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Is China on The Brink of Stagflation?

China’s economic outlook is currently under stress caused by its weak real estate sector, where declining property prices and demand signal broader economic issues. As property is a significant component of household wealth in China, the drop in apartment prices has made many reluctant to spend, which contributes to economic performance. Moreover, the country’s strict […]

Pound Sterling falls back ahead of UK’s Q3 GDP data

The Pound Sterling (GBP) is stuck in a tight range as investors seem unwilling to build fresh positions ahead of the release of the UK Q3 Gross Domestic Product (GDP) data, published on Friday at 07:00 GMT. The GBP/USD pair remains on tenterhooks as the Q3 GDP report will shape December’s monetary policy outlook of […]

US Dollar steady as markets brace for Powell and jobless numbers

The US Dollar (USD) looks to be on a drift this week and is looking for direction, or a catalyst that might guide it in any way. The fact that the US Dollar Index is right in the middle of this week’s trading range, clearly points to some fatigue in the Greenback while traders are trying to assess […]

Australian Dollar holds ground with a bearish tone amid RBA uncertainty

The Australian Dollar (AUD) moves below a major level, extending the losses for the third successive day following the dovish rate statement by the Reserve Bank of Australia (RBA). Additionally, the AUD/USD pair faces a challenge due to the rebound in US Dollar (USD). Australia’s central bank adopts a data-dependent approach, particularly as the Australian […]

Australian Dollar extends losses below the major level despite the RBA’s rate hike

The Australian Dollar (AUD) continues to decline despite a 25 basis points interest rate hike by the Reserve Bank of Australia (RBA) on Tuesday. The AUD/USD pair also faced losses as a result of the positive performance of US Treasury yields, aiding the US Dollar (USD) in bouncing back from its two-month low. Australia’s central bank has […]

Pound Sterling alternates between positive risk-on and poor economic outlook

The Pound Sterling (GBP) trades in a narrow range with the downside cushioned due to improved market sentiment but gains are capped due to the stagnant growth outlook for the UK economy. The near-term demand for the GBP/USD pair depends on the performance of the UK economy in the fourth quarter of 2023. The latest information about the UK […]

NFP Forecast: US employers expected to add significantly less Nonfarm Payrolls in October

The Bureau of Labor Statistics (BLS) is due to release the highly-anticipated Nonfarm Payrolls (NFP) report from the United States (US) on Friday, which could have major ramifications for US Federal Reserve (Fed) policy outlook. The US Dollar (USD) is poised for a big reaction to the labor market data, as NFP data tends to infuse […]

Canada Employment Preview: Forecasts from five major banks, deterioration in labour market conditions

Canada’s employment data for October will be reported by Statistics Canada on Friday, November 3 at 12:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers at five major banks regarding the upcoming jobs figures.  The North American economy is expected to have added 22.5K jobs vs. […]

November 3, 2023
By admin

Jobs Data in The Spotlight

European index futures point to a higher opening of the European session, following an upbeat trading on Wall Street yesterday and in Asia-Pacific earlier today. Weakish earnings report from Apple did not derail market sentiment with US index futures extending their bullish streak for the fifth day. Jobs data from the United States and Canada […]

November 3, 2023
By admin

ECB’s Schnabel: Hopeful on inflation but cannot close door on rate hikes

The European Central Bank (ECB) board member Isabel Schnabel said on Thursday that the ECB is on track to push inflation back down to 2% by 2025, but the “last mile” of disinflation is likely to be the most difficult to overcome, so the central bank cannot rule out additional rate hikes.  Key quotes “With our […]