The total of US employment vacancies fell to about 10.7 million through the last day of June. Even with the sharp decline, there were still 1.8 open jobs per available worker.Job openings retreated in June to their lowest level since September 2021 in a potential sign that a historically tight …
Read More »Yen heads for the biggest streak of gains in two years ahead of Pelosi’s visit to Taiwan
The yen is set for its biggest streak of gains since the height of the coronavirus crisis in March 2020, as escalating US-China tension over Taiwan and heightened fears of a global economic slowdown boosted the attractiveness of assets that are considered safe investments. The US dollar has struggled broadly, …
Read More »China bans imports of more than 100 Taiwanese food manufacturers
The People’s Republic of China decided to impose trade sanctions against Taiwan – as it had done against Australia – and targeted the island’s industrial sector, which enjoys political independence despite being a part of China. The General Administration of Customs of China suddenly announced the suspension of imports of …
Read More »Taiwan prepares for emergency amid China’s threats
Taiwan’s Ministry of Defense said in a statement Tuesday that it is fully aware of the military exercises of China’s forces near the island’s coast, and that Taiwan is determined, capable and confident in its capabilities to protect its territory in case of emergency or any threats. This comes after …
Read More »China leads losses in Asia as geopolitical tensions escalate
China led Asian market losses on Tuesday, August 2nd, amid geopolitical tensions in the region due to a supposed visit of US House Speaker Nancy Pelosi to Taiwan. The Shanghai Composite Index fell 1.55% and the Japanese Shenzhen Index decreased by 1.48% at the close of trading The Hang Seng …
Read More »EUR/USD Impacted By Eurozone Retail Sales
The EUR/USD pair is struggling around 1.0260 as estimates for Eurozone Retail Sales shift lower. The Dollar Index has hit a fresh three-week low as the recruitment process seems vulnerable in July.Eurozone’s stable jobless rate may remain a hurdle for the ECB in hiking interest rates. The EUR/USD pair failed …
Read More »Market Drivers – US Session – Monday, August 1
The White House said on Monday it expected China in coming days to escalate its response to a potential visit by US House of Representatives Speaker Nancy Pelosi to Taiwan and said the United States would not be intimidated. The US dollar edged lower on Monday, although the slide pared …
Read More »White House: US will not be intimidated by China
The White House said on Monday it expected China in coming days to escalate its response to a potential visit by US House of Representatives Speaker Nancy Pelosi to Taiwan and said the United States would not be intimidated.China’s actions could include firing missiles near Taiwan, large-scale air or naval …
Read More »Weak Global Manufacturing Data Adds To Recession Fears
On Monday, Equity index futures turned a bit negative to start a new week and month, as investors are still digesting last week’s data with the S&P 500® index (SPX) near June highs.Potential Market Movers this week include economic and earnings calendars that appear a bit lighter compared to last …
Read More »AUD/USD rallies ahead of RBA’s rate decision
Market sentiment is mixed on Monday, but the AUD/USD pair is boosted by the softer US dollar and the RBA’s awaited decision.US ISM Manufacturing data stays in expansionary territory, though prices and new orders dropped. The AUD/USD pair rises above the 0.7000 figure on a mixed sentiment session, encouraged by …
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