Quotes from Western Union:- A decent set of weekly jobless claims figures helped the dollar recover further from Wednesday's dovish Fed minutes. Another sub- 300,000 print (283K officially) of weekly jobless claims highl…
- A decent set of weekly jobless claims figures helped the dollar recover further from Wednesday's dovish Fed minutes. Another sub- 300,000 print (283K officially) of weekly jobless claims highlighted the strengthening trend in the labor market.
- It bears noting that the minutes from the Fed's late January meeting took place before the January jobs report which topped forecasts with strong hiring in excess of 250,000.
- Any attempt by the dollar to revisit recent 11-year highs look a bit trickier with the Fed appearing less likely to hike rates anytime soon amid wariness over low inflation and global uncertainty.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
