Pound Sterling prints a fresh four-day high on upbeat market mood
Pound Sterling stabilizes above 1.2600, supported by a risk-on mood. UK housing demand drops sharply due to rising mortgage rates. Investors hope that policy divergence between the Fed and BoE…
USD/JPY recovers from below 146.00 while US Dollar retreats ahead of labor market data
USD/JPY rebounds swiftly from 146.00 amid weakness in the Japanese Yen due to uncertainty about BoJ’s exit from the ultra-loose policy. The US Dollar retreats ahead of the US ADP…
ECB’s Centeno: Downside risks for growth outlined in June projections are materializing
“Eurozone economic growth indicators have been surprising on the downside recently,” European Central Bank (ECB) Governing Council member and Bank of Portugal Governor Mario Centeno said while speaking at Reuters…
US ADP’s August private payrolls estimate is seen at 195K – Rabobank
Analysts at Rabobank note that markets will have more labor market data from the US to scrutinize. Atlanta Fed’s GDPNow stands at a robust 5.9% for Q3 “The ADP’s August…
Expecting a stronger NFP print on Friday at 180K – TD Securities
Analysts at TD Securities assess the latest data releases from the US and preview the upcoming ones. Second tier data coming up with ADP and Home Sales “JOLTS and Consumer…
Euro revisits 1.0900 on Dollar weakness, looks at US calendar
The Euro keeps the optimism well and sound vs. the US Dollar. Stocks in Europe keep the mixed note so far on Wednesday. EUR/USD briefly revisits the 1.0900 hurdle, as…
Gold price aims higher as US hiring momentum slows
Gold price breaks above $1,940.00 as US ADP Employment data turns out softer than expected. US firms invited fewer applications for jobs in July as resignations dropped. Investors hope that…
Oil steady at weekly high ahead of EIA
Oil (WTI) rallies higher this week with demand side taking over while supply could be seen slowing down. US Dollar strength abates after US JOLTS data points to weakening labor…
US Dollar loses momentum on increasing economic headwinds
US Dollar price action is positive this Wednesday against all major peers. Another big batch of data, including US GDP data, could push the Greenback further down. The US Dollar…
US Dollar loses momentum on increasing economic headwinds
US Dollar price action is positive this Wednesday against all major peers. Another big batch of data, including US GDP data, could push the Greenback further down. The US Dollar…
