Forex Market

The EUR/USD pair fell to near 1.0360 on Friday following the release of stronger-than-expected US Nonfarm Payroll (NFP) data for January. The US Dollar Index (DXY) rose to around 107.90 as a result. While job growth was lower than anticipated at 143,000 (compared to the expected 170,000 and the revised …

The Federal Reserve faces a complex economic landscape. Recent statements from Fed Governors Kugler and Goolsbee highlight the challenges in achieving price stability while maintaining healthy economic growth. Their remarks underscore the delicate balancing act the Fed must perform as it navigates uneven progress on inflation, a robust labour market, …

The University of Michigan’s (UoM) Consumer Sentiment Index has revealed a decline in consumer confidence, primarily driven by rising inflation fears. The preliminary UoM Sentiment Index for January fell to 67.8, compared to investor forecasts of 71.8 and December’s reading of 71.1. This marks the lowest point in the index …

The U.S. economy added fewer jobs than expected in January, signaling a potential slowdown in labor demand. However, analysts cautioned that the figures may be distorted by annual revisions and extreme weather conditions. Nonfarm payrolls: 143,000 (below the forecast of 169,000). December jobs revised upward: 307,000 (previously reported as 256,000). …

The U.S. dollar held steady on Friday as traders awaited key U.S. payroll figures, while the yen climbed to a nine-week high on expectations of further rate hikes in Japan. Key Currency Movements Dollar Index: Flat at 107.63, down 2.1 percent from Monday’s high of 109.88, as global trade tensions …

Gold prices experienced a downturn, influenced by a confluence of factors including a strengthening US dollar, rising Treasury yields, and profit-taking by traders. This decline occurred despite underlying market jitters related to US equities and employment data. Gold’s upward momentum stalled on Thursday, as US Treasury yields rebounded and the …

Market Caution Expected Ahead of US Jobs Report and Amid Trade UncertaintyThe US dollar recovered some ground, partially reversing its weekly decline, as markets await the crucial US employment report and remain uncertain about trade policies. The US Dollar Index (DXY) rebounded slightly, supported by a modest rise in US …

The USD/CAD pair edged higher to around 1.4305 late Thursday, supported by slightly firmer US yields. Market caution prevailed due to ongoing uncertainty surrounding US trade policy, particularly regarding potential tariffs on Canada. While a 30-day delay on tariffs was granted, the threat persists, and any renewed trade tensions could …

The U.S. Bureau of Labour Statistics (BLS) is poised to release its January Nonfarm Payrolls (NFP) report, a critical economic indicator that provides insights into the health of the U.S. labour market. The consensus forecast anticipates an increase of around 170,000 jobs, following a 256,000 increase in December. This report …

The Bank of England recently cut interest rates to 4.5% from 4.75% and significantly lowered its economic growth forecast for 2025 from 1.5% to 0.75%. While they upgraded growth predictions for 2026 and 2027, they also warned of rising inflation due to increased energy and water bills, potentially reaching 3.7% …