Pound Sterling outperforms US Dollar as US NFP, wage growth miss estimates – FXStreet
Sterling for the pound is strengthened to nearly 1.2940 against the USD, as it is an estimate of labour demand for the US dollar. Until April 2nd, the US President exempted from customs duties on imports of goods compliant with the USMCA law. Boe's Catherine Mann believes that a progressive policy approach is undesirable amid […]
EUR/USD advances as US Dollar slumps ahead of US NFP – FXStreet
EUR/USD will rise above 1.0850 as the US dollar performs poorly ahead of the US dollar's NFP data release in February. President Trump has announced exemptions for more products imported from Canada and Mexico. Due to German debt reforms, traders forced ECB dovish bets. EUR/USD is posting a new four-month height jumping over 1.0850 in […]
Gold (XAU) Silver (XAG) Daily Forecast: Traders Await NFP Report as Gold Tests Key Resistance – FX Empire
Silver will consolidate as rate cut expectations are built Silver (Xag/USD) is trading at $32.55, slightly above the session low of $32.43. The metals are confirmed, and support from the softer US dollars has increased speculation that the Federal Reserve will ease its policy in the coming months. However, concerns about global trade and suppressed […]
WTI Price Analysis: Oil prices rise after NFP data – FXStreet
As US labor market data fuels, WTI crude oil surges as it demands optimism. Non-farm salaries miss out on expectations, but wage growth continues to be strong. Workforce participation rates are higher, supporting energy demand outlook. West Texas intermediate (WTI) crude oil prices have been around $70.80 since rising Friday. Non-farm payroll (NFP) data revealed […]
Gold in the green just ahead of NFP release – FXStreet
Gold sees previous profits being reduced touch. Non-farm salaries fell below consensus, and unemployment rates fell. Gold is looking at the new, greatest odds of all time for Fade this Friday. Gold prices (XAU/USD) do not print fresh, top-highs this Friday ahead of the weekend. The non-farm salary number was 143,000, which was below the […]
Gold (XAU) Silver (XAG) Daily Forecast: Trade Tensions Boost Metals, US NFP in Focus – FX Empire
Analysts hope that if future U.S. job data shows signs of a weakening of the labor market, the Fed will be forced to cut interest rates and further strengthen its bullish prospects for gold . As silver demand sways, silver faces turn Silver (XAG/USD) is under pressure and is trading at $32.17 after hitting a […]
Pound Sterling slumps against USD as US NFP looms large – FXStreet
Sterling of the pound is facing pressure on key peers ahead of BOE's monetary policy on Thursday. BOE is widely expected to cut interest rates to 25 bps to 4.5%. Investors are awaiting US NFP data. This will affect the Fed's expectations for its monetary policy outlook. Pound Sterling (GBP) slumps near 1.2440 against the […]
AUD/USD holds below 0.6150 on bullish US Dollar, stronger US NFP report – FXStreet
In early Asian trading on Monday, AUD/USD weakened to around 0.6145. U.S. nonfarm payrolls increased by 256,000 in December. The unemployment rate fell to 4.1%. Concerns about China's economic downturn are weighing on Australia. Early in Monday's Asian session, the AUD/USD pair remained defensive around 0.6145. US job growth in December was better than expected, […]
Gold price rallies despite strong US NFP report – FXStreet
Despite strong US employment gains, gold rebounded 0.69%, challenging the Fed's interest rate cut policy. Gold rebounded from a post-labor data slide as investors weighed the Fed's cautious deflationary stance. Upcoming US inflation and retail sales data will influence the trajectory of gold and Fed policy. Gold prices rebounded from Friday's daily lows, extending their […]
Gold price stands tall near multi-week top; looks to US NFP for fresh impetus – FXStreet
On Friday, gold prices attracted buyers for the fourth day in a row amid the flow of some haven funds. The Fed's hawkish stance, rising U.S. Treasury yields and strength in the U.S. dollar should limit any gains. Traders may also choose to wait for the release of the key US NFP report, which is […]