Market Update

The disappointing US payrolls data sends the dollar lower and boosts safe-haven demand. Gold rallied sharply on Thursday, climbing back above the $4,100 mark after a much weaker-than-expected US jobs report sparked a broad decline in the US dollar and renewed expectations that the Federal Reserve may have less room …

A surprisingly weak US jobs report released Thursday, a day earlier than usual due to the Independence Day holiday, sent shockwaves through global markets, reshaping expectations for the dollar, gold, stocks, and cryptocurrencies in one of the most closely watched trading sessions of the summer.Hiring Slows Sharply, Catching Markets Off …

Markets are turning their attention to Thursday’s US nonfarm payrolls (NFP) report, a release that could reshape expectations for Federal Reserve policy during the third quarter and determine whether another interest rate increase remains on the table. Economists expect the US economy to have added 114,000 jobs in June, while …

The US Dollar remained resilient on Wednesday as investors weighed mixed economic indicators, fresh comments from Federal Reserve Chair Kevin Warsh, and growing caution ahead of Thursday’s closely watched US Nonfarm Payrolls (NFP) report. The US Dollar Index (DXY) traded near 101.40, supported by elevated US Treasury yields and continued …

The United States has declined to approve a long-term renewal of the United States-Mexico-Canada Agreement (USMCA) in its current form, a move that prevents the landmark North American trade pact from automatically extending for another 16 years and opens the door to prolonged negotiations over its future.The decision leaves the …

West Texas Intermediate (WTI) crude oil extended its decline on Wednesday, retreating to levels last seen before the recent US-Iran conflict as improving crude shipments through the Strait of Hormuz eased supply concerns. Prices also came under additional pressure from expectations that OPEC+ will approve another production increase at its …

Inflation Remains the Federal Reserve’s Main MissionFederal Reserve Chair Kevin Warsh reiterated that bringing inflation back to the central bank’s 2% target remains the overriding objective, signaling that policymakers are not yet ready to declare victory despite recent signs of easing price pressures.Speaking during the European Central Bank’s annual forum …

Silver Regains Momentum After Sharp RecoverySilver prices staged a strong rebound on Wednesday, climbing back above the $60-per-ounce mark after weaker-than-expected US economic data weighed on the US dollar and improved investor appetite for precious metals. The recovery came after several sessions of pressure, allowing silver to regain part of …

Key Takeaways ADP misses expectations: Private payrolls rose by 98,000 in June — below the 118,000 forecast and down from 122,000 in May. Uneven job creation: Financial activities and information services were among the biggest gainers; leisure and hospitality hiring was notably weak. Softer than prior month: The deceleration from …

Key Takeaways Inflation beats forecasts: Eurozone CPI rose 2.8% year-on-year in June — below the 3.0% consensus and down sharply from 3.2% in May. Fastest monthly decline this year: The 0.4 percentage point drop from May to June marks a significant easing in price pressures. Iran peace deal impact emerging: …