Market News - Gold, Oil & Forex

July's shockingly weak NFP report flipped September Fed odds toward a hold, but with Brent still above $80 and the Strait of Hormuz crisis unresolved, Treasury yields, the Dollar, and equities all stopped short of a full dovish repricing. The post Weak NFP Flips Fed Bets, but Oil Keeps Markets Trapped in Tug-of-War appeared first on ActionForex.

Canadian manufacturing and wholesale sales data for June next Friday should reveal readings consistent with more real gross domestic product growth in June, capping off a solid Q2. The BoC highlighted two-sided risks to the interest rate in their prior policy meetings – risks of cuts tied to potential downside growth surprises and hike risks […] The post Canada’s Growth Momentum Likely Persisted Near the End of Q2 appeared first on ActionForex.

In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in! 👉 Key topics: ✔️US Inflation Rate The first major event is the US inflation report on 12 August. Markets currently see a […] The post 3 Events in Focus | 10-14 August appeared first on ActionForex.

Investors can return from their summer holidays and take comfort in noting that the collapse of the ceasefire in the Middle East has not derailed global growth. The latest PMIs reflect resilient growth particularly in the US and Asia ex-China, while Europe remains the relative underperformer. Oil prices have risen during periods of escalating warfare, […] The post Weekly Focus – Resilient Economies Despite the Middle East Stalemate appeared first on ActionForex.

US inflation data to guide Fed rate hike expectations. A hawkish BoJ summary of opinions could support the Yen. RBA could still sound hawkish amid sticky inflation. UK GDP and activity figures to shape sterling sentiment. Dollar pulls back amid Hormuz deal hopes The US dollar weakened against most of its major peers this week, […] The post Week Ahead – US CPI Data, BoJ Summary and RBA Decision Take the Stage appeared first on ActionForex.

Nonfarm payrolls declined by 23k in July, well below the Bloomberg consensus forecast calling for a gain of 80k. The prior two months were revised lower by a total of 103k – pushing the three-month average down to 20k (from 77k in June). Government hiring contracted by a sizeable 53k – largely driven by a […] The post US: Payrolls Disappoint in July, But the Unemployment Rate Falls to 4.1%  appeared first on ActionForex.

Canada’s economy added 75k jobs in July (+0.4% m/m), well above consensus expectations for a 20k gain. The monthly details skewed towards part-time jobs (+57.9k) versus full-time (38.6k), but pulling back over the past three months shows full-time positions have grown by 193k versus a 12.1k decline in part-time roles. The unemployment rate fell from […] The post Canada’s Unemployment Rate Tumbles as Hiring Picks Up   appeared first on ActionForex.

Why weak payrolls broke the week’s stalemate, and why Hormuz, Saudi warnings and US-China tensions mean the move isn’t a simple green light for risk What’s happening: July nonfarm payrolls unexpectedly fell -23K against expectations for an 85K gain, while May and June were revised down by a combined 103K and wage growth slowed. Markets […] The post NFP Shock Sends Dollar Lower and Gold Above 4,300, but Geopolitical Risks Rise appeared first on ActionForex.

Canada’s labor market delivered a strong upside surprise in July, with employment rising 75.1K, far above expectations of 17.8K and accelerating sharply from 18.2K in June. Employment rate edged up 0.1 percentage point to 60.9%, while unemployment rate unexpectedly fell from 6.5% to 6.4%, against expectations for no change. That was lowest unemployment rate since […] The post Canada Jobs Surge 75K as Unemployment Falls to Two-Year Low appeared first on ActionForex.

US labor market delivered a major downside surprise in July, with nonfarm payrolls falling -23K, far below expectations for an 85K increase. Weak headline was compounded by another round of substantial downward revisions: May payroll growth was cut from 129K to 63K, while June was revised from 57K to just 20K, leaving combined employment gains […] The post US Non-Farm Payrolls Contract -23k. Revisions Expose Deeper Labor Market Weakness appeared first on ActionForex.

Doubts over the effectiveness of the Iran-Oman deal are bolstering the greenback. USDJPY has recouped half of the losses incurred due to intervention. The US dollar posted its best daily performance in two weeks against a backdrop of heightened geopolitical risks and speculators closing out positions ahead of key US labour market data. Employment is […] The post The Dollar Wavers but Climbs appeared first on ActionForex.

Market Overview The crypto market capitalisation has returned to the $2.19T level, retreating into its previous trading range following a flight from risk assets on Thursday evening and the continuation of this trend on Friday morning. The market remains indecisive just above its 50-day moving average, as bearish momentum has already petered out and buyers […] The post The Crypto Market Continues to Gather Momentum for a Breakout appeared first on ActionForex.