Analysis

All Eyes on Today’s U.S. NFP

Ahead of today's highly anticipated Nonfarm Payroll (NFP) report, the U.S. dollar remains under pressure, with major market players like Citigroup and JP Morgan betting on a larger rate cut from the Federal Reserve this month.

PU Prime | 79 days ago

US labour market: normalisation, not recession

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: US labour market: normalisation, not recession

FxPro | 79 days ago

EUR/USD Maintains Neutral Stance Ahead of US Employment Data

The EUR/USD pair remained stable around 1.1077 on Thursday morning, following steady growth in the previous session but still confined within a sideways channel.

RoboForex | 79 days ago

USDCHF eyes August’s low as bears stay in charge

USDCHF trims latest rebound, holds bearish trend ahead of US data. Short-term bias skewed to the downside; bears wait for a move below 0.8435.

XM Group | 80 days ago

Bitcoin Continues Downtrend

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin Continues Downtrend

FxPro | 80 days ago

EBC Daily Snapshot Sep 5, 2024

The dollar fell Thursday on US economic worries, with the yen rising on safe-haven demand. Traders see a 44% chance of a 50-bp cut this month.

EBC Financial Group | 80 days ago

Equities weakness lingers as focus remains on US data

Equities remain on the back foot as key US data on the menu today. ADP, jobless claims and ISM Services could prove market moving. Dollar’s mixed performance continues, yen benefits. OPEC+ production rumours fail to push oil prices higher.

XM Group | 80 days ago

EBC Markets Briefing | Wall St recommend long gold unanimously

Bullion steadied Thursday below $2500 after a market sell-off. It is expected to remain near this level until the NFP report is released.

EBC Financial Group | 80 days ago

Dollar Eases Ahead of Key U.S. Job data

The U.S. dollar lost strength after reaching a two-week high. The release of the Fed's Beige Book indicated a decline in economic activity, a softening labour market, and moderating wage growth, which fueled speculation of a potential Fed rate cut. This dampened the dollar's momentum, as traders now await Friday's NFP report, which could be pivotal for the Fed's interest rate decision

PU Prime | 80 days ago

Daily Global Market Update

The Euro gained, Dollar-Yen dropped. Gold traded sideways, Tesla surged. US Dollar weakened after job data, suggesting larger Fed rate cuts. Global equities fell, safe-haven assets sought. Watch US ADP, ISM, Eurozone Retail, Japan Household, Australia Trade, and Japan Foreign Reserves.

Moneta Markets | 80 days ago

A Mixed Bag in the Markets: Stocks, Currencies, and Investor Sentiment

Nvidia’s recent earnings report didn’t exactly disappoint, but it also didn’t live up to the sky-high hopes of investors. As a result, the company’s stock took an 8% hit in after-hours trading. This has added to a somewhat uneasy mood in the market, with Asian stocks experiencing slight declines.

ACY Securities | 80 days ago

Swiss Franc's Strength: A Curious Trend Amidst Stable Markets

The recent movements in the Swiss franc have sparked considerable interest among market analysts, presenting a somewhat perplexing situation. Amid a period of heightened risk aversion, the EUR/CHF currency pair experienced a sharp drop, plummeting from 0.9750 to 0.9300.

ACY Securities | 80 days ago

Yen Strengthens Amid Global Market Uncertainty What to Expect Next

As the Asian session begins, the Japanese yen demonstrated notable strength as heightened risk-averse sentiment pervaded the forex market. This increase in the yen’s value is particularly evident in its performance against G10 commodity-linked currencies.

ACY Securities | 80 days ago

EUR Breaking New Ground Amid Shifting Monetary Policies

The euro has recently consolidated at higher levels, signalling a potential shift in the currency's trading dynamics. After breaking out of the 1.0500 to 1.1000 trading range that had dominated much of the landscape since late 2022, the euro is now trading within a new, higher range between 1.1000 and 1.1500.

ACY Securities | 80 days ago