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
GOLD PRICES FORECAST: Gold prices retreat for a second consecutive day amid rising yields after better-than-expected U.S. economic data Traders should focus on the ISM services PMI and the U.S. labor market report in the coming days This article looks at key XAU/USD’s levels to watch this week Trade Smarter – Sign up for the
S&P 500 FORECAST The S&P 500 and Nasdaq 100 slide, but remain near multi-month highs ahead of key earnings and the U.S. jobs report Apple and Amazon will announce quarterly results on Thursday Meanwhile, the U.S. Bureau of Labor Statistics will release the July employment report on Friday Recommended by Diego Colman Get Your Free
Share: Pound Sterling eyes more gains ahead of key interest rate policy The Pound Sterling (GBP) recovers as negative market sentiment eases despite the United Kingdom losing resilience in an aggressively restrictive monetary policy environment. Earlier, the GBP/USD pair faced wrath as the UK authority shows concerns about deepening recession fears due to consistent interest rate hikes