GBP/USD ANALYSIS The British pound gained ground against the U.S. dollar, but its advance was limited, as traders embraced a cautious position and avoided taking large directional bets ahead of the August U.S. payrolls report due for release on Friday. Given the Fed’s data-dependent approach, labor market incoming information will play a crucial role in
Mon: Australian Retail Sales (Jul) Tue: NBH Announcement, German GfK Consumer Sentiment (Sep), US CaseShiller (Jun) and JOLTS (Jul) Wed: Australian CPI (Jul), Spanish Flash CPI (Aug), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), US ADP National Employment (Aug) Thu: ECB Minutes, Japanese Retail Sales (Jul), Chinese Official PMI (Aug), German Retail Sales
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Share: Following weak US data, EUR/USD climbs to a new weekly high above 1.1004. The July US Nonfarm Payrolls report gave mixed signals, with fewer people adding to the workforce while wages increase. Germany reported strong factory orders for June, but soft Retail Sales in the EU came in at -0.3% MoM, dampening
Share: Data released on Friday showed that Nonfarm Payrolls in the US rose by 187,000 in July, falling below the market consensus of 200,000. June’s figures were also revised lower to 185,000, marking the lowest level since December 2020. Analysts at Wells Fargo point out that the slower pace of hiring in July
Share: US Dollar weakens across the board after NFP. Nonfarm Payrolls rise by 187,000 in July, below the 200,000 of market consensus. USD/CHF falls for the second day in a row, still up for the week. The USD/CHF reached a four-day low at 0.8699 on Friday, following the release of US jobs data.
Share: Australian Dollar rallies versus the US Dollar on Friday after Nonfarm Payrolls misses expectations. The Aussie had already been recovering after markets adopted a risk-on mode reflected in rising Asian stock indices. AUD/USD found a floor at 0.6514 on Thursday and then recovered on the back of upbeat Australian trade data and
Share: Mullen held its shareholder meeting on August 3 but it is unclear whether the company received enough votes for another reverse stock split. July US Nonfarm Payrolls surprised to the downside – weighing on the US Dollar but supporting stocks. S&P 500 and NASDAQ 100 both gain in early Friday trade Mullen Automotive
Share: The US Dollar came under renewed selling pressure on Friday. The US Dollar Index declined below 102.00 and erased a large portion of weekly gains. US July jobs report showed a 187,000 increase in Nonfarm Payrolls in July. The US Dollar started to weaken against its rivals in the second half of the
JULY NONFARM PAYROLLS REPORT The U.S. Bureau of Labor Statistics will release the July employment survey on Friday The U.S. economy is expected to have added 200,000 jobs last month, following a gain of 209,000 jobs in June. The strength of the report relative to market expectations will determine the outlook for gold and the
