<\/p>\n
What happened in the US session?<\/b><\/p>\n
US labour data are generally weaker compared to previous. The latest data shows earnings increased by 0.2% (forecasted 0.3%, previous 0.3%), 311K jobs added (forecasted 504K, previous 224K), and a 3.6% unemployment rate (forecasted 3.4%, previous 3.4%).<\/span><\/p>\n What does it mean for the Asian Session?<\/b><\/p>\n The latest announcement by the US Treasury and Federal Reserve to stem the developing crisis in the banking system has weakened the USD and is likely to see a continuation of the reactive effect in the session.\u00c2\u00a0\u00c2\u00a0<\/span><\/p>\n The Dollar Index (DXY)<\/b><\/p>\n Key news events today<\/b><\/p>\n No major news events.<\/span><\/p>\n What can we expect from DXY today?<\/b><\/p>\n No major news for USD today, so its price direction may draw from previously released lower-than-expected labour data. The US dollar may weaken in the short term as investors respond to these lower-than-expected figures.<\/span><\/p>\n Central Bank Notes:<\/span><\/i><\/p>\n Next 24 Hours Bias<\/b><\/p>\n Bearish<\/span><\/p>\n Gold (XAU)<\/b><\/p>\n Key news events today<\/b><\/p>\n No major news events.<\/span><\/p>\n What can we expect from Gold today?<\/b><\/p>\n The anticipated weaker USD could boost demand for Gold as yellow gold becomes relatively cheaper for buyers using other currencies. Tuesday\u00e2\u20ac\u2122s lower expectations on US inflation would provide another bullish jolt.<\/span><\/p>\n Next 24 Hours Bias<\/b><\/p>\n Weak Bullish<\/span><\/p>\n The Australian Dollar (AUD)<\/b><\/p>\n Key news events today<\/b><\/p>\n No major news events.<\/span><\/p>\n What can we expect from AUD today?<\/b> Central Bank Notes:<\/span><\/i><\/p>\n Next 24 Hours Bias<\/b><\/p>\n Weak Bearish<\/span><\/p>\n The Kiwi Dollar (NZD)<\/b><\/p>\n Key news events today<\/b><\/p>\n No major news events.<\/span><\/p>\n What can we expect from NZD today?<\/b><\/p>\n The latest BusinessNZ Services Index increased from 54.7 to 55.8, indicating sector expansion, potentially strengthening NZD. On the other hand, FPI m\/m decreased from 1.7% to 1.5%, leading to reduced inflation and a potential weakening of the NZD.<\/span><\/p>\n Central Bank Notes:<\/span><\/i><\/p>\n Next 24 Hours Bias<\/b><\/p>\n Mixed<\/span><\/p>\n The Japanese Yen (JPY)<\/b><\/p>\n Key news events today<\/b><\/p>\n No major news events.<\/span><\/p>\n What can we expect from JPY today?<\/b><\/p>\n The upcoming release of the JPY BSI Manufacturing Index is forecasted to be -4.2, a slight decrease from the previous reading of -3.6. This indicates a potential decline in confidence among Japanese manufacturers, which could negatively impact the country’s economy.\u00c2\u00a0<\/span><\/p>\n Central Bank Notes:<\/span><\/i><\/p>\n Next 24 Hours Bias<\/b><\/p>\n Weak Bearish<\/span><\/p>\n The Euro (EUR)<\/b><\/p>\n Key news events today<\/b><\/p>\n No major news events.<\/span><\/p>\n What can we expect from EUR today?<\/b><\/p>\n The Eurogroup meetings’ outcome can significantly impact the Euro’s value in the international currency markets. Suppose the ministers agree on critical economic issues and propose policies that are seen as favourable for the Eurozone’s economy. In that case, it can strengthen the Euro’s position and increase demand for the currency.<\/span><\/p>\n Central Bank Notes:<\/span><\/i><\/p>\n <\/p>\n Next 24 Hours Bias<\/b><\/p>\n Mixed<\/span><\/p>\n The Swiss Franc (CHF)<\/b><\/p>\n Key news events today<\/b><\/p>\n No major news events.<\/span><\/p>\n What can we expect from CHF today?<\/b> Central Bank Notes:<\/span><\/i><\/p>\n Next 24 Hours Bias<\/b><\/p>\n Weak Bullish<\/span><\/p>\n The Pound (GBP)<\/b><\/p>\n Key news events today<\/b><\/p>\n No major news events.<\/span><\/p>\n What can we expect from GBP today?<\/b><\/p>\n As there is no major news event for GBP today, the direction of the currency is likely to draw from the latest GDP m\/m figures that show a growth of 0.3% in the economy in the last reported period. Although a lagging indicator, the positive GDP growth can suggest that the economy is recovering and may support the pound\u00e2\u20ac\u2122s value.\u00c2\u00a0<\/span><\/p>\n Central Bank Notes:<\/span><\/i><\/p>\n Next 24 Hours Bias<\/b><\/p>\n Weak Bullish<\/b><\/p>\n The Canadian Dollar (CAD)<\/b><\/p>\n Key news events today<\/b><\/p>\n No major news events.<\/span><\/p>\n What can we expect from CAD today?<\/b><\/p>\n No major news event for CAD today, so price direction is likely drawn from previously released labour data. Employment Change: 21.8K (vs forecasted 8.5K, previous 150.0K). Unemployment Rate: 5.0% (vs forecasted 5.1%, previous 5.0%). These figures may positively impact CAD\u00e2\u20ac\u2122s price direction, albeit mildly and temporarily.<\/span><\/p>\n Central Bank Notes:<\/span><\/i><\/p>\n Next 24 Hours Bias<\/b><\/p>\n Mixed<\/span><\/p>\n Oil<\/b><\/p>\n Key news events today<\/b><\/p>\n No major news events.<\/span><\/p>\n What can we expect from Oil today?<\/b> Next 24 Hours Bias<\/span><\/p>\n Weak Bullish<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" What happened in the US session? US labour data are […]<\/p>\n","protected":false},"author":8,"featured_media":56102,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215],"tags":[],"class_list":["post-57211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis"],"_links":{"self":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/57211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/comments?post=57211"}],"version-history":[{"count":1,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/57211\/revisions"}],"predecessor-version":[{"id":57212,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/57211\/revisions\/57212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/media\/56102"}],"wp:attachment":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/media?parent=57211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/categories?post=57211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/tags?post=57211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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\n<\/span>Despite a lack of AUD data, RBA Governor Lowe’s recent comments may impact the currency’s price. He discussed the need for tightening to meet inflation targets while halting interest rate hikes due to a stricter monetary policy.<\/span><\/p>\n\n
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\n<\/span>Given the absence of any critical news updates for CHF today, the direction of its price may be swayed by the recent address given by the SNB Chairman. This speech outlined plans to stabilise prices via interest rate modifications and currency interventions, indicating a move towards tighter economic policies.<\/span><\/p>\n\n
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\n<\/span>An anticipated weakening of the US dollar may decrease the price of oil in non-dollar currencies, potentially boosting demand.<\/span><\/p>\n