Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida. Joe Raedle | Getty Images The unemployment rate for women in the white, Black and Hispanic racial groups rose in June in line with the overall trend, according to data released Friday by
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The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of Samsung Electronics jumped to their highest level since January 2021 after the South Korean tech giant said it expects
Gold extends its positive run as the probability of the Federal Reserve lowering interest rates increases. A run of weak data from the US indicates inflationary pressures are waning, and interest rates could fall. The US Dollar weakens, adding a backwind to Gold, as counterparts in Europe strengthen on diminishing political risk. Gold (XAU/USD) rises
Fundamental Overview The USD yesterday weakened across the board following soft US Jobless Claims and ISM Services PMI reports. Overall, the data didn’t change much in terms of interest rates expectations, but it reinforced the view that the Fed is going to deliver at least two rate cuts by the end of the year. The
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The week witnessed gains of Rs 900 in gold prices while silver witnessed gains of Rs 2,300 in the same period. MCX gold August futures on Friday opened at Rs 72,455 per 10 grams and silver September futures contracts at Rs 92,171/kg. Gold and silver showed mild profit-taking in a thin-volume session. However, weakness in
Dollar’s broad-based decline continues in Asian session today as market attention shifts to the highly anticipated US Non-Farm Payroll data. Traders are eager to see a weak report on job and wage growth to reinforce the expectation that the Fed will initiate a rate cut in September. If these expectations are met, we could see
Gold prices edge up 0.15% amid thin trading on US Independence Day. XAU/USD reached a two-week high of $2,365 Wednesday, driven by weak US jobs data and heightened Fed rate cut expectations. Traders shift focus to Friday’s Nonfarm Payrolls report, following the US holiday closure. Gold prices registers minimal gains on Thursday amid thin liquidity
Fundamental Overview The USD yesterday weakened across the board following soft US Jobless Claims and ISM Services PMI reports. Overall, the data didn’t change much in terms of interest rates expectations, but it reinforced the view that the Fed is going to deliver at least two rate cuts by the end of the year. The
AI image What’s expected: Consensus estimate +190K (Goldman Sachs at the low at +140K, FAO Economics at the high at +250K) May +272K vs +185K expected Private +160K estimate vs +229K prior Unemployment rate consensus estimate: 4.0% vs 4.0% prior Participation rate: 62.5% prior Prior underemployment U6 7.4% Avg hourly earnings y/y exp +3.9% y/y
LONDON -Oil prices for Brent crude held above $87 a barrel on Thursday, near their highest level since late April after data the previous day showed a decline in U.S. inventories. Brent crude futures were down 29 cents, or 0.3%, at $87.05 a barrel by 1323 GMT. U.S. West Texas Intermediate (WTI) crude futures fell
Dollar remains subdued today, but selling momentum has turned weak. With US markets closed for the holiday, trading activity is expected to be light. Meanwhile, traders are also gearing up for tomorrow’s key US non-farm payroll data, which will be crucial. Further cooling in the job market and wage growth is needed to give Fed
Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida. Joe Raedle | Getty Images With signs building that the labor market is at least slowing if not something worse, the June nonfarm payrolls report takes on added significance. Payroll gains so far
Chance for the New Zealand Dollar (NZD) to retest the 0.6130 level, and a sustained break above this level appears unlikely. But, recovery in NZD could extend to 0.6150, UOB Group analysts Quek Ser Leang and Peter Chia note. Recovery in NZD may extend to 0.6150 24-HOUR VIEW: “Two days ago, NZD dipped to
The USDCHF moved lower after the weaker than expected US data today. However, after breaking below its 100-hour moving average at 0.90134, its 200 bar moving average on the 4-hour chart at 0.89972, support buyers came in against the key 100-day moving average at 0.89836. Recall from Friday last week and Monday’s trade this week,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Post the dovish comments of the Fed, gold prices rose a little over Rs 900 and opened at Rs 72,460 per 10 grams on Thursday, while silver gained over Rs 2,000 since the Fed’s commentary, opening at Rs 91,904/kg. Gold and silver posted solid gains after the Fed commentary and profit-taking in the dollar index.
Dollar faced significant selloff overnight as market participants ramped up bets on a September rate cut by Fed. This shift in sentiment propelled S&P 500 and NASDAQ to record highs too. However, the greenback managed to stabilize in Asian session as the forex markets quieted down in observance of US July 4 holiday. As noted