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U.S. August Jobs Report: Mixed Signals Keep Fed on Track for Measured Rate Cut
The U.S. labor market showed signs of cooling in August, with job growth slowing but remaining positive, potentially paving the way for a measured approach to interest rate cuts by the Federal Reserve later this month. The Bureau of Labor Statistics reported today that total nonfarm payroll employment increased by 142,000 in August, below the…
EUR/USD rises as German GDP beats forecast – MarketPulse
The euro is up for a third straight day on Wednesday. In the European session, EUR/USD is trading at 1.0839 at the time of writing, up 0.20% on the day. Germany’s GDP for the third quarter surprised on the upside with a modest 0.2% gain. This was above the -0.1% reading in the second quarter…
PBOC sets USD/CNY reference rate at 7.1991 vs. 7.1927 previous
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1991, as compared to the previous day’s fix of 7.1927 and 7.2305 Reuters estimates. Source link
Market Analysis: EUR/USD Dips Again While USD/JPY Aims Fresh Surge
EUR/USD declined from 1.1720 and traded below 1.1650. USD/JPY is rising and might gain pace above 148.20. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline after a decent move above 1.1680. There was a break below a key bullish trend line with support at 1.1650 on the hourly chart…
UK Hires First Crypto Specialist for Insolvencies as Recovery Cases Rise
The UK’s Insolvency Service has appointed its first dedicated crypto intelligence specialist in response to a sharp rise in bankruptcy and criminal cases involving digital assets such as Bitcoin and Ethereum. The move comes as the agency reports a 420% increase in insolvency cases where crypto is identified as a recoverable asset. Andrew Small, a…
