Author: FX
GBP/USD holds to earlier gains near 1.2450 post US jobs data The Pound Sterling registered gains versus the US Dollar on Friday following a softer-than-expected US Nonfarm Payrolls report. The GBP/USD seesawed within a 1.2418 – 1.2491 range and traded at 1.2451, up 0.15%. Read More… Pound Sterling gives up gains against USD after US NFP release The Pound Sterling (GBP) surrenders its entire intraday gains against the US Dollar (USD) falls back to near 1.2400 in Friday’s North American session after the release of the United States (US) Nonfarm Payrolls (NFP) data for January. The US NFP report showed that the economy added 143K workers in January, significantly lower than estimates…
US stocks have moved lower after the University of Michigan preliminary estimates for consumer sentiment came in weaker at 67.8 vs 71.1 estimate. The expectations, and current conditions both fell as well. The bigggest surprise was 1- year inflation expectations surged to 4.3% from 3.3%. Worries about tariffs and the expectations for inflation from them?The US yields have moved higher with the 10 year up 5.7 basis points at 4.494%. The two year is up five point basis points or 4.266%. Looking at the major indices they have moved from positive to negative on the headline news:Dow is down -0.12%S&P…
Gold sees earlier gains being pared back a touch. Nonfarm Payrolls came in around consensus with unemployment dropping. Gold sees odds for a new all-time high this Friday fade. Gold’s price (XAU/USD) will not print a fresh all-time high this Friday ahead of the weekend. The Nonfarm Payrolls number came in at 143,000, which was below the expected 170,000 number. Markets were too eager though this week to add to their conviction that the number would be much lower, with the lowest estimate around 105,000, which results in a knee jerk reaction and Gold giving back its gains for this…
These days it seems that just about any headline can throw financial markets into a frenzy. From the likes of China’s DeepSeek AI breakthrough to tariffs threats, it can be challenging to filter through a huge amount of information and figure out which updates are really relevant to price action. Having to process a lot of market information and make quick trading decisions can be a challenge for most of us. Imagine having to look into the results of an economic report, the underlying details, how analysts are interpreting the data, and how markets are reacting… all to come up…
The low earlier in Asia touched 150.95 before buyers stepped back in and we’re now trading 100 pips above that. It’s a bit of a tricky one for the pair as the dollar has hardly showed much convincing appetite against the rest of the major currencies bloc. With eyes on the US jobs report later, yen pairs are the only notable movers in European trading thus far.USD/JPY daily chartThe rebound so far is fairly modest but as seen from the chart above, it comes after two struggling days for the pair. In particular, the drop yesterday took out the 100…
Gold price regains positive traction following the overnight modest pullback. Trade war fears continue to act as a tailwind for the safe-haven XAU/USD pair. Fed rate cut bets and subdued USD demand further lend support to the bullion. Gold price (XAU/USD) sticks to its modest intraday gains through the first half of the European session on Friday and remains close to the all-time peak touched earlier this week. Concerns about the escalating US-China trade war and the potential economic fallout from US President Donald Trump’s aggressive trade policies continue to underpin demand for the safe-haven bullion. Meanwhile, the US Dollar…
Joseph Clark/DigitalVision via Getty Images France recorded a trade deficit of €3.9B in December 2024, the figure is better than estimated deficit of €-5.3B.Exports in France increased to €5.23B, while imports decreased to 56.16B in December.ETFs: (NYSEARCA:EWQ)Currency: (EUR:USD) Source link
The Reserve Bank of India (RBI) reduced its key repo rate by 25 basis points to 6.25%, the first cut since May 2020.The move aims to stimulate the sluggish economy, which is projected to grow at its slowest pace in four years.Monetary Policy Committee (MPC) – The six-member panel (three RBI officials, three external members) voted unanimously for the rate cut while maintaining a neutral policy stance.India’s economy is expected to grow 6.4% this fiscal year, below initial projections, with weaker manufacturing and corporate investment weighing on growth. Next year’s growth is forecast in the 6.3%-6.8% range.Inflation Trends – Retail…
USD/CAD may test the lower boundary of the rectangle at 1.4280 level. The short-term price momentum is weaker as the pair remains below the nine- and 14-day EMAs. A break above EMAs would support the pair to test the rectangle’s upper threshold at 1.4530 level. The USD/CAD pair remains silent around 1.4310 during the Asian session on Friday. The technical analysis of the daily chart indicates that buyers and sellers are unsure of the long-term direction of the asset as the pair consolidates within a rectangular pattern. USD/CAD remains below the nine- and 14-day Exponential Moving Averages (EMAs), reinforcing bearish sentiment…
The BOE policy decision took the spotlight with its surprise “dovish split” while U.S. jobs indicators kept markets on edge ahead of this week’s NFP release. Meanwhile, crude oil hit fresh yearly lows on geopolitical developments and another round of commentary from U.S. President Trump. Here are the latest headlines you need to know! Headlines: Australia goods trade surplus shrank from 6.79B AUD to 5.09B AUD (6.52B AUD forecast) in December BOJ official Tamura suggested that pace of rate hikes may not necessarily be once every half a year, citing that tightening may be in line with likelihood of achieving…