NFP

Pound Sterling (GBP/USD) News and AnalysisUK Fiscal proposals to be submitted to the OBR this morning - tax hikes and spending cuts are reported to be detailed thereinGBP/USD rising on dollar weakness ahead of UK GDP and US CPI data…

The first trading week of the month started with US stocks bouncing hard from their 2022 lows. Also, the US dollar gave up some of its gains. Much has been discussed about the impact of the negative impact of a strong…

Australian Dollar Talking PointsAUD/USD is under pressure as Federal Reserve Chairman Jerome Powell offers a hawkish forward guidance while speaking at the Kansas City Fed Economic Symposium, and the US Non-Farm Payrolls (NFP) report…

RAND TALKING POINTSCommodity prices buoying rand.ZAR remains stable awaiting NFP stimulus.USD/ZAR FUNDAMENTAL BACKDROPThe South African randheld up against the greenback after global markets feared U.S. House Speaker Nancy Pelosi’s…

Market sentiment continued to brighten this past week as traders rolled back bets on the Federal Reserve’s rate hike path. The benchmark S&P 500 closed July with a gain of over 9%, its best monthly performance since late 2020. A…

Australian Dollar Talking PointsAUD/USD trades to a fresh yearly low (0.6761) in July even as the Reserve Bank of Australia (RBA) delivers another 50bp rate hike, and the exchange rate may face headwinds later this week as the US…

GOLD TALKING POINTSStrengthening dollar could disrupt gold upside.NFP in focus later today.Price action points to impending gold weakness. XAU/USD FUNDAMENTAL BACKDROPGold is taking a breather as we enter the European session (after…

Employers may not be posting as many new job openings as they were late last year, and at the margin, more Americans are claiming unemployment benefits than were at the start of this quarter… This month’s US jobs report comes at a bit…

Fundamental Forecast for the US Dollar: NeutralInterest rate differentials have narrowed among the major currencies, undercutting a key source of US Dollar strength in recent months.Incoming US economic data won’t do any favors for the…

EUR/USD has rebounded back to the 1.0550 area and is eyeing a test of short-term range highs near 1.0600. But trade in FX markets remains cautious ahead of this week’s Fed meeting and official US jobs report…