BDS Da-Costa Assumang
Gold and Oil rebound amid Middle East tensions, FX and economic data updates
Previous Trading Day’s Events (30.07.2024) German Prelim CPI m/m: Germany’s inflation rate came in at 2.3% YoY, following a provisional CPI increase of 0.3% MoM. The Harmonised Index of Consumer Prices (HICP) showed a 2.6% YoY and 0.5% MoM rise, while co...
2 months ago
4.6% Unemployment Rate in New Zealand; RBA holds Interest Rate at 4.35%
Previous Trading Day’s Events (06.08.2024) Australia Interest Rate: RBA maintained the cash rate at 4.35% for the sixth consecutive meeting, aligning with market forecasts. New Zealand Unemployment Rate: Unemployment rose to 4.6% in Q2 2024, up from a rev...
2 months ago
RBA rate unchanged at 4.35%, ISM Services PMI surges to 51.4.
Previous Trading Day’s Events (05.08.2024) US ISM Services PMI: Rose to 51.4 in July 2024 from 48.8, exceeding the 51 forecast, indicating a moderate uptick in services sector performance. Winners Vs. Losers On August 5, 2024, EURNZD was the top perfor...
2 months ago
US Non-Farm Payrolls miss forecasts and Unemployment Rate rises: Market impact analysis
Previous Trading Day’s Events (02.08.2024) Switzerland Inflation Rate MoM: Consumer prices fell 0.2% in July 2024, meeting market expectations, after being flat the previous month. US Average Hourly Earnings MoM: Increased by 0.2% to $35.07 in July 2024,...
2 months ago
BOE Interest Rate reduced and NFP projected at 175K
Previous Trading Day’s Events (01.08.2024) Australia Balance of Trade: Australia’s trade surplus expanded to AUD 5.59 billion in June 2024, exceeding the AUD 5 billion forecast, with exports increasing 1.7% to AUD 43.77 billion. Euro Area Unemployment Rat...
2 months ago
Fed Rate Unchanged at 5.25% - 5.50%, BOJ Raised Rate to 0.25% : Market Reactions and Key Updates
Previous Trading Day’s Events (31.07.2024) Monthly CPI (Australia): CPI rose 3.8% YoY to June 2024, down from 4% in May. Key driver: easing transport costs (4.2% vs. 4.9% in May). BOJ Interest Rate: Raised short-term rate to ~0.25% in July 2024; bond-buyi...
2 months ago
NZDJPY soars +2.35% while EURNZD falls -0.78%
Previous Trading Day’s Events (07.08.2024) No relevant data. Winners Vs. Losers On August 7, 2024, NZDJPY led gains with a +2.35% increase, adding 201.6 pips, while EURNZD was the top loser, dropping -0.78% and losing 142.6 pips. News Reports Monitor – Pr...
2 months ago
AUD/CHF up 1.70%, EUR/AUD down 1.13%, CAD Unemployment Rate at 6.4% forecast
Previous Trading Day’s Events (08.08.2024) New Zealand Business 2-Year Inflation Expectations: Reduced to 2.03% from 2.33%. United States Initial Jobless Claims: Decreased by 17K to 230K, under the 240K forecast. __________________________________________...
2 months ago
The Home Depot, Inc. (NYSE: HD) Q2 Earnings Release: Market Insights, Analyst Forecasts, and Technical Analysis
Tomorrow, August 13, 2024, at 9:00 AM ET, The Home Depot, Inc. (NYSE: HD) will announce its Q2 2024 earnings, marking a key event for market participants. Market Cap €316.50 Billion in market capitalization positions Home Depot as the 27th most valuable...
2 months ago
NZDJPY led the gainers with +0.81% as US PPI expected at 0.2%
Previous Trading Day’s Events (12.08.2024) No relevant data. Winners Vs. Losers In The Forex Market On August 12, 2024, NZD/JPY led the gainers with a +0.81% increase, adding 70.7 pips, while GBP/NZD was the top loser, dropping -0.26% and losing 56.1 pi...
2 months ago
RBNZ slashes rates by 25bps to 5.25%; Focus shifts to key UK and US inflation data
Previous Trading Day’s Events (13.08.2024) Australia Wage Growth: Wage Price Index up 4.1% YoY in Q2 2024, unchanged from Q1; public sector wages up to 3.9%, private sector growth slows to 4.1%. UK Claimant Count: Unemployment claims rose by 135K to 1.801...
2 months ago
Australia's 4.2% Unemployment Spike, US Retail Sales Surge 1%, UK Retail Sales at 0.6% Forecast; S&P 500 Gains 0.4%
Previous Trading Day’s Events (15.08.2024) Australia Unemployment Rate: July 2024 at 4.2%, highest since January 2022. Unemployed rose by 23.9K to 637.1K. UK Monthly GDP MoM: August 2024 flat, after 0.4% growth in July. Services are down 0.1%, and industr...
2 months ago
UK Retail Sales MoM up 0.5%, Michigan Consumer Sentiment at 67.8, Gold hits record high over $2500.
Previous Trading Day’s Events (16.08.2024) UK Retail Sales MoM: July 2024 retail sales rose 0.5%, rebounding from June’s 0.9% drop, driven by a 1.4% increase in non-food stores, while food sales stalled and automotive fuel sales fell 1.9%. UK Retail Sales...
1 month ago
NZDUSD surges 1.03% as Canadian CPI data looms
Previous Trading Day’s Events (19.08.2024) U.S CB Leading Index m/m: The composite index, measuring changes across 10 economic indicators for July, was forecasted at -0.4% but actual data revealed a deeper decline at -0.6%. Winners Vs Losers In The Forex...
1 month ago