Gold Price Outlook: XAU/USD stabilizes near $3,550 as August US NFP data approaches
Gold prices hover around $3,550 as investors wait for significant US NFP data for August. The US dollar is trading lower ahead of critical labor market indicators. Economists are anticipating the addition of 750,000 jobs in the US for August. During the European trading session on Friday, gold prices (XAU/USD) are expected to fluctuate around […]
US NFP expected to increase by 75K in August
Non-farm payrolls are expected to rise by 75,000 in August, slightly above July’s 73,000 increase. Employment figures will be published by the U.S. Bureau of Labor Statistics at 12:30 GMT on Friday. These employment figures are crucial for shaping the Federal Reserve’s interest rate policies and the trajectory of the US dollar. The U.S. Bureau […]
GBP/USD remains stable as it awaits important US NFP jobs report.
GBP/USD hovered around 1.3430 on Thursday. Traders are preparing for Friday’s significant NFP report. The push for Federal Reserve rate cuts reflects ongoing concerns about job growth in the US. On Thursday, GBP/USD slowed down, remaining near 1.3430 after the fluctuations seen in the previous session. As usual, the US non-farm payroll (NFP) data is […]
US Dollar Prediction: DXY May Face Decline if NFP Falls Short This Week
Authorities are urging caution as severe weather conditions are expected to impact several regions. Residents should prepare for heavy rainfall and strong winds that could lead to flooding and power outages. Local officials are advising that, if possible, people stay indoors during the worst of the storm. In some areas, emergency services are on high […]
AUD/USD aims for 0.6500, Dollar declines after NFP
AUD/USD makes a strong move upward to the upper-0.6400s following July’s US NFP data. The US dollar might lose its appeal as traders anticipate possible Fed rate cuts in September. Australia’s final S&P Global Manufacturing PMI held steady in July. The widespread recovery linked to risk appetite is likely to bolster the Australian Dollar (AUD), […]
Silver Price Prediction: XAG/USD falls below upward channel support, attention on NFP
Currently, silver is priced at around $36.50, reflecting a drop of over 4.5% this week after peaking at $39.53 on July 23, its highest point since 2014. The prices have dipped below the support levels of previously ascending channels, indicating a loss of momentum and signaling a potential weekly decline, the largest since March. The […]
GBP/USD remains under 1.3200 before US NFP data
The GBP/USD pair is set to decline further, hovering around 1.3195 during the Asian trading session on Friday. The Bank of England (BOE) may lower bank fees from 4.25% to 4.0% next week. Trump has maintained a global tariff rate at a modest 10%. During Friday’s Asian session, the GBP/USD exchange rate is expected to […]
EUR/USD stabilizes around 1.1400 as strong US data reinforces Fed’s decision, focus on NFP
EUR/USD Market Update The EUR/USD increased by 0.10% to 1.1417 despite robust US economic indicators. The US Core PCE inflation rate climbed to 2.8% year-on-year, with initial unemployment claims dropping to 218,000. The Federal Reserve voted 9-2 to maintain interest rates, with Powell downplaying expectations of a rate cut in September. On Thursday, following strong […]
US Dollar remains steady as NFP approaches, DXY stuck in a narrow band beneath important resistance
Following better-than-expected non-farm payroll (NFP) data for June, expectations for interest rate hikes and cuts have eased regarding the US dollar. The US economy added 147,000 jobs in June, while the unemployment rate unexpectedly dropped to 4.1%. While the US-Vietnam trade deal has eased some tensions, negotiations continue ahead of the July 9 deadline. The […]
USD/JPY rises as positive NFP boosts US Dollar
USD/JPY Sees Nearly 1% Spike Following Strong US Employment Data US economy added 147,000 jobs in June; unemployment rate unexpectedly drops to 4.1% Bank of Japan’s Takata indicates that rate hike pause is temporary, as Japan nears 2% inflation target The Japanese Yen (JPY) is likely to weaken against the US Dollar (USD) this Thursday. […]