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Forex
US Dollar rallies on stronger than expected NFP and wage inflation data
USD maintains its momentum, rising by more than 0.70% on Friday.
US Nonfarm Payrolls exceeded market expectations in May, showing a robust recovery in the…
Gold extends decline after US Nonfarm Payrolls beats expectations
Gold price declines after the release of US Nonfarm Payrolls data for May, shows a higher-than-expected change in employment and wages.
Gold was already…
Silver Price Forecast: XAG/USD nosedives below $30 as strong US NFP report boosts US yields
Silver price drops vertically below $30.00 as US yields soar after upbeat US NFP report for May.
Both job and wage growth beat estimates.
Pause in PBoC’s…
USD/CAD Price Analysis: Threatening to break out of triangle price pattern
USD/CAD is attempting to break out of a triangle price pattern and push higher.
A decisive breakout would reaffirm 2024’s uptrend and begin a new more…
Pound Sterling weakens against US Dollar after upbeat US NFP report
The Pound Sterling faces an intense sell-off against the US Dollar after upbeat US NFP data for May.
Strong US NFP report has negatively impacted…
Breaking: US Nonfarm Payrolls rise 272,000 in May vs. 185,000 expected
Nonfarm Payrolls (NFP) in the US rose 272,000 in May, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 165,000 increase…
Mexican Peso weakens on investor fears over new administration
The Mexican Peso declined on Thursday as a result of investor concerns regarding reforms the government wants to push through.
Critics say they are…
EUR/USD struggles for direction as investors sideline ahead of US NFP
EUR/USD trades back and forth near 1.0900 ahead of US NFP data for May.
The US NFP will indicate whether labor market conditions have started normalizing.…
GBP/JPY falls toward 198.50 after hawkish comments from Japan’s Finance Minister Suzuki
GBP/JPY depreciated as Japan’s Suzuki mentioned taking action against excessive currency volatility if needed.
Japan's foreign exchange reserves declined to…
ECB’s de Guindos: Inflation is to be around 2% next year
European Central Bank (ECB) Vice President Luis de Guindos said on Friday that “inflation is to be around 2% next year.”
de Guindos said that he “sees huge…