Author: FX
Prior 5.2%Employment change 25k vs 35k expectedPrior 84kAverage weekly earnings +3.8% vs +3.6% 3m/y expectedPrior +3.9%; revised to +4.1%Average weekly earnings (ex bonus) +3.6% vs +3.5% 3m/y expectedPrior +3.8%March payrolls change -11kPrior 20k; revised to -6kThe standout number is the one in the headline, which sees the jobless rate fall back to its lowest since August last year. It is a bit of an anomaly considering that payrolls data is continuing to decline further, with a negative revision to February as well. ONS continues to put out a caveat though that it is still experiencing data quality issues and advises…
Gold prices fell in Saudi Arabia on Tuesday, according to data compiled by FXStreet.The price for Gold stood at 577.42 Saudi Riyals (SAR) per gram, down compared with the SAR 581.38 it cost on Monday.The price for Gold decreased to SAR 6,734.98 per tola from SAR 6,781.10 per tola a day earlier.Unit measureGold Price in SAR1 Gram577.4210 Grams5,774.60Tola6,734.98Troy Ounce17,958.91FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates…
Hotter-than-expected New Zealand inflation in Q1 2026 kept the Kiwi supported as rate hike bets picked up. Source link
UK inflation is back in focus — but is Wednesday’s jump in prices the start of something stickier, or just an energy blip? Source link
While wars and political crises grab the front page, the slow-burn trade war is still the dominant force behind commodity currency direction, quietly signaling something traders can’t afford to miss. Source link
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the…
Bitcoin has been cruising higher over the past few weeks. Is it due for another major pullback or can it go for a break higher? Source link
Commerzbank’s Dr. Henry Hao argues China is better positioned than other Asian economies to withstand energy disruptions from Middle East tensions and Strait of Hormuz risks. The report highlights China’s diversified crude sourcing, large strategic reserves, and falling fossil fuel intensity, while warning that sectoral pain, especially in transport and chemicals, and prolonged volatility could still challenge China’s growth outlook over the coming months.China buffers regional energy supply shocks”To further mitigate the immediate shock of volatile energy markets, Asian nations are deploying their strategic reserves with varying degrees of efficacy. Advanced economies like Japan, South Korea, and Taiwan maintain robust…
More from Trump:I’m winning a War, BY A LOT, things are going very well, our Military has been amazing and, if you read the Fake News, like The Failing New York Times, the absolutely horrendous and disgusting Wall Street Journal, or the now almost defunct, fortunately, Washington Post, you would actually think we are losing the War. The enemy is confused, because they get these same Media “reports,” and yet they realize their Navy has been completely wiped out, their Air Force has gone onto darker runways, they have no Anti Missile or Anti Airplane Equipment, their former leaders are…
Australia’s jobs figures came in mostly in line with expectations, keeping the unemployment rate steady for March and RBA expectations well-anchored. Here’s our watchlist setup that made the cut. Source link