Tag: tickmill

Gold prices took a nosedive following the release of January’s Nonfarm Payrolls (NFP) data by the United States Bureau of Labor Statistics. The report revealed a staggering 353K new hires, surpassing the consensus of 180K and December’s 216K fresh payrolls. Despite investor expectations for a slight uptick to 3.8%, the Unemployment Rate held steady at […]

USD Lower Ahead of NFP Ahead of the latest US jobs data due today, the US Dollar has turned lower. The move comes despite the Fed this week pushing back against near-term rate-cut calls. The sell-off is partly linked to position covering ahead of the data. With a weaker figure expected on the headline NFP […]

Daily Market Outlook, February 2, 2024 Munnelly’s Market Minute…“Mega Tech Earnings Boost Equities, Focus Shifts To Jobs Data” Prior to the release of the monthly US labor report later today, most equity markets in the Asia-Pacific region are experiencing gains. This is due to strong performances in the tech sector after the US market closed,both […]

Pound Pushing Higher GBP is rallying on the back of yesterday’s BOE meeting, creating some interesting opportunities across the FX space. The reaction might appear at little counter-intuitive given the more dovish tone to the meeting. Dovish Twist The bank held rates unchanged, as expected, yet sounded more optimistic over the prospect of returning inflation […]

BOE Up Next Following on from the Fed yesterday, the BOE will step into centre stage today. Given the building speculation around anticipating the first 2024 central bank rate cuts, there is plenty of attention on today’s meeting and plenty of volatility risk consequently. Despite the recent uptick in UK inflation, which rose last month […]

Nasdaq Pulls Back On the back of the Alphabet and Microsoft reporting earlier this week, the focus moves back onto big tech names today with Apple, Meta and Amazon all reporting Q4 results. The Nasdaq has turned lower in recent days following a negative market reaction to Tuesday’s results. Despite both companies topping forecasts on […]

Fed Pushes Back on Rate-Cut Calls The US Dollar is seeing a decent bid across early European trading on Thursday. Last night, the Fed held its headline policy rate unchanged as expected while adding additional pushback against near-term rate-cut calls. The Fed warned that it was still too early to be expecting rate-cuts (signalling that […]

The EUR/USD pair isn’t catching a break, heading south for the second day straight and hovering around 1.0790 during the European session on Thursday. The mighty US Dollar is gaining traction against the Euro, riding high on the words of Federal Reserve Chair Jerome Powell, who slammed the door on a rate cut in the […]

Aussie Inflation Falls Again The Australian Dollar is looking a little softer across the European morning on Wednesday following the latest domestic data overnight. Australian CPI was seen falling back to 0.6% QoQ, down by half from the prior quarter’s 1.2% figure. On the year, inflation stood at 3.4%, down sharply from the prior 4.3% […]

Daily Market Outlook, February 1, 2024 Munnelly’s Market Minute…“Focus Shifts To BoE After Post FOMC Selloff” Asian markets showed a mixed performance following losses on Wall Street due to concerns in the banking sector and Federal Reserve Chair Powell’s resistance to a rate cut in March. However, Chinese Caixin Manufacturing PMI data exceeded expectations. The […]