Tag: AUD

Markets Yield to pressure?

Markets Yield to pressure? Not so far today as the markets have opened predictably quiet with Tokyo and New York celebrating their holidays. USDCNH is trading unpretentiously higher but the USD, in general, remain little-changed post-NFP.  Strength in labour markets, and with wage growth picking up, it suggests the US versus the rest of the […]

More yielding to yields next week ?

More Yielding to yields next week? What a barn burner of a week!! Fixed income took centre stage, but the lingering odour from risk aversion and choppy intraday moves will continue to challenge traders at every twist and turn. With US yields remaining at multi-year highs and breakneck price action triggering a massive uptick in […]

Week Ahead – Dollar Slows Down After US Jobs Miss

The US dollar was mixed Friday. The greenback advanced against the commodity currencies (CAD, AUD AND NZD) edging higher against the CHF, but was lower agains the JPY and the EUR. The GBP deserves a special mention as positive Brexit rumours pushed it 0.61 percent higher against the USD. The American currency lost momentum as […]

Oil to End Week Higher until OPEC-Russia Confirm Production Increas

West Texas Intermediate is rising 0.55 percent on Friday, with Brent making a smaller upwards move at 0.05 percent. Question marks about how and when will energy producers increase production to cover the supply fallout from the official start of US sanctions against Iran. The sanctions start on November 4, but already Iranian exports have […]

Employment: U.S miss, Canada beat expectations

U.S unemployment rate falls to a 49-year low The September U.S unemployment rate fell to +3.7% from +3.9% in August, the lowest rate since 1969. The U.S non-farm payrolls rose to a seasonally adjusted +134K in September, the smallest gain in the past 12-months. It would appear that Hurricane Florence may have had a bigger […]

NFP – what to expect

Friday October 5: Five things the market is talking about The granddaddy of economic indicators – U.S non-farm payrolls (NFP) for September – will be released later this morning (8:30 am EDT) along with the Canadian jobs report. Today’s U.S number is ‘big,’ especially with this week’s aggressive backing up of the U.S yield curve. […]

Aussie struggles near lows even as retail sales beat estimate

AUD/USD fails to advance AUD/USD was only given a temporary respite from the four-day selling pressure after a better-than-expected print for retail sales. Sales rose 0.3% m/m, a faster pace than the 0.2% economists had expected and represented the eighth straight month that the number has not been negative. So, spending appears to be steady, […]

US Jobs Report to Guide Markets

The US dollar is higher across the board versus major pairs ahead of the U.S. non farm payrolls (NFP) on Friday. The release of private payrolls on Wednesday at 230,000 jobs in September beat the market forecast of 185,000 positions. The NFP is expected to show a gain of 190,000 jobs when it is published […]

Dollar Stronger Ahead of Jobs Report OANDA Market Beat Podcast

OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes. Subscription available on iTunes https://goo.gl/TZEWRW and GooglePlay https://goo.gl/cRBk39. Tune in every Tuesday and don’t miss a beat as we cover the hottest trends impacting the markets in the week […]

Oil Caught Between Iranian Shortfall and OPEC Ramp Up

Oil held near four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect of a rapid production boost from Saudi Arabia and Russia. Brent crude oil futures LCOc1 were down 19 cents at $86.10 a barrel by 1133 GMT, having risen to a late […]