Tag Archives: NFP Data

WTI bears are active in the market as the NFP data release is approaching. The third day of losses for WTI saw a decrease of almost 1.53%. In late Wall Street activity, West Texas Intermediate is down almost 1% for the day. Notwithstanding a weaker US Dollar before Friday’s US …

Bears on the EUR/USD pair are keeping an eye on price action and searching for opposite structures to align with. The 1.0470s area is being watched, but a break above the 78.6% may discourage bears from getting too engaged.Ahead of the crucial US Nonfarm Payrolls on Friday, the EUR/USD pair …

After Fed Chair Powell’s remarks on Capitol Hill last Tuesday, there is a great deal of anticipation around the impending NFP statistics. Powell effectively stated that if economic data came in far above forecasts, the Fed would raise interest rates by 50 basis points at its next meeting. He emphasised …

Gold price outlook has deteriorated by extremely hawkish Fed Powell’s comments on Tuesday. S&P500 retreated on the prevalent dismal market mood as more rates from the Fed do a lot to confirm a US recession. At the time of writing, gold is trading at 1812.63 per ounce. The Gold Index …

WTI reversed some of its earlier losses and is now up for a fifth straight day as it approaches the $80s region. In the last three weeks, it achieved the highest closing price in the futures markets. Despite expectations for a slightly less robust recovery in China’s economy, the bulls …

The dollar settled near its highest level in seven weeks on Monday, after a batch of US economic data supported expectations that the Federal Reserve should continue raising interest rates for a longer period. Data on Friday showed a sharp rise in US consumer spending in January as inflation accelerated. …

The dollar and the pound sterling found support on Wednesday after a sudden revival in corporate activity in the United States and Britain raised the possibility that both countries’ central banks would continue to raise interest rates. The euro compensated for some of the losses recorded in the last session, …

On Wednesday, February 22, the first FOMC Minutes in 2023 will be released. Supported by aggressive Fed rhetoric and rising T-yields, the US Dollar Index is expected to record monthly gains. The majority of traders and investors will scan the impending release for comments and quotes referring to the Fed’s …

The dollar hovered at the highest level in six weeks ahead of the announcement of economic data that may help determine the direction of interest rates in the future, while the euro fell ahead of the announcement of monthly data on corporate activity. Strong data for the US labor market …

The dollar rose on Monday, supported by a string of strong economic data from the United States that traders bet will cause the Federal Reserve to continue tightening monetary policy for longer than initially expected. The dollar rose broadly in early Asian trade, with the pound sterling falling 0.12 percent …