Forex Market

A shocking jobs report sent shockwaves across financial assets on Friday, triggering concerns about an undesired looming recession and prompting a steep decline in both traditional and crypto assets. The US Bureau of Labour Statistics reported a worrisome increase in unemployment, along with a three-year high for temporary layoffs and …

The Pound Sterling managed to recoup some losses against the US Dollar on Friday, buoyed by a significantly weaker-than-expected US Nonfarm Payrolls (NFP) report. The data revealed a sharp slowdown in job growth, casting doubt on the resilience of the US economy and prompting a broad-based decline in the dollar.Despite …

The US Dollar (USD) encountered significant selling pressure following the release of the July jobs report. The disappointing NFP figures triggered concerns about the health of the US economy and raised expectations of a rate cut by the Federal Reserve (Fed) in September. Let’s delve into the details:NFP Growth Falls …

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, emphasized that the Fed should avoid reacting hastily to isolated data points. Despite US Nonfarm Payrolls falling below expectations, Goolsbee acknowledged significant progress in both inflation and jobs data over recent months.Key Quotes: The labour market is showing signs of …

Latest NFP data has sent mixed messages to investors, resulting in significant movements across global financial markets, particularly affecting the US dollar, oil, and gold.In July, the Non-Farm Payrolls report showed an increase of 114,000 jobs in the United States, significantly lower than the previous reading of 179,000 jobs and …

Gold futures exceeded the 2500 mark and are trading at 2,514.00 per ounce at the time of writing; up +1.34%. The price of Gold rose to just under $2,470 per ounce this morning, approaching the record high of mid-July, boosted by comments made by Fed Chairman Powell on Wednesday evening. …

European shares fell over 1% on Friday, aligning with a global risk-off sentiment as investors digested a range of mixed corporate updates to gauge overall market direction. Market Performance The pan-European STOXX 600 index dropped 1.6% to a three-month low by 0718 GMT. Despite the sharp decline, the index is …

The US dollar emerged as a clear safe-haven asset, rallying significantly amidst a broader risk-off environment. The greenback’s strength was exacerbated by a cautious monetary policy stance adopted by the Bank of England, which opted for a 25 basis point rate cut while expressing concerns about the potential for further …

The US Dollar rebounded after the Federal Reserve’s (Fed) decision, with market participants focusing on Friday’s Nonfarm Payrolls data. Despite signs of disinflation, the strong US economic landscape led Fed Chair Jerome Powell to maintain a data-dependent stance. While chances of a rate cut in September increased, Powell’s demand for …

Gold prices surged past $2,450 on Thursday, fueled by the Federal Reserve’s (Fed) signal of potential rate cuts and escalating tensions in the Middle East. The Fed expressed increased confidence in a slowing inflation rate during the second quarter, bolstering expectations for a policy shift.The XAU/USD index reached a two-week …