Gold prices stayed the same on Thursday morning in Asia.
The U.S. Federal Reserve decided not to change interest rates.
There is still no clear idea about future U.S. interest rate changes.
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
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.