Dollar slips after soft jobs report; posts best weekly gain since August

Dollar slips after soft jobs report; posts best weekly gain since August
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Dollar slips after soft jobs report; posts best weekly gain since August
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The gold price surge continued on April 21, 2025, as gold hit a record high of $3,385 per ounce. This milestone came amid a weakening U.S. dollar and renewed global trade tensions. Investors are increasingly turning to gold as a safe-haven asset, signaling market uncertainty and shifting investment strategies. Gold Price Increase Driven by Dollar…
London-listed investment platform AJ Bell announced a strong trading performance for the year ended September 30, 2024. In a year-end trading update, the company reported record assets under administration (AUA) of £86.5 billion, up 22% from the previous year. Customer numbers also continued to grow, with an increase of 66,000 to close at 542,000. This…
How Government Spending Is Shaping Forex Markets | Orbex XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Utilizing economic indicators in forex trading can be the key to foresight and market strategy. Among these, PMI data, or the Purchasing Managers’ Index, stands out as a pivotal source of insight into the economic health of the manufacturing and services sectors. This data, reflecting the opinions of purchasing managers about market conditions, serves as…
As the chart shows, Amazon (AMZN) shares fell to around $222 yesterday, despite trading above $255 at the start of the month. The price drop is the result of several factors, including: → A rating downgrade from Rothschild & Co. Redburn (to “Neutral”). Analysts doubt that Amazon’s massive investments in artificial intelligence will pay off…
Euro retreats as Powell signals cautious stance despite 25 bps Fed cut. US Jobless Claims dip and Philly Fed survey beats forecasts, reinforcing Dollar strength in post-FOMC trading. ECB officials strike a neutral tone, saying rates are appropriate, with balanced inflation risks but weaker growth outlook. EUR/USD retreats after reaching a yearly high above 1.1900…