USD/JPY declines on expectations BOJ will let rates rise quickly Fed rate cut bets fully priced in by March meeting; implied rate stands at 5.123% Fed’s Bostic noted US employment gains are slowing in an Read more…
Non-farm payroll employment rose by 187k in July, a hair below expectations calling for a gain of 200k. Revisions to the two prior months were weaker, subtracting 49k from the previously reported figures. Hiring over Read more…
Canada employment fell -6.4k in July, below expectation of 15.5k growth. Unemployment rate rose from 5.4% to 5.5%, matched expectations, and marked the third consecutive monthly increase. Average hourly wages growth jumped from 4.2% yoy Read more…
To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture Read more…
To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture Read more…
To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture Read more…
Gold price could restart a steady increase above the $1,990 resistance. Crude oil price is rising and it could climb further higher toward $85. Important Takeaways for Gold and Oil Prices Analysis Today Gold price Read more…
Daily Pivots: (S1) 0.9550; (P) 0.9582; (R1) 0.9602; More… Intraday bias in EUR/CHF remains neutral and outlook stays bearish with 0.9670 support turned resistance intact. On the downside, break of 0.9520 will resume the fall Read more…
Markets And another sell-off in core bonds yesterday. US Treasuries underperformed, especially at the long end. Yields shot up between 0.3 (2-y) and 11.6 (30-y) bps. It’s an extension of what has been happening all Read more…
The imminent NFP report poses a potential quandary for both Fed and market participants. On one hand, steady job growth aligns with Fed’s intention to engineer a soft landing for the US economy. On the Read more…