Market Overview - Page 70

Better-than-expected Canadian jobs data made the Loonie seem stronger than the Greenback for a while, and it made another attempt to get back below 1.36 for USDCAD. Payrolls rose by 39.9k, double the expected 19K. On a more positive note,.

Business activity in the UK is losing ground, as is the case in Europe and China, although the final reading for August saw the services PMI rise to 49.5 from the first estimate of 48.7. According to today’s PMI, the.

Economic data from China and the eurozone sent markets back into sell-off mode. China’s services PMI fell from 54.1 to 51.8, the smallest growth rate since last December. That’s a sharper slowdown than the 53.6 expected. The momentum of the.

Friday’s batch of US statistics boosted the Dollar, while the US stock market was mixed as a sell-off replaced an initial rally. The data showed that the US economy created 187K jobs in August, but data for the previous two.

Personal spending by Americans in July points to increased risks of a return to inflation. Consumer spending rose 0.8% in July, following a 0.7% increase a month earlier. Meanwhile, incomes rose 0.2% in July and 0.3% in June. Disposable personal.

Oil has risen in five of the last six trading sessions, gaining almost 4%. With a lower volatility, Crude may be preparing for a big move higher. US commercial oil inventories plunged by 10.6M barrels last week and have fallen.

Financial markets have staged an impressive rally across a broad range of instruments. This is an essential signal that risk appetite improves after about a month of correction. But based on the idea that “the worse, the better”, such a.

Gold’s rally appears to be running out of steam after a 2% rally since the beginning of last week. Gold has been at the mercy of sellers for a month since the 20th, losing over 5.2% from peak to trough..

Have the dollar bulls finally won, or do the sellers still have a chance? The answer may not come until later in the week. The dollar index finished with growth for the sixth week in a row, climbing on Friday.

It was a very telling performance from the US equity market on Thursday, as three major indices – the S&P500, Nasdaq-100 and Dow Jones 30 – confirmed the dominance of the bearish trend. At least in the medium term. The.

Data out of the US pointed to a further build-up of pro-inflationary risks from the labour market, giving the Dollar a fresh boost intraday. Fresh data showed weekly jobless claims fell to 230K, down from 240K and 250K in the.

There is an important battle for the long-term trend in the euro-dollar pair. The central bank speeches in Jackson Hole on Friday have enough potential to break or reinforce the direction of the past 11 months. EURUSD is trading near.