Forex Market

Job growth is predicted to be 300,000 up from 247,000 in April. ADP average for the fourth quarter in 2021 was 582,000, first was 530,000. NFP forecast for 320,000 in May, down from 428,000. Economists and observers see that market sensitivity to the labour market has retreated.Private payrolls from Automatic …

The Federal Reserve’s Beige Book report was released on Wednesday indicating that the status of the US economy continued to grow in recent weeks, with most Fed districts achieving slight to modest growth, down from the moderate activity reported in the April.the US dollar is higher, lifted by higher Treasury …

The stock market fell Wednesday following still-strong economic data and the start of the Federal Reserve’s QE. The Dow Jones Industrial Average fell 177 points, or 0.5%, while the S&P 500 dropped 0.8%, and the Nasdaq Composite declined 0.7%. Stocks tried to rally in the afternoon but ultimately stumbled into …

St. Louis Fed President James Bullard explained, on Wednesday, that inflation at levels last seen in the 1970s and early 1980s is putting the US central bank’s credibility at risk and has been reiterating his call for the Fed to follow through on promised rate hikes to bring down inflation, …

Global equities fell and the US dollar advanced on Wednesday after stronger-than-expected economic data helped assuage concerns of high inflation and an impending recession driven partly by rising oil prices.The data released by the Institute for Supply Management (ISM) showed US manufacturing activity picked up in May as demand for …

Gold prices have bounced from multi-day lows under $1830 to the $1850 level after the beginning of the US trading session despite higher US yields. The Gold Index holds around daily highs even as Wall Street extends losses and as the US dollar further strengthens.Earlier on Wednesday, gold sharply surged …

Wednesday’s data has showed an unexpected acceleration in the US ISM Manufacturing PMI Index in May from 55.4 to 56.1. According to analysts at Wells Fargo, the report offers a mixed read on the state of the industry. “Orders and order backlogs are growing at a faster pace. Meanwhile, supplier …

The USD/CAD pair slides, on Wednesday, after the Bank of Canada hiked the interest rate by 50 bps, raising it to the 1.50% threshold. The pair has snapped five days of losses, amid negative market sentiment, at the same time, global equities fall lower.The Bank of Canada lifted rates by …

US job openings dropped to 11.4 million in April from a record 11.9 million in the prior month, signaling some softening in what’s still the tightest labour market in decades.The number of people who quit jobs in April, meanwhile, was little changed at 4.4 million, the Labour Department said Wednesday. …

The Bank of Canada (BoC) lifted interest rates by 50 bps from 1.0% to 1.50% on Wednesday, a move that had been expected by most analysts, with a minority calling for a larger 75 bps hike.