Unemployment Rate in Canada rose above 7% in August. USD/CAD trades little changed on the day…
Category: Forex
Gold rallies to record-high as weak NFP fuels dovish Fed outlook
Gold holds steady around $3,575, consolidating after touching a record high of $3,586 post-NFP. The US…
AUD/USD jumps to six-week high as weak US NFP cement Fed cut
AUD/USD hits 0.6588 peak after the US adds just 22K jobs in August, well below 75K…
We now expect a 50bps Fed cut in September – Standard Chartered
August non-farm payrolls rose just 22k, well below the 75k consensus; three-month average is now 29k.…
US Treasury Secretary Scott Bessent says the Fed must re-establish its credibility
United States (US) Treasury Secretary Scott Bessent warned that the Federal Reserve (Fed) must re-establish its…
WTI hits three-month low as OPEC+ meeting looms
WTI falls to $61.20, its lowest level since June 2, before stabilizing near $61.50. Markets brace…
Gold blasts to record $3,600 as weak NFP ignite Fed cut frenzy
XAU/USD rallies to a fresh all-time high after NFP miss, with unemployment rising and wage growth…
Swiss Franc rallies, US Dollar sinks after NFP miss drags USD/CHF to 5-week low
The Swiss Franc strengthens as USD/CHF drops below 0.8000 to its lowest since late July. Weak…
Fed’s Goolsbee remains undecided on September rate decision
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Friday that while sinking employment…
Canadian Dollar reverse bullish momentum, backslides further on Friday
The Canadian Dollar tumbled 0.65% against the US Dollar on Friday. Worse-than-expected NFP jobs data sent…