Published: 4 August 2022,06:37
Weekly Outlook
On Tuesday evening (GMT+3), the US JOLTs Job Openings data was released, showing 10.689 million job openings, lower than the expected 11 million and the previous month’s value of 11.303 million. This is also the lowest in 9 months.
Robert Frick, corporate economist at Navy Federal Credit Union, notes: “Fewer openings likely mean the froth is being blown off inflated listings for openings as the economy slows down, not that demand for workers is dropping”.
Hiring slowdowns and layoffs have hit the US economy, especially in the tech industry where market risk aversion, poor earnings results, and a crypto winter have prompted companies from Robinhood to Tesla to trim their payroll. The finance sector has also seen cuts, while the travel industry continues to hire as Covid-related shutdowns end around the world.
Post Market
Despite poorer-than-expected job openings numbers, the US dollar has been on an upward rise since Tuesday, with the Dollar Index finding a strong floor at $106 amid risk-averse market behaviour.
Gold, meanwhile, has been swinging around the $1762 mark as investors await further guidance from macroeconomic data.
The Fed’s main job is to balance inflation with economic growth and employment, which it does so by raising interest rates to bring down inflation. Rate hikes, however, have to be measured as overly-fast tightening can lead to a recession.
Investors are strongly advised to look out for Friday’s Nonfarm Payrolls data, which predicts a drop to 250,000 from June’s 372,000 – indicating a slowdown in the US job market. Strong employment numbers have been repeatedly cited by the Federal Reserve as a counterpoint to whether monetary tightening will cause a recession.
Should the NFP data underperform like JOLTs, investors should pay close attention to the upcoming US Core CPI Data, which will be released at 15:30 (GMT+3) on 10 August. If inflation proves to have slowed, then the chances of a recession would be lower.
The US NFP data will be released on Friday, 5 August at 15:30 (GMT+3).
As a friendly reminder, do keep an eye on market changes, control your positions, and manage your risk well.
以行业低点差和闪电般的执行速度交易外汇、指数、贵金属等。
交易平台
学习
关于PU Prime
企业
Important Notice to Visitors
Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.
By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.
Important Notice
Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.
This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.
We appreciate your understanding and cooperation.
If you believe this restriction has been applied in error, please contact our support team for further assistance.
尊敬的客户：
为持续提供稳定与可靠的交易环境，PU Prime 将于每周周末进行以下例行系统优化：
我们对由此可能造成的不便深表歉意，并衷心感谢您的体谅。PU Prime 始终致力于为您提供卓越的交易体验，而本次每周定期系统优化正是为了进一步确保您的交易过程更加稳定与顺畅。
若未来涉及更长时间的系统升级，PU Prime 将提前通过单独公告进行通知。
Important Notice:
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Aviso importante:
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
