Forex Market

The new year’s first week closed with a usual jobs report signaling solid annual wage growth of 4.7% but a disappointing figure of new jobs. Employment rose by just 199,000 in December, far less than expected. The economy created a record-breaking 6.4 million jobs in 2021, but that was after …

Will the Bank of England hike interest rates again at the beginning of February? Market observers do believe the answer is yes. The monetary policy committee may wait until May, though February’s meeting is looking much more 50:50 than it did just a few weeks ago. Partially, that is because …

Inflation in the Eurozone climbed to an annual rate of 5 percent in December, the second-consecutive record, according to the European Union statistics office’s initial estimate, which was released on Friday.The rate was slightly higher than the previous month’s increase of 4.9 percent. Inflation around the world has jumped as …

The US 10-year note’s yield extended its climb, reaching the highest level in nearly two years, after December employment data showing strong wage growth fanned inflationary concerns and solidified March as the likely starting point for the first rate hike by the Federal Reserve.While the 199,000 new jobs fell short …

Gold has been swinging either side of the $1790 level in recent trade in wake of the latest jobs report. XAU/USD is being shielded from higher yields by the weaker US dollar, and if this reverses, gold will be in trouble.Gold is nervously holding on to very modest on-the-day gains …

San Francisco Federal Reserve Bank President Mary Daly said on Friday that inflation is not as temporary as the Fed policymakers once thought because Coivd-19 isn’t either. A wage-price spiral isn’t showing up in the data yet, she added, but is worth watching for. Key Quotes“Anchored longer-run inflation expectations also …

Nonfarm Payrolls relatively disappointed prior estimates, but the labor market indicators were stronger than expected. The employment data has had a modest impact on the forex market. In the light of the NFP data, the US Fed is very determined to move out of easing policy settings.The disappointment in payrolls …

Markets are awaiting the release of US employment data during December at 13:30 GMT. This data will be necessary given its strong impact on the dollar and the currency market movements. Markets expect to add 400,000 jobs in December, compared to 210,000 jobs previously recorded. Expectations also indicate a decline …

The North American trading session closed Thursday with prevalent passive performance, while the US dollar has managed to retain its gains against most of the major currencies since the release of FOMC minutes.Economic DataThe weekly jobless claims reading rose to 207 thousand claims for the week ending 31 December, compared …

Australia’s New South Wales state, where Sydney is located and home of one third of Australia’s 25 million population, will re-impose restrictions including shutting nightclubs and canceling non-urgent surgeries because of record coronavirus contagions according to the Sydney Morning Herald in a report published early Friday.The news adds that the …