US dollar ended last week’s trading in the uptrend with modest gains. This movement coincided with rising indices in Wall Street and other global stock markets. Markets were driven by different developments, including mixed economic data, political developments in Europe and the Middle East, and some monetary policy-related implications. Jobs …
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The US dollar edged higher on Friday as traders adopted a cautious approach ahead of the release of the US monthly jobs report, while the euro remained under pressure due to weak German industrial data and ongoing political uncertainty in France. At 05:00 ET (10:00 GMT), the Dollar Index, which …
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The upcoming release of the November Non-Farm Payroll (NFP) report is poised to be a pivotal moment for the US dollar and global financial markets. While consensus estimates point to a modest job growth of 200,000, the market’s focus will be on the underlying trends in wage growth, labour force …
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President-elect Donald Trump has wasted no time in claiming credit for the recent surge in bitcoin’s price, celebrating the wealth it has generated for digital asset owners. Early Thursday, Trump took to his Truth Social platform to share his excitement, posting: “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make …
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The NFP Report: A Market-Moving Event As the NFP report approaches, market participants are likely to remain cautious, and volatile price action can be expected. It is crucial to stay updated on the latest economic news and market developments to make informed investment decisions.The US dollar weakened significantly on Thursday …
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The EUR/USD currency pair surged on Thursday, driven by a combination of factors. A weaker-than-expected US jobs report and anticipation of the upcoming Nonfarm Payrolls data fueled the rally. However, political uncertainty in France and mixed Eurozone economic data tempered the Euro’s gains.US Economic Data and Fed OutlookThe US Department …
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Economic Uncertainty, Political UnrestThe recent fall of the French government has further destabilized the country’s economy, which is already struggling with flat growth and a heavy debt load. Following a no-confidence vote in Parliament on Wednesday, Prime Minister Michel Barnier and his cabinet were removed, leaving the country without a …
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Wednesday’s Recap and Thursday’s Outlook The US Dollar weakened on Wednesday as Treasury yields declined and Federal Reserve Chair Powell’s comments at the New York Times event did so little to provide significant market impact.Key Economic Events To Watch: • US: Balance of Trade, Initial Jobless Claims, Challenger Job Cuts, …
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Gold prices experienced a modest uptick on Wednesday, buoyed by a combination of economic indicators and geopolitical tensions. The precious metal gained traction after the release of the ADP Employment Report, which showed a slower-than-anticipated pace of US private job growth in November. This suggests a potential slowdown in economic …
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On Tuesday, US stocks experienced mixed movements as investors processed fresh jobs data and commentary from Federal Reserve officials on the future of interest rates. The stock market’s response was reflective of the nuanced economic signals received throughout the day.The S&P 500 remained close to its previous levels, showing little …
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