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Forex
Gold holds steady below $4,100 as Fed rate cut bets fade
Gold price (XAU/USD) holds steady near $4,080 during the early Asian session on Friday. The upside for the precious metal might be limited as strong US jobs data dims Federal…
Japan’s National CPI rises 3.0% YoY in October, Core CPI climbs as expected
Japan’s National Consumer Price Index (CPI) rose by 3.0% YoY in October, compared to the previous reading of 2.9%, according to the latest data released by the Japan Statistics…
Australia’s S&P Global Manufacturing PMI rises to 51.6 in November
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 51.6 in November versus 49.7 prior, the latest data published by…
EUR/USD flat near 1.1540 as NFP surprise bolsters dovish Fed bets
EUR/USD holds firm on Thursday after an outstanding jobs report in the United States (US), hinting that the labor market remains solid, despite softening during the second half of…
Inflation seems to have stalled
Federal Reserve Bank of Chicago President Austan Goolsbee spoke at the Chartered Financial Analyst Society of Indianapolis Annual Lunch on Thursday. He said that inflation seems to…
Dow Jones flops as headwinds mount, declines 300 points
The Dow Jones started Thursday off on a high note. The major equity index soared 725 points in the early hours before promptly reversing course at 1545 GMT (1045 EST) and sinking…
FX Today: It’s PMI-day!
The US Dollar (USD) kept its upside impulse well in place for yet another day on Thursday, this time climbing to the area of six-month highs backed by declining bets for another…
US financial system is resilient
Federal Reserve (Fed) governor Lisa Cook said in remarks prepared for delivery at an event hosted by Georgetown University's business school on Thursday. She said that the US…
USD/CAD rises as US Dollar gains on mixed labor data and Fed outlook
The Canadian Dollar (CAD) is under pressure against the US Dollar (USD) on Thursday, with the Greenback holding firm as markets scale back expectations of a December interest rate…
USD/JPY hits eleven-month high as Yen weakens, US jobs data mixed
USD/JPY trades around 157.65 on Thursday at the time of writing, up 0.45% on the day after touching a fresh eleven-month high at 157.88. The pair remains supported by broad…