Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
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Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.
US equities delivered a remarkable performance yesterday, with the S&P CFD making a strong comeback by reclaiming the 200-day moving average. It also retested crucial trend lines and horizontal resistance levels near the 4330 mark.
Treasury yields continue to slide lower following yesterday's quarterly refunding announcement and the Federal Open Market Committee (FOMC) decision, creating a favorable environment for bond investors.
Economic Calendar: UK Jobs & PMI Data, AUD CPI Data, German and French Flash PMI Data, ECB Policy Decision.
Risk assets tumbled last night as geopolitical tensions saw more escalations. Talks of attacks on US Navy ships sent geopolitical jitters across markets boosting gold and oil prices.
Today, the financial markets continue to closely monitor the US 10-year Treasury yields as they edge closer to the 5% threshold. This ongoing climb in yields, which reached a new cycle high last night, has added further pressure to risk appetite.
The past week was a tumultuous one for the capital markets, with bond yields surging, stocks falling, and the dollar gaining strength.
quities remain under pressure, with futures like the ES, NQ, and STOXX50 testing major support levels. A break and close below these levels could open up more selling pressure.
As we look to the coming week, China's challenges persist. The future of the dollar's rally is uncertain, and upcoming Flash PMI data will offer insights into global economic health.
This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.
Central banks around the world adopted cautious tones in the past week, as economic data showed signs of slowing growth.
This week is heavy on economic data coming out from several corners of the world - here's what to look for.
In this article, we will delve into the significance of each data point and discuss how they could impact the foreign exchange (FX) markets.
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