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Yen Gains Strength as U.S. Job Market Shows Signs of Cooling
The Japanese yen has been gaining strength during Asian trading hours, causing the USD/JPY pair to dip to 143.333. This shift in momentum is largely driven by a weaker U.S. job market, as shown by the latest U.S. Job Openings and Labor Turnover Survey (JOLTS). The report came in below expectations, raising concerns that the upcoming U.S. nonfarm payrolls report might show a similar decline in job
ACY Securities
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712 hari yang lalu
USD/CAD Slips Amid Rate Cut Expectations and Weakening Oil Prices
The US dollar faced a broad sell-off yesterday, triggered by a weaker-than-expected US JOLTS (Job Openings and Labor Turnover Survey) report, which helped push USD/CAD toward the 1.3500 mark. This market move was notable given that the Bank of Canada (BoC) had just cut its policy rate by 25 basis points for the third consecutive meeting, bringing the rate down to 4.25%.
ACY Securities
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712 hari yang lalu
Gold rallies as market bets on rapid Fed monetary easing
Gold has returned to growth. On Friday, a troy ounce of the precious metal was priced at 2517 USD. The price has stabilised as the market awaits the release of August's crucial US employment report.
RoboForex
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714 hari yang lalu
Further Unwinding of Carry Trade
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Further Unwinding of Carry Trade
FxPro
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714 hari yang lalu
EBC Daily Snapshot Sep 6, 2024
On Friday, the US dollar fell to a one-week low as mixed job market signals emerged before key payroll data likely to influence Fed policy.
EBC Financial Group
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714 hari yang lalu
Bitcoin pressured by risk-off mood
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin pressured by risk-off mood
FxPro
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714 hari yang lalu
Daily Global Market Update
The GBP/USD rose slightly, while BTC/USD fell sharply. Oil and AUD/USD experienced marginal increases. Crypto lobbying has surged, while luxury goods shares declined due to slowing Chinese demand. OPEC+ delayed oil production hikes. Key economic events include Japan's Coincidence Index, Leading Economic Index, UK's CFTC GBP Non-Commercial Net Positions, Eurozone's GDP, and US Non-Farm Payrolls/Ave
Moneta Markets
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714 hari yang lalu
Investors lock gaze on NFP data
Dollar slides as data offer little respite to concerned investors - NFP to accelerate somewhat, but PMI surveys pose downside risks - S&P 500 and Dow Jones end in red ahead of the job numbers - Gold rebounds, approaches record high; oil stabilizes
XM Group
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714 hari yang lalu
USDCAD doubts September’s upturn
USDCAD trims September’s uptick to trade near key trendline. Technical signals are mixed; a break below 1.3480 could shift the bias to the downside. US & Canadian employment figures due at 12:30. GMT
XM Group
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714 hari yang lalu
EBC Markets Briefing | OPEC+ helps oil prices steady at 14-month low
Oil prices rose slightly on Friday, as investors balanced a large US crude inventory draw and OPEC+ production delays with mixed US employment data.
EBC Financial Group
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714 hari yang lalu
All Eyes on Today’s U.S. NFP
Ahead of today's highly anticipated Nonfarm Payroll (NFP) report, the U.S. dollar remains under pressure, with major market players like Citigroup and JP Morgan betting on a larger rate cut from the Federal Reserve this month.
PU Prime
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714 hari yang lalu
US labour market: normalisation, not recession
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: US labour market: normalisation, not recession
FxPro
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715 hari yang lalu
EUR/USD Maintains Neutral Stance Ahead of US Employment Data
The EUR/USD pair remained stable around 1.1077 on Thursday morning, following steady growth in the previous session but still confined within a sideways channel.
RoboForex
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715 hari yang lalu
USDCHF eyes August’s low as bears stay in charge
USDCHF trims latest rebound, holds bearish trend ahead of US data. Short-term bias skewed to the downside; bears wait for a move below 0.8435.
XM Group
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715 hari yang lalu
Bitcoin Continues Downtrend
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin Continues Downtrend
FxPro
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715 hari yang lalu
EBC Daily Snapshot Sep 5, 2024
The dollar fell Thursday on US economic worries, with the yen rising on safe-haven demand. Traders see a 44% chance of a 50-bp cut this month.
EBC Financial Group
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715 hari yang lalu
Equities weakness lingers as focus remains on US data
Equities remain on the back foot as key US data on the menu today. ADP, jobless claims and ISM Services could prove market moving. Dollar’s mixed performance continues, yen benefits. OPEC+ production rumours fail to push oil prices higher.
XM Group
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715 hari yang lalu
EBC Markets Briefing | Wall St recommend long gold unanimously
Bullion steadied Thursday below $2500 after a market sell-off. It is expected to remain near this level until the NFP report is released.
EBC Financial Group
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715 hari yang lalu
Dollar Eases Ahead of Key U.S. Job data
The U.S. dollar lost strength after reaching a two-week high. The release of the Fed's Beige Book indicated a decline in economic activity, a softening labour market, and moderating wage growth, which fueled speculation of a potential Fed rate cut. This dampened the dollar's momentum, as traders now await Friday's NFP report, which could be pivotal for the Fed's interest rate decision
PU Prime
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716 hari yang lalu
Daily Global Market Update
The Euro gained, Dollar-Yen dropped. Gold traded sideways, Tesla surged. US Dollar weakened after job data, suggesting larger Fed rate cuts. Global equities fell, safe-haven assets sought. Watch US ADP, ISM, Eurozone Retail, Japan Household, Australia Trade, and Japan Foreign Reserves.
Moneta Markets
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716 hari yang lalu
