EUR/USD slides below 1.1000 after robust US labor market growth. The EUR/USD pair falls sharply below 1.1000 as US NFP surprisingly came in higher than estimates in September. The EUR/USD dips below the psychological support of 1.1000 in Friday’s New York session. The major currency weakens as upbeat United States …

As on the first Friday of every month, investors await the fresh NFP figures, The US economy is expected to add 140K jobs in September, following a 142K expansion the previous month. The Unemployment Rate is expected to remain steady at 4.2% during the same period. Average Hourly Earnings is …

Bitcoin’s price has remained relatively stable despite the escalating Middle East crisis. While the broader cryptocurrency market has experienced a significant downturn, Bitcoin has demonstrated resilience, supported by bullish sentiment in derivatives markets and a potential shift in Federal Reserve monetary policy.Despite the geopolitical tensions, Bitcoin’s price has shown remarkable …

Geopolitical Tensions Fuel Safe-Haven DemandGold prices have experienced a dramatic surge, surpassing the $2,650 mark, as geopolitical tensions escalate in the Middle East. The ongoing conflict between Israel and Iran, coupled with the threat of wider regional instability, has driven investors to seek refuge in safe-haven assets like gold. The …

Speaking to Chicago public radio station WBEZ, Chicago Federal Reserve Bank President Austan Goolsbee warned on Thursday that if the strike continues, supply-chain disruptions could exert upward pressure on prices and negatively impact the economy.Austan Goolsbee on Thursday said retailers and manufacturers had stockpiled about two weeks worth of items …

The US economy continues to demonstrate its resilience, with the service sector leading the way. The Institute for Supply Management (ISM) reported a significant surge in the Services PMI for September, indicating robust growth. This positive development suggests that the economy is on a solid footing and is not at …

Wall Street’s main indexes were mixed on Thursday after data showed strong service activity in the world’s largest economy, while cautious investors watched for any escalation in the Middle East conflict.The benchmark S&P 500 pared losses after the Institute for Supply Management survey showed service sector activity, which makes up …

The US dollar continued to rise and hit new three-week highs, supported by growing US rates and an ongoing risk-on attitude in reaction to escalating Middle East tensions. The US Dollar Index (DXY) surged to all-time highs of over 101.70 as a result of the ongoing risk aversion and growing …

Oil prices increased due to concerns about potential disruptions in Middle East oil supplies. A large increase in U.S. crude oil inventories limited the rise in prices. Iran launched a significant missile attack on Israel. Israel and the United States vowed to retaliate for the attack. Israel may target Iranian …

As traders watched Israel’s response to Iran’s attack on Tuesday, gold retreated during the North American session on Wednesday and continued to decline by 0.50% each day. Following consecutive gloomy sessions since last Friday, traders’ attention is still focused on geopolitics, which has helped to push up gold prices. The …