周五公布的非农就业人数大幅下降（新增就业岗位 114,000 个，低于预期的 185,000 个），引发了美国和欧洲股市的进一步抛售。此前由于担心美国经济可能陷入衰退，股市已在前一交易日大幅下跌。纳斯达克指数在持续数日的抛售中下跌了 10% 以上，从技术上讲，这已经是“修正”。在欧洲央行和英国央行降息之后，债券收益率正在下降，而美联储已表示，9 月份可能会降息。考虑到创纪录的赤字和债务，经济衰退压力迫切需要降低利率，更不用说在如此高的水平上偿还债务的能力了。各国央行面临着阻止欧洲和美国的经济衰退压力。日本央行已经加息，与大多数西方央行的方向相反，因为日本货币面临极大压力，通胀正在加剧。如果这种急剧下跌持续到 8 月，那么紧张局势和恐惧情绪将加剧。目前来看，美元仍是一种避险货币，欧元下跌反映出这一点，欧元已跌回 1.0800 以下。
大宗商品货币寻求一些盘整，澳元有望重新升至 0.6500，而新西兰元表现良好，跃升至 0.5950。未来一周将关注亚洲、欧洲和美国的 PMI 数据。贸易数据和通胀也将受到密切关注，中国经济数据可能将推动大宗商品价格和货币价格上涨。
The big miss on Friday’s Non-Farm Payroll number, (adding 114,000 jobs v an expected 185,000), triggered further sell-offs in US and European equity markets. This followed big losses from the previous session, with fears the US economy may well be headed into a recession. The NASDAQ has shed more than 10%, in this current sell-off, which is technically now a ‘correction’. Bond Yields are falling, following rate cuts from the ECB and Bank of England, while the Fed has indicated it may well follow suit, in September. The recessionary pressures are screaming out for interest rate relief, not to mention debt servicing abilities at these elevated levels, considering record deficits and debt. The heat is on Central Banks to interrupt the European recession, and the looming recession, in the USA. The Bank of Japan has raised rates, moving in the opposite direction of most Western Central Banks, as the currency is under extreme pressure and inflation is taking hold. If these dramatic falls continue into August, then tensions and fears will rise. The US Dollar remains a safety play, reflected in the fall of the EUR, which has slipped back below 1.0800.
Commodity currencies look for some consolidation, with the AUD looking to regain 0.6500, while the NZD has fared well, jumping to 0.5950. This coming week will focus on PMI data from Asia, Europe and the US. Trade data and inflation will also be closely followed, with a spotlight on Chinese economic data, driving commodity prices and currencies.
大宗商品货币寻求一些盘整，澳元有望重新升至 0.6500，而新西兰元表现良好，跃升至 0.5950。未来一周将关注亚洲、欧洲和美国的 PMI 数据。贸易数据和通胀也将受到密切关注，中国经济数据可能将推动大宗商品价格和货币价格上涨。
The big miss on Friday’s Non-Farm Payroll number, (adding 114,000 jobs v an expected 185,000), triggered further sell-offs in US and European equity markets. This followed big losses from the previous session, with fears the US economy may well be headed into a recession. The NASDAQ has shed more than 10%, in this current sell-off, which is technically now a ‘correction’. Bond Yields are falling, following rate cuts from the ECB and Bank of England, while the Fed has indicated it may well follow suit, in September. The recessionary pressures are screaming out for interest rate relief, not to mention debt servicing abilities at these elevated levels, considering record deficits and debt. The heat is on Central Banks to interrupt the European recession, and the looming recession, in the USA. The Bank of Japan has raised rates, moving in the opposite direction of most Western Central Banks, as the currency is under extreme pressure and inflation is taking hold. If these dramatic falls continue into August, then tensions and fears will rise. The US Dollar remains a safety play, reflected in the fall of the EUR, which has slipped back below 1.0800.
Commodity currencies look for some consolidation, with the AUD looking to regain 0.6500, while the NZD has fared well, jumping to 0.5950. This coming week will focus on PMI data from Asia, Europe and the US. Trade data and inflation will also be closely followed, with a spotlight on Chinese economic data, driving commodity prices and currencies.
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