Asia FX muted as strong US payrolls dent rate cut bets; dollar trims weekly losses

Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He…

On Thursday, the Dow Jones Index (US30) fell by 0.84%. The S&P 500 Index (US500) dropped by 1.12%. The technology-heavy Nasdaq Index (US100) closed lower by 1.90%. Pressure on the technology sector and companies linked to artificial intelligence once again hit Wall Street sentiment. Weak signals from the labor market exacerbated the tech sell-off. According…

The Australian dollar has had a busy week and is showing strong gains on Thursday. In the European session, AUD/USD is trading at 0.6550, up 0.50% at the time of writing. RBA’s Bullock says rate hikes still on table Two days after the Reserve Bank of Australia held the cash rate, Governor Bullock reinforced her…

It’s December, the time of year when everything feels like it’s spinning at 100 miles per hour. Gift shopping, lighting the menorah, and coordinating with relatives can make your head spin. But there’s one surefire way to make it all better: Hanukkah foods. These dishes aren’t just your typical holiday fare. They slap harder than…

By Analytical Department RoboForex Gold fell to 4,387 USD per troy ounce on Thursday, marking its third consecutive session of losses. The market remains cautious amid persistent uncertainty surrounding negotiations between the US and Iran, which continue to fuel concerns over inflation and the prospect of prolonged high interest rates. Key disagreements between the two…

The Canadian economy has had its fair share of hits and misses with economic data these days. What will the upcoming employment report imply about BOC policy expectations? Source link