Forex Market

USD Index weakens further post US Payrolls data. The Dollar Index extends its deflation to 3-day lows near 104.60. US yields drop further in the wake of the US jobs report. The US economy created more jobs than initially estimated in February.The dollar now loses further ground and breaks below …

The data published by the US Bureau of Labor Statistics (BLS) revealed on Friday that Nonfarm Payrolls rose by 311,000 in February. This reading came in much higher than the market expectation of 205,000 and followed January’s print of 504,000 (revised from 517,000). Further details of the jobs report showed …

European stock markets traded sharply lower Friday as nervousness ahead of the widely-watched U.S. jobs report and weakness in the banking sector overshadowed better-than-expected U.K. growth data. At 08:40 GMT, the DAX index in Germany traded 1.7% lower, the CAC 40 in France dipped 1.9% and the FTSE 100 in …

The Turkish lira, which is prone to sharp fluctuations before normal trading time, stabilized early on Friday after tumbling 4.25 percent to a record low of 19.80 against the dollar on Thursday evening. By 0439 GMT, the lira had settled at 18.9575 against the dollar, the same closing level on …

Gold prices rose on Friday as investors awaited the US non-farm payrolls data, which is expected to be released on Friday, to assess the possible path of interest rate hikes by the Federal Reserve (US central bank). By 0716 GMT, spot gold rose 0.1% to $1832.24 an ounce, and US …

During the American session, US yields decreased even more. US 2-year yields decreased to 4.95% and 10-year yields to 3.92%. The US Dollar suffered from the falling rates. The DXY dropped to 105.20 for the second day in a row. The retreat of the Greenback is still a correction from …

After a two-day recovery from its lowest levels since late November 2022, the GBP/USD pair now seesaws inside a choppy range. Buyers benefit from expectations of no UK recession and optimistic efforts to entice new stock market listings. Prior to the important US jobs report, the US dollar is weakened …

Both Friday’s Nonfarm Payrolls report and next week’s the US Consumer Price Index are in the focus of exceptional attention for traders and investors. Gold price is up about 0.9% from a low of $1,812.02, and it has since risen strongly to challenge $1,835.64 as the US dollar lost additional …

Carolyn Rogers, senior deputy governor of the Bank of Canada, stated on Thursday that policymakers are seeking additional proof that the present interest rate levels are enough. She will speak in advance at the Manitoba Chambers of Commerce at at 18:55 GMT, discussing “the causes of high inflation and how …

Bears on the EUR/USD pair are keeping an eye on price action and searching for opposite structures to align with. The 1.0470s area is being watched, but a break above the 78.6% may discourage bears from getting too engaged.Ahead of the crucial US Nonfarm Payrolls on Friday, the EUR/USD pair …