US releases NFP jobs data for August, which once again came in below expectations. NFP report has historically affected the price of Bitcoin and, ultimately, the crypto market. Bitcoin's price slid under $55K, sparking nearly $82 million in … [Continue reading]
Dow Jones Industrial Average falls again after NFP figures undershoot forecasts
The Dow Jones fell another 400 points on Friday after NFP jobs data missed the mark. US job additions continue to underperform, and downside revisions remain a concern. Despite the miss in NFP employment, market bets for a 25 bps cut come out on … [Continue reading]
USD/JPY Price Prediction: Bouncing from close to August 5 lows
USD/JPY is rebounding from key support near the August 5 lows. It is forming a bullish candlestick although it is not possible to be certain until the current 4-hour period ends. The trend remains bearish although a correction higher … [Continue reading]
CAD: Watch for more jobs weakness – ING
The Bank of Canada delivered a widely expected 25bp rate cut on Wednesday. The BoC event did not move markets significantly, and the USD/CAD dive shortly after the announcement was instead mostly due to soft US JOLT figures, ING’s FX … [Continue reading]
Gold price extends the range play below weekly top, looks to US NFP for fresh impetus
Gold price continues to draw support from dovish Fed-inspired USD selling bias. Worries about a US economic downturn further underpin the safe-haven metal. Traders turn cautious ahead of the release of the crucial US employment details. … [Continue reading]
TON up as Telegram CEO speaks up following arrest
Pavel Durov spoke against the French government's action in a post to his community. Durov claimed that he had been very open to the French authorities and was surprised at their action. TON rose nearly 4% in the past 24 hours. Telegram CEO Pavel … [Continue reading]
Dow Jones Industrial Average fumbles on Thursday but recovers some footing
The Dow Jones backslid 400 points on Thursday as economic concerns persist. Investors are growing increasingly worried about a recession as hiring slows. Friday’s NFP jobs data dump looms over the horizon as investors begin to stress. The Dow Jones … [Continue reading]
United States 4-Week Bill Auction dipped from previous 5.17% to 5.08%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
ECB Watch: To cut or not to not cut – Nordea
The ECB is almost certain to cut rates by 25bp next week. While the central bank is set to refrain from any firm guidance on future steps, we think staff forecasts showing inflation at target in the medium-term support a quarterly pace of rate cuts, … [Continue reading]
USD/INR trades with mild gains as traders await US ISM Services PMI data
Indian Rupee weakens in Thursday’s early European session, pressured by a sell-off in Indian equities. RBI’s intervention and lower crude oil prices might cap the INR’s downside. Investors await the US ISM Services PMI, which is due later … [Continue reading]