TAG: NFP
Week Ahead: Oil primed for more upside?
Crude ↑ over 15% in Q1 Oil could kick off Q2 with bang OPEC+ JMMC meeting, EIA data & NFP in focus Prices bullish on D1 & W1 timeframe Key level of interest at $83 Despite the holiday shortened week ahead for UK and European markets, the seco...
6 months ago
Week Ahead: US500 braced for jam-packed week
US500 ↓ 4% month-to-date High impact events could rock index Fed decision, earnings & NFP in focus Key levels of interest at 5129, 5034 & 4970 Major breakout on horizon? If you thought the last few days were eventful, wait until you see the line...
5 months ago
Gold Traders Brace For NFP Today
Gold Softer on FridayGold prices are trading a little softer on Friday as traders brace for the latest set of US labour market readings. The last three months’ worth of NFP results have each surprised to the upside, keeping USD well bid consequently. With...
5 months ago
NFP Preview: September US rate cut in the bag?
Fed leaves rates unchanged but signals possible September cut Incoming US jobs report likely to shape expectations NAS100: NFP sparked moves of ↑ 1.5% & ↓ 0.7% over past year Gold: ↑ 2% this week, ready to retest records? USDInd: Trapped in range,...
2 months ago
USD/CAD Price Forecast: USD Bulls Eye Breakout as DXY Shakes Off Post FOMC Haze
The Federal Reserve left interest rates unchanged, but the statement acknowledges a moderating job market and slightly elevated inflation, opening the door for a potential September rate cut. The US Dollar initially weakened after the FOMC meeting but ha...
2 months ago
Week Ahead: US jobs report to spark market frenzy again?
Economists predict August jobless rate will ease back down to 4.2% Lowered recession risks should mean slower Fed rate cuts Sturdier jobs market could boost gold, US stock indexes to new record highs Repeat of manic volatility from July NFP co...
1 month ago
USDCAD: Tests resistance ahead of BoC decision
USDCAD ended August ↓ 2.3% BoC decision + US jobs report = volatility? Traders fully priced in 25 bp cut by BoC this week Bloomberg FX model: 74% - (1.3400 – 1.3675) Key technical levels - 1.3550 & 1.3600 After tumbling over 2% in August, the USDCAD...
1 month ago
Bitcoin: Holds breath as US jobs data looms
Bitcoin ↓ 4% in September Pressured by US recession fears & ETF outflows Over past 12 months NFP triggered moves of ↑ 2.6% & ↓ 1.8% Cryptocurrency space may see heightened volatility on Friday Key technical level - $55,000 Could Bitcoin be prep...
1 month ago
All targets reached: Gold, USDInd, US500 index
Friday’s NFP report: mixed data sparked initial market confusion Jobless rate edged lower, but hiring also slowed in August Odds for 50-bps Sept Fed rate cut now down to 26% from 40% Now, US500 and US dollar indexes up; gold still lower, as pr...
1 month ago
All targets reached: Gold, USDInd, US500
Friday’s NFP report: mixed data sparked initial market confusion Jobless rate edged lower, but hiring also slowed in August Odds for 50-bps Sept Fed rate cut now down to 26% from 40% Now, US500 and US dollar indexes up; gold still lower, as pr...
1 month ago
Week Ahead: All that glitters isn’t always gold…
Silver ↑ 33% since start of 2024 83% correlation with gold over past 5 years Supported by Fed cut & industrial demand Over past year US NFP triggered moves of ↑ 2.2% & ↓ 2.6% Bloomberg FX model – 70% - ($30.14 – $33.41) The week ahead is stacke...
2 weeks ago