Dollar gains extend ahead of US jobs reading
The US dollar extended gains on Friday, with investors positioning ahead of a pivotal US jobs report expected to provide insights into the Federal Reserve’s policy trajectory. The greenback’s rise marked its strongest performance in weeks, buoyed by expectations of robust employment figures that could justify further tightening by the Fed. Currency markets reflected a […]
Ripple’s XRP plunges over 4% following funding rates decline
Ripple’s XRP took a sharp turn downward, shedding over 4% in value amid a significant drop in funding rates across major exchanges. The cryptocurrency, which had shown signs of stability in recent sessions, faced renewed selling pressure as sentiment among leveraged traders soured. Analysts suggest the decline in funding rates indicates a shift in market […]
Gold Steady After Three-Day Gain With US Payrolls in Focus
Gold prices steadied on Friday, holding gains after a three-day rally fueled by softer U.S. economic data. Investors are now closely watching the upcoming US nonfarm payrolls report, which is expected to provide crucial insights into the Federal Reserve’s next policy steps. Spot gold remained near $1,925 per ounce, with markets in a cautious stance […]
Oil Extends Gains as Falling Inventories Outweigh China Concerns
Oil prices extended their rally on Thursday, driven by declining U.S. crude inventories that signaled tightening supply, despite lingering concerns over China’s sluggish economic recovery. West Texas Intermediate (WTI) rose 1.2%, reaching $88.45 a barrel, while Brent crude climbed to $91.15, supported by signs of robust demand in the U.S. and a weaker dollar boosting […]
USD/CAD extends the rally above 1.4400, Canadian/US employment data in focus
The USD/CAD pair extended its rally beyond the 1.4400 mark on Friday, driven by persistent strength in the US dollar and cautious sentiment surrounding upcoming labor market reports. Traders are closely monitoring employment data from both the United States and Canada, which could set the tone for the currency pair’s next move. Market expectations for […]
Asian Stocks Slip with US Jobs Data in Focus: Markets Wrap
Asian stocks retreated as investors braced for the latest U.S. jobs data, a key indicator that could influence the Federal Reserve’s next moves on interest rates. Benchmarks across major markets in Asia showed declines, with technology and export-oriented sectors hit hardest amid rising uncertainty. The cautious sentiment reflected concerns that resilient employment figures might sustain […]
Gold hits four-week high as focus shifts to US Nonfarm Payrolls
Gold prices climbed to a four-week high on Thursday, supported by a weaker dollar and growing anticipation around the U.S. Nonfarm Payrolls report due Friday. Spot gold advanced 0.4% to $1,950.80 per ounce, while U.S. gold futures settled at $1,953.10. The dollar’s retreat has enhanced gold’s appeal as an alternative asset, further buoying investor sentiment. […]
WTI holds steady above $73.50 amid stronger US Dollar, potential supply disruptions
West Texas Intermediate (WTI) crude oil held steady above $73.50 per barrel on Thursday as a stronger US Dollar counterbalanced concerns over potential supply disruptions. The greenback’s resilience, driven by robust economic data, typically pressures crude prices by making the commodity more expensive for holders of other currencies. However, fears of supply interruptions provided underlying […]