The US Bureau of Labour Statistics will release the awaited Nonfarm Payrolls (NFP) report for July on Friday. The jobless rate remains at 3.6%, indicating that the labor market remains extremely tight.Nonfarm Payrolls are expected to have increased by 200,000 in July, down from the 209,000 jobs that were reported …
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Gold prices settled near their lowest levels in three weeks on Thursday, after a larger-than-expected increase in US private sector jobs in July boosted bets on further monetary tightening in the United States and pushed the dollar and bond yields higher. There was little change in spot gold at 1935.20 …
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The EUR/USD pair continues its loss for the third day in a row, and fell to the 1.09370 level. The labour market in the US and in the EUR showed positive results this week and all eyes are now focusing on Friday’s NFP data in the United States.The EUR/USD is …
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Gold prices rose on Wednesday after the decline in the dollar and US Treasury bond yields following Fitch’s decision to downgrade the credit rating of the United States, which undermined confidence in the US economy ahead of the release of important data expected this week. The spot gold price rose …
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The USD/JPY pair advances for a third day in a row, gaining 0.70% and moving up towards the 143.53 region, as at the time of writing. Although it accelerated in July, the ISM Manufacturing PMI fell short of expectations. Additionally, JOLTs statistics fall short of predictions.Prior to important labour market …
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The World Gold Council said that global demand for the precious metal, excluding stock exchange trading, fell 2% on an annual basis to 920.7 tons in the second quarter of 2023, with slowing central bank purchases and continued weak consumption of the technology sector. However, he added in his quarterly …
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Gold prices fell on Tuesday in light of the rise in the US dollar and as investors await the release of important economic data this week in search of clues about how long it can continue to raise interest rates to curb inflation. The spot gold price fell 0.1 percent …
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The US central bank released the July 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) that “addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second quarter of 2023.”The …
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US stocks closed with little change on Monday, ending a strong July on upbeat company earnings and hopes of a soft landing for a resilient US economy. All three major stock indexes ended with gains for the month, ahead of a busy week of earnings reports from companies including Amazon.com …
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Goldman Sachs revised upward its forecast for global oil demand for this year, but kept its 12-month Brent crude price forecast at $93 a barrel, as increased inventories offset the support demand received from ebbing pessimism about the growth outlook. Goldman Sachs analysts estimated a jump in global oil demand …
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