The recent US nonfarm payrolls report delivered a resounding message: the American labour market remains a force to be reckoned with. December witnessed a robust 256,000 job additions, significantly surpassing expectations and solidifying the economy’s resilience. This robust growth, particularly evident in the private sector, underscores the continued strength of …
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US dollar ended last week’s trading in the uptrend with modest gains. This movement coincided with rising indices in Wall Street and other global stock markets. Markets were driven by different developments, including mixed economic data, political developments in Europe and the Middle East, and some monetary policy-related implications. Jobs …
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The upcoming release of the November Non-Farm Payroll (NFP) report is poised to be a pivotal moment for the US dollar and global financial markets. While consensus estimates point to a modest job growth of 200,000, the market’s focus will be on the underlying trends in wage growth, labour force …
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As on the first Friday of every month, investors await the fresh NFP figures, The US economy is expected to add 140K jobs in September, following a 142K expansion the previous month. The Unemployment Rate is expected to remain steady at 4.2% during the same period. Average Hourly Earnings is …
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The US Dollar regained its footing following the release of August’s Nonfarm Payrolls (NFP) report, which offered a mixed bag of economic indicators. While the headline number fell short of expectations, a decline in the unemployment rate and a rise in average hourly earnings fueled speculation about more aggressive monetary …
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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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The US Dollar (USD) encountered significant selling pressure following the release of the July jobs report. The disappointing NFP figures triggered concerns about the health of the US economy and raised expectations of a rate cut by the Federal Reserve (Fed) in September. Let’s delve into the details:NFP Growth Falls …
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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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Gold prices held steady in Asian trade on Wednesday, hovering around the crucial $2,300 support level as traders awaited further clarity on U.S. monetary policy from the Federal Reserve’s meeting and upcoming inflation data. Recent Decline and Support Level: The yellow metal has experienced a sharp decline in recent sessions …
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Despite Monday’s strong US dollar, gold prices managed to recover some of the losses from last week, rising by more than 0.5%. Following Friday’s US Nonfarm Payrolls report, which showed a robust labour market with 272,000 jobs gained beyond estimates, gold is rising. On the other hand, future US inflation …
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