Share: GBP/USD consolidates amid a muted US Dollar on Monday. US Nonfarm Payrolls increased by 275K in February, against the expected 200K. Traders await employment data to gain fresh impetus on the United Kingdom’s labor market. GBP/USD hovers around 1.2850 during the Asian session on Monday, maintaining a positive sentiment to potentially extend its winning
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Both the US and Canada jobs reports were released. The US showed stronger job growth in February, but prior months were lowered by -167K. The unemployment rate also rose to 3.9% and wage growth rose by 0.1% which was the lowest in about a year. In Canada, their important statistics were stronger with a gain
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices rose on Friday, driven by growing demand in the United States and China, the world’s biggest oil consumers, and as the U.S. Federal Reserve gave a positive signal on possibility of rate cuts. Brent crude futures were up 0.45%, or 37 cents, at $83.32 a barrel at 0110 GMT. U.S. West Texas Intermediate
The AUDUSD has had a strong week to the upside helped by risk on flows and improving and shifting technical bias. One of the big moves was a break above both the 100 and 200-day moving averages near 0.6560, and then the 38.2% retracement of the move down from the December high to the February
UPCOMING EVENTS: Tuesday: Japan PPI, UK Labour Market report, US NFIB Small Business Optimism Index, US CPI. Wednesday: UK GDP, UK Industrial Production, Eurozone Industrial Production. Thursday: US PPI, US Retail Sales, US Jobless Claims, New Zealand Manufacturing PMI. Friday: US Industrial Production, US University of Michigan Consumer Sentiment Survey, PBoC MLF. Tuesday The UK
Gold prices on Friday were on track for their biggest weekly jump in five months, hovering near a record peak, as Federal Reserve Chair Jerome Powell‘s comments reinforced investor hopes for a first U.S. rate cut in June. FUNDAMENTALS * Spot gold was steady at $2,159.49 per ounce, as of 0120 GMT, hovering around a
Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. Artur Widak | Nurphoto | Getty Images Saudi Arabia’s state oil giant Aramco reported
In this article Follow your favorite stocksCREATE FREE ACCOUNT Amer Sports, (AS.N) parent company of sporting goods brands, banner hangs on the front of the New York Stock Exchange (NYSE) during the company’s IPO in New York City, U.S., February 1, 2024. Brendan McDermid | Reuters Shares of Amer Sports, the maker of Wilson tennis
Share: US NFP revisions worry the market on Friday. Unemployment Rate rises to 3.9%, above 3.7% consensus. China raises $27 billion investment vehicle to produce advanced chips. NASDAQ drops a full percentage point, while Nvidia loses 5%. Nvidia (NVDA) stock fell more than 5% on Friday after the US Nonfarm Payrolls (NFP) data for February distressed the market.
The NZDUSD – like the AUDUSD – declined earlier in the week before finding a base and snapping back to the upside. In the process, the pair moved above some key technical levels including both the 200 and 100 day moving averages and the 200 and 100 bar moving averages on the 4-hour chart. Later
Week Ahead 11-15th March Sat: Chinese Inflation (Feb) Sun: Japanese GDP (R) Mon: Eurogroup Meeting; Norwegian CPI (Feb) Tue: NBH Announcement, EIA STEO, OPEC OMR; UK Labour Market Report (Jan/Feb), US CPI (Feb) Wed: UK GDP (Jan) Thu: IEA OMR; Swedish CPIF (Feb), US PPI (Feb) and Retail Sales (Feb) Fri: Quad Witching, PBoC MLF,
gold. It not only glitters when used as an ornament but also extends its charm to strengthen the portfolio of an investor. Since this Valentine’s Day, the bullion has risen by almost 4.9%, breaking the previous highs of US$ 2065.6 per ounce, and is gearing up for a further up move. Despite such a move,
European Central Bank policymakers on Thursday lowered their annual inflation and growth forecasts, as they confirmed a widely expected hold of interest rates. Staff projections now see economic growth of 0.6% in 2024, from a previous forecast of 0.8%. They presented a more positive picture on inflation, with the forecast for the year brought to
In this article FL Follow your favorite stocksCREATE FREE ACCOUNT The Foot Locker logo is displayed in a store on May 19, 2023 in San Francisco, California. Justin Sullivan | Getty Images Shares of Foot Locker fell in premarket trading Wednesday after the sneaker retailer reported a holiday-quarter loss, issued weak guidance for the current
Share: Silver inches closer to retesting its year-to-date high of $24.63, after marking a 0.86% increase. Technical dynamics suggest potential for further gains if silver surpasses the $24.50 resistance. Downside risks loom if silver falls below $24.31, targeting supports at $24.00 and the March 6 low of $23.57. Silver’s price rallies, but it remains below
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Consumer price inflation data from China for February 2024 shows an exit from deflation CPI +0.7% y/y expected +0.3%, prior -0.8% (that -0.8% in January was the sharpest the steepest fall in more than 14 years) for the m/m, comes in at +1.0% (prior +0.3%) first rise in the CPI since August of 2023 PPI