The US jobs data came in below forecasts, causing the Dow Jones Industrial Average (DJIA) to drop 400 points on Thursday, losing territory for the second time this week. Since the day’s initial shock selloff, stocks have recovered, but the Dow Jones is having difficulty leveling off for the day. …

The euro has lost ground against the US dollar after reaching a high above 1.1100 earlier in the day. However, it’s still slightly up due to expectations of a Federal Reserve interest rate cut. The US dollar’s next major catalyst will be the August US Non-Farm Payroll report on Friday. …

As markets anticipate a larger-than-expected rate cut by the Federal Reserve later this month, recent economic data suggests a slowdown in the US labor market, supporting the rate cut expectations. The Euro strengthened against the dollar as the US dollar’s value declined. Key economic indicators for the Eurozone, including factory …

US stocks experienced a mixed session on Wednesday, with the S&P 500 and Nasdaq Composite slipping while the Dow Jones Industrial Average held steady. This comes amid ongoing concerns about economic growth and a sluggish start to September, a historically challenging month for markets.Nvidia’s recent market value plunge has reignited …

The USD/JPY pair experienced a significant decline during the recent North American trading session, falling below the crucial 144.00 level, at 143.61 as of this writing This downward movement was primarily driven by a combination of factors, including weaker-than-expected US job market data, increased expectations of a potential interest rate …

Gold prices pushed higher during the North American session as the likelihood of a 50 basis point (bps) rate decrease by the Federal Reserve increased due to the US’s weaker-than-expected jobs statistics. In addition, the yield on US Treasury bonds decreased, which hurt the US dollar, which has an inverse …

The Federal Reserve’s latest Beige Book paints a picture of a sluggish US economy. Released on Wednesday, the report found that economic activity stagnated or even declined in most regions. While job losses were uncommon, businesses are being cautious. Hiring slowed, with some companies opting for shorter shifts, leaving positions …

The EUR/GBP exchange rate has seen a rebound from its recent lows, with technical indicators suggesting a potential improvement. However, mixed signals from the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate that the overall outlook remains neutral. The pair is likely to continue trading sideways in …

In a further indication of a weakening labor market, the U.S. Department of Labor reported on Wednesday that job openings declined to their lowest level in three and a half years. The closely watched Job Openings and Labor Turnover Survey (JOLTS) revealed that available positions fell to 7.67 million in …

Bank of Canada Governor Tiff Macklem held a press conference following the central bank’s third consecutive 25-basis point rate cut. Inflation may rise later in 2024, with potential for stronger-than-expected upward pressures. However, the overall weakness in the Canadian economy continues to drive inflation down. Recent data indicate some downside …