Nonfarm Payrolls are expected to rise by 130K in May, down from the 177,000 increase recorded in April. The United States Bureau of Labor Statistics…
GBP/USD remains close to recent peaks as the Greenback remains off-kilter. US ADP jobs softened much faster than expected on Wednesday, knocking back investor sentiment.…
Bank of England (BoE) policymaker Catherine Mann is testifying on the May Monetary Policy Report (MPR) before the UK Parliament’s Treasury Select Committee (TSC) on…
“The UK labor market has been more resilient than expected,” Bank of England (BoE) policymaker Catherine Mann said on Wednesday. Additional quotes Worried that household…
The Pound Sterling faces pressure against its peers due to new data showing the UK labor market is cooling. Soft UK labor market data paves…
AUD/USD jumps to near 0.6500, the highest level seen in five months. The victory of the Australian Labor Party has strengthened the Australian Dollar. Investors…
The US Dollar Index trades slightly higher, reversing part of Monday’s pullback. Larger trend remains bearish despite modest intraday gains and mixed sentiment. Technicals show…
USD/CAD climbs to near 1.4380 after the release of the US/Canada employment data for February. The Canadian Dollar weakens as the economy barely added fresh workers…
DXY weakens further amid rising job cuts and trade deficit concerns. Challenger Job Cuts report shows layoffs surged over 100% in February. ECB cuts rates…
DXY drops over 2.5% this week as selling pressure intensifies. ADP employment data misses expectations, showing hiring slowdown. ISM Services PMI beats forecasts, signaling economic…