Author: FX
GBP/USD climbs above 1.3500 after dismal US jobs data GBP/USD gathered bullish momentum and climbed above 1.3500 in the American session on Friday. At the time of press, the pair was up 0.6% on the day at 1.3515. Read More… Pound Sterling advances against US Dollar ahead of US NFP data The Pound Sterling (GBP) moves higher to near 1.3470 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair gains as the US Dollar slumps ahead of the United States (US) Nonfarm Payrolls (NFP) data for August, which will be published at 12:30 GMT. At…
Silver consolidates near $41.00, holding just below its 14-year peak with bullish structure intact.US NFP miss fuels Fed cut bets, dragging the US Dollar and Treasury yields lower.Markets price in 88% chance of a 25 bps Fed cut and 12% odds of a larger 50 bps move this month.Silver (XAG/USD) is holding firm around $41.00 on Friday after retesting multi-year highs in the wake of soft US Nonfarm Payrolls (NFP) data. The metal peaked at $41.47 on Wednesday, its strongest level since September 2011, before easing slightly on Thursday. A broadly weaker US Dollar (USD) and falling Treasury yields after…
The Euro (EUR) strengthens on Friday against the US Dollar (USD), trading at around 1.1750 (+0.85%), as investors sell off the Greenback en masse following the publication of US employment figures.Looking at other currency pairs, the Euro is more stable against the Japanese Yen (JPY) (-0.1%) and Pound Sterling (GBP) (+0.1%), as traders look ahead to the German Industrial Production figures for July, to be published on Monday.The consensus is for a rebound of +1.3% month-on-month, following the sharp contraction of -1.9% in June, according to FXStreet’s Economic Calendar.For the Euro on the Forex market, the statistic represents an important…
The stock market is struggling to decide on whether it likes rate cuts enough to ignore a weakening economy.I highlighted earlier that there are 135 bps in cuts priced in over the next year and 155 bps through 2026. That gets rates below 3% and feels like ‘peak Fed pricing’ or something close. The problem is that removes the ‘fed put’ beyond that and just leaves you with a softening economy. In addition, there are big risks around tariff inflation that are still marinating that cold result in a nightmare scenario of stagflation.So the earlier enthusiasm about a more-dovish Fed…
USD/CAD steadies near 1.3800 after rebounding from a four-day low.Canada shed 65.5K jobs in August, unemployment rose to 7.1%, boosting BoC rate cut bets.US NFP showed only 22K jobs added, with unemployment at 4.3%, dragging the US Dollar and Treasury yields lower.The Canadian Dollar (CAD) weakens on Friday after dismal labor market data, but broad US Dollar (USD) softness following a weak US Nonfarm Payrolls (NFP) report kept USD/CAD’s upside in check. The pair is holding near the 1.3800 handle, rebounding from a four-day low in the aftermath of the release.Canada’s economy shed 65.5K jobs in August, marking the steepest…
The Governing Council kept policy on hold in July, and is likely to remain on hold at the September meeting and for the foreseeable future, ABN AMRO’s economists Nick Kounis and Bill Divney report. ECB is ‘well positioned’ to face the upcoming tariff impact and uncertainty”President Lagarde has said that the ECB is ‘well positioned’ to face the coming period of tariff impact and uncertainty. Despite the expected undershoot of the 2% inflation target, the GC seems minded to look through this on the expectation that inflation will return to target in 2027. Although the ECB’s inflation projections in June…
All aboard the rate-cut train.A soft US jobs report wasn’t bad enough to prompt recessions fears and instead the market is cheering on a more-dovish rate path for the Fed. There is now 134 bps in easing priced in, which gets the Fed close to 3%. What I worry is that we’re close to maximum easing already priced in, which doesn’t leave much of a Fed put from here if the data continues to worsen.The S&P 500 is up 22 points or 0.35% to 6525, which is a record high. The Russell 2000 likes it even better as it climbs…
WSJ Fedwatcher Nick Timiraos is out with a quick take on the jobs report. He doesn’t get too much into the details but says: A sharp slowdown in job growth this summer likely seals the case for the Federal Reserve to cut interest rates by a quarter percentage point at its meeting in two weeks.Notable is what he doesn’t say, which is that a 50 basis point cut is on the table. The market has bumped up 50 bps pricing to 14% now.Timiraos also write that the jobs report “further muddies the debate over the pace of cuts after [September].…
Most new forex traders make the same mistake: they try to skip straight to advanced strategies without building a foundation. It’s like trying to run before learning to walk, and it’s why so many fail. Dr. Benjamin Bloom from the University of Chicago studied 120 world-class performers, including elite athletes, concert pianists, and brilliant mathematicians. His discovery was remarkable: every single expert followed the same three-phase journey to mastery. No exceptions. No shortcuts. Phase One: The Playground Expertise begins with play, not work. Olympic swimmers started as kids who loved splashing in pools. Concert pianists began by being fascinated with…
Prior -32.8This is not a market-moving release. Consumer confidence has been improving steadily since the April’s lows but started to slip again from June onwards. The very high tariffs Trump slapped on Switzerland might be a big part of the problem. This article was written by Giuseppe Dellamotta at investinglive.com. Source link