The Pound Sterling managed to recoup some losses against the US Dollar on Friday, buoyed by a significantly weaker-than-expected US Nonfarm Payrolls (NFP) report. The data revealed a sharp slowdown in job growth, casting doubt on the resilience of the US economy and prompting a broad-based decline in the dollar.Despite …
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Austan Goolsbee, President of the Federal Reserve Bank of Chicago, emphasized that the Fed should avoid reacting hastily to isolated data points. Despite US Nonfarm Payrolls falling below expectations, Goolsbee acknowledged significant progress in both inflation and jobs data over recent months.Key Quotes: The labour market is showing signs of …
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Gold futures exceeded the 2500 mark and are trading at 2,514.00 per ounce at the time of writing; up +1.34%. The price of Gold rose to just under $2,470 per ounce this morning, approaching the record high of mid-July, boosted by comments made by Fed Chairman Powell on Wednesday evening. …
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The most important US employment data of the month is expected to be released on Friday amid expectations of a significant decline in job growth in the United States, with a stable unemployment rate and a decline in wage growth. On the first Friday of each month, US employment data …
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The US Dollar rebounded after the Federal Reserve’s (Fed) decision, with market participants focusing on Friday’s Nonfarm Payrolls data. Despite signs of disinflation, the strong US economic landscape led Fed Chair Jerome Powell to maintain a data-dependent stance. While chances of a rate cut in September increased, Powell’s demand for …
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Gold prices surged past $2,450 on Thursday, fueled by the Federal Reserve’s (Fed) signal of potential rate cuts and escalating tensions in the Middle East. The Fed expressed increased confidence in a slowing inflation rate during the second quarter, bolstering expectations for a policy shift.The XAU/USD index reached a two-week …
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The U.S. dollar rebounded on Thursday following a decline the previous day, as central bank decisions continued to impact currency markets. The dollar index, which measures the dollar against six major peers, rose by 0.29% to 104.35. This recovery came after a 0.4% drop the day before, when the Federal …
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BoJ Surprise, Fed Signal: The unexpected rate hike by the Bank of Japan (BoJ) surprised the foreign exchange (FX) world on Wednesday. The Fed left its policy rate unchanged but signaled a potential rate cut in September.Upcoming Events:Bank of England (BoE) decision: Odds are split regarding a probable rate reduction. …
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Wall Street surged on Wednesday, propelled by the S&P 500’s largest single-day gain since February. The optimism was ignited by the Federal Reserve’s decision to hold interest rates steady while signaling a potential rate cut as soon as September. Fed Chair Jerome Powell indicated that progress in taming inflation and …
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The US Federal Reserve (Fed) announced on Wednesday that it left the policy rate, the federal funds rate, unchanged at the range of 5.25%-5.5% following the July policy meeting. This decision came in line with the market expectation. Federal Reserve officials were widely expected to leave their key interest rate unchanged …
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