Market Overview - Page 110

The US labour market created 372K new jobs in June, close to the rate of growth in the previous three months when growth was 398K, 368K and 384K. The data came out better than expectations, which suggested a slowdown to.

The single currency fell to 1.0071 in the early European session on Friday. For EURUSD, it is a new low since December 2002 and a continuation of the massive sell-off that started last Tuesday. Looking solely at the technical picture,.

The US labour market seems to be letting off steam. Indicators ahead of official employment statistics point to a cooling of the market. New weekly jobless claims data showed an increase to 235K against expectations of 230K and 231K a.

The impact of British politics is once again dominating UK markets. Numerous cabinet resignations and the demand for Boris Johnson to step down have proved to be a driving force for GBP currency pairs and the British stock market. Recent.

Brent crude is losing more than 10% in just over a day to $100, repeating the lows of early May and raising the question of breaking the uptrend since last December. In our view, the trend break occurred when the.

The single currency collapsed below 1.03 for the first time since December 2002. The 1.0350 area euro buyers have managed to defend three times in the last month and a half and at the end of 2016. In our view,.

The Turkish lira has been losing more than 1% over the last 24 hours following the release of another batch of inflation statistics which show no sign of easing and trades near 17.0. Consumer prices rose by 5% during June,.

While the calendar’s second half of the year started last Friday, it will probably not begin in the markets until the upcoming US jobs data is released this Friday. It is worth sorting out where the US currency currently stands.

WTI closed last week with minor changes, close to $107. The dynamics of the previous two weeks indicate a timid attempt to return to the bullish trend after the correction. However, there are more signs of an end to the.

Bitcoin is down 9.2% over the past week, finishing around $19,400 and trading near 19,000 on Monday morning. Ethereum has lost 13.3% in the last seven days, while other top altcoins in the top 10 have fallen from 8.6% (BNB).

Gold dived below $1800 on Friday morning, testing this year’s low at $1790. It has managed to get support from buyers on a dip below the important round level in the last six months, but this time buyers may come.

The US merchandise deficit narrowed to its lowest since the end of last year at 104.3bn compared to 106.7bn in April and 125.7bn in March. The record deficit in March was triggered by panic buying a wide range of goods.