Previous Trading Days Events 04.09.2024

Australia GDP Growth Rate The Australian economy expanded by 0.2 QoQ in Q2 2024, missing forecasts of 0.3. This marks the 11th consecutive quarter of growth, though the pace slowed, driven by a 1.4 increase in government spending, up from 1.2 in Q1.

Australia Annual GDP Growth GDP grew by 1 YoY in Q2 2024, the slowest annual rate since Q4 2020.

Canada Balance of Trade Canada posted a trade surplus of CAD 0.68 billion in July 2024, the first surplus since February, missing expectations of CAD 0.85 billion after a revised deficit of CAD 0.18 billion in June.

Canada Interest Rate The Bank of Canada cut its benchmark rate by 25bps to 4.25 in September 2024, the third consecutive cut after holding rates at a terminal 5 for 10 months.

US Job Openings Dropped by 237K to 7.673M in July 2024, marking the lowest level since January 2021, and missing forecasts of 8.10M.

US Factory Orders Rose by 5 to 592.1B in July 2024, exceeding expectations and recovering from a 3.3 decline, indicating economic resilience.

Winners and Losers In The Forex Market

On September 4, 2024, in the forex market, EURUSD led the gains with a 0.35 move and an advance of 38.8 pips, while USDJPY lagged as the biggest loser, sliding 1.19 and shedding 173.8 pips.

News Reports Monitor Previous Trading Day 04.09.2024

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Tokyo Session AUD bullish with Q2 2024 QoQ GDP growth at 0.2 below 0.3 forecast and YoY growth at 1 slowest…