Forex Market

US Treasury yields retreated on Monday as traders continued to digest strong numbers in the latest jobs report and braced for key inflation figures that will be released on Wednesday.Last Friday, investors absorbed the June employment report that showed jobs growing at a faster clip than expected. Nonfarm payrolls increased …

The EUR/USD pair hit new cycle lows on Monday at 1.0050 as it is set to continue to approach parity. The next half of 2022 is unlikely to foster conditions for euro appreciation as the European economy could be in a technical recession, explained analysts at National Bank of Canada. …

While testifying before the UK Treasury Select Committee on Monday, Bank of England (BOE) Governor Andrew Bailey argued that they should not pre-commit to the next policy move and said they have a range of options for the August meeting.Bailey’s comments failed to help the British pound find demand and …

The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US Consumers’ one-year inflation expectations rose to 6.8% in June from 6.6% in May. The three-year inflation expectations, however, declined to 3.6% from 3.9%.As a reaction, the US Dollar Index edged slightly lower …

Kansas City Fed President Esther George, who voted against the 75 basis points rate hike in June, said on Monday that the pace of rate increases needs to be carefully balanced against the state of the US economy.George’s comments do not have an immediate impact on the US dollar’s valuation. …

Ukraine’s Agriculture Ministry said Monday (July 11) that grain exports in the first seven days of July, the first month of the new 2022-2023 season, fell 30% year on year to 402 thousand tons. Grain exports for the 2021-2022 season, ending June 30, rose 8.5% to 48.5 million tons, driven …

EUR/USD extends the rebound from earlier cycle lows. The US Non-farm Payrolls rose by 372K jobs in June. The unemployment rate remained at 3.6%.Despite the rebound from lows, the selling interest around the single currency remains well and sound and motivates EUR/USD to keep the price action subdued around 1.0100/15 …

Nonfarm Payrolls in the US rose by 372,000 in June, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed May’s increase of 384,000 (revised from 390,000) and came in better than the market expectation of 268,000. The Unemployment Rate remained unchanged at 3.6% …

US inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, bounced off the lowest levels since September 2021 by the end of Thursday’s North American session. The inflation gauge recently flashed the 2.33% mark, reversing from the previous day’s multi-month low of …

The US Bureau of Labor Statistics (BLS) will release the May jobs report on Friday, July 8 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming employment data. Expectations are for …