The GBP/USD pair has managed to stay above the 1.3100 mark, indicating that buyers are currently in control of the market. This is further confirmed by the Relative Strength Index (RSI), which is showing that the buyers are gaining momentum. The pair is now eyeing the 1.3200 resistance level, with the potential to challenge the
Recent data from the Labor Department revealed a decline in the number of Americans filing new applications for jobless benefits. This decrease in jobless claims suggests that layoffs are remaining low, which is a positive sign for the labor market. The report also indicated a reduction in unemployment rolls to levels last seen in mid-June.
As the EUR/USD pair hovers around 1.1077, investors are eagerly awaiting crucial employment data from the United States. The upcoming ADP private sector jobs report is expected to provide insights into market sentiment, setting the tone for the highly anticipated Nonfarm Payroll (NFP) report on Friday. The focus on employment indicators by the Federal Reserve
Visa has announced its plan to revolutionize the way people make payments by launching a dedicated service for bank transfers. This service will bypass credit cards and the traditional direct debit process, providing users with a more convenient and secure way to handle their transactions. With the increasing demand for digital payment solutions, Visa’s move
The spike in unemployment in July, as noted by Arch Capital Chief Global Economist Parker Ross, was attributed to temporary layoffs. This indicates that the increase in unemployment was not necessarily due to underlying economic weaknesses but rather a temporary disruption in the labor market. Ross suggests that if these layoffs were indeed temporary, a
The USD/JPY pair has experienced a slight uptick, reaching 145.95 recently. While this increase is a rebound from a two-week low, the current economic environment does not necessarily point towards a significant trend reversal. The upcoming US employment data for August is highly anticipated, with market participants anxiously awaiting its release. The figures are expected
When it comes to the financial markets, it is crucial to understand the importance of due diligence. The information provided on various websites, including general news, publications, personal analysis, and opinions, should only be used for educational and research purposes. It is not recommended to make any financial decisions based solely on this information. It
Silver price has been on a downtrend for the fourth consecutive day, currently trading at around $27.90 in the early European session. The decline of 0.55% is mainly attributed to the stronger US Dollar and concerns about Chinese demand. However, the market is anticipating support from potential Fed rate cuts which could limit further losses
The recent sell-off in Wall Street has led to a surge in the safe-haven Japanese yen, while riskier currencies like the Australian dollar and sterling have been struggling. This shift in market sentiment was triggered by soft U.S. manufacturing data, which has raised concerns about a potential hard landing for the world’s largest economy. Traders
Following a significant drop in Nvidia’s stock price, Asian semiconductor stocks experienced a decline during morning trading. The U.S.-based chipmaker, Nvidia, saw a sharp decrease of over 9% in regular trading, which subsequently influenced the semiconductor sector in Asia. This downward trend was part of a broader sell-off on Wall Street, triggered by concerns regarding
China’s urban landscape is experiencing significant fluctuations due to a combination of property struggles and U.S. sanctions. The Milken Institute’s recent report highlights the contrasting fortunes of various Chinese cities, with some thriving on Beijing’s tech advancements while others face challenges in the real estate sector. The latest edition of the index assesses large- and
The foreign exchange market, particularly the USD/JPY pair, is heavily influenced by a wide range of economic data, both domestically and internationally. Factors such as government policies, interest rates, inflation rates, and geopolitical risks play a crucial role in determining the direction of the exchange rate. In this article, we will delve into the recent