The robust set of job market data seemed to have cleared much concern over the US recession and set the tone for the financial markets. Benchmark treasury yields jumped as traders added bets on Fed continuing with the current pace of tightening beyond neutral. However, despite that, stock markets were …

Nonfarm Payrolls in the US rose by 528,000 in July, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed June’s increase of 398,000 (revised from 372,000) and came in better than the market expectation of 250,000. The Unemployment Rate edged lower to 3.5%. …

The US dollar rose on Friday, trying to recover losses after the biggest daily decline in more than two weeks, with traders’ focus shifting to US jobs data for more indications of the economy’s strength. The dollar index, which measures the performance of the US currency against a basket of …

Oil prices rose slightly on Friday, climbing from their lowest levels since February, as the market moved between concerns about a shortage of supplies and an expected decline in demand for fuel. By 0900 GMT, Brent crude futures rose 39 cents, or 0.4 percent, to $ 94.51 a barrel, while …

Gold prices settled on Friday at their highest levels a month before the release of long-awaited US employment data, as falling Treasury yields and growing fears of a recession boosted the value of the safe-haven precious metal, keeping it on track for a third consecutive week of gains. By 0701 …

European shares stabilized on Friday as eyes turned to US jobs data expected later. Investors assessed the Bank of England’s biggest rate hike in 27 years amid growing fears of a recession. By 0705 GMT, the pan-European Stoxx 600 index settled, amid fears of slowing growth in the world’s largest …

Oil, Crude, trading

GBP/JPY was able to achieve the bearish targets within the expected negative outlook during the previous analysis, touching the second leg of 161.50, and recording the lowest 161.10 On the technical side today, and with a closer look at the 60-minute chart, we find signs of positivity starting to appear …

The loonie’s movement has changed little and is still hovering below the pivotal resistance level 1.2880 that it has been unable to breach. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average for the bearish bias, which is exerting negative pressure on the …

Oil, Crude, trading