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Dollar Bolsters Due to  PMI Readings

Dollar Bolsters Due to PMI Readings

The latest U.S. Job Opening data, dropping to its lowest level since March 2021 at 8.73 million, offers a preliminary insight ahead of the crucial Non-Farm Payrolls (NFP) report scheduled for Friday. Despite this downbeat job data, the U.S. dollar found support from better-than-expected PMI readings, indicating a resilient U.S. economy.
PU Prime | vor 702 Tagen
What to expect from the Bank of Canada's next interest rate announcement

What to expect from the Bank of Canada's next interest rate announcement

In the previous meeting, Canada's central bank kept its key interest rate at 5%. The current interest rate is unsustainable for Canadians, and it seems evident that the Bank of Canada will keep the overnight key rate. The BoC decision on the interest rate is likely to weaken the national currency—the nearest target for USDCAD is 1.3650–1.3700.
OctaFX | vor 703 Tagen
FED Policy Expectations

FED Policy Expectations

Chair Powell provides the most definitive signal that the cycle of interest rate hikes for the USD has end. The US dollar has experienced continued weakness in the Asian trading session, persisting from the sell-off observed in the previous week. Over the last three weeks, the dollar index has consistently closed lower, marking an overall decline of around -4.0% since reaching its peak in October.
ACY Securities | vor 703 Tagen
Daily Global Market Update

Daily Global Market Update

Gold plunges 4.2%, Euro down 0.4%, Pound falls 0.6%, Bitcoin surges 4.9%. Global: China-EU Summit, $1.76B crypto fund inflow, AMD's India R&D center. Economic events: French Output, RBA statements, U.S ISM PMI, Japan's bond auction, Eurozone PPI, Australia's RBA Decision.
Moneta Markets | vor 703 Tagen
Dollar gains ahead of NFP

Dollar gains ahead of NFP

Wall Street's bullish momentum showed signs of easing, coinciding with the U.S. dollar stabilising ahead of the eagerly anticipated U.S. job data (NFP) set for release this Friday. Market sentiment was impacted by a tempered view on the Federal Reserve's unwinding of monetary tightening, with concerns that optimism might be premature.
PU Prime | vor 703 Tagen
Bitcoin accelerated growth

Bitcoin accelerated growth

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin accelerated growth
FxPro | vor 704 Tagen