SHARE
this page
FacebookTwitterLinkedInWhatsAppTelegramMessenger

US Jobs report beats expectations, US dollar rallies

  

Last Week Risers & Fallers:

Apple Inc. (NYSE: AAPL) share price closed 0.2% for the week on Friday. However, Apple shares are in consolidation, and stocks are near a buy zone. In addition, Apple posted solid earnings last quarter.

NVIDIA (NASDAQ: NVDA) share price increased by 3.39% this week, closing Friday at $203.66 per share. Nvidia is in the process of acquiring Arm, a semiconductor manufacturer but is facing challenges with the acquisition due to the UK’s concerns around national security. NVIDIA’s stock price surged this week after JP Morgan analysts increased their price target from  $176 to $215 per share.

USDCHF gained 99 pips and increased by 1.08%- the US dollar has recovered this week and rallied against all majors on Friday after a better-than-expected NFP report. The report posted 943,000 new jobs in July.

US Oil futures (WTI) price decreased last week, coming off a monthly high of $73.93 a barrel to close at $67.83 per barrel on Friday. Oil has been struggling to due lower demands as the Delta variants threaten the US and China. In addition, drone strikes on tankers transporting oil in the Gulf of Oman have impacted supply.

Major events to watch:

USA (USD): Crude Oil Inventories – Weekly report on the change in the number of crude oil barrels held by US Firms. Last week’s change in levels was 3.626 Million, higher than forecast, which indicates a decrease in demand. The report is due Wednesday 11 August at 16:30 GMT+2.

UK (GBP):  UK Manufacturing (MoM) report is due Thursday 12 August at 08:00 GMT+2. It is a measure of the change in inflation-adjusted output produced by manufacturers. Manufacturing accounts for 80% of industrial production. July’s report was -0.1%, lower than the expected 1.0%.

Australia (AUD): Employment Change measures the change in the number of people employed. The report is due Friday 13 August at 03:30 GMT+2. July’s reading was 29,100, lower than the forecasted 30,000. A higher than forecasted reading should be taken as bullish for the AUD, while a lower-than-expected could mean bearish for the AUD.


Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

Trading Experience Plus

Previous
Next

Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods

  • Trade

    Access 500+ instruments across all asset classes on MT4/MT5

That's it, it's that easy to open a Forex and CFD trading account.
Welcome to the world of trading!
Open Live Account

Contact Us

  • General Enquiries

    We are here to provide you with a successful trading journey from account opening to funding and trading.

    [email protected]
  • Premium Clients

    If you are interested in becoming a premium to unlock your extra services as a high-volume trader or joining Vantage Club, please email us below.

    [email protected]