Key points: Brent crude futures fell to $79.58, and WTI crude futures dropped to $75.49 per barrel. Strong US jobs data pushed out expectations for interest rate cuts, strengthening the US dollar. Call for snap legislative elections by Macron adds …
Key points: US nonfarm payrolls exceed expectations with 272,000 new jobs in May. Strong job gains complicate the trajectory of the anticipated rate cut by the Federal Reserve. A high interest rate prospects boost the US dollar and impact gold …
Key points: Brent crude futures rise to $79.89 per barrel; WTI crude futures reach $75.59. Oil prices supported by reassurance from Saudi Arabia and Russia about potential adjustments to supply agreements. Prices set for the third consecutive week of declines …
Key Points: Nvidia surpasses Amazon and Apple to become the second-largest US company. Shares of Nvidia close at a record $1,224.40, bringing the company to a market cap of $3.01 trillion. Elon Musk orders thousands of AI chips from Nvidia, …
Key points: Weaker labor data could boost gold prices, according to analysts. The U.S. non-farm payrolls data is due at 1230 GMT. Gold is expected to reach another record high this year. Gold prices held steady on Friday and were …
Key points: The dollar index (DXY) remains close to an eight-week low ahead of a significant U.S. jobs report. Traders anticipate weaker jobs growth, which could influence future Federal Reserve rate cuts. The dollar hovered close to an eight-week low …
Key points: ISM services report shows higher business activity and faster new orders growth. The US dollar sees a slight recovery but remains under pressure ahead of Friday’s NFP report The latest Institute for Supply Management (ISM) services report revealed …
Key points: S&P 500 and Nasdaq indexes hit record closing highs, driven by technology stocks. Private payrolls data shows slowdown in May, indicating potential for Fed rate cuts. On Wednesday, the S&P 500 and Nasdaq indexes soared to record closing …
Key points: ECB expected to announce a 25-basis point interest rate cut on Thursday, the first since 2019. EURUSD is likely to face downward pressure with such a dovish stance from the ECB. The European Central Bank (ECB) is poised …
Key points: Bank of Canada cuts interest rates for the first time in four years, signaling more to come. Canadian dollar (CAD) experiences mixed performance against other currencies following rate cut. Homeowners across Canada are breathing a sigh of relief …
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