US LABOR MARKET SLOWS US ADP data shows a slowdown with just 77,000 jobs added in February, below expectations of 140,000. This marks a sharp drop from January’s 186,000 jobs. The weak data points to a cooling labor market, potentially influencing future Fed policy.
GBP/USD is rising and getting close to 1.2850. The US Dollar is weak because investors worry about slow US economic growth. Traders are waiting for important US economic data. Bank of England (BoE) Governor Bailey will give a speech, which may impact the market.
GOLD EASES AS TREASURY YIELDS, DOLLAR RISE; MARKETS GAUGE TRUMP TARIFFS Gold edges lower as a stronger U.S. dollar and rising Treasury yields put pressure on the metal. Markets closely monitor the potential impact of new U.S. tariffs.
USDCAD TECHNICAL ANALYSIS – LOONIE REMAINS UNDER PRESSURE AMID TARIFFS RISK USDCAD extends rally into the 1.45 handle amid tariffs risk. The USD is losing ground as markets expect three rate cuts by year-end. Recent US data misses expectations, adjusting growth forecasts. Trump’s tariffs policy increases likelihood of faster
EUR/USD stays strong around 1.0700 after gaining this week. Traders are waiting for important US economic data. US Dollar is weaker due to a better market mood. Euro is stronger because Germany plans to change debt rules.
US TREASURY SECRETARY BESSENT OUTLINES KEY ECONOMIC PLANS Bessent announces bank deregulation plans and lowering interest rates. US aims to become a major energy exporter. Focus on boosting small businesses and consumer confidence. Commitment to revitalizing bank lending.
SWISS INFLATION ACCELERATES FASTER THAN EXPECTED IN FEBRUARY Switzerland’s CPI rose 0.3% YoY in February, exceeding the 0.2% expected increase. The inflation rate slowed from 0.4% in January. Data from the Swiss Federal Statistical Office reveals a faster-than-expected inflation acceleration.
EUROZONE JANUARY UNEMPLOYMENT RATE 6.2% VS 6.3% EXPECTED Eurozone unemployment rate drops to 6.2% in January, better than the expected 6.3%. Previous rate revised from 6.3% to 6.2%. Despite economic softness, the labor market remains stable.
NVIDIA SHARES FALL 8.7% AMID CHINA CHIP SMUGGLING ALLEGATIONS Nvidia shares drop 8.7%, hitting the lowest close since September. Reports allege Nvidia’s AI chips are smuggled into China, bypassing US export restrictions. Investigations in Singapore involve Dell and Super Micro over suspected involvement.
AUD STAYS UNDER PRESSURE AMID GROWTH CONCERNS AUDUSD drops to yearly lows amid risk-off flows and tariffs risk. USD is wea kening as markets expect three rate cuts by year-end. Recent US data misses expectations, prompting growth forecast adjustments. Trump’s tariffs policy raises concerns, increasing the likelihood of faster
GOLD FLIRTS WITH ANOTHER 1% GAIN ON TUESDAY WITH TARIFF WAR ESCALATION Gold rises near 1% as Trump’s tariffs on China, Mexico, and Canada take effect. Canada imposes 25% retaliatory tariffs; China to levy 15% on US agricultural goods from March 10. US yields drop to a 5-month low
10-YEAR TREASURY YIELD SLIDES AS TRUMP TARIFFS TAKE EFFECT The 10-year Treasury yield drops by 1 basis point to 4.168%. The 2-year Treasury yield falls over 3 basis points to 3.945%. U.S. tariffs on Canada, Mexico, and China take effect, impacting yields. Yields and prices move inversely,