USD/JPY and GBP/JPY – Latest Sentiment Analysis and Charts
The outlook for USD/JPY remains mixed while GBP/USD could move lower, according to our latest retail sentiment analysis
India Cenbank Data Shows Far more Jobs than Private Surveys
MUMBAI, July 8 Reuters India39;s central bank said on Monday the country added 46.7 million jobs in the fiscal year ended March, far exceeding numbers in private surveys that point to high unemployment rates in the South Asian nation. The employment growth rate was 6 in 202324 versus 3.2 in 202223, the Reserve Bank of […]
Indias June Fuel Demand Edges Up 2.6
July 8 Reuters India39;s fuel consumption rose by 2.6 yearonyear to 19.99 million metric tons in June from a year earlier, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Monday. WHY IT IS IMPORTANT India is the world39;s thirdbiggest oil importer and consumer. The data is a proxy for […]
Canadas West Coast Port Strike Averted after Board Order
OTTAWA, July 8 Reuters A strike planned for Monday by ship and dock foremen at west Canadian ports has been called off after the country39;s industrial relations board found the union39;s strike notice was in violation of the labor code, the board said in an order. The Board directs the union to rescind its strike […]
Fewer UK Companies Plan to Increase Prices, Survey Shows
LONDON, July 7 Reuters Fewer British firms plan to raise their prices in the coming months, according to a survey that will give reassurance to the Bank of England as it considers the possibility of cutting interest rates as soon as next month. In a latest sign of the improving economic picture inherited by new […]
US, Australia Commit to Better Pacific Banking as China Influence Grows
BRISBANE, July 8 Reuters U.S. and Australian officials said on Monday they were committed to improving financial connectivity in the Pacific, as lenders and policymakers from across the region met to discuss bolstering banking services amid increasing interest from China. Pacific Island countries are facing challenges as Western banks end longterm relationships with their counterparts […]
Euro Zone Investor Morale Drops, Breaking Streak of Gains in Setback
FRANKFURT, July 8 Reuters Investor morale in the euro zone broke an eightmonth streak of improvements with a biggerthanexpected decline in July, a survey showed on Monday, describing the results as a bitter setback. Sentix39;s index for the euro zone fell to 7.3 points for July from 0.3 in June, putting the barometer firmly back […]
Dubais HighEnd Property Sales Undented by Drop in Listings
DUBAI, July 8 Reuters The number of homes worth 10 million or more that were sold in Dubai held steady in the first half of the year despite a drop in listings, an industry report showed on Monday, as demand from the international ultrarich stayed strong. A total of 190 homes worth an overall 3.2 […]
Midyear outlook: Commodities
The broad commodity market appears to have been pulled along by the record-setting US stock market in 1H, with reversion implications.
Less U.S. Employment Growth, Decline for Canadas Employment Change, Unemployment Rates for Both Higher, U.S. Stocks Continue with Uptrend while Commodities Dive
Previous Trading Days Events 05.07.2024 The U.S. job growth slowed more than expected in April and the increase in annual wages fell below 4.0 for the first time in nearly three years, but the labour market remains fairly tight. Nonfarm payrolls increased by 175K jobs last month. Revisions showed 22K fewer jobs created in February […]