US Dollar Index aims to strengthen around 97.30 before the US NFP benchmark revision data
The US Dollar Index hit a six-week low of approximately 97.30 on Tuesday. Market participants are looking forward to a significant US Non-Farm Payroll (NFP) Benchmark Revision Report, set for release for the year ending March 2025. Analysts from Standard Chartered Bank anticipate that the Federal Reserve may raise rates by 50 basis points in […]
Forex Today: US Dollar continues to weaken before NFP revisions
What to Know on Tuesday, September 9th The US Dollar (USD) is having a tough time early on Tuesday, struggling to attract buyers after a decline against major currencies on Monday. Today, the August NFIB Business Optimism Index is set to be released, which is listed on the US Economic Calendar. More significantly, the Bureau […]
Pound Sterling rises above 1.3550 as investors wait for the NFP Benchmark Revision report
GBP/USD Has Potential to Rise in Early European Trading GBP/USD could strengthen around 1.3560 during early European trading on Tuesday. The outlook for a potential reduction in rates by the Federal Reserve is applying some downward pressure on the US dollar. Analysts from HSBC and Deutsche Bank have revised their predictions regarding rate cuts by […]
Silver Outlook: Target for Silver Analysis Set at $41.27+ as Traders Prepare for NFP
Recent data indicates a significant increase in the number of people seeking remote work opportunities. As many companies shift towards flexible work arrangements, employees are increasingly valuing work-life balance and the ability to work from anywhere. Interestingly, studies suggest that productivity may be higher in remote environments, which has prompted businesses to reconsider traditional office […]
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 […]