NFP expected to rise by 60K in March as markets assess Fed rate path
The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for March 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 hike later in the year. Still, the immediate market […]
Australian Dollar gains traction ahead of US jobs report
The AUD/USD pair gains ground near 0.6900 during the early European trading hours on Friday. Hawkish tone from the Reserve Bank of Australia (RBA) underpins the Australian Dollar (AUD) against the Greenback. Trading volumes are likely to be thin due to the Good Friday holiday. Traders will keep an eye on the US March jobs […]
NZD/USD declines to near 0.5700 on weak Chinese PMI, US NFP data looms
The NZD/USD pair extends the decline to a near four-month low around 0.5710 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) on the downbeat Chinese economic data and heightened geopolitical tensions in the Middle East. Trading volumes are likely to be thin due to the […]
Oil price rise is quite serious, everything depends on how long it lasts
Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that he is concerned about the timing of rising oil prices, stating that they could hinder efforts to reduce inflation. Key quotes Oil price rise is quite serious, everything depends on how long it lasts. If extended period of oil price rise, will see it […]
NZD/USD weakens as Iran war tensions rise
The NZD/USD pair is trading around the 0.5710 region, maintaining a bearish tone amid heightened geopolitical tensions and risk aversion, as the US Dollar (USD) strengthens. The Greenback remains well supported after Donald Trump signaled a more aggressive stance toward Iran, warning that additional weeks of conflict are likely. Reports also suggest that Iran is […]
Trade deficit surge and 2026 outlook – RBC
Royal Bank of Canada (RBC) analysts note Canada’s trade deficit widened sharply in February to CAD 5.7 billion, far above expectations, as both exports and imports jumped. They highlight one-off Gold imports, stronger equipment and consumer goods demand, and surging motor vehicle exports. RBC expects March’s nominal deficit to narrow and sees 2026 trade as […]
Payroll gains have been pretty weak
Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, said that the Fed should not let balance sheets distract them from their main mission. Logan also claimed that central bank balance sheet growth isn’t bad if it meets the public’s need during a speech at her bank on Thursday. Fed should not let […]
Yield spreads and policy risk cap upside – MUFG
MUFG’s Lee Hardman argues the US Dollar’s response to the Middle East-driven energy shock has lost momentum. He cites lingering optimism about a relatively quick end to the conflict, a higher US policy risk premium, and yield spreads moving against the Dollar as key factors. Fed officials signal rates may stay on hold while markets […]
Australian Dollar underperforms as revived Mideast risks drag risker assets
The Australian Dollar (AUD) trades lower against its major currency peers, is down 0.75% to near 0.6875 against the US Dollar (USD) during the European trading session on Thursday. The antipodean faces intense selling pressure as fears that the war in the Middle East will last long have revived the risk-off impulse, following United States […]
Euro stands tall above 0.8700 in risk-off markets
EUR/GBP’s reversal from one-month highs at 0.8740 found buyers right above 0.08700 on Wednesday, and the pair has trimmed losses on Thursday, returning to the 0.8720 area at the time of writing. The Euro (EUR) seems to be faring better than the British Pound (GBP) amid the risk-averse market mood, and keeps the bullish bias […]
