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Forex
Fed’s Goolsbee: Trend of economic data justifies multiple rate cuts
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that the longer-run trend of labor market and inflation data justify the Fed easing…
EUR/USD extends bounce against wavering Greenback
EUR/USD rose on Thursday, climbing back over 1.1100.
Gains remain limited after miss in EU Retail Sales.
US NFP print due on Friday takes the center stage…
USD/CAD consolidates around 1.3500, all eyes on US/Canadian employment data
USD/CAD holds steady around 1.3500 in Friday’s early Asian session.
US ISM Services PMI came in stronger than expected, while private sector payrolls grew…
Verizon slips after announcing $20 billion Frontier acquisition
Verizon agrees to pay $20 billion in cash for Frontier Communications.
Frontier is largest pure fiber telecom in the US, deal will extend Fios offering to…
US Dollar weakens on cooling labor market signals, eyes on NFPs
US Dollar weakened on Thursday after mixed US economic data.
S&P Global Services PMI and ISM Services PMI showed expansion in the service sector.
Labor…
Dow Jones Industrial Average fumbles on Thursday but recovers some footing
The Dow Jones backslid 400 points on Thursday as economic concerns persist.
Investors are growing increasingly worried about a recession as hiring slows.…
Forex Today: Nonfarm Payrolls… the Dollar’s doom and gloom?
The Greenback added to the weekly leg lower and pierced the key 101.00 barrier against the backdrop of persistently low US yields across the curve and steady…
Pound Sterling Price News and Forecast: GBP/USD holds to gains on mixed US data
GBP/USD Price Forecast: Holds to gains on mixed US data
The GBP/USD aims up during the North American session, after jobs data from the United States (US) was…
Mexican Peso sinks to four-week low as judicial reform spurs sell-off
USD/MXN rises 0.20% to 19.97, hitting a four-week low of 20.14 amid ongoing political turmoil in Mexico.
Judicial reform bill awaits Senate approval with…
Platinum prices now already printed their local lows – TDS
Signs of extreme upside asymmetry are playing out in Platinum markets, TDS Senior Commodity Strategist Daniel Ghali notes.
CTAs to buy 5% of their max size…