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A weekly update of the financial markets. https://lnkd.in/dzqhW43s Highlights: Week#36 of 2024; US: Aug nonfarm payrolls @ 142K US: Tech stocks take a tumble FED: 57% chance for 25bps cut Bitcoin: Lowest since Feb @ $54K CBK: USD/KES @ 129.19 TBILL: 91-day rate @ 15.76% WB/IMF: Reckless lending to Kenya

A weekly update of the financial markets. https://lnkd.in/dzqhW43s Highlights: Week#36 of 2024; US: Aug nonfarm payrolls @ 142K US: Tech stocks take a tumble FED: 57% chance for 25bps cut Bitcoin: Lowest since Feb @ $54K CBK: USD/KES @ 129.19 TBILL: 91-day rate @ 15.76% WB/IMF: Reckless lending to Kenya

A weekly update of the financial markets. https://lnkd.in/dzqhW43s Highlights: Week#36 of 2024; US: Aug nonfarm payrolls @ 142K US: Tech stocks take a tumble FED: 57% chance for 25bps cut Bitcoin: Lowest since Feb @ $54K CBK: USD/KES @ 129.19 TBILL: 91-day rate @ 15.76% WB/IMF: Reckless lending to Kenya

𝙏𝙝𝙞𝙨 𝙢𝙤𝙧𝙣𝙞𝙣𝙜'𝙨 𝙁𝙓 𝙝𝙚𝙖𝙙𝙡𝙞𝙣𝙚𝙨: 🇬🇧 UK wage growth slows more than expected 🇬🇧 UK unemployment ticks higher, pound sells off 💵 Dollar steady after three weeks of declines 🇺🇸 US inflation rate due today, no change expected 📈 Bitcoin reaches new all time high above $72,000 📈 𝘾𝙝𝙖𝙧𝙩: Bitcoin's New Record High 👉 𝙍𝙚𝙖𝙙 𝙩𝙝𝙚 𝙛𝙪𝙡𝙡 𝙧𝙚𝙥𝙤𝙧𝙩: https://bit.ly/3Tx8CQN 👉 𝙎𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚: okumarkets.com/newsletter #finance #accounting #economics #FX #business #riskmanagement

GBP/USD clings to daily gains at around 1.2800 in the second half of the day on Friday. Nonfarm Payrolls in the US rose by 114,000 in July. This reading missed the market expectation of 175,000 by a wide margin and triggered a USD selloff. EUR/USD rebounds above 1.0950 in European trading on Monday, helped by a fresh leg lower in the US Dollar. The Greenback tracks the USD/JPY sell-off amid increased dovish Fed bets and intense risk aversion. Eyes on Middle East escalation and US ISM PMI data. #Vorto #VortoTrading #Team #VortoTeam #complexcurrencies #multicurrency #onlinebanking #bankingsolutions #crossboarder #transfers #payments #foreignexchange #financialproducts #exchangecurrencies If you would like more information on our weekly calendar, please feel free to reach out to a member of the team. Get in touch 👇🏻  📧- info@vortotrading.com  💻- www.vortotrading.com  ☎️- +44 (0) 203 307 1155 #complexcurrencies #multicurrency #onlinebanking #bankingsolutions #crossboarder #transfers #payments #foreignexchange #financialproducts #exchangecurrencies #thinkoutsidethebox #savemoney #besmart #thecleverwaytosendcurrency #fintech #virtualbanking #ebanking #businessfunding #fxpayments #payrollservice #economy #economiccalendar

📅 This Week's Key Economic Calendar Events! 🌐💼 Get ready for a dynamic week ahead in the world of finance! 🚀 Here's what's in store: 🏦 Wednesday: Keep an eye on the Bank of Canada's interest rate decision. 🇪🇺💹 Thursday: The European Central Bank will announce its interest rate decision. 🇺🇸💼 Friday: Brace yourselves for the release of US Non-Farm Payrolls. But wait, there's more! 🗣️ Stay tuned for speeches from officials worldwide, adding depth to market insights. Stay informed, stay agile, and seize those trading opportunities! 📊✨ #EconomicCalendar #MarketWatch #TradeSmart #FastBull #financialnews #economicnews #aisignals #tradinganalysis #tradingquotes #tradingdata #forex #stock #commodities #crypto #indices #247news #tradingnews #tradingcolumns #quotes #latestnewstrends #breakingnews #industryinsights #financialinsights #livestreamingnews

The Central Bank of Kenya (CBK) unveils a promising opportunity with a generous 16% return on its latest 10-year bond. This initiative marks the first long-term issuance in over a year, signaling a strategic shift towards medium to long-term bonds. The aim is to diversify maturity profiles and simultaneously mitigate the concentration risk of securities reaching maturity. This departure from market-driven return rates to a fixed 16% coupon offers a clear incentive for investors looking for stable, long-term investment options. #CentralBankOfKenya #InvestmentOpportunity #10YearBond #SecureReturns #EconomicGrowth #FinancialStrategy

Historically, our employment is topped off - at full employment. The large rate cut was for two other purposes: 1. Help the election and thereby help Joe/Janet/Jerome, and 2. Protect inflated asset values Money supply growing again, we are still awash in liquidity and in spite of record debt there is no intention to deal with the debt problem by raising taxes and cutting spending. Thus we can pretty much expect inflation reignition, dollar to continue to lose purchasing power, currency to continue to slip among world reserve currencies, and alternatives to our failing and flailing erstwhile dominant dollar -- BRICS, Gold, Bitcoin, to continue to move forward.

FxGecko Financial Calendar This week, investors focus on ⤵️ US PMI data US ADP employment data 🔥 Bank of Canada (BOC) Rate Statement Fed Chair Powell Testifies🔥 ECB Monetary Policy Statement US initial jobless claims US non-farm payrolls (NFP) 🔥 You can view the full financial calendar data at FxGecko APP. #EUR #CAD #USD #DXY #dollar #XAUUSD #forexmarket

📉 The dollar retreats after reaching two-week highs, with investors awaiting the crucial U.S. nonfarm payrolls report. Positive private employment data and a decline in weekly jobless claims initially boosted the dollar. Analysts remain cautious, citing concerns about weakening labor market indicators. Cryptocurrencies, including bitcoin, gain traction amid expectations of SEC approval for a spot bitcoin exchange-traded fund. The dollar index eases to 102.33, and experts predict potential weakening against the euro, sterling, and yen in the first half of the year. Sterling rises 0.3% against the dollar on resilient UK borrowing and robust services sector growth. #Forex #CurrencyMarket #EconomicIndicators