GBP/USD tanks below 1.2600 after US NFP and ISM PMIs data

Share: The Pound Sterling (GBP) slumped late in the New York session versus the Greenback (USD) as US Treasury bond yields rose and bolstered the USD, which is set to print its seven consecutive week printing gains. The GBP/USD hit a daily high of 1.2712 before reversing its course and diving toward the current exchange

Mixed NFP and Lower Yields Weigh on USD, RBA & Boc up Next

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Can NFP Propel US Stocks Back to Yearly Highs?

S&P 500 Analysis US Equities Recover Lost Ground as Data Sends Real Yields Lower The top 500 US stocks ranked by market capitalization have partially recovered one of the deepest pullback seen during the current bull market. Rising risk-free rates (US treasuries) at a time when inflation has declined, has resulted in higher US real

How will the US Dollar react to August NFP?

Share: US Nonfarm Payrolls are expected to increase by 170K in August, slowing from the 187K reported in July. The headline NFP and Average Hourly Earnings could impact the Fed’s future policy. The Unemployment Rate in the United States is seen steady at 3.5% in August. Traders scale back the odds of a

Euro Risks Accumulate Ahead of NFP

EUR/USD news and Analysis Mixed EU Inflation and Cautious ECB Tone add to Downside Risks The euro sold off on Thursday after markets chose to pay close attention to the more encouraging core inflation print for the Euro area, as opposed to the slight move higher on headline readings. Core inflation printed at 5.3%, in

Gold Prices Stall at Trendline Resistance. Will NFP Spark Breakout or Rejection?

GOLD PRICE (XAU/USD) FORECAST Gold prices stall after encountering trendline resistance near $1,950 ahead of a high-impact event on Friday: the release of the latest U.S. jobs report Total nonfarm payrolls for August are forecast to have risen by 170,000, following July’s 187,000 increase This article looks at XAU/USD’s key technical levels to watch in

Key Price Levels for USD/JPY, USD/CAD & USD/MXN Ahead of NFP

USD/JPY TECHNICAL ANALYSIS USD/JPY (U.S. dollar – Japanese yen) rallied strongly from mid-July through late August, but its bullish momentum has begun to fade over the past few sessions after prices failed to clear channel resistance at 147.35. Following this rejection, the pair has transitioned into what appears to be a consolidation phase, marked by