Gold prices rose in early Asian trade on Monday after last week’s US jobs data overshadowed the strength of the labor market, prompting investors to be more cautious about the path of US interest rate hikes. By 0104 GMT, spot gold rose 0.1 percent to $1925.49 an ounce, and US …
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The US dollar weakens across the board after the US official jobs report. The EUR/USD pair gains momentum after breaking above 1.0930. The pair is heading for its highest weekly close since May.The EUR/USD pair gained momentum amid a weaker US Dollar following the release of US employment data. After …
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The US Dollar posted mixed results, weakening versus the Euro, the Pound, and the Yen, and rising sharply against commodity currencies. Upbeat US data boosted expectations of another interest rate hike from the Federal Reserve (Fed) and weighed on US stocks. The deterioration in market sentiment and lower commodity prices …
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Gold has experienced a 0.20% loss due to robust US job readings and mounting rate hike expectations, driving US Treasury yields higher. Dallas Fed President Lorie Logan’s hawkish comments and a strong ADP report support the expectation of a July rate hike. Traders anticipate further clues from the upcoming US …
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On Thursday, the USD/CAD pair increased by more than 0.60%, moving near the 1.3370 level. On Thursday, the USD/CAD gained traction and surged to 1.3370, its highest level since mid-June. However, despite continuing to trade in the red, the DXY index has recovered some of its daily losses and is …
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Gold settled Thursday, July 6, as investors await a set of US economic data that may affect the course of the US Federal Reserve’s monetary policy, after publishing the minutes of its June meeting, which supported expectations of raising interest rates for a longer period. By 0241 GMT, gold settled …
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US markets moderately retreated on the back of tensions between China and the US, as well as following reports of softer economic activity. The Chinese Caixin Services dropped more than expected, and Japanese, Australian, and Eurozone PMIs were revised lower. Additionally, US Factory Orders rose below expectations.Economic DataUS data showed …
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Gold is suffering from a volatile session for metals as the US dollar performs steadily. After spiking to the highest level since June 23, XAU/USD turned to the downside. Gold is losing momentum, and the reversal could expose $1,900. At the time of writing, the precious metal is trading at …
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Financial assets’ price moves along past week have been led by a number of major developments most notably: the US non-farm payrolls data shortly after the US debt ceiling deal, as well as the European inflation data.Oil Prices Hope For More Optimism Oil prices rallied for the second day on …
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Dow jumped 700 points on the US hot jobs report as Nasdaq notched sixth straight winning week. The Dow Jones Industrial Average surged for its best day since January as traders cheered a strong jobs report and the passage of a debt ceiling bill that averts a US default.shares popped …
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