XAUUSD stills down $20 from daily high post-US jobs data
Gold price extends its gains to three straight weeks, up 0.54%. Stellar US jobs data exerts further pressure on the Fed, as next week CPI is eyed. US-China tussles add … Read More
Tag: UnitedStates
USD/CAD marches steady around 1.2880, after US manufacturing data
The USD/CAD ended the week almost flat amidst a volatile’s Friday session. Canada’s May GDP contracted by 0.2%, on its preliminary reading, a headwind for the CAD. US manufacturing data … Read More
A recession seems inevitable in 2023 – Rabobank
In the view of economists at Rabobank, the US is likely to avoid a recession this year. However, a recession seems inevitable in 2023. The inevitable recession “In the US, … Read More
Global equities have not reached “danger zone” levels yet – Goldman Sachs
Analysts at Goldman Sachs remain upbeat on the global equity markets, despite the recent correction, citing that “markets have reached “danger zone” levels yet.” “While it has not reached danger … Read More
ISM Services PMI falls to 62.0 in December vs. 66.9 expected
The headline ISM Services index fell to 62.0 in December from 69.1 in November. The New Orders subindex fell to its lowest since November. The Institute of Supply Management’s headline … Read More
XAU/USD climbs as the New York session winds down, steady at $1784
XAU/USD recovered as the New York session winds down, up 0.85%. The US 10-year Treasury yield plunged, down almost ten basis points, finishing the week at 1.358%. XAU/USD: A break … Read More
USD/JPY rallies to three-year highs above 114.00 amid risk-on market sentiment
USD/JPY soars during the week, despite US dollar weakness across the board. Rising US T-bond yields underpins the USD/JPY pair. US Retail Sales upwardly surprised, rose by 0.7%, more than … Read More
GBP/USD trims some of its weekly losses, clings to 1.3540’s
The risk-on market sentiment struck government bond yields and the US dollar. UK’s IHS Markit Manufacturing PMI came at 57.1, better than expected. US ISM Manufacturing PMI shows expansion in … Read More
Durable Goods Orders rose 1.8% in August vs. 0.7% expected
US Durable Goods Orders increased by 1.8% in August from -0.1% previous. The US Dollar Index holds steady near one-month tops, just below mid-93.00s. According to the data published by … Read More
S&P 500 and the Dow Jones finished the week with gains, the Nasdaq down in a rowdy week
The Dow Jones and the S&P 500 finished the day with gains of 0.1% each, while the Nasdaq was unchanged. Evergrande’s uncertainty will carry on throughout the weekend. Stocks rose, … Read More