Federal Reserve Bank of Chicago President Austan Goolsbee stated in a CNBC interview on Friday that interest rates should decrease if economic conditions remain stable, inflation does not resurge, and full employment is maintained, according to Reuters. Goolsbee emphasized that the labor market is currently stable at full employment and …

The recent US nonfarm payrolls report delivered a resounding message: the American labour market remains a force to be reckoned with. December witnessed a robust 256,000 job additions, significantly surpassing expectations and solidifying the economy’s resilience. This robust growth, particularly evident in the private sector, underscores the continued strength of …

US employment data significantly influences market price movements. By examining preliminary employment indicators, we can anticipate the likely outcomes of the official data release, typically on the first Friday of each month.This Friday, the highly anticipated US employment data is scheduled for release. Market expectations point towards a substantial increase …

US Market Activity Stalls Ahead of NFP ReleaseTrading volumes in the US market were subdued on Thursday, as market participants braced for the upcoming Nonfarm Payrolls (NFP) report scheduled for release on Friday, January 10th.The US Dollar Index (DXY) displayed modest gains amidst a generally tepid market environment. The observance …

The Canadian Dollar continued its downward spiral on Thursday, losing another 0.1% against the US Dollar. This decline occurred despite the US market being closed for a national day of mourning, a stark reminder of the Loonie’s ongoing struggle against the Greenback. With limited trading activity due to the holiday, …

Bank of England (BoE) Monetary Policy Committee (MPC) member and Deputy Governor for Financial Stability Sarah Breeden noted that it might finally be time for the BoE to start loosening policy rates now that UK economic data has effectively begun to crumble.Key HighlightsThere is some tentative evidence that activity is …

Philadelphia Federal Reserve President Patrick Harker reiterated his belief that the U.S. central bank will eventually lower interest rates, but emphasized the need for a cautious approach given current economic uncertainty.In a speech to the National Association of Corporate Directors New Jersey Chapter, Harker stated that while he anticipates a …

Gold prices extended their rally for a third consecutive day, surpassing $2,675, as investor concerns about rising inflation intensified. This surge in gold prices coincides with a spike in global yields, driven by anxieties that recent stimulus packages and potential tariff increases could reignite inflationary pressures. Traders are increasingly viewing …

West Texas Intermediate (WTI) crude oil prices dipped below $72.50 per barrel in early Asian trading on Thursday, pressured by a strengthening US Dollar. While a firmer greenback typically weighs on dollar-denominated commodities like oil, concerns over potential supply disruptions from ongoing geopolitical tensions are likely to limit downside price …

German Chancellor Olaf Scholz disbanded his coalition government composed of the Social Democrats, Greens, and Free Democrats the day after Donald Trump was re-elected as U.S. President in November. Additionally, he accelerated the election date in Germany from September 2025 to February 23, 2025. Germany lost its government as a …