Tag Archives: labour market

Gold price registered losses for the third straight week, with concerns over China’s economic stability continuing to weigh on the precious metal’s price. Gold failed to build on last Friday’s gains and started the week on a bearish note. Gold is trading at $1912.90 per ounce at the time of …

The dollar was heading for a fourth week of gains on Friday after data showed that inflation did not rise as strongly in the United States as expected in July, which helped boost investor expectations that the Federal Reserve will likely end the current interest rate hike cycle. The rise …

The US Bureau of Labour data will publish the US Consumer Price Index data, the most important measure of inflation, on August 10 at 12:30 GMT. As the publication date draws near, these are the forecasts given by the economists and experts of 10 major banks regarding the upcoming July …

Following a tumultuous week, Wall Street was expected to open higher on Monday, with investors looking ahead to a highly anticipated U.S. inflation report due later in the week, which could put the market’s strong comeback this year to the test. On Friday, the major stock indexes finished the week …

The dollar fell from a four-week high against its major counterparts on Friday, as investors awaited the jobs report, which could influence the course of US interest rate movements. The pound sterling recorded a slight increase after it compensated for the losses it suffered in the wake of the Bank …

In Q2, productivity growth rebounded sharply, outpacing predictions and increasing at a rate of 3.7%. The increase in output per hour worked over the past year has increased by 1.3%, the first positive yearly improvement since late 2021. Productivity is on the rise, and nominal pay growth is moderating, both …

The USD/CAD pair peaked at 1.3377’s daily high, then consolidated at 1.3355. Further oil production cuts by Saudi prospects lifted crude prices, favouring the Canadian dollar.On Thursday’s session, the USD/CAD reversed as the US counterpart lost traction following weak mid-tier economic data. The pair rose to nearly 1.3380 and then …

The price of gold is consolidating its losses on Thursday, trading around the $1,930 range after dropping to its lowest level in over a month at $1,929.48 per ounce. The price of the precious metal at the time of writing is $1933.55. The decrease was caused by the US dollar’s …

The US Dollar has gained strength against rival currencies due to mixed data reports and Fitch’s downgrade of the US government’s credit rating. The USD Index reached its highest level in nearly a month above 102.50 in the European session before retreating to the 102.50 area in the second half …

The US economy experienced a spring surge, with growth reaching an annual rate of 2.4% in the three months to June, despite a slowdown in consumer spending. This growth was driven by a jump in business investment and a 1.6% increase in consumer spending. The Fed’s interest rate hikes have …