The Euro is losing ground against the US Dollar on Tuesday, snapping a two-day winning streak as the Greenback regains traction. The BLS reported that payrolls were overstated by 911,000 jobs through March 2025, confirming that the labor market has been cooling more sharply than previously reported. Investors are awaiting comments from ECB Governing Council…
The US Bureau of Labor Statistics (BLS) reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total Nonfarm employment for March 2025 is -911,000, or -0.6%. “In accordance with usual practice, the final benchmark revision will be issued in February 2026 with the publication of the January…
Markets Markets started slow but after all constructive to the new trading week, with bonds and equities closing in green. Upcoming event risk (French confidence vote a.o.) for now didn’t spoil the game. US interest rate markets facilitated a further easing of global financing conditions, with today’s BLS benchmark revision for the US payrolls a…
The past week in global markets has been anything but routine. What began as cautious positioning around economic data turned into a full-scale rethink of Fed policy and global growth prospects. Currency traders, bond investors, and equity markets were all forced to adjust as the numbers told a weaker story than anyone hoped for. At…
Macro background: why this print matters now The August payrolls report delivered a major downside surprise: only +22k jobs versus a consensus of +75k. The unemployment rate edged up to 4.3%, underscoring the cooling trajectory of the labor market. July had already shown weak hiring at +73k, and the prior two months (May–June) were revised…
All attention is on U.S. non-farm payrolls today, with markets bracing for heightened volatility. Consensus expectations point to job growth of 78k in August, an uptick in the unemployment rate to 4.3%, and average hourly earnings at 0.3% mom. Risks appear skewed to the downside for Dollar, with potentially larger reaction if the data disappoints….
Gold pauses after a record high of $3,578.50 as profit-taking and a steady US Dollar weigh on sentiment. Easing US Treasury yields and calmer global bond markets help limit downside, keeping safe-haven demand supported. The US PMI data were mixed, with the S&P Global Composite slipping to 54.6, while the ISM Services PMI improved to…
Post-Summer Trading Outlook: Uncertainty Looms Over Fed Cuts, Jobs Data, and Global Risks Federal Reserve interest rates – Post-Summer Trading Outlook The start of post-summer trading often mirrors the beginning of a new year, as traders and investors return from vacation and markets regain momentum. Historically, the first week of September tends to bring…
The past week was anything but quiet for global markets, even if headline price moves in currencies looked muted. Beneath the surface, three powerful narratives are colliding: political turmoil in the U.S. that threatens the independence of its central bank, a legal battle that could reshape global trade policy, and a relentless equity surge in…
NZD/USD gains further to near 0.5900 amid upbeat market mood. Investors await the US PCE inflation data for fresh cues on the monetary policy outlook. Cooling inflation expectations and RBNZ interest rate cut have improved NZ’s Business Confidence. The NZD/USD pair extends its upside to near 0.5900 during the Asian trading session on Friday. The…