FX MARKET DISAGREES WITH FIXED INCOME MARKET POST-NFP DATA The US dollar is falling after the mixed Nonfarm Payrolls report. The data showed softer headline growth, lower unemployment, and wage increases due to benchmark revisions. US bond yields rose by 4-5 basis points, signaling bearish sentiment. Despite rising yields, the
Bitcoin Price: BTC is around $104,000 on Friday. Recent Bounce: It rebounded from its 50-day Exponential Moving Average earlier this week. Nvidia’s Drop: Nvidia’s stock fell this week because of DeepSeek. Bitcoin Impact: This affected Bitcoin’s price, as explained by K33 Research.
US NONFARM PAYROLLS RISE BY 143,000 IN JANUARY, BELOW EXPECTATIONS US Nonfarm Payrolls increased by 143,000 in January, below the 170,000 forecast. December’s NFP was revised up to 307,000 from 256,000. The Unemployment Rate dropped to 4% from 4.1%. The Labor Force Participation
GOLD FOCUSES ON RECORD HIGHS AND US NONFARM PAYROLLS Gold price is going up again after a short break. It is reaching new record highs. Investors are careful before important US job data (Nonfarm Payrolls) is released.
GOLD PRICES RISE AHEAD OF US NONFARM PAYROLLS DATA Gold prices climbed in Asian and European trading, staying near record levels. Safe-haven demand increased due to U.S.-China trade tensions and fears of renewed Middle East conflict. A weaker US dollar also supported gold's rise. Gold is
USD/JPY HOLDS BOUNCE, BUT UNCERTAINTY REMAINS USD/JPY rises 0.4%, trading near 152.00 after touching a low of 150.95 earlier. The dollar shows limited strength against other major currencies. Yen pairs are the only significant movers in European trading, with eyes on the US jobs report.
Bitcoin's price went above $98,000 after dropping 5% in the past two days. Eric Trump supported adding Bitcoin to WLFI, a crypto platform linked to his family. This support may have helped Bitcoin’s price recover.
Bonk Price Update: The price of Bonk went down by 5% this week but is now recovering slightly. Token Burn Announcement: Bonk will burn 2.02 trillion tokens. Reason for Burn: This burn is to celebrate the BONKdragon event and the 2025 Lunar New Year.
GLOBAL CENTRAL BANKS LOWER RATES, FED REMAINS CAUTIOUS The Reserve Bank of India cut its repo rate by 25 basis points on Friday. The Bank of England and European Central Bank also lowered rates by 25 basis points in January. Many economies are entering a lower-rate environment to stimulate growth.
ECB OFFICIALS DISCUSS INFLATION AND MONETARY POLICY ECB Vice President Luis de Guindos expects inflation to start converging to the 2% target by spring. Services inflation remains the main concern; a cautious monetary policy approach is necessary. ECB Chief Economist Philip Lane states that the 2% inflation target will be
FRANCE DECEMBER TRADE BALANCE DEFICIT NARROWS France's December trade balance deficit was €-6.6 billion, better than the expected €-7.1 billion. The prior month's deficit was €-7.1 billion. Exports fell by 0.4%, while imports grew by 0.1% month-on-month. For 2024, the overall
XAU/USD CORRECTING FROM OVERBOUGHT LEVELS XAU/USD is currently priced at $2,853, down from record highs of $2,882.35. The US Dollar gained strength due to a dovish rate cut from the Bank of England. Improved market sentiment puts pressure on gold, though investor optimism remains low.