NFP expected to rise by 62K in April amid firmer wage growth

NFP expected to rise by 62K in April amid firmer wage growth

The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for April on Friday at 12:30 GMT.  Investors will scrutinize the underlying details of the employment report to assess whether the Federal Reserve (Fed) is likely to consider an interest-rate cut later in the year.  What to expect from […]

US Dollar Index slips to near 98.00 as renewed US-Iran tensions de-escalate

US Dollar Index slips to near 98.00 as renewed US-Iran tensions de-escalate

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after registering modest gains in the previous day and trading around 98.20 during the Asian hours on Friday. The Greenback softens amid improving market sentiment driven by the de-escalation of renewed tensions in the […]

EUR/USD edges higher above 1.1700 on US-Iran peace optimism, US NFP data looms

EUR/USD edges higher above 1.1700 on US-Iran peace optimism, US NFP data looms

The EUR/USD pair posts modest gains around 1.1730 during the early Asian session on Monday, supported by growing optimism surrounding a potential US-Iran peace deal. Markets might turn cautious later in the day ahead of the highly-anticipated US Nonfarm Payrolls (NFP) report for April.  The US President Donald Trump administration has been waiting for Iran […]