, industrial production, and consumer sentiment figures will be in focus later today. Upbeat sentiment towards demand for crude oil and also the Canadian economic outlook remain positives for the Loonie. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD Forex Technical Analysis – Upside Momentum Could Surge on Sustained Move Over .7770 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 21st, 2021 A Busy Economic Calendar Puts the EUR, the Loonie, the Pound, and the U.S Dollar in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In April, the production sub-index (64.5) and new orders sub-index (60.9) remained key drivers. For the Loonie It’s a relatively quiet day ahead on theeconomic calendar Wholesale sales and manufacturing sales figures are out later today. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD Forex Technical Analysis – Upside Momentum Could Surge on Sustained Move Over .7770 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 21st, 2021 A Busy Economic Calendar Puts the EUR, the Loonie, the Pound, and the U.S Dollar in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. For the Loonie It’s a relatively quiet day ahead on theeconomic calendar Wholesale sales and manufacturing sales figures are out later today. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD Forex Technical Analysis – Upside Momentum Could Surge on Sustained Move Over .7770 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 21st, 2021 A Busy Economic Calendar Puts the EUR, the Loonie, the Pound, and the U.S Dollar in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Pound It’s another particularly quiet day ahead on the economic calendar. For the Loonie It’s a relatively quiet day ahead on theeconomic calendar Wholesale sales and manufacturing sales figures are out later today. At the time of writing, the Loonie was down by 0.02% to C$1.2165 against the U.S Dollar. | 05132c18-70f9-443a-934e-c6d6f2f4d280 |
708987.0 | 2021-05-11 00:00:00 UTC | Economic Data Puts the Pound and the Greenback in Focus | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-pound-and-the-greenback-in-focus-2021-05-12 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. There were no major stats to provide the majors with direction ahead of inflation figures from the U.S later today.
The Majors
At the time of writing, the Japanese Yen was down by 0.20% to ¥108.84 against the U.S Dollar. the Aussie Dollar was down by 0.23% to $0.7824, with the Kiwi Dollar down by 0.33% to $0.7251.
The Day Ahead:
For the EUR
It’s a relatively busy day ahead on the economic data front. Industrial production figures for the Eurozone and finalized member state inflation figures for April will be in focus.
Barring marked revisions from prelim inflation figures, expect industrial production numbers for the Eurozone to be key.
Following some disappointing stats from the U.S last week, expect the EUR to be more sensitive to any weak numbers.
At the time of writing, the EUR was down by 0.11% to $1.2135.
For the Pound
It’s a particularly busy day ahead on the economic calendar. 1st quarter GDP numbers are due out along with industrial and manufacturing production figures. Trade data for March are also due out.
Expect the GDP, manufacturing production, and trade data to have the greatest impact on the Pound.
The BoE has turned hawkish, Unlike other central banks battling with the COVID-19 pandemic, the BoE also had to deal with Brexit. That suggests an earlier shift in policy than most as the UK economy reopens ahead of its peers across the EU.
On the monetary policy front, BoE Governor Bailey is scheduled to speak later in the day. Expect any views on today’s stats and on the economic outlook to draw interest.
At the time of writing, the Pound was down by 0.17% to $1.4118.
Across the Pond
It’s a relatively quiet day ahead on the economic calendar. April inflation figures are due out later today.
Following market angst over inflation in the early part of the week, we can expect a responsive Dollar to the numbers.
At the time of writing, the Dollar Spot Index was up by 0.15% to 90.277.
For the Loonie
It’s another quiet day ahead on the economic calendar. There are no material stats to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil inventories, the IEA’s monthly report, and market risk sentiment.
Expect any downside for the Loonie to be limited, however.
At the time of writing, the Loonie was down by 0.04% to C$1.2107 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Barring marked revisions from prelim inflation figures, expect industrial production numbers for the Eurozone to be key. The lack of stats will leave the Loonie in the hands of crude oil inventories, the IEA’s monthly report, and market risk sentiment. This article was originally posted on FX Empire More From FXEMPIRE: Oil Bears Hold Sway as COVID-19 Stages a Big Comeback AUD/USD and NZD/USD Fundamental Daily Forecast – Struggling with Chart Resistance Ahead of Fed Minutes European Equities Finalized Eurozone Inflation Figures in Focus Ahead of the FOMC Minutes The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | There were no major stats to provide the majors with direction ahead of inflation figures from the U.S later today. Barring marked revisions from prelim inflation figures, expect industrial production numbers for the Eurozone to be key. This article was originally posted on FX Empire More From FXEMPIRE: Oil Bears Hold Sway as COVID-19 Stages a Big Comeback AUD/USD and NZD/USD Fundamental Daily Forecast – Struggling with Chart Resistance Ahead of Fed Minutes European Equities Finalized Eurozone Inflation Figures in Focus Ahead of the FOMC Minutes The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead: For the EUR It’s a relatively busy day ahead on the economic data front. For the Loonie It’s another quiet day ahead on the economic calendar. This article was originally posted on FX Empire More From FXEMPIRE: Oil Bears Hold Sway as COVID-19 Stages a Big Comeback AUD/USD and NZD/USD Fundamental Daily Forecast – Struggling with Chart Resistance Ahead of Fed Minutes European Equities Finalized Eurozone Inflation Figures in Focus Ahead of the FOMC Minutes The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead: For the EUR It’s a relatively busy day ahead on the economic data front. There are no material stats to provide the Loonie with direction. At the time of writing, the Loonie was down by 0.04% to C$1.2107 against the U.S Dollar. | 0411e980-9d46-498e-a1ad-03c2060cd10c |
708988.0 | 2021-05-10 00:00:00 UTC | Economic Data Puts the EUR and the Dollar in Spotlight, with BoE Governor Bailey also in Focus | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-and-the-dollar-in-spotlight-with-boe-governor-bailey-also-in | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busier start to the day on the economic calendar this morning. The Kiwi Dollar, the British Pound, and the Japanese Yen were in action early this morning, with economic data from China also in focus.
The Kiwi Dollar
In April, electronic card retail sales rose by 4.0%, following a 0.8% increase in March.
According to NZ Stats,
Spending increased across all the core retail industries, with the exception of the motor vehicles industry.
The fuel (+5%) and apparel (+8%) industries saw the largest increases in spending, while spending on motor vehicle slipped by 0.2%.
Total card spending surged by 117% between April 2020 and April 2021. April 2020 had been the first full month that New Zealand spent in lockdown.
The Kiwi Dollar moved from $0.72670 to $72681 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.27% to $0.7257.
For the Japanese Yen
According to the Statistic Bureau, household spending jumped by 7.2% in March, following a 2.4% rise in February. Economists had forecast a 2.1% increase in spending. Year-on-year, spending was up by 6.2%. In February, spending had been down by 6.6%. Economists had forecast spending to increase by 1.5%.
The Japanese Yen moved from ¥108.830 to ¥108.819 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.12% to ¥108.94 against the U.S Dollar.
From China
Inflation figures were in focus this morning.
In April, consumer prices fell by 0.3%, month-on-month, following a 0.5% decline in March. Economists had forecast a 0.2% decline.
The annual rate of inflation picked up, however, from 0.4% to 0.9% versus a forecasted 1.0%.
Wholesale inflationary pressures also accelerated at the turn of the quarter. The annual rate of wholesale inflation ticked up from 4.4% to 6.8% in April. Economists had forecasted 6.5%.
The Aussie Dollar moved from $0.78294 to $0.78327 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.04% to $0.78317.
The Day Ahead
For the EUR
It’s a relatively quiet day ahead on the economic data front. ZEW economic sentiment figures for Germany and the Eurozone are due out.
The markets are expecting improved sentiment supported by the pickup in vaccination rates across the EU. Weaker sentiment would weigh on the EUR early in the European session.
At the time of writing, the EUR was up by 0.02% to $1.2131.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
While there are no stats to consider, BoE Governor Bailey is scheduled to speak late in the day. Expect any chatter on policy or the economic outlook to provide direction.
Early this morning, retail sales figures impressed as a result of the ongoing reopening of the UK economy. According to the BRC, retail sales jumped by 39.6% in April, year-on-year. In March, retail sales had been up by 20.30%.
At the time of writing, the Pound was down by 0.01% to $1.4116.
Across the Pond
It’s another quiet day ahead on the economic calendar. JOLTs job openings for March are due out later today.
Following the disappointing nonfarm payroll figures from last week, we can expect more sensitivity than normal to the numbers.
A markedly lower number of openings would question the optimistic outlook on the labor market recovery.
At the time of writing, the Dollar Spot Index was up by 0.09% to 90.293.
For the Loonie
It’s a quiet day ahead on the economic calendar. There are no material stats to provide the Loonie with direction.
While there area no material stats to consider, OPEC’s monthly report is due out and will influence crude oil prices.
The focus will likely be on demand that has continued to support the upward trend in crude oil prices.
At the time of writing, the Loonie was down by 0.04% to C$1.2107 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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Gold Forecast – Gold Confirms Breakout Despite Stubbornly Bearish Sentiment
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Kiwi Dollar, the British Pound, and the Japanese Yen were in action early this morning, with economic data from China also in focus. Early this morning, retail sales figures impressed as a result of the ongoing reopening of the UK economy. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD Forex Technical Analysis – Strengthens Over .7790, Weakens Under .7769 Dogecoin – Daily Tech Analysis – May 18th, 2021 Gold Forecast – Gold Confirms Breakout Despite Stubbornly Bearish Sentiment The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Kiwi Dollar, the British Pound, and the Japanese Yen were in action early this morning, with economic data from China also in focus. The Kiwi Dollar In April, electronic card retail sales rose by 4.0%, following a 0.8% increase in March. Early this morning, retail sales figures impressed as a result of the ongoing reopening of the UK economy. | The Kiwi Dollar, the British Pound, and the Japanese Yen were in action early this morning, with economic data from China also in focus. The Kiwi Dollar In April, electronic card retail sales rose by 4.0%, following a 0.8% increase in March. The Day Ahead For the EUR It’s a relatively quiet day ahead on the economic data front. | Total card spending surged by 117% between April 2020 and April 2021. Economists had forecast a 2.1% increase in spending. Expect any chatter on policy or the economic outlook to provide direction. | e87a024d-5020-474d-9616-2b2fdbbbd877 |
708989.0 | 2021-05-09 00:00:00 UTC | A Quiet Economic Calendar Leaves Eurozone Stats and FOMC Member Chatter in Focus | DBO | https://www.nasdaq.com/articles/a-quiet-economic-calendar-leaves-eurozone-stats-and-fomc-member-chatter-in-focus-2021-05 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. The Aussie Dollar was in action early this morning.
For the Aussie Dollar
Business confidence and finalized retail sales figures were in focus the this morning.
In April, the NAB Business Confidence Index climbed from 15 to a record high 26. Economists had forecast a rise to 18.
According to the April Survey,
Business conditions reset last month’s record high, rising to a new high +32 points. Trading, profitability, and employment all hit new highs.
Forward orders and capacity utilization also hit new highs.
The services and mining sectors led the way, while all sectors were in well into positive territory.
In March, retail sales rose by 1.3%, which was down from a prelim 1.4% increase. Retail sales had fallen by 0.8% in February.
According to the ABS,
Food retailing fell by 0.9%, with household goods retailing declining by 0.1%.
Clothing, footwear, and personal accessory retailing jumped by 5.4%, however, with department store sales surging by 8.5%.
Other retailing (+1.4%) and cafes, restaurants, & takeaway food services (+4.8%) also delivered.
Compared with March 2020, sales was up 2.2%.
The Aussie Dollar moved from $0.78491 to $0.78506 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.08% to $0.7850.
Elsewhere
At the time of writing, the Japanese Yen was down by 0.23% to ¥108.85 against the U.S Dollar, while the Kiwi Dollar was up by 0.01% to $0.7279.
The Day Ahead:
For the EUR
It’s a quiet day ahead on the economic data front. There are no material stats from the Eurozone to provide the EUR with direction. With no material stats to consider on the day, Sentix Investor Confidence figures for the Eurozone will draw interest early in the day.
At the time of writing, the EUR was down by 0.07% to $1.2158.
For the Pound
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
With the UK reopening and following the more hawkish stance by the BoE, the Pound should continue to support the upside.
At the time of writing, the Pound was up by 0.34% to $1.4032.
Across the Pond
It’s a quiet day ahead on the economic calendar. There are no material stats to provide the Greenback with direction.
Following last week’s slide and the lack of stats, any FOMC member chatter on the economy or monetary policy will influence.
Expect any moves from Capitol Hill to address concerns over labor market conditions to also draw interest.
At the time of writing, the Dollar Spot Index was up by 0.02% to 90.249.
For the Loonie
It’s a quiet day ahead on the economic calendar. There are no material stats to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices.
At the time of writing, the Loonie was up by 0.11% to C$1.2120 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Following last week’s slide and the lack of stats, any FOMC member chatter on the economy or monetary policy will influence. Expect any moves from Capitol Hill to address concerns over labor market conditions to also draw interest. This article was originally posted on FX Empire More From FXEMPIRE: GBP/USD Daily Forecast – Test Of Resistance At 1.4080 Asia-Pacific Currencies – Rapid Rise in US Inflation Caps Aussie, Kiwi, Yen Before Fed Stops the Selling Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 17th, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar Business confidence and finalized retail sales figures were in focus the this morning. With no material stats to consider on the day, Sentix Investor Confidence figures for the Eurozone will draw interest early in the day. For the Pound It’s a particularly quiet day ahead on the economic calendar. | For the Aussie Dollar Business confidence and finalized retail sales figures were in focus the this morning. The Day Ahead: For the EUR It’s a quiet day ahead on the economic data front. With no material stats to consider on the day, Sentix Investor Confidence figures for the Eurozone will draw interest early in the day. | For the Aussie Dollar Business confidence and finalized retail sales figures were in focus the this morning. According to the April Survey, Business conditions reset last month’s record high, rising to a new high +32 points. With no material stats to consider on the day, Sentix Investor Confidence figures for the Eurozone will draw interest early in the day. | 3d9a8beb-6935-4f45-b4e6-08e6e50f1c52 |
708990.0 | 2021-04-20 00:00:00 UTC | Economic Data Puts the Pound and the Loonie in Focus ahead of the BoC Policy Decision | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-pound-and-the-loonie-in-focus-ahead-of-the-boc-policy-decision-2021 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busier start to the day on the economic calendar this morning. The Kiwi Dollar and the Aussie Dollar were in action in the early part of the Asian session.
For the Kiwi Dollar
Inflation figures were in focus in the early hours.
In the 1st quarter, the annual rate of inflation ticked up from 1.4% to 1.5%. Economists had forecast an annual rate of inflation of 1.4%. Quarter-on-quarter, consumer prices rose by 0.8%, following a 0.5% increase in the 4th quarter. Economists had forecast a 0.7% rise.
According to NZ Stats,
Quarterly Change
Prices for transport rose by 3.9%, driven by higher prices for private transport supplies and services and purchase of vehicles.
Housing and household utilities rose 0.9%, with prices for alcoholic beverages and tobacco increasing by 1.6%. A 2.7% increase in prices for cigarettes and tobacco drove prices higher.
Food prices rose by a more modest 0.6%
Annual Change
Housing and household utilities rose by 2.6%, with food prices increasing by 1.1%.
Alcoholic beverages and tobacco increased by 2.5%.
The Kiwi Dollar moved from $0.71706 to $0.71724 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.05% to $0.7184.
For the Aussie Dollar
Retail sales was in focus this morning.
In March, retail sales rose by 1.4% according to prelim figures, reversing a 0.8% decline from February.
According to the ABS,
Cafes, restaurants, and takeaway food services (+6%) led the industry rises.
Clothing, footwear, and personal accessory retailing and department store sales were also on the rise.
Food retailing fell by 1%, however.
Through the year, sales rose 2.3% in March 2021 compared with March 2020. In February, sales had risen by 9.1% year-on-year.
The Aussie Dollar moved from $0.77210 to $0.77312 upon release of the stats. At the time of writing, the Aussie Dollar was up by 0.09% to $0.77299.
Elsewhere
At the time of writing, the Japanese Yen was up by 0.16% to ¥107.94 against the U.S Dollar.
The Day Ahead:
For the EUR
It’s a particularly quiet day ahead on theeconomic calendar There are no material stats due out of the Eurozone to provide the EUR with direction. A lack of stats will leave the EUR in the hands of COVID-19 vaccine news and geopolitics.
At the time of writing, the EUR was up by 0.03% to $1.2040.
For the Pound
It’s a busy day ahead on the economic calendar.
Inflation figures for March are due out later today. We can expect Pound sensitivity to the numbers, with the markets expecting a continued pickup in inflationary pressures.
Away from theeconomic calendar the ongoing reopening of the UK economy should continue to provide Pound support.
At the time of writing, the Pound was up by 0.08% to $1.3948.
Across the Pond
It’s yet another quiet day ahead on the economic calendar. There are no material stats to provide the Greenback and the broader markets with direction.
The lack of stats will continue to leave chatter from Capitol Hill and U.S foreign policy in focus.
At the time of writing, the Dollar Spot Index was down by 0.06% to 91.186.
For the Loonie
It’s busy day ahead on theeconomic calendar March inflation figures are due out later today.
While we expect some Loonie sensitivity to the numbers, any major moves may be on hold, however.
The Bank of Canada’s first monetary policy decision of the quarter will draw plenty of attention.
With the markets are expecting the BoC to stand pat, the BoC’s monetary policy report will draw the greatest interest.
Fresh spikes in new COVID-19 cases could test member optimism and the Loonie.
Away from theeconomic calendar crude oil inventory numbers will also draw interest on the day.
At the time of writing, the Loonie was up by 0.07% to C$1.2600 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Away from theeconomic calendar the ongoing reopening of the UK economy should continue to provide Pound support. For the Loonie It’s busy day ahead on theeconomic calendar March inflation figures are due out later today. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Has Yet Another Bullish Day Silver Price Forecast – Silver Markets Continue Same Consolidation S&P 500 Price Forecast – Stock Markets Continue to Wait on Fed The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Food prices rose by a more modest 0.6% Annual Change Housing and household utilities rose by 2.6%, with food prices increasing by 1.1%. For the Loonie It’s busy day ahead on theeconomic calendar March inflation figures are due out later today. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Has Yet Another Bullish Day Silver Price Forecast – Silver Markets Continue Same Consolidation S&P 500 Price Forecast – Stock Markets Continue to Wait on Fed The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Food prices rose by a more modest 0.6% Annual Change Housing and household utilities rose by 2.6%, with food prices increasing by 1.1%. The Day Ahead: For the EUR It’s a particularly quiet day ahead on theeconomic calendar There are no material stats due out of the Eurozone to provide the EUR with direction. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Has Yet Another Bullish Day Silver Price Forecast – Silver Markets Continue Same Consolidation S&P 500 Price Forecast – Stock Markets Continue to Wait on Fed The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar Retail sales was in focus this morning. For the Loonie It’s busy day ahead on theeconomic calendar March inflation figures are due out later today. At the time of writing, the Loonie was up by 0.07% to C$1.2600 against the U.S Dollar. | 7e8b2c93-61cd-4a9c-91b8-5391763e21ad |
708991.0 | 2021-04-13 00:00:00 UTC | Economic Data and Central Bank Commentary Keep the EUR and Greenback in Focus | DBO | https://www.nasdaq.com/articles/economic-data-and-central-bank-commentary-keep-the-eur-and-greenback-in-focus-2021-04-14 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively busy start to the day on the economic calendar this morning. The Japanese Yen and the Aussie Dollar were in focus this morning, with the RBNZ also in action.
For the Japanese Yen
Core machinery orders were in focus this morning.
In February, core machinery orders slid by 8.5% month-on-month, following a 4.5% decline in January. Year-on-year, orders were down by 7.1%. In January, core machinery orders had been up by 1.5%.
Economists had forecast core machinery orders to increase by 2.8% in the month and to rise by 2.3% year-on-year.
The Japanese Yen moved from ¥108.927 to ¥108.861 upon release of the figures. At the time of writing, the Japanese Yen was up by 0.18% to ¥108.86 against the U.S Dollar.
For the Kiwi Dollar
While there were no material stats to consider, the RBNZ delivered its April monetary policy decision this morning.
In line with market expectations, the RBNZ left the cash rate unchanged at 0.25%.
Salient points from the RBNZ Rate Statement included:
The global growth outlook has improved, though the recover in growth is uneven across countries.
COVID-19 mutations continue to provide uncertainty over the economic outlook.
Economic activity in NZ slowed over the summer before a rebound in domestic activity.
December quarter GDP was weaker than expected and more recent indicators suggest that momentum has reduced.
Members noted that supply chain disruptions could constrain economic domestic economic activity near-term.
Business credit growth and investment also remains subdued.
New government housing policies will likely dampen house price growth. It may take time, however, to see any implications on price inflation and employment.
Near-term price increases are likely and these will see headline inflation exceed 2% for a period. Price increases are likely to be temporary, however.
Employment is below its maximum sustainable level and expect employment to increase gradually.
Overall risks to the economic outlook remain balanced, supported by ongoing stimulatory fiscal and monetary policies.
The Committee agreed to maintain its current stimulatory monetary settings until it is confident that consumer price inflation will be sustained at the 2% per annum target midpoint, and that employment is at or above its maximum sustainable level.
A prolonged period of time is expected to pass before these conditions are met.
The Committee agreed that it was prepared to lower the Official Cash Rate if required.
The Kiwi Dollar moved from $0.70580 to $0.70556 in response to the rate statement. At the time of writing, the Kiwi Dollar up by 0.14% to $0.7063.
For the Aussie Dollar
Consumer confidence was in focus following business confidence figures on Tuesday.
In April, the Westpac Consumer Confidence Index rose by 6.2% to 118.8, its highest level since Aug-2010. In March, the index had risen by 2.6% to 111.8.
According to the latest Westpac Report,
Family finances vs a year ago jumped by 13.4% to 103.5, with family finances next 12-months up by 5.4% to 117.6.
Economic conditions next 12-months increased by 10.3% to 125.5, with conditions next 5-years up by 4.1% to 123.8.
Significantly, the economic conditions next 12-months was up 133.8% year-on-year.
The Unemployment Expectations Index rose by 5.6% to 118.4, however, with time to buy a dwelling falling by 7.9%.
Time to buy a major household item slipped by 0.2% in the month, while up 61.9% year-on-year.
The Aussie Dollar moved from $0.76455 to $0.76445 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.08% to $0.7647.
The Day Ahead:
For the EUR
It’s a relatively busy day ahead on theeconomic calendar Industrial production figures for the Eurozone are due out along with finalized inflation figures for Spain.
Expect February industrial production figures to have a greater influence on the EUR.
On the monetary policy front, ECB President Lagarde could also move the dial in a scheduled speech later in the day.
At the time of writing, the EUR was up by 0.09% to $1.1959.
For the Pound
It’s a quieter day ahead on the economic calendar.
4th quarter labor productivity figures are due out later today. With the UK government easing COVID-19 restrictions, however, we don’t expect the numbers to have an impact.
Away from theeconomic calendar expect COVID-19 news to influence, however.
At the time of writing, the Pound was up by 0.07 to $1.3759.
Across the Pond
It’s a relatively quiet day ahead on the economic calendar. Import and export price index figures are due out later today. We don’t expect too much influence from the numbers.
Any FOMC member commentary and chatter from Capitol Hill will need monitoring, however.
FED Chair Powell is due to speak and will garner plenty of interest late in the day.
At the time of writing, the Dollar Spot Index was down by 0.07% to 91.789.
For the Loonie
It’s a quiet day ahead on theeconomic calendar There are no material stats from Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of crude oil inventory numbers and market risk sentiment on the day.
At the time of writing, the Loonie was down by 0.06% to C$1.2542 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On the monetary policy front, ECB President Lagarde could also move the dial in a scheduled speech later in the day. The lack of stats will leave the Loonie in the hands of crude oil inventory numbers and market risk sentiment on the day. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD and NZD/USD Fundamental Daily Forecast – RBA Sees Wage, Price Pressures, Lower Rates for Some Time Snap Expected To Report a Losing Quarter European Equities: Another Quiet Economic Calendar Leaves Earnings in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar Consumer confidence was in focus following business confidence figures on Tuesday. The Day Ahead: For the EUR It’s a relatively busy day ahead on theeconomic calendar Industrial production figures for the Eurozone are due out along with finalized inflation figures for Spain. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD and NZD/USD Fundamental Daily Forecast – RBA Sees Wage, Price Pressures, Lower Rates for Some Time Snap Expected To Report a Losing Quarter European Equities: Another Quiet Economic Calendar Leaves Earnings in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - Earlier in the Day: It was a relatively busy start to the day on the economic calendar this morning. The Day Ahead: For the EUR It’s a relatively busy day ahead on theeconomic calendar Industrial production figures for the Eurozone are due out along with finalized inflation figures for Spain. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD and NZD/USD Fundamental Daily Forecast – RBA Sees Wage, Price Pressures, Lower Rates for Some Time Snap Expected To Report a Losing Quarter European Equities: Another Quiet Economic Calendar Leaves Earnings in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Aussie Dollar moved from $0.76455 to $0.76445 upon release of the figures. The Day Ahead: For the EUR It’s a relatively busy day ahead on theeconomic calendar Industrial production figures for the Eurozone are due out along with finalized inflation figures for Spain. For a look at all of today’s economic events, check out our economic calendar. | e1e08155-62a8-4fc8-81bf-e792715dbc8f |
708992.0 | 2021-04-11 00:00:00 UTC | Eurozone Retail Sales and the BoC Business Survey Put the EUR and Loonie in Focus | DBO | https://www.nasdaq.com/articles/eurozone-retail-sales-and-the-boc-business-survey-put-the-eur-and-loonie-in-focus-2021-04 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the week on the economic calendar this morning. There were no material stats for the markets to consider in the early hours.
The Majors
At the time of writing, the Japanese Yen was down by 0.05% to ¥109.72 against the U.S Dollar, with the Kiwi Dollar down by 0.11% to $0.7025. The Aussie Dollar was down by 0.21% to $0.7607.
The Day Ahead:
For the EUR
It’s a relatively quiet day ahead on theeconomic calendar February retail sales for the Eurozone are due out later today.
With the ECB looking for consumer spending to support the economic recovery, we can expect some sensitivity to the numbers. Fresh lockdown measures reintroduced across a number of member states in recent weeks, however, could limit the impact of any positive numbers.
Away from theeconomic calendar COVID-19 news and progress on the vaccination front will also influence.
At the time of writing, the EUR was down by 0.07% to $1.1891.
For the Pound
It’s a quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of COVID-19 and vaccine news updates.
At the time of writing, the Pound was down by 0.04% to $1.3701.
Across the Pond
It’s also a quiet day ahead on the economic calendar. There are no material stats to provide the Greenback with direction.
The lack of stats will leave the Dollar in the hands of news from Capitol Hill and FOMC member commentary.
At the time of writing, the Dollar Spot Index was up by 0.06% to 92.216.
For the Loonie
It’s a relatively quiet day ahead on theeconomic calendar The Bank of Canada’s Business Outlook Survey is due out later today.
With little else for the markets to consider, we can expect plenty of influence from the survey.
Away from theeconomic calendar crude oil prices and market sentiment towards demand will also influence.
At the time of writing, the Loonie was down by 0.13% to C$1.2546 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The lack of stats will leave the Dollar in the hands of news from Capitol Hill and FOMC member commentary. For the Loonie It’s a relatively quiet day ahead on theeconomic calendar The Bank of Canada’s Business Outlook Survey is due out later today. This article was originally posted on FX Empire More From FXEMPIRE: NZD/USD Forex Technical Analysis – Rally Stopped Short of .7204 to .7266 Resistance Zone Silver Weekly Price Forecast – Silver Markets Form Bullish Candle Russia: US Sanctions On Sovereign Debt Signal Rising Risk Surrounding Geopolitical Tensions The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead: For the EUR It’s a relatively quiet day ahead on theeconomic calendar February retail sales for the Eurozone are due out later today. For the Loonie It’s a relatively quiet day ahead on theeconomic calendar The Bank of Canada’s Business Outlook Survey is due out later today. This article was originally posted on FX Empire More From FXEMPIRE: NZD/USD Forex Technical Analysis – Rally Stopped Short of .7204 to .7266 Resistance Zone Silver Weekly Price Forecast – Silver Markets Form Bullish Candle Russia: US Sanctions On Sovereign Debt Signal Rising Risk Surrounding Geopolitical Tensions The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead: For the EUR It’s a relatively quiet day ahead on theeconomic calendar February retail sales for the Eurozone are due out later today. For the Pound It’s a quiet day ahead on the economic calendar. For the Loonie It’s a relatively quiet day ahead on theeconomic calendar The Bank of Canada’s Business Outlook Survey is due out later today. | For the Pound It’s a quiet day ahead on the economic calendar. The lack of stats will leave the Pound in the hands of COVID-19 and vaccine news updates. With little else for the markets to consider, we can expect plenty of influence from the survey. | 8862fcd8-fec3-4071-98c1-44e05863a4f8 |
708993.0 | 2021-04-10 00:00:00 UTC | The Week Ahead – Economic Data, COVID-19, and Corporate Earnings in Focus | DBO | https://www.nasdaq.com/articles/the-week-ahead-economic-data-covid-19-and-corporate-earnings-in-focus-2021-04-11 | nan | nan | FXEmpire.com -
On the Macro
It’s a busy week ahead on the economic calendar, with 63 stats in focus in the week ending 16th April. In the week prior, 36 stats had been in focus.
For the Dollar:
After a quiet Monday, March inflation figures will get things going on Tuesday. In spite of the FED’s assurances of unwavering support, a pickup in inflationary pressure will be a test for the markets.
The focus will then shift to a particularly busy day on theeconomic calendar
Key stats include March retail sales, jobless claims, and Philly FED Manufacturing PMI numbers.
Business inventory and industrial production figures are also due out but will likely have limited impact.
At the end of the week, prelim consumer sentiment figures for April will also draw attention on Friday.
In the week ending 9th April, the Dollar Spot Index slid by 0.92% to 92.163.
For the EUR:
It’s a relatively busy week ahead on the economic data front.
Early in the week, Eurozone retail sales and economic sentiment figures for Germany and the Eurozone will be in focus.
Expect Germany’s ZEW economic sentiment figures to have the greatest impact.
Mid-week, industrial production figures for the Eurozone.
Wrapping up the week, March inflation and trade data for the Eurozone will draw attention.
Other stats in the week include inflation figures for France, Germany, Italy, and Spain. We don’t expect the numbers to have an impact on the EUR, however.
The EUR ended the week up by 1.19% to $1.1899.
For the Pound:
It’s a relatively busy week ahead on the economic calendar.
Retail sales figures are due out early Tuesday ahead of industrial and manufacturing production figures later in the day.
February trade figures will also be in focus on Tuesday. Expect more interest in the numbers, as the markets look for the effects of Brexit on trade terms.
The Pound ended the week down by 0.90% to $1.3707.
For the Loonie:
It’s a relatively quiet week ahead on theeconomic calendar
The markets will have to wait until Thursday for manufacturing sales figures. With little else to consider, the numbers will draw attention ahead of wholesale sales numbers on Friday.
Mid-week, OPEC and the IEA’s monthly report, crude oil inventory numbers will also influence.
From the Bank of Canada, the Business Outlook Survey will provide direction at the start of the week.
Away from theeconomic calendar expect economic data from China to also influence…
The Loonie ended the week up 0.38% to C$1.2530 against the U.S Dollar.
Out of Asia
For the Aussie Dollar:
It’s a busier week ahead.
Key stats include business and consumer confidence figures in the 1st half of the week.
In the 2nd half of the week, March employment numbers are also due out.
Expect plenty of Aussie Dollar sensitivity to the numbers. Business investment and consumer spending are both key to the economic recovery. Any weakening in consumer or business confidence will test support for the Aussie Dollar.
Improving labor market conditions will also be a must.
The Aussie Dollar ended the week up by 0.17% to $0.7623.
For the Kiwi Dollar:
It’s a relatively quiet week ahead.
Key stats include electronic card retail sales and business PMI numbers.
While we can expect the numbers to influence, the RBNZ monetary policy decision is the main event of the week.
With the markets expecting the RBNZ to stand pat, the focus will be on the RBNZ Rate Statement.
The Kiwi Dollar ended the week up by 0.01% to $0.7033.
For the Japanese Yen:
It is a quiet week ahead.
There are no material stats to provide the Yen with direction. The lack of stats will leave the Yen in the hands of market risk sentiment in the week.
The Japanese Yen rose by 0.92% to ¥109.67 against the U.S Dollar.
Out of China
It’s a relatively busy week ahead.
Early in the week trade data for March will be in focus. Expect plenty of interest in the numbers. The markets will be looking for a sustained improvement in trade terms.
At the end of the week, 1st quarter GDP numbers and March industrial production figures will be in focus.
Other stats include retail sales, fixed asset investment, and unemployment figures. While the numbers tend to draw attention, 1st quarter GDP numbers will overshadow these stats at the end of the week.
The Chinese Yuan ended the week up by 0.22% to CNY6.5526 against the U.S Dollar.
Geo-Politics and COVID-19
U.S foreign policy will remain the main area of focus for the markets, with U.S – China relations key.
For the Eurozone, vaccination roll-outs and COVID-19 news updates will also be in focus in the week ahead.
Corporate Earnings
Earning season also kicks off in the week ahead.
Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo are big names delivering results in the week
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The focus will then shift to a particularly busy day on theeconomic calendar Key stats include March retail sales, jobless claims, and Philly FED Manufacturing PMI numbers. For the Loonie: It’s a relatively quiet week ahead on theeconomic calendar The markets will have to wait until Thursday for manufacturing sales figures. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo are big names delivering results in the week This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast – Stock Markets Continue to Reach Towards Higher Levels Silver Weekly Price Forecast – Silver Markets Form Bullish Candle Gold Price Forecast – Gold Markets Continue to Reach Higher The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The focus will then shift to a particularly busy day on theeconomic calendar Key stats include March retail sales, jobless claims, and Philly FED Manufacturing PMI numbers. Retail sales figures are due out early Tuesday ahead of industrial and manufacturing production figures later in the day. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo are big names delivering results in the week This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast – Stock Markets Continue to Reach Towards Higher Levels Silver Weekly Price Forecast – Silver Markets Form Bullish Candle Gold Price Forecast – Gold Markets Continue to Reach Higher The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - On the Macro It’s a busy week ahead on the economic calendar, with 63 stats in focus in the week ending 16th April. At the end of the week, 1st quarter GDP numbers and March industrial production figures will be in focus. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo are big names delivering results in the week This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast – Stock Markets Continue to Reach Towards Higher Levels Silver Weekly Price Forecast – Silver Markets Form Bullish Candle Gold Price Forecast – Gold Markets Continue to Reach Higher The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | FXEmpire.com - On the Macro It’s a busy week ahead on the economic calendar, with 63 stats in focus in the week ending 16th April. Early in the week, Eurozone retail sales and economic sentiment figures for Germany and the Eurozone will be in focus. Away from theeconomic calendar expect economic data from China to also influence… The Loonie ended the week up 0.38% to C$1.2530 against the U.S Dollar. | dc3681b5-6d60-4546-b006-0b9794b81038 |
708994.0 | 2021-04-08 00:00:00 UTC | Economic Data Puts the EUR and the Loonie in the Spotlight | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-and-the-loonie-in-the-spotlight-2021-04-09 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a relatively quiet start to the day on the economic calendar this morning. Economic data from China was in focus this early morning.
Out of China
Inflation figures were in focus this morning.
In March, consumer prices fell by 0.5%, reversing a 0.6% increase in February. In spite of the fall in March, inflationary pressure returned. The annual rate of inflation accelerated from -0.2% to 0.4%. Economists had forecast consumer prices to fall by 0.4%, month-on-month, and to rise by 0.3% year-on-year.
Wholesale inflationary pressures surged at the end of the 1st quarter. The producer price index increased by 4.40%, year-on-year, which was well above a forecasted 3.5% increase. In February, the PPI had risen by 1.7%.
The Aussie Dollar moved from $0.76504 to $0.76435 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.08% to $0.7647
For the Majors
At the time of writing, the Japanese Yen was down by 0.04% to ¥109.30 against the U.S Dollar, with the Kiwi Dollar down by 0.06% to $0.7052.
The Day Ahead:
For the EUR
It’s a relatively busy day ahead on theeconomic calendar German industrial production and trade figures for February are due out later this morning.
Following Germany’s impressive private sector PMI numbers for February and March, the markets will be looking for the stats to be aligned.
Away from theeconomic calendar COVID-19 news and progress on the vaccination front will also influence.
At the time of writing, the EUR was down by 0.03% to $1.1911.
For the Pound
It’s a quiet day ahead on the economic calendar. House price figures for March are due out later today. We don’t expect too much influence from the numbers, however.
Government easing measures and success on the vaccination front remain key drivers for the Pound near-term.
At the time of writing, the Pound was up by 0.01% to $1.3737.
Across the Pond
It’s a relatively quiet day ahead on the economic calendar. Wholesale inflation figures for March are due out later today.
The markets are expecting a pickup in wholesale inflationary pressures, which would be in line with the latest PMI surveys.
Away from theeconomic calendar chatter from Capitol Hill will also need monitoring later in the day.
At the time of writing, the Dollar Spot Index was down by 0.03% to 92.036.
For the Loonie
It’s a relatively busy day ahead on theeconomic calendar Employment figures for March are due out later today. With little else for the markets to consider on the day, expect the employment change figures to be the key driver.
Market risk sentiment and sentiment towards crude oil demand will also need considering on the day, however.
At the time of writing, the Loonie was down by 0.06% to C$1.2570 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Government easing measures and success on the vaccination front remain key drivers for the Pound near-term. For the Loonie It’s a relatively busy day ahead on theeconomic calendar Employment figures for March are due out later today. This article was originally posted on FX Empire More From FXEMPIRE: Stocks Move Higher As Retail Sales Jumped 9.8% In March Crude Oil Price Update – Testing Retracement Zone; Strengthens Over $63.47, Weakens Under $62.29 EUR/USD Mid-Session Technical Analysis for April 15, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead: For the EUR It’s a relatively busy day ahead on theeconomic calendar German industrial production and trade figures for February are due out later this morning. For the Loonie It’s a relatively busy day ahead on theeconomic calendar Employment figures for March are due out later today. This article was originally posted on FX Empire More From FXEMPIRE: Stocks Move Higher As Retail Sales Jumped 9.8% In March Crude Oil Price Update – Testing Retracement Zone; Strengthens Over $63.47, Weakens Under $62.29 EUR/USD Mid-Session Technical Analysis for April 15, 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | At the time of writing, the Aussie Dollar was down by 0.08% to $0.7647 For the Majors At the time of writing, the Japanese Yen was down by 0.04% to ¥109.30 against the U.S Dollar, with the Kiwi Dollar down by 0.06% to $0.7052. The Day Ahead: For the EUR It’s a relatively busy day ahead on theeconomic calendar German industrial production and trade figures for February are due out later this morning. For the Loonie It’s a relatively busy day ahead on theeconomic calendar Employment figures for March are due out later today. | In March, consumer prices fell by 0.5%, reversing a 0.6% increase in February. Wholesale inflation figures for March are due out later today. For the Loonie It’s a relatively busy day ahead on theeconomic calendar Employment figures for March are due out later today. | 0aa5675b-88f2-48b3-97c7-a95817847b84 |
708995.0 | 2021-04-06 00:00:00 UTC | Economic Data Puts the EUR and the Loonie in the Spotlight, with COVID-19 also in Focus | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-eur-and-the-loonie-in-the-spotlight-with-covid-19-also-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a quiet start to the day on the economic calendar this morning. There were no material stats for the markets to consider in the early part of the day.
The lack of stats left the markets to take direction from the U.S session and from news wires.
For the Majors
At the time of writing, the Japanese Yen was flat at ¥109.75 against the U.S Dollar. The Aussie Dollar was down by 0.01% to $0.7663, with the Kiwi Dollar flat at $0.7059.
The Day Ahead:
For the EUR
It’s a busy day ahead on theeconomic calendar Service sector PMIs for Italy and Spain are due out later today.
Finalized numbers are also due out of France, Germany, and the Eurozone.
Expect Italy and the Eurozone’s numbers to have the greatest impact on the EUR.
Away from theeconomic calendar COVID-19 news updates will also influence.
Late in the session, the FOMC meeting minutes are also due out. The minutes should provide the markets with little else to consider from the projections and Powell testimony.
At the time of writing, the EUR was down by 0.02% to $1.1874.
For the Pound
It’s also a relatively quiet day ahead on the economic calendar. Finalized services and composite PMI numbers for March are due out later today.
The markets will be looking for any revisions to the services PMI.
Away from the calendar, with the UK making good progress on the vaccine front, news from the UK government on easing measures will also draw attention.
At the time of writing, the Pound was up by 0.01% to $1.3825.
Across the Pond
It’s a relatively quiet day ahead on the economic calendar. Trade data is due out later today that should have a relatively muted impact on the Greenback.
Late in the session, the FOMC meeting minutes are due out that will draw some attention as will any chatter from Capitol Hill.
On Tuesday, the Dollar Spot Index fell by 0.28% to 92.335.
For the Loonie
It’s a busier day ahead on theeconomic calendar Ivey PMI figures for March and trade data for February are due out.
We can expect today’s stats to influence, though crude oil inventory numbers may have the final say late in the day.
At the time of writing, the Loonie was down by 0.04% to C$1.2571 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Loonie It’s a busier day ahead on theeconomic calendar Ivey PMI figures for March and trade data for February are due out. We can expect today’s stats to influence, though crude oil inventory numbers may have the final say late in the day. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie, Kiwi Traders Eyeing US Consumer Inflation Data Price of Gold Fundamental Daily Forecast – Downside Could Be Limited if Higher CPI Data Has Been Priced In Asia-Pacific Shares Tentatively Higher as investors Weigh Potential Impact of US CPI, Earnings Data The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Late in the session, the FOMC meeting minutes are due out that will draw some attention as will any chatter from Capitol Hill. For the Loonie It’s a busier day ahead on theeconomic calendar Ivey PMI figures for March and trade data for February are due out. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie, Kiwi Traders Eyeing US Consumer Inflation Data Price of Gold Fundamental Daily Forecast – Downside Could Be Limited if Higher CPI Data Has Been Priced In Asia-Pacific Shares Tentatively Higher as investors Weigh Potential Impact of US CPI, Earnings Data The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead: For the EUR It’s a busy day ahead on theeconomic calendar Service sector PMIs for Italy and Spain are due out later today. For the Loonie It’s a busier day ahead on theeconomic calendar Ivey PMI figures for March and trade data for February are due out. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie, Kiwi Traders Eyeing US Consumer Inflation Data Price of Gold Fundamental Daily Forecast – Downside Could Be Limited if Higher CPI Data Has Been Priced In Asia-Pacific Shares Tentatively Higher as investors Weigh Potential Impact of US CPI, Earnings Data The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead: For the EUR It’s a busy day ahead on theeconomic calendar Service sector PMIs for Italy and Spain are due out later today. We can expect today’s stats to influence, though crude oil inventory numbers may have the final say late in the day. At the time of writing, the Loonie was down by 0.04% to C$1.2571 against the U.S Dollar. | 115c7c8d-c85e-48f7-931e-b5b0906b6208 |
708996.0 | 2021-03-30 00:00:00 UTC | A Busy Economic Calendar Puts the EUR, the Loonie, and the U.S Dollar in Focus | DBO | https://www.nasdaq.com/articles/a-busy-economic-calendar-puts-the-eur-the-loonie-and-the-u.s-dollar-in-focus-2021-03-31 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busier start to the day on the economic calendar this morning. The Kiwi Dollar, the Aussie Dollar, and the Japanese Yen were in action this morning. There was also economic data from China in focus.
For the Japanese Yen
Industrial production fell by 2.1% in February, partially reversing a 4.3% rise in January. Economists had forecast for a 1.2% decline.
According to the Ministry of Economy, Trade and Industry,
Industries that mainly contributed to the decrease were:
Motor vehicles.
Electric machinery, and information, and communication electronics equipment.
Chemicals (excl. inorganic, organic chemicals and medicine).
Industries that mainly contributed to the increase were:
Production machinery.
Transport equipment (excl. motor vehicles).
Electronic parts and devices.
Forecasts are for production in March 2021 to fall by 1.9%. This was up from a forecasted 6.1% slide.
Production is projected to jump by 9.3% in April 2021.
The Japanese Yen moved from ¥110.329 to ¥110.328 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.20% to ¥110.58 against the U.S Dollar.
For the Kiwi Dollar
Business confidence was in focus early this morning.
In March, the ANZ Business Confidence Index declined from 7.0 to 0.0.
According to the latest ANZ Report,
While business confidence fell by 7 points to be flat, some details were stronger for March.
Employment intentions increased by 5 points, with capacity utilization up 2 points.
Investment intentions remained little changed, however.
Expected costs rose 2 points to a net 74% expecting higher costs ahead.
Inflation expectations picked up from 1.76% to 1.95%.
There were also some negatives, however.
Profit expectations fell from 1.3 to 0.5, with ease of credit falling from -31.0 to -38.8.
Activity vs same month one year ago was down marginally from 9.2 to 7.6.
Employment vs same month one year ago was also weaker, albeit modestly.
The Kiwi Dollar moved from $0.69912 to $0.69899 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.11% to $0.6989.
For the Aussie Dollar
Private sector credit figures drew attention this morning.
Private sector credit increased by in February. In January, total private sector credit had risen by 0.2%.
According to the RBA,
Personal credit fell by 0.5%. In January, personal credit had fallen by 0.8%.
Business credit stalled after having fallen by 0.1% in January.
Housing credit rose by a further 0.4%. In January, housing credit had also risen by 0.4%.
Year-on-year, total credit rose by 1.6%. In February 2020, total credit had risen by 2.7%.
A 12.3% slide in personal credit was a drag on the headline figure.
Building approvals impressed, surging by 21.6% in February. In January approvals had tumbled by 19.4%.
The Aussie Dollar moved from $0.76104 to $0.76116 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.18% to $0.7611.
From China
NBS Private sector PMI figures for March were in focus this morning.
The NBS Manufacturing PMI increased from 50.6 to 51.9. Service sector activity also picked up in March. The services PMI rose from 51.4 to 56.3.
The Aussie Dollar moved from $0.76088 to $0.76123 upon release of the figures.
The Day Ahead:
For the EUR
It’s a busier day ahead on theeconomic calendar French consumer spending and German unemployment figures are due out in the early part of the European session.
With parts of France reentering lockdown, we would expect the consumer spending figures to have a limited impact on the EUR.
Later in the day, prelim inflation figures for France, the Eurozone, and Italy are also due out.
With sensitivity over inflation lingering, the Eurozone numbers will influence.
Away from theeconomic calendar COVID-19 news updates from the Eurozone will remain an area of focus.
At the time of writing, the EUR was flat at $1.1717.
For the Pound
It’s a relatively quiet day ahead on the economic calendar. Finalized 4th quarter GDP numbers area due out of the UK. Barring a marked downward revision, however, we don’t expect the numbers to have a material impact on the Pound.
Government plans to ease lockdown measures and news updates on vaccinations remain key near-term.
At the time of writing, the Pound was down by 0.03% to $1.3736.
Across the Pond
It’s a busier day ahead on the economic calendar. ADP employment change figures are due out along with Chicago PMI numbers for March.
Expect the ADP numbers to have a greater impact on the day. The markets are looking for a continued improvement in labor market conditions.
Pending home sales figures for February are also due out but would likely have a muted impact on the Dollar.
Away from theeconomic calendar geopolitics and chatter from Capitol Hill will remain areas of focus.
At the time of writing, the Dollar Spot Index was down by 0.02% to 93.277.
For the Loonie
It’s a busier day ahead on theeconomic calendar January GDP and February RMPI numbers are due out late in the session.
Expect both sets of numbers to influence.
Also, in focus will be crude oil inventory numbers from the U.S.
At the time of writing, the Loonie was up by 0.13% to C$1.2617 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Government plans to ease lockdown measures and news updates on vaccinations remain key near-term. For the Loonie It’s a busier day ahead on theeconomic calendar January GDP and February RMPI numbers are due out late in the session. This article was originally posted on FX Empire More From FXEMPIRE: Oil Price Fundamental Daily Forecast – New Supply Worries May Be Capping Gains Ahead of EIA Report European Equities – Service Sector PMIs In Focus GBP/USD Daily Forecast – U.S. Dollar Continues To Gain Ground Against British Pound The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead: For the EUR It’s a busier day ahead on theeconomic calendar French consumer spending and German unemployment figures are due out in the early part of the European session. For the Loonie It’s a busier day ahead on theeconomic calendar January GDP and February RMPI numbers are due out late in the session. This article was originally posted on FX Empire More From FXEMPIRE: Oil Price Fundamental Daily Forecast – New Supply Worries May Be Capping Gains Ahead of EIA Report European Equities – Service Sector PMIs In Focus GBP/USD Daily Forecast – U.S. Dollar Continues To Gain Ground Against British Pound The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Aussie Dollar Private sector credit figures drew attention this morning. The Day Ahead: For the EUR It’s a busier day ahead on theeconomic calendar French consumer spending and German unemployment figures are due out in the early part of the European session. This article was originally posted on FX Empire More From FXEMPIRE: Oil Price Fundamental Daily Forecast – New Supply Worries May Be Capping Gains Ahead of EIA Report European Equities – Service Sector PMIs In Focus GBP/USD Daily Forecast – U.S. Dollar Continues To Gain Ground Against British Pound The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Japanese Yen Industrial production fell by 2.1% in February, partially reversing a 4.3% rise in January. Private sector credit increased by in February. ADP employment change figures are due out along with Chicago PMI numbers for March. | 203380c8-ff2e-4d0c-9c20-44e168746eb1 |
708997.0 | 2021-03-26 00:00:00 UTC | The Weekly Wrap – Economic Data, COVID-19, and the Dollar Rebound | DBO | https://www.nasdaq.com/articles/the-weekly-wrap-economic-data-covid-19-and-the-dollar-rebound-2021-03-26 | nan | nan | FXEmpire.com -
The Stats
It was a slightly busier week on the economic calendar, in the week ending 26th March.
A total of 56 stats were monitored, following 53 stats from the week prior.
Of the 56 stats, 34 came in ahead forecasts, with 22 economic indicators coming up short of forecasts. There were no stats that were in line with forecasts in the week.
Looking at the numbers, 35 of the stats reflected an upward trend from previous figures. Of the remaining 21 stats, 21 reflected a deterioration from previous.
For the Greenback, it was a 2nd consecutive weekly in the green. In the week ending 26th March, the Dollar Spot Index rallied by 0.92% to 92.766. In the previous week, the Dollar had risen by 0.26% to 91.919.
Out of the U.S
While it was a busy week on the economic data front, though it was a quiet start to the week.
Prelim private sector PMIs for March were market positive, with the service PMI rising from 59.8 to 60.0. The Manufacturing PMI increased from 58.6 to 59.0.
Core durable goods orders disappointed, however, falling by 0.9% in February.
On Thursday, jobless claims figures reflected improvement in labor market conditions. In the week ending 19th February, initial jobless claims fell from 781k to 684k.
At the end of the week, the stats were skewed to the negative, however.
Inflationary pressures softened, with the Core PCE Price Index rising by 1.4% year-on-year in February. In January, the index had risen by 1.5%.
Personal spending slid by 1% in February, partially reversing a 3.4% jump from January.
Other stats included trade data and finalized consumer sentiment figures that had a muted impact on the Dollar.
On the monetary policy front, FED Chair Powell testimony also delivered Dollar support in the week.
In the equity markets, the NASDAQ fell by 0.58%, while the Dow and the S&P500 rose by 1.36% and by 1.57% respectively.
Out of the UK
It was a busy week on the economic data front.
Employment figures delivered mixed results early in the week.
While the unemployment rate fell from 5.1% to 5.0% in January, claimant counts increased by 86.6k in February. In January, claimant counts had fallen by 20.8k.
Mid-week, inflation figures showed that inflationary pressures had softened in February.
The annual rate of inflation eased from 0.7% to 0.4% in February.
While inflation figures disappointed, private sector PMIs impressed.
In March, the services PMI jumped from 49.5 to 56.8, with the manufacturing PMI rising from 55.1 to 57.9.
The numbers follow the BoE’s monetary policy decision and optimistic outlook from the week prior.
At the end of the week, retail sales figures were largely better than expected.
Core retail sales increased by 2.4% in February, partially reversing an 8.8% slide from January.
Retail sales increased by 2.1%, partially reversing an 8.2% slide from January.
Year-on-year, however, retail sales and core retail sales remained in the red mid-way through the quarter.
Core retail sales fell by 1.1% year-on-year, with retail sales sliding by 3.7%, year-on-year.
In the week, the Pound fell by 0.60% to end the week at $1.3789. In the week prior, the Pound had fallen by 0.37% to $1.3872.
The FTSE100 ended the week up by 0.48%, partially reversing a 0.78% loss from the previous week.
Out of the Eurozone
It was a busy week on the economic data front.
Private sector PMIs and German consumer and business sentiment figures were on focus.
It was an impressive set of numbers from Eurozone member states.
The Eurozone’s Services PMI increased from 45.7 to a 7-month high 48.8 in March, according to prelim figures versus a forecasted 46.0.
In March, the Eurozone’s Manufacturing PMI rose from 57.9 to a record high 62.4 versus a forecasted 57.7.
The pickup in the Eurozone PMI numbers came off the back of a marked pickup in private sector PMI numbers from France and Germany.
Germany’s manufacturing PMI jumped from 60.7 to a record high 66.6, with the services sector returning to growth.
German Consumer and Business Confidence
For April, Germany’s GfK Consumer Climate Index rose from -12.7 to -6.2.
A marked increase in income expectations, which hit a 12-month high, supported the jump in confidence.
On the business front, Germany’s IFO Business Climate Index increased from a revised 92.7 to 96.6.
Supporting the uptick in the headline figures was a jump in the business expectations sub-index from a revised 94.2 to 100.4.
The current assessment sub-index was also on the rise, increasing from 90.6 to 90.3.
While the stats were skewed to the positive, a spike in new COVID-19 cases weighed on the EUR. The reintroduction of lockdown measures in some member states raised concerns over the economic outlook.
In the week, the ECB’s Economic Bulletin also talked of possible risks to the recovery. The Bulletin talked of vaccination rates, new cases, and containment measures, which coincided with the rising new cases across the bloc.
For the week, the EUR slid by 0.92% to $1.1794. In the week prior, the EUR had fallen by 0.41% to $1.1904.
The CAC40 fell by 0.15%, while the DAX30 and EuroStoxx600 ended the week gains of 0.88% and 0.85% respectively.
For the Loonie
It was a quiet week, with no material stats to provide the Loonie with direction.
The lack of stats left the Loonie in the hands of market risk sentiment and crude oil inventories and news.
In the week ending 26th March, the Loonie fell by 0.62% to C$1.2577. In the week prior, the Loonie had slipped by 0.20% to C$1.2500.
Elsewhere
It was another bearish week for the Aussie Dollar and the Kiwi Dollar.
In the week ending 26th March, the Aussie Dollar fell by 1.36% to $0.7637, with the Kiwi Dollar ending the week down by 2.30% to $0.7000.
For the Aussie Dollar
It was another quiet week.
There were no material stats to provide the Aussie Dollar with direction.
A lack of stats left the Aussie Dollar in the hands of yield differentials and market risk sentiment.
For the Kiwi Dollar
It was a relatively quiet week.
February trade figures were in focus mid-week.
Month-on-month, the New Zealand trade balance rose from a NZ$647m deficit to a NZD181m surplus.
Year-on-year, however, the trade surplus narrowed from NZ$2,730m to NZ$2,360m.
The value of goods exported fell NZ$416m compared with the same period last year.
Exports were down to all New Zealand’s top trading partners, with the exception of China.
To China, exports increased NZ$369m from February 2020.
Weaker dairy sales weighed on overall exports in February.
The value of imports fell by NZ$46m to $4.3bn in February 2021.
For the Japanese Yen
It was a relatively busy week.
Prelim private sector PMI figures for March were in focus mid-week ahead of inflation figures on Friday.
The stats were skewed to the positive, with Japan’s manufacturing PMI rising from 51.4 to 52.0.
For the services sector, the PMI increased from 46.3 to 46.5.
On the inflation front, deflationary pressures eased in March. Year-on-year, Tokyo core consumer prices fell by 0.1% after having fallen by 0.3% in February.
Ultimately, the stats had a muted impact on the Japanese Yen, however.
The Japanese Yen fell by 0.70% to ¥109.64 against the U.S Dollar. In the week prior, the Yen had risen by 0.14% to ¥108.88.
Out of China
It was a quiet week on the data front.
There were no material stats to provide the markets with direction in the week.
On the monetary policy front, the PBoC left loan prime rates unchanged, which was in line with expectations.
The lack of stats left the markets to focus on geopolitics and China’s reaction vis-a-vis forced labor in the Xinjiang region.
In the week ending 26th March, the Chinese Yuan fell by 0.49% to CNY6.5411. In the week prior, the Yuan had fallen by 0.01% to CNY6.5090.
The CSI300 rose by 0.62%, while the Hang Seng ending the week down by 2.26%.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On the monetary policy front, FED Chair Powell testimony also delivered Dollar support in the week. The lack of stats left the Loonie in the hands of market risk sentiment and crude oil inventories and news. The lack of stats left the markets to focus on geopolitics and China’s reaction vis-a-vis forced labor in the Xinjiang region. | Prelim private sector PMIs for March were market positive, with the service PMI rising from 59.8 to 60.0. While inflation figures disappointed, private sector PMIs impressed. Prelim private sector PMI figures for March were in focus mid-week ahead of inflation figures on Friday. | FXEmpire.com - The Stats It was a slightly busier week on the economic calendar, in the week ending 26th March. In the week, the Pound fell by 0.60% to end the week at $1.3789. In the week ending 26th March, the Aussie Dollar fell by 1.36% to $0.7637, with the Kiwi Dollar ending the week down by 2.30% to $0.7000. | A total of 56 stats were monitored, following 53 stats from the week prior. In the week ending 26th March, the Loonie fell by 0.62% to C$1.2577. Year-on-year, Tokyo core consumer prices fell by 0.1% after having fallen by 0.3% in February. | df68bfd6-fd1c-42a0-aa50-f5b923e942ec |
708998.0 | 2021-03-23 00:00:00 UTC | Private Sector PMIs Put the GBP, the EUR, and the Greenback in Focus | DBO | https://www.nasdaq.com/articles/private-sector-pmis-put-the-gbp-the-eur-and-the-greenback-in-focus-2021-03-24 | nan | nan | FXEmpire.com -
Earlier in the Day:
It was a busy start to the day on the economic calendar this morning. The Kiwi Dollar and the Japanese Yen were in action early this morning.
For the Kiwi Dollar
In the month of February, the trade balance rose from a NZ$647m deficit to a NZ$181m surplus. Year-on-year, the trade surplus narrowed from NZ$2,730m to NZ$2,360m in February.
According to NZ Stats,
The value of goods exported fell NZ$416m compared with the same period last year.
Exports were down to all New Zealand’s top trading partners, with the exception of China.
To China, exports increased NZ$369m from February 2020.
Weaker dairy sales weighed on overall exports in February.
The value of imports fell by NZ$46m to $4.3bn in February 2021.
Crude oil imports slid NZ$201m (80%).
Imports of mechanical machinery and equipment were down NZ$119m.
Imports of vehicles, parts, and accessories rose NZ$135m, however, driven by a $122m rise in motor vehicle imports.
The Kiwi Dollar moved from $0.70054 to $0.70076 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.06% to $0.6995.
For the Japanese Yen
Private sector PMIs for March were in focus this morning.
In March, the Manufacturing PMI increased from 51.4 to 52.0, with the service PMI rising from 46.3 to 46.5.
According to the prelim March survey,
New orders declined further, though the rate of decline was the softest in the current 14-month sequence of decline.
New business across the services sector continued to weigh on new orders, as new orders across the manufacturing sector increased at a faster clip.
By contrast, service sector firms reported a weaker decline in new export orders, while manufacturing sector companies reported weaker growth.
Employment levels increased at the fastest pace since January 2020, however. The pickup in hiring was supported by optimism that private sector activity would pick up in the year-ahead.
The Japanese Yen moved from ¥108.597 to ¥108.632 upon release of the figures. At the time of writing, the Japanese Yen was up by 0.01% to ¥108.58 against the U.S Dollar.
Elsewhere
At the time of writing, the Aussie Dollar was down by 0.16% to $0.7612.
The Day Ahead:
For the EUR
It’s a busy day ahead on theeconomic calendar Prelim private sector PMIs for March are due out for France, Germany, and the Eurozone.
While the focus remains on German manufacturing sector activity, the services PMIs will also draw interest.
Late in the session, flash Eurozone consumer confidence figures will also influence.
Away from theeconomic calendar COVID-19 lockdown news will remain factor, however.
At the time of writing, the EUR was down by 0.03% to $1.1845.
For the Pound
It’s a relatively busy day ahead on the economic calendar. Prelim private sector PMI numbers for March are due out.
Expect the service sector figures to have the greatest impact. While the headline number is key, inflation, new business and employment will be other areas of interest.
February inflation figures are also due out but will likely take a back seat to the PMIs.
At the time of writing, the Pound was down by 0.12% to $1.3736.
Across the Pond
It’s a busy day ahead on the economic calendar. Core durable goods orders are due out along with prelim private sector PMI numbers for March.
Expect core durable goods and service sector PMI numbers to have the greatest impact on market risk sentiment.
February durable goods orders, are also due out. Barring dire numbers, however, these will likely have a muted impact on the markets.
On the monetary policy front, FED Chair Powell is scheduled to deliver a 2nd day of testimony that will also draw interest.
At the time of writing, the Dollar Spot Index was up by 0.07% to 92.399.
For the Loonie
It’s yet another quiet on theeconomic calendar There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil inventories on the day.
At the time of writing, the Loonie was up by 0.05% to C$1.2582 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Expect core durable goods and service sector PMI numbers to have the greatest impact on market risk sentiment. On the monetary policy front, FED Chair Powell is scheduled to deliver a 2nd day of testimony that will also draw interest. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 30th, 2021 USD/JPY Forex Technical Analysis – Breakout Drives Dollar/Yen into Highest Level Since March 2020 AUD/USD Daily Forecast – Australian Dollar Failed To Gain More Ground Against U.S. Dollar The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead: For the EUR It’s a busy day ahead on theeconomic calendar Prelim private sector PMIs for March are due out for France, Germany, and the Eurozone. Core durable goods orders are due out along with prelim private sector PMI numbers for March. Expect core durable goods and service sector PMI numbers to have the greatest impact on market risk sentiment. | For the Kiwi Dollar In the month of February, the trade balance rose from a NZ$647m deficit to a NZ$181m surplus. New business across the services sector continued to weigh on new orders, as new orders across the manufacturing sector increased at a faster clip. The Day Ahead: For the EUR It’s a busy day ahead on theeconomic calendar Prelim private sector PMIs for March are due out for France, Germany, and the Eurozone. | To China, exports increased NZ$369m from February 2020. While the focus remains on German manufacturing sector activity, the services PMIs will also draw interest. Prelim private sector PMI numbers for March are due out. | 4855bf8d-b09f-41de-84f3-198891b612df |
708999.0 | 2021-03-22 00:00:00 UTC | Economic Data Puts the Pound in Spotlight, with FED Chair Powell Testimony also in Focus | DBO | https://www.nasdaq.com/articles/economic-data-puts-the-pound-in-spotlight-with-fed-chair-powell-testimony-also-in-focus | nan | nan | FXEmpire.com -
Earlier in the Day:
It’s was a particularly quiet start to the day on the economic calendar this morning. There were no major stats to provide the markets with direction early this morning.
The lack of stats left the markets to respond to moves across the U.S markets overnight.
For the Majors
At the time of writing, the Japanese Yen was up by 0.05% to ¥108.80 against the U.S Dollar. The Aussie Dollar was down by 0.09% to $0.7739, with the Kiwi Dollar was down by 0.42% to $0.7132.
The Day Ahead:
For the EUR
It’s another particularly quiet day on theeconomic calendar There are no major stats from the Eurozone to provide direction.
The lack of stats will continue to leave the EUR in the hands of market risk sentiment and COVID-19 news.
Any decision by the German government to introduce further containment measures would test support.
At the time of writing, the EUR was down by 0.01% to $1.1932.
For the Pound
It’s a busy day ahead on the economic calendar. Key stats include earnings, claimant counts, and unemployment figures.
Expect February’s claimant count and January’s unemployment rate to have the greatest influence on the Pound.
CBI Industrial Trend Orders for March are also due out later in the, which will also draw attention.
At the time of writing, the Pound was down by 0.01% to $1.3862.
Across the Pond
It’s another relatively busy day ahead on the economic calendar. The housing sector is back in focus, with new home sales figures for February due out later today.
We don’t expect too much influence from the numbers, however.
With stats limited to housing sector numbers, FED Chair Powell testimony will influence late in the day.
On Monday, the Dollar Spot Index fell by 0.19% to 91.742.
For the Loonie
It’s another quiet on theeconomic calendar There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of market risk sentiment and ultimately crude oil prices on the day.
At the time of writing, the Loonie was down by 0.02% to C$1.2524 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | With stats limited to housing sector numbers, FED Chair Powell testimony will influence late in the day. The lack of stats will leave the Loonie in the hands of market risk sentiment and ultimately crude oil prices on the day. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Futures (GC) Technical Analysis – Look for Downside Bias on Sustained Move Under $1737.50 E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 12891.00, Weakens Under 12890.75 A Quiet Day on the Economic Calendar Leaves Geopolitics and COVID-19 in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The lack of stats will continue to leave the EUR in the hands of market risk sentiment and COVID-19 news. The lack of stats will leave the Loonie in the hands of market risk sentiment and ultimately crude oil prices on the day. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Futures (GC) Technical Analysis – Look for Downside Bias on Sustained Move Under $1737.50 E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 12891.00, Weakens Under 12890.75 A Quiet Day on the Economic Calendar Leaves Geopolitics and COVID-19 in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Day Ahead: For the EUR It’s another particularly quiet day on theeconomic calendar There are no major stats from the Eurozone to provide direction. For the Loonie It’s another quiet on theeconomic calendar There are no material stats due out of Canada to provide the Loonie with direction. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Futures (GC) Technical Analysis – Look for Downside Bias on Sustained Move Under $1737.50 E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 12891.00, Weakens Under 12890.75 A Quiet Day on the Economic Calendar Leaves Geopolitics and COVID-19 in Focus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the Majors At the time of writing, the Japanese Yen was up by 0.05% to ¥108.80 against the U.S Dollar. The Day Ahead: For the EUR It’s another particularly quiet day on theeconomic calendar There are no major stats from the Eurozone to provide direction. At the time of writing, the Loonie was down by 0.02% to C$1.2524 against the U.S Dollar. | 7ffa2b0b-acb5-43a5-af75-91d5d01b4eed |
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