Coming off some eye-opening earnings/revenue numbers from Amazon after the close (lower revenues and rumblings of a slower consumer), and a day yesterday where there was a string of bad news, the markets got another dose of “weak” today in the US jobs report. The July 2024 US non-farm payrolls report revealed an increase of…
Next Week’s Menu: August 3-9, 2024 August 2, 2024 Central Banks: Monetary policies will be reviewed next week in Mexico, Peru, Moldova, Australia and India. The Bank of Japan will publish a summary of the recent Board meeting and minutes from the previous one. Holiday and Special Events: There is a Civic Holiday in Canada…
By Karen Brettell NEW YORK (Reuters) -The U.S. dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September as the economy sours. Employers added 114,000 jobs, below expectations for an increase of 175,000. The…
AUD/JPY Sentiment Chart as of August 3rd, 2024 (Source: DailyFX Team) Surge in Retail Traders’ Net-Long Positions Retail trader data reveals that 60.00% of traders are net-long on AUD/JPY, with a long-to-short ratio of 1.50 to 1. This marks the highest net-long position since July 26, when AUD/JPY traded around 100.60. The number of traders…
Goolsbee continues to do the media rounds: “It’s one month’s number, it’s a negative number,” Austan Goolsbee told Sirius XM, later adding: “This negative number fits into the through-line of — hey, better be careful, if you’re going to be as restrictive as we’ve been.” If inflation and the job market continue cool, the Fed…
US jobs data underwhelmed, triggering the SAHM rule, signaling a likely recession. The Magnificent 7 tech companies have lost nearly $1.75 trillion in market capitalization over the past 10 days. Rate cut bets for the US face significant revisions with recessionary fears weighing on global markets. Reserve Bank of Australia (RBA) next week. Will the…
Tamadoge Price Prediction – August 2 Variant lower and higher lows have persistently been demonstrating in the market worth of Tamacoin versus the American fiat currency, as the current financial situation shows that the crypto-economic price is fine-tuning basis and settling for rises signals. Since there hasn’t been a clear path for the TAMA/USD trade…
By RoboForex Analytical Department The price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday. The surge in gold prices is largely driven by growing expectations that the US Federal Reserve will soon reduce interest rates. This anticipation has been bolstered by recent signals from the…
High performers often face unique challenges in the workplace, where their skills and dedication can lead to unintended frustrations. Despite their contributions, these individuals frequently receive inadequate or low-quality feedback during performance reviews. This can lead to dissatisfaction and even attrition. High performers, who are crucial to the success of any organization, find themselves struggling…
Marathon Digital Holdings (MARA) saw its shares drop by up to 8% in after-hours trading yesterday (Thursday). This decline followed the company’s announcement that its second-quarter revenue fell short of Wall Street expectations. Operational Issues Impact Revenue The company reported revenue of $145.1 million, missing the FactSet estimate of $157.9 million. Marathon attributed the revenue…