TAG: Fed Chair Powell
Gold prices: Precious metal rises ahead of economic data release, silver up 0.5%
Gold prices strengthened on Monday as investors anticipated significant economic data releases and awaited comments from Federal Reserve officials later in the week, seeking additional insights into the potential timing of interest rate adjustments hinte...
6 months ago
Japanese yen jumpy ahead of US payrolls
The Japanese yen showed a bit of strength earlier but has pared these gains. In the European session, USD/JPY is trading at 15141, up 0.04% All eyes on US nonfarm payrolls The markets are bracing for a sharp drop in US nonfarm payrolls for March. Job grow...
6 months ago
Canadian dollar edges lower ahead of Cdn., US job reports
The Canadian dollar is slightly lower on Friday. In the European session, USD/CAD is trading at 1.3559, up 0.12%. Canada and the US will both release employment data later today, which could mean some volatility from USD/CAD in the North American session....
6 months ago
GBP/USD rises as UK inflation higher than expected
The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%. UK inflation drops to 3.2% Inflation in the UK continues to decline but the March release was not as strong as expected...
5 months ago
AUD/USD steadies ahead of employment data
The Australian dollar has stabilized on Wednesday, after a 2.2% decline over the past three days. In the North American session, AUD/USD is trading at 0.62254, up 0.37% but remains close to five-month lows. Australian job growth expected to slide Australi...
5 months ago
US, Japan express concern over Japanese yen
The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%. It’s a light data calendar today. US unemployment claims were unchanged at 212,000 and the Philly Fed Manufacturing index surged to 15...
5 months ago
Pound edges higher as UK Services PMI beats estimate
The British is in positive territory on Friday. GBP/USD is trading at 1.2555, up 0.16% at the time of writing. UK Services PMI hits 11-month high The service sector accelerated in April, as the Services PMI rose to 55.0, up from 53.1 in April. This was th...
5 months ago