Kevin McCarthy, the California Republican, is officially the new speaker of the US House after a hot Capitol Hill drama that continued for almost four days and 15 rounds of votes. If the House chaos for electing a new speaker had continued for weeks, the financial markets could have worried …

Friday’s US economic data produced a cascading drop in rates across the Treasury market, pushing the policy-sensitive 2-year and benchmark 10-year yields to their lowest levels of the new year. The 2-year yield which moves in coordination with expectations around the path of Fed’s policy, fell 19.1 basis points to …

The nonfarm payrolls rose by 223,000 jobs in December according to the data announced by the US Labour Department while a 0.3% rise in average earnings was smaller than expected and lower than the previous month.The numbers for November were revised to show nonfarm payrolls rose by 256,000 and average …

Atlanta Federal Reserve bank president Raphael Bostic said on Friday that how the economy evolves will shape what the Federal Reserve has to do, as reported by Reuters.The US dollar continues to weaken against its rivals following these comments and the US Dollar Index was last seen losing 0.9% on …

Gold prices have extended its gains after the US Nonfarm Payrolls showed the US economy added more jobs than estimates while the rate of unemployed Americans edged lower. At the time of writing, XAU/USD trades volatile around $1,861 per ounce versus the previous closing price at 1832.49. The US Bureau …

US Nonfarm Payrolls data for December weakened the US Dollar, even though the labour market remains tight. Average Hourly Earnings easing sparked speculations for a dovish move of the Federal Reserve in the February meeting.The USD/JPY pair has remained downward biased below 133.00. The pair also struggles at the 200-day …

The dollar soared early on Thursday, boosted by the atmosphere typically denoting a hawkish Fed. The American currency gained additional momentum ahead of Wall Street’s opening following the release of upbeat US employment-related data. The EUR/USD pair fell to a fresh weekly low of 1.0514, recovering a few pips ahead …

The price of gold is facing difficulties in stretching its recovery move further ahead of US NFP data. The Fed might continue its interest rates on an elevated level for a longer period in light of the latest positive US ADP Employment Change data in addition to further dollar’s surge …

Binance’s attempt to acquire bankrupt crypto lender Voyager Digital is facing opposition from the US SEC and financial regulators. The SEC and US Trustee and state regulators from New Jersey and Vermont are concerned assets could be moved offshore. The commission has cast doubt on Binance’s financial ability to go …

Ethereum rebounded above $1,260 for the first time in three weeks, as whale transactions in the altcoin accelerated.Large wallet investors are interested in scooping up Ethereum as altcoins begin their recovery in 2023. Users are likely to prefer liquid staking as soon as they have completed their withdrawal from Ethereum’s …