Forex Today: US Dollar approaches a four-week peak ahead of core PCE, GDP, and PMI reports.
Here’s what you need to know on Friday, February 20th. The latest figures from the U.S. Department of Labor indicate that new unemployment claims have dropped to 206,000. This is significantly below the initial projection of 225,000 and a decrease from last week’s adjusted number of 229,000. Attention is now shifting to U.S. data expected […]
USD/JPY rebounds from four-week low as US jobs revision boosts dollar
The USD/JPY pair seems set to reverse its recent four-week low, spurred by a revision in US employment figures that boosted the US dollar. The updated assessment from the Bureau of Labor Statistics indicates salary figures were overstated by 911,000 jobs through March 2025, suggesting a more significant decline in the labor market. The market […]
Gold Price Outlook: XAU/USD reaches a new four-week high amid rising trade concerns between China and the US that boost safe-haven interest
Gold prices surged to around $3,400 amid uncertainty in US-China trade relations, accompanied by a slight increase in Fed stakes. Weak US ADP Employment and Services PMI data are impacting US Treasury yields. The likelihood of the Fed making interest rate cuts in July has seen a minor uptick. Gold Price (XAU/USD) has climbed to […]