Author: FX
It was a BUSY week for the major currencies, as traders priced in global trade tensions, shifting central bank expectations, and a parade of key data releases. Source link
Tariffs headlines were still front and center in terms of driving market sentiment for the most part of the week, although there were positive developments that brought some risk-on vibes. The economic spotlight was also on the monthly U.S. employment update, allowing jobs-related indicators to push major currency pairs around, before the Bank of England’s (BOE) surprise “dovish split” stole the show. Here’s how major asset classes fared. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access…
Gold gains as traders react to President Trump’s threat of new reciprocal tariffs, enhancing its safe-haven status. US Nonfarm Payrolls fall short of expectations, yet a declining Unemployment Rate suggests a resilient labor market. PBoC’s increased Gold reserves and cautious comments from Fed officials contribute to the metal’s price dynamics. Gold resumed its uptrend on Friday amid the escalation of the trade war between the US and China and a mixed US employment report. The XAU/USD trades at $2,862, up 0.24%. US President Donald Trump’s plans to announce reciprocal tariffs on many countries next week lent a lifeline to Bullion…
Mexican Peso treads water as inflation figures hint at further easing by Banxico. Despite US payrolls falling short, a lower unemployment rate boosts the USD against the Peso. Interest rate forecasts suggest further easing in Mexico, with the Fed maintaining a cautious outlook for 2025. The Mexican Peso (MXN) reversed its course and depreciated against the Greenback on Friday after inflation data in Mexico justified the 50 basis points interest rate cut by Banco de Mexico (Banxico) on Thursday. In the United States (US), job data was mixed, as payrolls missed the mark but the Unemployment Rate edged lower. The…
It was Jobs Friday in North America with both the US and Canada releasing there January employment reports. For the US, the January non farm jobs for the month came in weaker than expected, with non-farm payrolls increasing by 143K compared to the 170K expected. However, there were positive revisions to the previous two months, adding +100K jobs. Key highlights include:Unemployment rate: Fell to 4.0% (vs. 4.1% expected).Participation rate: Improved to 62.6% (vs. 62.5% prior).Average hourly earnings: Stronger at +0.5% m/m (vs. +0.3% expected) and +4.1% y/y (vs. +3.8% expected).Private payrolls: Added 111K (vs. 141K expected).Manufacturing payrolls: Beat expectations, rising…
The major US stock indices are closing sharply lower for the day. The final numbers are showing: Dow industrial average -444.23 points, or -0.90% at 44303.40S&P index -57.58 points or -0.95% at 6025.99NASDAQ index -268.59 points or -1.36% at 19523.40 Russell 2000-27.41 points or -1.19% at 2279.70For the trading week, the declines today turn the major indices lower for the second consecutive week:Dow industrial average fell -0.54%S&P -0.24%NASDAQ index -0.53%Russell 2000-0.35% This article was written by Greg Michalowski at www.forexlive.com. Source link
Silver retreats over 1% from $32.64 as rising US Treasury yields undermine gains. Technical outlook suggests consolidation possible between $31.00 and $32.60, with resistance at $33.00. Downward pressure may test support levels at $31.10 and $31.00, near critical moving averages. Silver’s price retreats after hitting a weekly high of $32.64 and drops below the psychological figure of $32.00 after the release of mixed US jobs data. The jump in US Treasury bond yields and Greenback’s remaining bid were headwinds for the grey metal. Therefore, Silver (XAG/USD) trades at $31.82, with losses of over 1%. XAG/USD Price Analysis: Technical outlook Despite…
The USD moved sharply higher at the start of the week on the Canada and Mexico tariff news. Those tariffs got a reprieve and the USD moved lower. Today, the greenback was mixed after the jobs report and the Michigan consumer sentiment but for the week, the greenback was mostly lower.The only currency that the USD moved higher on the week was the EUR. The EURUSD fell -0.27% (USD higher). The dollar was the weakest vs the JPY on hopes that the BOJ would keep the tightening going which helped to support the JPY. The USDJPY moved to the lowest…
Prior month -$7.49 B revised to -$5.37%US consumer credit for December came in higher than expected at $40.85B vs $12.35 B est.Revolving credit +$22.9B vs -$13.9B last monthNonrevolving credit +$18.0B vs +$8.5 B last month This article was written by Greg Michalowski at www.forexlive.com. Source link
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