Powell’s Testimony: The US Federal Reserve Chairman, Jerome Powell, will speak before Congress soon. Trade War Impact: US President Trump’s trade war is affecting financial markets. EUR/USD Weakness: The Euro is losing value against the US Dollar. Market Mood: The EUR/USD pair is ending the week
WEEKLY MARKET OUTLOOK (10-14 FEBRUARY Upcoming Events: Monday: NYFed Inflation Expectations Tuesday: US NFIB Small Business Optimism Index, Fed Chair Powell Testimony Wednesday: US CPI, Fed Chair Powell Testimony, BoC Meeting Minutes Thursday: Japan PPI, UK GDP, Switzerland CPI, US PPI, US Jobless Claims, New Zealand Manufacturing PMI Friday: US
The US dollar is getting stronger on Friday. The US added fewer jobs in January than expected. Because of this, EUR/USD dropped to around 1.0350
US TRADE WAR AND POWELL’S TESTIMONY UNDER FOCUS Jerome Powell’s upcoming testimony before Congress is a key event. US trade war tensions have dominated market sentiment. EUR/USD trades near 1.0370, showing little change from last week. Lower lows are expected for EUR/USD in the coming
The US Dollar is getting stronger. Because of this, the British Pound (GBP) is losing value against the US Dollar (USD). GBP/USD is now near 1.2420, which is the lowest point of the day. This happened after the US jobs report (NFP) for January was released.
GOLD WEEKLY FORECAST: XAU/USD REACHES NEW RECORD HIGH Gold hit a new all-time high above $2,880 this week. The rise is fueled by falling US T-bond yields. Fed Chair Jerome Powell’s testimony will be key next week. January US inflation data could impact Gold prices. Political news
Ondo Price Increase: Ondo's price is close to $1.38, an important resistance level. Possible Rally: If it stays above this level, the price may go up further. New Blockchain: Ondo launched "Ondo Chain," a new Layer 1 blockchain. Institutional Focus: This blockchain is designed for
IMF SUPPORTS BANK OF JAPAN'S MONETARY POLICY APPROACH IMF Deputy Managing Director Gita Gopinath backs the Bank of Japan’s gradual approach to raising interest rates. IMF sees positive signs of inflation moving towards the 2% target in Japan. Service sector inflation remains below the target, according to
Canada's job market did better than expected in January. The country added 76,000 jobs, much higher than the expected 25,500 jobs. In December, 90,900 jobs were added. This shows strong job growth in Canada.
The US government will release job data for January. This data includes job growth (NFP), unemployment rate, and wage changes. Traders are also watching Canada’s job market data. Comments from central bank officials will be important too.
MARKET-BASED PROBABILITY OF JUNE FED RATE CUT DROPS Probability of a June Fed rate cut drops to just over 50%. UMich data shows a significant increase in year-ahead consumer inflation expectations. Market sentiment reflects a shift in expectations regarding future rate cuts.
CANADA JANUARY EMPLOYMENT REPORT BEATS EXPECTATIONS Canada added 76,000 jobs in January, well above the 25,000 estimate. The December employment change was revised sharply higher to 179,100. This marks the 3rd consecutive monthly gain (November: +44,000, December: +91,000). Unemployment rate fell to 6.6% from