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Tag: US labor market

USD/CAD Outlook: USD Roars to 1-Month Top ahead of US NFP

US economic data showed a persistently tight labor market. Initial jobless claims in the US fell to a three-month low last week. In...

WTI continues rangebound action around $74.00 despite soaring recession fears

Oil price is displaying a sideways auction after a perpendicular fall. Solid US payroll data is acting as a twin-edged sword for the...

EUR/USD Outlook: Risk Sentiment Improves on Positive US Data

US consumer confidence reached an eight-month high in December. The confidence comeback coincided with a similar increase in the sentiment index at...

NFP React: Fed bets rise post hot NFP report, Stocks lower, Oil awaits big week ahead, Gold dips, Cryptos little changed

US stocks tumbled after the nonfarm payroll report showed the labor market, especially wage pressures, is not cooling quickly at all. ​ Wall Street...

US NFP and How the Market Could React

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AUD/USD Forecast: RBA to Hike 25 bps Despite Easing Inflation

The annual increase in the CPI for October was 6.9%, down from 7.3% in September. The RBA expected inflation for consumer goods...

USD/JPY Price Analysis: Dollar Edges Higher Ahead of Powell

Investors will scrutinize Powell’s speech for any signs of hawkishness. The likelihood of a 75bps hike has increased over the past few...

AUD/USD Forecast: Dollar Bulls Triggered on Hawkish Fedspeak

US retail sales figures came in stronger than expected. There are renewed expectations that the Fed will keep raising rates. Australia’s employment increased...

NFP React: Payroll Shocker, Wall Street eyes half-point March liftoff, Amazon impresses

US stocks traded mixed after a surprisingly strong employment report made some investors nervous the Fed will be forced to be much more aggressive with fighting inflation. The Nasdaq was boosted after yesterday’s flawless Amazon earnings report.  Amazon delivered strong eps and AWS revenue beats, reported a $12 billion gain from their bet on Rivian, […]

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