On Friday, all eyes will be on the US non-farm payrolls reading during the first week of a new month. The all-important data will be attentively watched by all market players to see whether the aggressive rate-rising policy of the US central bank is knocking the labour market which has …
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The USD/CAD pair stopped its slump following US data that signaled further retreating economic activity in United States.The weaker-than-expected US ISM Manufacturing PMI triggered a fresh wave of Risk aversion in addition to comments by Fed’s Bowman who said there’s work to do by the US central bank.The USD/CAD pair …
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The ISM Manufacturing PMI dropped into contraction territory below 50 in November according to the latest data released on Thursday.US Dollar Index continues to push lower, losing more than 1% on the day. The Dollar seems under constant selling pressure following this report and the US Dollar Index was last …
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Fed Governor Michelle Bowman said on Thursday that the headline and core inflation slightly slowed down but the latest readings are still unsatisfactorily high. Bowman also expects ongoing increases in rate hikes at coming meetings. According to her, policymakers still have a lot of work to do but it is …
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Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, declined to 6% on a yearly basis in October from 6.3% in September, the US Bureau of Economic Analysis announced on Thursday. This reading came in below the market expectation of 6.2%. The annual Core PCE …
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European stocks rose to their highest levels in three months on Thursday, supported by the Federal Reserve chairman’s indication that the pace of rate hikes will be lowered, as well as China’s softening of its rhetoric on strict anti-Covid-19 rules. The Stoxx 600 was up 0.9% by 0810 GMT, after …
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Gold prices jumped to a two-week high in early Asian trade on Thursday after Federal Reserve Chairman Jerome Powell’s speech boosted expectations of a lower US interest rate hike. By 0039 GMT, spot gold rose 0.4 percent to $1,775.77 an ounce, after touching its highest level since November 16. US …
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Overall, market sentiment fluctuated between optimism and concerns, as the US Dollar started the trading day with negative performance. The American currency managed to recover by mid-way, and finally fell closing in the red territory against its major rival currencies.US Dollar’s slump resulted from US Federal Reserve Chair Jerome Powell’s …
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The EUR/GBP pair is exhibiting mixed performance within a 40-pip range broadly ahead of German Retail Sales. A surprise decline in Eurozone inflation weakened hawkish ECB bets. The sentiment of UK households fell as food inflation soared to a 45-month high.On Wednesday, the headline Eurozone HICP was lower at 10.0% …
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Gold price begins December on a firmer standing around $1,768, after posting the biggest monthly gains in 29 months during November. The precious metal’s latest run-up could be linked to the dovish messages by Fed Chair Jerome Powell, as well as optimism surrounding China. Gold buyers are expected to take …
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