Forex Market

Most Latin American stocks and currencies fell on Friday after data showing strong jobs growth in the United States created room for a more hawkish US Federal Reserve.MSCI’s index of Latin American currencies. MILA00000CUS fell 0.8% and stocks .MILA00000PUS dropped 0.5%. Still, both the indexes were set for weekly gains …

Investors took the strong jobs showing as a reason for the Federal Reserve to move quickly as it starts to raise interest rates this year. Stocks on Wall Street rose on Friday, as an unexpectedly strong jobs report scrambled investors’ expectations for coming interest rate increases and as the latest …

The gold market hovers around $1,800 per ounce and might not go anywhere anytime soon as market sentiment among Wall Street traders and analysts remains neutral to bearish. Retail investors remain bullish on gold.Gold prices are caught smack in the middle of opposing forces as the global economy faces rising …

Strong US labour market data on Friday caused the EUR/USD’s pair to stumble, though not enough to trigger a lasting reversal back towards 1.1400, the fresh data has at least prevented the pair from breaching January’s highs in the 1.1480s. Though the pair has recovered back from its sub-1.1420 post-NFP …

Data released on Friday, showed the Canadian economy lost 200K jobs in January, more than expected. Analysts at CIBC point out most of the decline came from industries affected by tightening health restrictions and the numbers should not alter the plans of the Bank of Canada (BoC) of raising rates …

Canada’s unemployment rate has surged to 6.5%. Many businesses closed up shop in January due to the spread of the Omicron variant, which resulted in the loss of work for hundreds of thousands of Canadians. Canada’s economy lost 200,000 jobs last month, according to Statistics Canada, as COVID-19 shutdowns related …

Not only did we get high NFP numbers for January, but we also got positive revisions for the past months. It is not a job market, it is rather paradise back on the financial market’s earth, the USD is trading higher everywhere.The strength of the US dollar manifested itself in …

The USD/JPY pair has jumped from 114.90 to 115.38 following the release of the US employment report that showed better-than-expected data. The pair hit the highest level since Monday and it is holding above 115.00, with the bullish momentum intact.After the ADP report and other labor indicators, the 150K increase …

The US Bureau of Labor Statistics will release the January jobs report on Friday, February 4 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming employment data. Deutsche Bank “We are …

Gold prices rose as the dollar fell on Friday, as markets awaited the US jobs report that may affect the Federal Reserve’s inclination to tighten monetary policy. Spot gold rose 0.1 percent to $1,805.90 an ounce. And US gold futures rose 0.2 percent to $ 1807.20. If the US jobs …