Strong US jobs data raised speculation about a new Fed tightening. The dollar remains higher as high Treasury yields weigh on silver prices. US non-farm payrolls are in the spotlight, while Fed officials forecast the unemployment rate to rise to 4.6% in 2023. the price of silver It extended its losses for the second day […]
Joshua
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
USD/CAD hits fresh all-time highs near 1.3600 and USD rebounds
The dollar rises strongly after the data, the DXY reaches its highest level in almost a month. USD/CAD bounces from 1.3475 towards 1.3600. The US and Canadian employment reports will be released on Friday. The USD/CAD It rose more than a hundred points on Thursday buoyed by a stronger US dollar. The pair reached a […]
AUD/USD sinks below the 200 and 0.6800 DMAs after strong US jobs data.
US ADP topped estimates while jobless claims missed forecasts, prompting a strong US Non-Farm Payrolls report. The US Trade Balance deficit narrowed, boosting the dollar. AUD/USD Price Analysis: You could extend your losses after dipping below the 200 day EMA. The Australian dollar (AUD) losing ground against the US dollar (USD) after a series of […]
EUR/USD Price Analysis: Immediate target is around 1.0630
EUR/USD bullish momentum faltered again around 1.0630. A break of that resistance could lead to a test of 1.0713. The EUR/USD pared early gains and plunged into bearish territory south of 1.0600 support on Thursday. Further upside attempts should break the short-term high at 1.0630/35 (Jan 4.5) to allow for a possible visit to the […]
Gold Price Forecast: XAU/USD extends correction towards $1,830 after US data.
The dollar strengthens in general after the US economic data. Gold accelerates downward correction after a four-day positive streak. US yields break higher, Wall Street turns negative. gold prices They fell more than 1% on Thursday, retreating from the highest level since mid-June amid a stronger USD and rising Treasury yields. The XAU/USD pair posted […]
EUR/USD sinks to 1.0550 as dollar bounces on labor data
The EUR/USD pair falls to daily lows near 1.0550 on Thursday. The US dollar continues to advance thanks to the good results of the labor market. The US ADP report and weekly claims surprised to the upside. Selling pressure on the dollar is now picking up further and dragging the EUR/USD back to 1.0550 on […]
USD/JPY reaches 1-week highs on encouraging US data.
USD/JPY turns positive for the third day in a row and hits 1-week highs. Upbeat US macro data supports the USD and remains support for the move. A combination of factors could support the yen and limit the pair’s rise. The pair USD/JPY receives some offers during the first hours of the North American session […]
US Dollar Index Price Analysis: Initial bullish barrier around 105.00
The index remains unchanged its erratic weekly behavior. Additional gains are seen on breakouts of the 105.00 zone. The US dollar index (DXY) resumes uptrend and looks set to test key resistance zone around 105.00 on Thursday. For now, the index maintains a consolidative tone, although breaking above the 105.00 area could open the door […]
The Fed will hold rates until 2024 — Esther George
Kansas City Fed President Esther George He told CNBC on Thursday that it will be key for the Fed to maintain rates once the hikes end, Reuters reported. Other comments “High inflation requires Fed action.” “Fed policy is having an impact on demand.” “The Fed will keep rates until 2024.” “A recession is not expected, […]
GBP/USD Price Analysis: Bears challenge rising channel support after upbeat US ADP report.
GBP/USD comes under strong selling pressure on Thursday, against a backdrop of resurgent demand for the USD. The upbeat US ADP report provides an additional boost to the USD and contributes to the decline. The technical situation favors the bears and supports the prospects of a further decline. The pair GBP/USD continues to lose ground […]
