Market Update

Wall Street’s main indexes opened lower on Friday as better-than-expected job additions in November poured cold water on investor expectations of the Fed its aggressive monetary policy tightening.The Dow Jones Industrial Average fell 129.6 points, or 0.38%, at the open to 34265.45. The S&P 500 fell 36.4 points, or 0.89%, …

The GBP/USD pair retreated from around 1.2290s close to 100 pips after the release of better-than-expected labour market report in the United States, suggesting that further central bank tightening will be required.However, after the US employment report, the GBP/USD is trading around 1.2210s, after traveling towards its daily low of …

Nonfarm Payrolls in the US rose by 263,000 in November, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading came in much higher than the market expectation of 200,000. October’s reading got revised higher to 284,000 from 261,000. Further detail of the publication revealed …

The dollar settled near its lowest level in 16 weeks against a basket of major currencies on Friday, ahead of key data related to the labor market in the United States, while the yuan is heading to record its biggest weekly gain since China revalued its currency in 2005. The …

European stocks seem to be heading for gains for the seventh week in a row amid easing fears of tightening monetary policy globally. However, stocks fell on Friday ahead of the release of US jobs data. The pan-European Stoxx 600 index fell 0.5 percent after two days of strong gains. …

Oil prices witnessed volatile performance on Friday, as hopes for further easing of Coronavirus restrictions in China and the subsequent recovery in demand in the world’s second-largest economy boosted market sentiment, but the rise of the dollar limited the gains. Brent crude futures fell 1 cent, or 0.01%, to $86.87 …

The US Bureau of Labor Statistics (BLS) will release the November jobs report on Friday, December 2 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 4 major banks regarding the upcoming employment data. Expectations are for …

Gold prices fell on Friday before the announcement of important US jobs data. However, they are still on track to record the best weekly performance in three weeks, with the dollar weakening due to expectations of a slowdown in the rate hike at the Federal Reserve and indications of declining …

Oil prices fell in early Asian trade on Friday after the dollar recovered some of its losses, while the easing of anti-COVID-19 restrictions in two Chinese cities limited losses. By 0128 GMT, Brent crude futures fell 11 cents, or 0.1 percent, to $86.77 a barrel, while West Texas Intermediate crude …

The US Dollar kept extending its decline to multi-month lows against most of its major rivals amid persistent optimism and weak US data, in addition to the general mood triggered by Fed’s signls concerning tightening the US monetary policy at a slower pace.On Friday, the US will publish the Nonfarm …