Analysis

Dollar Rises on Jobs Data; Yen Gains on GDP Growth

The US Dollar Index strengthened on Friday, driven by robust economic data that highlighted resilience in the US economy. Nonfarm Payrolls rose to 227K, exceeding expectations, while Average Hourly Earnings increased by 0.40%. With the Unemployment Rate steady at 4.2%, market participants are now eyeing Wednesday's Consumer Price Index (CPI) release for further clues on inflation and potential mon

PU Prime | 212 days ago

ATFX Market Outlook 5th December 2024

U.S. stock index futures approached record highs on Wednesday, following Wall Street's gains driven by the tech sector and positive remarks from Federal Reserve Chair Jerome Powell. Powell's comments, likely the last before the Fed's December meeting, indicated cautious optimism about inflation and economic strength amid market uncertainties.

ATFX | 215 days ago

Weak macro data, US dollar down. Gold supported; eye on US jobs data.

On Tuesday, the US dollar index continued to fluctuate above the 106 level, ultimately closing up 0.01% at 106.31.

CWG Markets | 215 days ago

ATFX Market Outlook 6th December 2024

Gold loses ground as traders await US Nonfarm Payrolls The dollar weakened against major currencies, down about 0.4%, leaving the euro up 0.7% at $1.058. The euro was down 0.05% at $1.0582 after bouncing on Thursday as French bonds stabilised, pulling further away from a two-year low of $1.03315 hit at the end of November as traders braced for a drawn-out reckoning for France.

ATFX | 215 days ago

Negative employment data stimulated a significant decline in the US dollar on Thursday Non farm farming is coming Gold prices retreat to near one week low

On Thursday, the US dollar index declined and fell below the 106 level, ultimately closing down 0.59% at 105.69.

CWG Markets | 215 days ago

USDCAD battles for direction within triangle

USDCAD stays on the sidelines ahead of November’s jobs data. Bearish pressures likely but sellers need a close below 1.4000.

XM Group | 215 days ago

EBC Markets Briefing | Crude oil slips with focus on demand

Oil prices fell in early Asian trading, as weak demand outweighed OPEC+'s supply delay and extended output cuts until 2026.

EBC Financial Group | 215 days ago

Dollar is under pressure, eyes US data for a recovery

Key US data in the spotlight; volatility could get a boost; Fed speakers on the wires ahead of the usual blackout period; The dollar remains on the back foot; stocks are feeling the pressure; Gold trades sideways, as bitcoin retreats from its new all-time high

XM Group | 215 days ago

Gold Prices Dip but Remain Supported by Fed Rate Cut Expectations

Gold prices dipped below 2,620.00 USD per troy ounce on Friday, marking a second consecutive session of decline. The value of the precious metal continues to be influenced by developments in US economic indicators and expectations surrounding the Federal Reserve's monetary policy.

RoboForex | 215 days ago

Daily Global Market Update

The GBP/USD pair rose due to overbought conditions. Bitcoin declined amid a negative trend. Oil prices fell due to oversupply and delayed OPEC+ production increases. The AUD/USD pair gained momentum. Bitcoin's dominance surged, and US labor market conditions eased. Key economic events include US Nonfarm Payrolls, Eurozone GDP, UK Manufacturing PMI, China's Trade Balance and Australia Retail Sales.

Moneta Markets | 215 days ago

Dollar Retreats on Jobless Claims, Eye on NFP

The Dollar Index fell against six major currencies after US jobless claims rose to 224,000, exceeding the forecast of 215,000, dampening optimism ahead of the Nonfarm Payrolls report. Profit-taking weighed on the dollar, but rising US Treasury yields, supported by hawkish Fed remarks, limited losses as investors await further clarity on the labor market.

PU Prime | 215 days ago

EBC Markets Briefing | Doldrums in the gold market remain

Gold held steady Thursday as US payrolls rose moderately and investors reacted to comments from Fed Chair Jerome Powell.

EBC Financial Group | 216 days ago

Dollar awaits NFP, euro traders keep gaze locked on politics

Dollar retreats, but Powell keeps Fed pause chance elevated - Initial jobless claims may attract today's attention ahead of NFP - Euro traders ‘buy the fact’ after French no-confidence vote - Bitcoin breaks $100,000, Wall Street tests uncharted territory

XM Group | 216 days ago

GBP/USD Continues its Rally: Third Day of Buying

The GBP/USD pair has risen to 1.2711, marking the third day of sustained buyer activity. This upward movement comes from comments from Bank of England Governor Andrew Bailey, who hinted at potential interest rate cuts in 2025 if the consumer price index (CPI) continues its downward trajectory.

RoboForex | 216 days ago

Euro Faces Headwind as France Political Crisis Arises

The euro traded largely unchanged after the French government was ousted in a no-confidence vote led by far-right leader Marine Le Pen. The anticipated outcome saw Prime Minister Élisabeth Borne lose parliamentary support, casting uncertainty over the next chapter of French politics, which may weigh further on the euro.

PU Prime | 216 days ago