Tag Archives: labour market

The EUR/USD pair drops to 1.0916 as US PPI data slows and unemployment claims rise, strengthening the US Dollar. US Treasury bond yields fall with investors pricing in three rate cuts by the Federal Reserve by December 2023.ECB speakers emphasize slowing inflation in the Eurozone, with further rate hikes left …

The weekly data published by the US Department of Labour (DOL) on Thursday showed that initial jobless claims totaled 264,000 in the week ending May 6. The figure comes in above market expectations of 245,000 and follows the previous week’s unrevised figure of 242,000. The reading was the highest since …

The USD/CHF pair begins the week with minimal losses as risk aversion continues in the driver’s seat. US Wholesale inventories were unchanged in March, jumping 9.1% annually despite a first-quarter decline.Traders are eying the Fed’s Senior Loan Officer Survey alongside US inflation data. The USD/CHF pair commenced the week with …

EUR/USD finished the week flat after the European Central Bank (ECB) meeting, where the ECB raised rates as expected. The pair approached 1.1100 but then pulled back. Although the correction was limited, it continues to trade sideways in the short term around 1.1000. USD/JPY had its worst week since March, …

St. Louis Federal Reserve President James Bullard, at a conference held by the Economic Club of Minnesota, supported the 25 basis point rate hike that the Fed took this week, calling it “a good next step.” Bullard also noted that there is a significant amount of inflation in the economy. …

Gold prices rose to near record highs on Thursday after the Federal Reserve raised interest rates by 25 basis points and hinted it might hold off on further hikes. And by 0035 GMT, gold in spot transactions rose 0.8 percent to $ 2055.54 an ounce, and US gold futures rose …

FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 25 basis points to the range of 5-5.25% following the May policy meeting.The US dollar and the Dollar Index (DXY) struggled to find demand during the American trading hours on …

Ahead of the US Federal Reserve’s interest rate decision, the price of gold surpassed the $2,000 level. Now, economists and analysts are concentrating on how the policy announcement might affect the precious metal, which is currently trading at $2025.75 per ounce. The Fed will continue raising rates after the one …

U.S. private employers boosted hiring in April, but there are signs that the labor market is slowing amid higher interest rates. Private payrolls increased by 296,000 jobs last month, the ADP National Employment report showed on Wednesday. Data for March was revised lower to show 142,000 jobs added instead of …

A further decline in the US Dollar broke technical and psychological support levels. US stocks also increased at the same time. The Nasdaq increased by 1.99%, while the Dow Jones finished up 380 points, or 1.15%. Since February, the VIX closed at its lowest level. On Friday, major US banks …