No problem — we will send you a password reset link to your registered email
Still no joy? Contact us
Thanks — all done!
Please check your inbox and follow
the instructions
Still no joy? Contact us
... and now a few questions so we can create your bespoke configuration
(we will email it to you)
You can answer the questionnaire later, or choose the default TradeRadius profile if you prefer
You Are Subscribed To TradeRadius News!
Link is expired. Please try again.
Your comment has been sent for moderation.
You are skipping the configuration step. It means we will apply default Quant Model configuration to your account. You will be able to answer the questions later. If you would like to get personalized configuration, please, answer on the questionnaire
live commentary Post
USD/JPY recovers from below 146.00 while US Dollar retreats ahead of labor market data
By TradeRadius | Wed, 30 Aug 2023 10:32:01 UTC
The USD/JPY pair discovered buying interest after dropping below the 146.00 support on Wednesday. The asset demonstrated recovery despite weakness in the US Dollar ahead of the United States Automatic Data Processing (ADP) Employment Change data for August.
S&P500 futures remain sideways amid a quiet market mood as investors await the US private employment data. US equities were significantly bought on Tuesday after weaker than anticipated Job Openings data, which elevated Federal Reserve (Fed) soft landing hopes. Softer labor demand indicates that the job market is losing its resilience.
Fewer demand for labor by US firms was also the outcome of lower resignations by workers. Employees seem reluctant to switch jobs as the labor market is not as hot as it was earlier. For more information about the current status of the US labor market, ADP Employment data will be keenly watched.
As per the projections, fresh private payrolls were 195K in August vs. July’s reading of 324K. Investors should note that the economic data has been outperforming consensus for past four months. Higher-than-expected payroll data could allow the Fed to keep discussions about one more interest-rate hike alive.
Meanwhile, weakness in the Japanese Yen remains persistent as the Bank of Japan (BoJ) is not expected to exit from dovish monetary policy sooner. BoJ board member Naoki Tamura said it will take a bit more time to judge whether Japan meets BoJ’s price target in a sustainable manner. Also, in what order and at what pace BoJ exits easy policy will depend on economic conditions at the time.
Japanese authority in its annual economic white paper said that "Japan has seen price and wage rises broaden since the spring of 2022,” adding that “such changes suggest the economy is reaching a turning point in its 25-year battle with deflation.”
Partners News
USD/JPY Outlook: Yen Retreats From 2-Month Top After US GDP
The USD/JPY outlook is slightly bullish, with the yen retreating from a 2-month high. This shift comesas the dollar strengthens on the back of upbeat GDP data, indicating a robust economic landscape. At the same time, investors look forward to next week’s Bank of Japan policy meeting.
By TradeRadius | 29 Minutes Ago
GBP/USD Price Analysis: Weak Upside Ahead of US Inflation
The GBP/USD price analysis highlights a bearish trend despite a slight recovery ahead of the US inflation data. The pound fell as investors increased expectations for Bank of England rate cuts in the previous session. At the same time, the dollar was steady amid signs the US economy remains...
By TradeRadius | 29 Minutes Ago
Targeted dating apps make match with mainstream rivals left on shelf
Community knowledge is helping sites such as Grindr and Feeld reel in users, while Tinder and Bumble lose lustre
By TradeRadius | 44 Minutes Ago
Ceigall India opens bid for IPO on August 1. Check dates, other details
The IPO consists of a fresh issue of shares worth Rs 617.69 crore and an offer for sale (OFS) of up to 1.42 crore shares with a face value of Rs 5 per share. The company has informed that the price band, employee discount and the minimum bid lot will be decided by the company…
By TradeRadius | 54 Minutes Ago
Steve Kornacki breaks down the rules of Olympic Handball | Keeping Score
IE 11 is not supported. For an optimal experience visit our site on another browser. July 26, 202403:14 UP NEXT U.S. swimmer Torri Huske wins the 100m Butterfly Olympic heat race 02:10 Watch riveting moment from USA vs China in Olympic Badminton 01:15
By TradeRadius | 54 Minutes Ago
‘He always managed to play golf’: My husband of 14 years never worked and now we’re divorcing. He wants half of my $1 million home. What can I do?
“I made all the mortgage payments, in addition to paying for health coverage for both of us.”
By TradeRadius | 1 Hours Ago
Team USA push for first gold medals as Olympic Games kick off
21m ago / 8:45 AM UTC Freddie Clayton For those who caught last night’s opening ceremony, you may have noticed the torrential rain pouring down on Paris. And due to the adverse weather, organizers have pushed back the men’s street skateboarding event originally scheduled to start this morn...
By TradeRadius | 1 Hours Ago
High housing costs hitting record highs, Harvard University report says
Economists predict mortgage rates will remain elevated for the rest of the year and will only begin to fall once the Federal Reserve starts cutting rates. The high cost of housing is making it hard for many Americans to make ends meet, and monthly rents are rising faster than wages, according t...
By TradeRadius | 2 Hours Ago
Custom duty reduction impact: How gold prices may perform in near future
Government has slashed customs duties on gold and silver by 6 percent. The basic customs duty has been reduced to 5 percent from 10 percent, and the Agriculture Infrastructure and Development Cess lowered to 1 percent from 5 percent. This decision will effectively bring down the overall taxes...
By TradeRadius | 3 Hours Ago
Job losses, protests present difficulties for Chinese Communist Party
Job losses and wage cuts from China's economic downturn are hitting key industries, according to the South China Morning Post, and analysts say the situation could lead to political difficulties for the ruling Chinese Communist Party (CCP).
By TradeRadius | 3 Hours Ago
Subscribe to get news