Market Overview Analysis by Ipek Ozkardeskaya covering: EUR/USD, USD/JPY, Nasdaq 100, XAU/USD. Read Ipek Ozkardeskaya's latest article on Investing.com
Yesterday, there was no major news on the wire to trigger the minor selloff in global equities, so it was nothing else than a correction after a long rally following an ugly meltdown. As such, thetook another dive, however, and hit the lowest levels since the beginning of January. Citi analysts said that the carry trade is back but not with the Japanese yen but with the.
The numbers were aligned with the Bank of Canada’s forecasts that inflation would drop toward the 2.5% mark in H2. Although inflation is expected to rebound due to incoming base effects for gasoline prices, the numbers backed the dovish BoC expectations, yet here as well, the Loonie was bid against a widely offered US dollar.fell to 1.36 and is about to test the 200-DMA to the downside.
Goldman says that the revision could be as high as a million lower, while JP thinks that the numbers will be revised by around 360,000 jobs to the downside. The bigger the downside revision, the higher the worries that the Fed has waited too much before normalizing and the crazier the Fed doves will go and the higher the pressure will be on the US dollar.shine like a new penny.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech Stocks Tumble Amid Fed Rate Cut SpeculationMarket Overview Analysis by Ipek Ozkardeskaya covering: EUR/USD, USD/JPY, Nasdaq 100, S&P 500. Read Ipek Ozkardeskaya's latest article on Investing.com
Read more »
Markets Eye Sweet Soft-Landing Spot Ahead of Jackson HoleMarket Overview Analysis by Ipek Ozkardeskaya covering: EUR/USD, GBP/USD, USD/JPY, Nasdaq 100. Read Ipek Ozkardeskaya's latest article on Investing.com
Read more »
Indian Rupee extends downside ahead of US GDP dataThe Indian Rupee (INR) extends its decline on Thursday despite the softer US Dollar (USD).
Read more »
Gold extends record rally on dollar weakness, rate-cut betsGold extends record rally on dollar weakness, rate-cut bets
Read more »
Japanese Yen depreciates as US Dollar advances on easing bets of a larger rate cutThe Japanese Yen (JPY) extends its losses against the US Dollar (USD) on Tuesday.
Read more »
New Zealand Dollar remains strong, with all eyes on RBNZ rate decisionThe New Zealand Dollar (NZD) extends the rally on the weaker Greenback on Wednesday.
Read more »