July

As the week comes to a close, USDJPY is trading near intraday and week highs. Today's move higher after the unexpected US jobs report was able to lift the price above the ceiling of the key swing area around the 147.33 level and also above…

High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before…

The AUDUSD pair is moving higher today. The Reserve Bank of Australia kept interest rates unchanged:The Reserve Bank of Australia (RBA) was the latest central bank to announce its policy target when it left the cash rate unchanged at 4.35%…

The latest update on UK economic activity reveals a stagnant picture for July 2024, with flat GDP growth and mixed performance across sectors, likely leaving the Bank of England in a delicate position as it considers future monetary…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

Previous month -$73.1 billion revised to -$73.0 billionGoods trade balance -$102.84 billion vs -$96.56 billionServices surplus $24.3 billion vs. $24.2 billion last monthOther details: Exports +0.5% vs. +1.7% last month.Imports rose by +2.1%…

Previous was +2.6%Core Personal Spending +0.2% MoM vs. +0.2% Expected (Unrounded +0.161%)Previous M/M +0.2%Core PCE inflation rose to +2.5% YoY vs. +2.6% expected (+2.5%)Deflator +0.2% MoM vs. +0.2% Expected (previous was +0.1%)Unrounded…

Average 12-month reduction was 2.7% versus 2.8% previously.Looking at the data, we see some notable changes:Eggs: a massive 90.9% increase (1-month annual change)Window coverings: significant decrease of -27.3%Used Cars: Huge drop of…

The latest US economic data suggests that inflation will remain stable in July 2024, while consumer spending will increase, according to figures released today by the Bureau of Economic Analysis (BEA). The core personal consumption…