Dollar rises broadly in early US session as lifted by stronger than expected ADP private job data. Meanwhile, stock futures turn south, apparently triggered by affirmation of continuous tightening by Fed. Yet, traders would still hold the larger bets until tomorrow’s non-farm payrolls data. For now, Swiss Franc is following the greenback as the second
The jobs market closed out 2022 on a high note, with companies adding far more positions than expected in December, payroll processing firm ADP reported Thursday. Private payrolls rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate and the 127,000 initially reported for November. While the goods-producing sector increased by
In this article WBA Follow your favorite stocksCREATE FREE ACCOUNT Walgreens Boots Alliance on Thursday reported fiscal first-quarter earnings that beat Wall Street’s estimates after an early flu season boosted demand for cough and cold medicine. The company said it also raised its full-year revenue outlook due in part to its U.S. health-care segment’s just-sealed
On Friday, the US official employment report will be released. Market consensus is for an increase in payroll by 200K. Analysts at Wells Fargo point out the demand for workers has started to roll over. They argue job openings and hiring plans have declined since the start of 2022, and the trend in layoffs is
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Companies that applied to win over the $244,000 contract to develop a central bank digital currency (CBDC) wallet proof of concept (PoC) for the Bank of England (BOE) provided questions about the project. In response, the central bank published its answers to over 70 questions. On Dec. 9, the BOE opened applications asking suppliers to
The AUDJPY is having its best up day going back to June 2016. The pair has soared 2.85% (it did reach over 3.06% at the highs) on the day. Back in June of 2016, the pair had its largest most recent up day of 3.78%. The gains today were helped by news that China would
The dollar was hot one day and cold the other, with the yen also observing something similar in a sharp fall in trading yesterday. Despite the dollar’s slump, USD/JPY pushed up to above 132.00 as buyers stuck in there and kept a defense of the 130.00 handle. So far today, there are some mixed moves
Gold prices held steady on Thursday, hovering close to a near seven-month high scaled in the previous session, while market participants prepared for U.S. jobs data that could influence the Federal Reserve‘s policy trajectory. * Spot gold held its ground at $1,854.89 per ounce, as of 0042 GMT. Prices rose as much as 1.4% to
Aussie rises broadly today on news that China is considering to lift the ban on its coal partially. The move also takes Kiwi higher. On the other hand, Dollar is turning softer together with loonie. Despite yesterday’s rally attempt, the greenback is clearly hesitating ahead of today’s ISM manufacturing and FOMC minutes, as well as
A woman walks past rundown, shuttered shops in Romford, England. John Keeble | Getty Images News | Getty Images LONDON — The U.K. economic contraction of 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity. In its 2023 macro outlook, Goldman
EUR/USD has corrected gradually to near 1.0600 amid an improvement in safe-haven’s appeal. Fed President Neel Kashkari see the interest rate peak around 5.4%. Eurozone inflation might trace to a sheer drop in German HICP led by falling energy prices. The EUR/USD pair witnessed selling pressure after failing to surpass the crucial resistance of 1.0630.
Riddle me this… Why is the CAD higher if the price of oil is down sharply? The CAD usually moves lower (USDCAD higher) with lower oil. Now that may not always be the case of course, but with oil a prize commodity, the Pavlovian reaction from traders is oil down, CAD down (USDCAD up). The
Kevin McCarthy failed 3 times yesterday to secure enough votes (218) to become the Speaker of the House. The final tallies showed 19, 19 and then 20 defectors from his own party (votes were cast for Jim Jordan). McCarthy could only afford 4 defectors to secure the role of speaker given the make-up politically of
Gold prices extended their New Year rally to jump more than 1% and hit their highest since mid-June on Wednesday, helped by a weaker dollar and growing expectations of less aggressive interest rate hikes at upcoming Federal Reserve meetings. Spot gold jumped 1% to $1,857.71 per ounce by 1326 GMT, hitting its highest since June
It’s looks like a rather typical risk-on day today, with Dollar and Yen trading broadly lower, while Aussie leads commodity currencies higher. Major European indexes are firmly up while US futures also point to higher open. US and European benchmark yields are trading down again. Gold is extending recent rebound, but oil prices are falling
Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession, the Labor Department reported Wednesday. The Job Openings and Labor Turnover Survey for the month showed available positions at 10.46 million, down just fractionally from October’s total and above the 10 million forecast by