Share: GBP/USD trades virtually unchanged slightly below 1.2450 on Friday. The pair remains on track to end the fourth straight week in positive territory. Nonfarm Payrolls in the US are expected to rise by 240K in March. GBP/USD has gone into a … [Continue reading]
Japan FinMin Suzuki: I hope the BoJ maintains suitable policy
Share: Japan’s Finance Minister (FinMin) Shunichi Suzuki praised the efforts of Bank of Japan’s (BoJ) outgoing Governor Haruhiko Kuroda early Friday. “Bank of Japan outgoing governor Haruhiko Kuroda's monetary stimulus has achieved major results … [Continue reading]
EUR/USD Forecast: Bullish but capped ahead of NFP
Share: Euro outperforms in a quiet session on Thursday. US data points to a softer labor market, NFP due on Friday. EUR/USD biased to the upside, likely to face resistance around 1.0950. The EUR/USD rose on a quiet day, retaking 1.0900 … [Continue reading]
Fed’s Bullard: Inflation is going to be “sticky” going forward
Share: St. Louis Federal Reserve President James Bullard said on Thursday he thinks inflation is going to be sticky going forward. Regarding monetary policy, he considers that interest rates are currently at the low end of a sufficiently restrictive … [Continue reading]
Arbitrum revises controversial proposal as the Layer 2 solution matches Ethereum in daily transactions
Share: Arbitrum, despite having its airdrop two weeks ago, is noting daily transactions equal to Ethereum. The Foundation acknowledged the rejection of AIP-1 and stated it would not move any of the remaining 700 million ARB. Following the 17% drop … [Continue reading]
AUD/USD skids below 0.6700 amid Sino-US tensions over Taiwan, US NFP hogs limelight
Share: AUD/USD has surrendered the immediate support of 0.6700 as US-China tension has strengthened the risk-off mood. Federal Reserve to remain steady amid deepening US recession fears and cooling US labor market. Reserve Bank of Australia has … [Continue reading]
China Caixin Services PMI beats, supportive of AUD/USD´s near-term outlook
Share: The Caixin Services PMI, released by Markit Economics, has been released as follows: China Caixin Services PMI March: 57.8 (est 55.0; prev 55.0). Caixing Composit PMI March: 54.5 (prev 54.2). AUD/USD update AUD/USD remains tucked in on … [Continue reading]
Forex Today: Dollar rebounds despite US data, Yen gains amid lower yields
Share: After the ADP and ISM Service PMI, attention turns to Nonfarm Payrolls. Data releases on Thursday include Australian trade, Reserve Bank of Australia Financial Stability Review, Chinese Caixin Service PMI, Canadian employment and US weekly … [Continue reading]
Gold Price Forecast: Bulls hold ground, prepare for another leg north
Share: XAU/USD Current price: $2,020.20 Dismal United States data maintains the USD on the back foot despite a souring mood. Stock markets struggle to leave the red, government bond yields ease. XAU/USD consolidates gains with the bullish bias … [Continue reading]
Breaking: US private sector employment rises by 145K in March vs. 200K expected
Share: The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 145,000 in March. This reading came in below than the market expectation of 200,000. On a positive note, February's … [Continue reading]