Author: FX
Goldman Sachs expects headline 125k in payroll growth for May jobless rate 4.2% wage growth 0.3% m/m GS say federal government hiring may drag on headline numbers due to workforce cuts-Earlier:May non-farm payrolls preview by the numbers: What does the data say-The data is due at 0830 US Eastern time: This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The I-ParamonWorkTime MT4 Indicator is a powerful tool that helps traders by marking the optimal work periods right on their MetaTrader 4 charts. It highlights specific trading hours during which the market experiences higher activity and liquidity. By visually separating these active sessions from quieter times, the indicator enables traders to focus on when the market is most favorable for making moves. This clarity reduces guesswork and helps in planning trades more effectively. How Does It Work and Why is It Useful? This indicator overlays color-coded time zones on the price chart, showing exactly when trading activity tends to peak.…
Japan’s Finance Minister Katsunobu Kato, when asked about the US Treasury report on exchange rate, said that the monetary policy decision is up to the Bank of Japan. The US Treasury Department said on Thursday that the BoJ should continue to proceed with monetary tightening, arguing that doing so would support a normalization of the yen’s weakness and contribute to a more balanced trade relationship.Market Reaction:The USD/JPY pair sticks to its modest intraday gains for the second straight day and currently trades around the 143.65-143.70 region, though it remains confined in the weekly range ahead of the US Nonfarm Payrolls…
U.S. Treasury says semi-annual currency report found no major U.S. trading partners manipulated currency to gain unfair trade advantage in four quarters through December 2024No major trading partners met all three criteria for enhanced analysis during review periodMonitoring list of trading partners whose currency practices ‘merit close attention’ includes China, Japan, South Korea, Singapore, Taiwan, Vietnam, Germany, Ireland and SwitzerlandIreland, Switzerland added to monitoring list due to large bilateral trade surplus with U.S. and large global current account surplusWhile China is not labeled a currency manipulator amid yuan depreciation pressure, China stands out among trading partners for lack of transparency…
The Greenback bounced off its weekly lows of 98.35 as China’s media reported a call between US President Donald Trump and China’s President Xi Jinping. Both parties mentioned the call was good and focused on trade policies and rare earths. Eyes shift to May’s Nonfarm Payrolls figures, expected to show a slowdown in the US labor market.Here’s what to watch on Friday, June 6:The US Dollar Index (DXY) remained on the back foot throughout the Asian and European sessions. However, an improvement in risk appetite due to easing US-Sino tensions capped the DXY’s decline, and it now sits at around…
Yuanbao press release (NASDAQ:YB): Q1 Total revenues were RMB970.1 million (US$133.7 million), representing a 43.8% increase from RMB674.5 million in the same period of 2024. Net income in the first quarter of 2025 was RMB295.1 million (US$40.7 million), representing a 122.1% increase from RMB132.9 million in the same period of 2024. Source link
AI imageBeijing has confirmed that the phone call with Trump is ongoing in a brief statement:So far, we haven’t heard from Trump, who is likely to be the first person to send a message when it’s over. Keep an eye on Truth Social.The Australian and New Zealand dollars are the top performing currencies today, up around 50 pips each. Both are at the highs of the day and the Australian dollar is challenging the May peak. If that breaks, it will take us to the best level since November and I’d expect some buy stops.I fear we could get a…
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to lower key rates by 25 basis points at the June policy meeting and responds to questions from the press.Key quotes”Survey data point to some weaker prospects in near term.””Serivces sector is slowing.””Higher tariffs, stronger Euro to make exports harder.””Defence, infrastructure investment to bolster growth.””Most core inflation figures suggest inflation will stabilize at target.””Labour costs are gradually moderating.” ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region.…
HailshadowDisclosing new interim data from its Phase 1/2 AFFINITY DUCHENNE trial, Regenxbio (NASDAQ:RGNX) announced Thursday that its experimental gene therapy RGX-202 continued to benefit patients living with the muscle disorder Duchenne muscular dystrophy. Citing data from the first five trial Source link
The decline in activity was steeper than in April but there looks to be some improvement in fortunes, led by a continued recovery in civil engineering activity. Homebuilding and commercial activity continues to stutter though but firms’ expectations for the coming year improved markedly to turn positive for the first time since the start of 2022. HCOB notes that:“Civil engineering is starting to shake off the slump. While we are not seeing actual growth just yet, the fact that the index has ticked up for two straight months is a good sign. The big infrastructure package from the federal government…