Cryptocurrencies
June jobs report bolsters bets on an autumn Fed interest rate cut
The U.S. economy added another solid round of new-job gains last month, data indicated Friday, with overall wages easing modestly and adding to recent signals of cooling inflation pressures. The Labor Department’s Bureau of Labor Read more…
Cryptocurrencies
Canada’s employment falls -1.4k in Jun, unemployment rate rises further to 6.4%
Canada’s employment contracted -1.4k in June, much worse than expectation of 25.0k growth. Unemployment rate rose from 6.2% to 6.4%, above expectation of 6.3%. It has now risen 1.3% since April 2023. Employment rate fell Read more…
Cryptocurrencies
US NFP rises 206k in Jun, but May and Apr revised sharply lower
US Non-Farm Payroll employment increased by 206k in June, above expectation of 180k. Growth was slightly lower than average monthly gain of 220k over the prior 12 months. However, prior month’s growth was revised sharply Read more…
Cryptocurrencies
Distressed home improvement retailer plans Chapter 11 bankruptcy
The home improvement retail industry is facing many of the same economic problems that other industries, such as furniture, home appliance, and consumer electronics retailers, as well as real estate sales, are suffering from. Rising Read more…
Cryptocurrencies
UK Election: Labour Wins in a Landslide
The UK national election on Thursday propelled the Labour Party to a sweeping victory and Labour leader Keir Starmer will become the next Prime Minister. In the six-week election campaign of the election, Labour had Read more…
Cryptocurrencies
Pound About to Change Its Course
2024 has every chance of being the biggest election year, with well over half of the world’s population going to the polls. The next chapter in this saga is today, with the announcement of the Read more…
Cryptocurrencies
XAU/USD Outlook: Gold Price Remains at the Front Foot Ahead of US NFP Report
Gold price rose further on Friday morning and pressuring important technical barriers ahead of release of key US NFP report. The metal rose around 1.7% for the week so far, benefiting from weaker dollar on Read more…
Cryptocurrencies
Stock Market Today: Stocks higher into jobs data; Tesla extends run
Check back for updates throughout the trading day U.S. equity futures edged lower in early Friday trading, while Treasury yields and the dollar were largely unchanged, as investors braced for a key labor market release Read more…
Cryptocurrencies
Gold Maintains Upward Trend as Market Anticipates US Jobs Data
Gold prices have continued their ascent, with a troy ounce of the precious metal reaching USD 2363. This rise is primarily fuelled by anticipated US employment data for June, which could significantly influence the Federal Read more…