Dollar falls broadly in early US session following slightly below-expectation non-farm payroll job growth. However, the downside is currently limited, thanks to stronger-than-expected wage growth. The market behavior seems to suggest that traders are merely lightening their positions ahead of the weekend and CPI data release next week, rather than initiating any significant position reversals.
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a contraction is no longer inevitable. While noting that risks are still high and growth ahead is likely to be slow, the bank’s forecasters think the
In this article CVS Follow your favorite stocksCREATE FREE ACCOUNT A customer exits a CVS Health Corp. store in Oakland, California, U.S., on Friday, Aug. 2, 2019. Michael Short | Bloomberg | Getty Images CVS Health on Wednesday reported second-quarter earnings and revenue that beat expectations, as the company slashes costs and lays off thousands
Share: Analysts at Rabobank see the US Dollar appreciating against the Euro and the Pound over the next few months. They point out that the relative resilience of the US economy suggests that it will be some time before monetary policy is eased. Key quotes: “Fitch’s decision to downgrade the US credit rating has turned
Last week, the Fed hiked the interest rates by 25 bps as widely expected keeping everything unchanged. Fed Chair Powell reiterated their data dependency and kept all the options on the table. The economic data since the FOMC meeting has been pretty solid and the labour market indicators keep on running hot. This week we
Headlines: Markets: USD leads, CHF lags on the day European equities mixed; S&P 500 futures up 0.2% US 10-year yields flat at 4.192% Gold down 0.1% to $1,931.15 WTI crude up 0.6% to $82.05 Bitcoin down 0.5% to $29,132 It was a bit of a sideways session as markets are waiting on the US non-farm
Gold traded range bound on Friday in the absence of any significant trigger. The yellow metal is near its three-week lows dragged by the strength in the dollar index (DXY) which has sustained above the 102 mark against a basket of six top currencies. Street awaits the US non-farm payroll data due for a release,
Dollar maintains its position as the week’s strongest major currency, although momentum has noticeably started to wane. The release of today’s non-farm payroll report is poised to be a critical determinant in whether the greenback can sustain its near-term rally. However, market reactions could be complex, given that robust numbers could be seen as both
Sinking Spring, PA – April 19: The sign at the McDonald’s restaurant on Penn Ave in Sinking Spring, PA April 19, 2021 with a message on a board below it that reads “Work Here $15 $15 $15”. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images) Medianews Group/reading Eagle Via Getty Images | Medianews Group
In this article YUM Follow your favorite stocksCREATE FREE ACCOUNT Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Wednesday reported mixed quarterly results as Taco Bell’s and Pizza
Share: The US Dollar consolidate its weekly gains on Friday. The US Dollar Index moves sideways near 102.50 after touching a multi-week high on Thursday. US July jobs report could drive the USD’s performance heading into the weekend. The US Dollar lost some strength after on Thursday but managed to stabilize early Friday. The USD
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Decentralized finance (DeFi) platforms Curve, Metronome and Alchemix have jointly announced an initiative to recover stolen funds from the recent exploits of Curve’s pools. According to on-chain data, the protocols are offering a 10% bounty of the stolen funds as a reward, urging those responsible for the exploit to step forward and return the remaining
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Earlier preview is here: July non-farm payrolls preview: ADP vs ISM edition The data is due at 1230 GMT, which is 0830 US Eastern time. Deutsche Bank: While our economists expect some payback from state and local government education hiring for the headline print (+175k forecast, consensus at +200k vs. +209k previously), they expect a
A New York technology entrepreneur pleaded guilty on Thursday to laundering funds stolen from Bitfinex, one of the world’s largest cryptocurrency exchanges, with his wife, an online rapper, expected to follow. Ilya Lichtenstein entered his plea at a hearing before U.S. District Judge Colleen Kollar-Kotelly in Washington. His wife Heather Morgan, who used the hip-hop