A partial or total government shutdown could be brought on by two impending deadlines in early 2024, especially in light of the little progress made thus far. January 19 is the first deadline, while February 2 is the second. Since various government departments are impacted by these two midnight deadlines, …

The number of job openings on the last business day of November stood at 8.79 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Wednesday. This reading followed 8.85 million (revised from 8.73 million) openings in October and came in …

On Tuesday, the US dollar emerged victorious overall, with a strong appreciation vs all of its main competitors. By the end of 2024, investors were back in the USD due to signals of slowing global growth. S&P Global published the Manufacturing PMIs for December for a number of significant economies, …

Earlier on the trading day, oil rose on the back of news reports about ship attacks near Yemen. However, economic data continues to soften. OPEC production unexpectedly increased, further pressuring WTI bids. News reports of ongoing attacks on cargo ships off the coast of Yemen sparked a brief rally in …

The GBP/USD pair fell below the 20-day SMA, reaching 1.2320. The US dollar’s recovery was fueled by rising yield rates and a risk-off market mood. December’s labour market figures are expected to influence Fed’s next monetary policy decisions. If the US economy continues to show resilience, the pair is likely …

On Wednesday, traders’ attention will be centered on US economic data, with bets on the direction of interest rates continuing, as earnings and updates are once again scarce.Fed is determined to monitor emerging economic data before indicating any changes to future monetary policy, so the Job Openings and Labour Turnover …

The Canadian Dollar is easing back against the US Dollar as the 2024 trading year begins, with the Canadian S&P Global Manufacturing Purchasing Managers’ Index (PMI) falling to a 43-month low. The US Manufacturing PMI component also fell below expectations, keeping market risk appetite low and propping up the US …

The first trading session of 2024 saw a decline in the US stock market as investors lowered their expectations for interest rate cut this year. Tuesday’s drop in Apple shares is due to a downgrade by Barclays. Tesla continues to deliver record numbers in Q4. The drab beginning comes after …

On first 2024’s trading, the Swiss franc starts losing ground against the US dollar as the latter strengthened due to rising Treasury yields. This implies that bond traders might be indicating that they believe the inflation outlook will be more difficult than anticipated. Higher US Treasury rates, which have increased …

Gold prices are gaining momentum for 2024, with prospects of a Fed interest rate reduction starting in March. Factors boosting rate-cut hopes include a 2% decline in underlying inflation and easing labor market conditions due to restrictive monetary policy. However, the precious metal faces a marginal sell-off as the US …