August Jobs Report: Nonfarm Payrolls at 315,000; USD in Focus After Breakout
The U.S. economy created 315,000 jobs in August, a healthy but slower pace of hiring than seen in recent months. Meanwhile, the unemployment rate rose to 3.7%.
US Dollar Strength Persists Ahead of NFP
USD goes from strength to strength. Euro holds steady amid cross-Euro buying
FTSE 100 Bounces but Gains are Capped by a Markdown in Housebuilding Stocks
The blue-chip index bounced off support in European trade only to see gains capped by a markdown to housebuilding stocks.
EUR/USD Forecast: Nord Stream Gas Flows Set to Resume, Beleaguered ECB Turns Hawkish
EUR/USD now faces an increasingly hawkish ECB as markets await NFP data later today. What’s next for the euro?
Japanese Yen Latest: USD/JPY Rallies to a New 24-Year High
The Bank of Japan (BoJ) has said that it is watching developments in the FX market carefully as the Japanese Yen weakens further against the US dollar.
WTI Crude Oil Update: G7 Meet to Discuss Russian Oil Price Cap, WTI Rises
Today the G7 nations meet to sure up plans of setting a cap on Russian oil prices, a plan that some feel can be easily circumvented by selling oil to…
Durable Goods Orders: What are They and How Do They Affect Financial Markets?
Durable goods orders have an important place in the context of global financial markets and can be used as a gauge of economic health that impact several asset classes.
S&P 500 Holds the Bounce as Headwinds Grow Ahead of Non-Farm Payrolls Today
The S&P 500 has managed to maintain the rally off yesterday's low, but broadening risks appear to be building with Fed hawkishness and persistent China woes dampening the outlook.
Gold Prices Take a Beating, but More Damage Might Come from the US Jobs Report
Gold prices sank ahead of a hotly anticipated US non-farm payrolls report. Further indications of a tight labor market will likely not bode well for gold if the US Dollar…
Japanese Yen Stumbles Against US Dollar as Japan Faces Higher Steel Prices
USD/JPY hit a fresh multi-decade high as the US Dollar surged despite a revival in US stock prices. Japan is facing higher steel prices that threaten to add more drag…