Share: Nonfarm Payrolls surprised expectations to the downside in October. This brought the USD lower from its high ground. Economists at TD Securities analyze Greenback’s outlook. A topping out of 10Y yields and US rates vol will help revive the high-quality carry currencies Both the headline jobs number and wage data came on
Fed’s Waller Fed is determined to bring inflation down to 2% Full speech There is nothing particularly notable in the initial comments, which didn’t directly address monetary policy or the outlook for the economy. Here is the conclusion portion of the speech: I think it is worth concluding by emphasizing an important respect in which
GOLD PRICE OUTLOOK: Gold prices traded slightly higher on Wednesday on U.S. dollar softness ahead of key U.S. economic data. The September U.S. employment report will steal the spotlight on Friday and will be key for financial markets. This article looks at XAU/USD’s key technical levels worth watching in the coming days. Most Read: USD/JPY
Share: JOLTS report will be watched closely by Fed officials ahead of September jobs data. Job openings are forecast to hold steady at around 8.8 million on the last business day of August. US labor market conditions remain out of balance despite Fed rate hikes. The Job Openings and Labor Turnover Survey (JOLTS)
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices surge higher on JOLTS job openings Retail traders continued increasing bearish bets XAU/USD may rise, but faces key resistance now Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices soared nearly 1% over the past 24 hours after an unexpected miss in
USD/ZAR News and Analysis US consumer confidence takes a hit as labour market shows slight signs of easing ZAR technical outlook eyes 200-simple moving average (SMA) ZAR looking ahead to Chinese manufacturing PMI as the sector contracts The analysis in this article makes use of chart patterns and key support and resistance levels. For more