Risk aversion is intensifying in early US session after non-farm payroll report significantly missed expectations on all fronts. This follows yesterday’s poor manufacturing data, which has already sparked discussions about a hard landing for the Read more…
Updated at 9:22 AM EDT The U.S. economy added fewer-than-expected new jobs last month, data indicated Friday. with softer wage gains underscoring concerns that the Federal Reserve’s reluctance to lower interest rates is choking off Read more…
US non-farm payroll employment grew only 114k in July, well below expectation of 176k. That’s all well below average monthly gain of 215k over the prior 12 months. Unemployment rate jumped from 4.1% to 4.3%, Read more…
The price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday. The surge in gold prices is largely driven by growing expectations that the US Read more…
Further weakness in the US ISM Manufacturing PMI & Employment sub-component increases the risk of a hard landing scenario. A Fed interest rate cut that is implemented late in the US economic cycle where a Read more…
Market picture The crypto market lost 0.75% in 24 hours to $2.29 trillion. A day earlier, we noted a decline in cryptocurrencies in contrast to the positivity in equities on Wednesday, and then synchronised selling Read more…
Intel shares collapsed in early Friday trading, taking the stock back to levels last seen in the early 2000s, after the chipmaker posted second-quarter earnings and a near-term profit forecast that raises huge questions for Read more…
As today’s USD/CHF chart shows, the exchange rate has fallen below 0.872 – the Swiss franc hasn’t been this strong against the US dollar since early February this year. Bearish sentiment is driven by: → Read more…
The Japanese yen continues to rally. USD/JPY is trading at 148.86 in the European session, down 0.31% on the day at the time of writing. On Thursday, the yen strengthened as much as 148.50, its Read more…
GBPJPY continues to trend lower and fell to the lowest levels since mi-March during European session on Friday. The cross remains in a steep downtrend from 208.11 (July 11 peak, the highest since Aug 2008), Read more…