The most important US labour data will be released later on Friday, amid expectations of a significant decline in job growth in the United States, with a stability in the unemployment rate, in addition to a limited decline in wage growth.On the first Friday of every month, the employment data …
Read More »DXY Declines On US Holiday
The US dollar is facing further scrutiny in the wake of the depressing ADP and ISM Services PMI readings. Markets become more certain that the Fed will lower rates in September. Investor focus is now shifting to the June Nonfarm Payrolls data, which is due on Friday. The DXY Index, …
Read More »Sterling Surges ahead of UK elections, NFP data
The Pound Sterling has strengthened against the US dollar as the US labour market loses momentum. Investors expect the Fed to begin lowering interest rates in September, and economists expect that the Starmer-led Labour Party will gain an absolute majority. The GBP/USD jumps higher amid growing speculation that the Fed …
Read More »Gold surges amid weaker US data, increased rate cut bets
Gold has seen a significant increase in value as weak US data and a change in tone from Federal Reserve Chairman Jerome Powell have increased bets that the Fed will lower interest rates earlier than previously expected. Lower interest rates are positive for Gold as they reduce the opportunity cost …
Read More »Gold Steady at 10-Day High Amid Rate Cut Bets, Nonfarm Payrolls Awaited
Gold prices held firm near a 10-day peak in Asian trading on Thursday, buoyed by increasing expectations of interest rate cuts by the Federal Reserve, which weakened the dollar and Treasury yields. However, the precious metal’s gains were tempered by hawkish signals from the Fed’s June meeting minutes and cautious …
Read More »Dollar Struggles as Yen Nears 38-Year Low, Elections Grip Europe
The dollar weakened on Thursday, pressured by recent signs of a slowing U.S. economy. This offered limited support to the embattled yen, which remained near a 38-year low against the dollar, raising concerns of potential government intervention. Meanwhile, the euro and sterling held near three-week highs against the dollar as …
Read More »Market Driver; US Session, July 3
The US dollar fell to multiday lows in the wake of another data-driven sell-off, which coincided with a general decline in US rates and the July 4 Independence Day holiday. The UK general elections are also anticipated to be actively watched by markets in the lead-up to the French second …
Read More »How Have Markets Reacted to FOMC Minutes?
The minutes of the Fed’s June meeting were made public, and they contained a plethora of signals that the markets interpreted differently with regard to the factors influencing the federal rate’s future trajectory. “Most monetary policymakers in the meeting of the Central Bank’s Board of Governors on June 11 and …
Read More »US Treasury yields fall after FOMC minutes, weak data
Weak US economic statistics is the reason behind an eight basis point decline in the US 10-year Treasury yield. FOMC minutes mention the downturn in the economy and leave room for rate decreases should inflation get close to the 2% target. A decline in ADP Employment Change and a notable …
Read More »FOMC Minutes: US Consumer Prices Favour Declining Inflation
The minutes of the latest FOMC meeting issued on Wednesday indicated that members of the committee are convinced that the US consumer price index readings (CPI) last May provided evidence that there is progress in terms of lowering inflation while meeting the central bank’s goal.A number of policymakers also suggested …
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