Richmond Fed President Tom Barkin said the decline in the unemployment rate was welcome and described job growth as modest but stable. He also noted that hiring remains concentrated in healthcare and AI, leaving the overall picture uncomfortably … [Continue reading]
US Dollar Weekly Forecast: Greenback or Greenland?
The week that wasAnd we’re off!Another positive week for the US Dollar (USD) saw the US Dollar Index (DXY) extend a promising start to the new trading year, managing to at least scare away the spectre of being one of the worst-performing currencies … [Continue reading]
GBP/CAD steady as markets digest mixed Canada employment report
The Canadian Dollar (CAD) trades little changed against the British Pound (GBP) on Friday, with GBP/CAD struggling to find direction as traders show a muted reaction to Canada’s latest employment report. At the time of writing, the pair trades around … [Continue reading]
XRP trades under pressure amid weak retail demand
Ripple (XRP) is trading under pressure, resting squarely on support at $2.00 at the time of writing on Friday. The path with the least resistance appears downward, weighed down by declining retail demand despite minor inflows into XRP spot Exchange … [Continue reading]
EUR/JPY appreciates above 183.60 on generalised Yen weakness
The Euro appreciates sharply on Friday, reaching session highs above 183.60 after bouncing from three-week lows at 182.63, to retrace most of the weekly losses. The Yen drops across the board amid concerns about tensions with China and market … [Continue reading]
Nonfarm Payrolls set to grow moderately in December as markets assess Fed rate cut bets
The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for December on Friday at 13:30 GMT. The US Dollar (USD) will likely experience heightened volatility as the employment report could provide key … [Continue reading]
Ireland Consumer Confidence increased to 61.2 in December from previous 61
Gold now manages to regain some balance, fading its earlier pullback to the proximity of the $4,400 region per troy ounce and reshifting its attention to the $4,450 zone on Thursday. The yellow metal’s move lower comes in response to a better tone in … [Continue reading]
United States Consumer Credit Change came in at $4.23B, below expectations ($10B) in November
Gold now manages to regain some balance, fading its earlier pullback to the proximity of the $4,400 region per troy ounce and reshifting its attention to the $4,450 zone on Thursday. The yellow metal’s move lower comes in response to a better tone in … [Continue reading]
XRP slides as institutional and retail demand falters
Ripple (XRP) is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into … [Continue reading]
USD/CNH: Likely to trade between 6.9660 and 7.016 – UOB Group
Tentative increase in upward momentum suggests US Dollar (USD) could test 6.9950. In the longer run, outlook for USD is neutral now; it is likely to trade between 6.9660 and 7.0160, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Outlook … [Continue reading]