Nonfarm Payrolls Forecast: US December hiring to slow down, focus shifts to Fed policy
Economists expect the Nonfarm Payrolls report to show that the US economy added 160,000 jobs in December after witnessing a ...
USD/JPY: The pair is expected to trade with an upward bias – UOB Group
US Dollar (USD) is expected to trade in a range between 157.60 and 158.55. In the longer run, USD is expected to trade with ...
EU natural gas prices get weaker – ING
European natural gas prices came under further pressure yesterday. TTF fell by 1.26% to settle just below EUR45/MWh. This leaves total declines at more than 9% so far this week. The forecast for North ...
Fed's Musalem: Greater caution is warranted on reducing interest rates – WSJ
In an interview with the Wall Street Journal, St. Louis Federal Reserve President Alberto Musalem suggested that greater caution is warranted on reducing interest rates, per Reuters. Musalem added ...
NZD/USD: Sustained break below 0.5570 seems unlikely – UOB Group
Scope for the New Zealand (NZD) to test the 0.5570 level; a sustained break below this level seems unlikely. In the longer run, risk for NZD is beginning to shift to the downside, but it must break ...
Oil remains well supported – ING
Oil prices remain well supported with ICE Brent settling 1% higher yesterday, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Gold positions for a breakout ahead of December’s NFP report
Gold price heads to $2,680 ahead of Nonfarm Payrolls release. The Fed needs to balance recent inflation fears. Gold could be ...
GBP: UK Treasury eases market nerves – ING
The 10-year gilt stabilised around 4.80% yesterday, which has allowed the pound to partially recover after hitting a 1.224 low yesterday morning. What has helped calm market nerves was a comment by a ...
AUD/USD: Next support at 0.6150 is not expected to come under threat – UOB Group
AUD could retest the 0.6175 level; the next support at 0.6150 is not expected to come under threat. In the longer run, AUD must break and remain below 0.6180 before further weakness can be expected, ...
EUR/USD trades with caution as US NFP looms large
EUR/USD trades near the key support plotted from the September 2022 high of 1.0200 on the weekly chart. The outlook of the ...
CAD is pressured by the perceived risk of a US-Canada trade war – ING
Employment data for December is also released in Canada today, where expectations are for a slowdown in hiring to 25k and another tick-up in unemployment to 6.9%, ING’s FX analyst Francesco Pesole ...
USD/CAD extends winning streak ahead of US-Canada labor market data
The USD/CAD pair extends its winning spree for the fourth trading session on Friday ahead of the official employment of the United States (US) and Canada for December. The Loonie pair ticks higher ...