Markets Week Ahead: Fed, BoJ Rate Decisions, Nasdaq, Gold, Bitcoin
A week packed with high impact economic data and events, led by the latest monetary policy decisions by the Federal Reserve and the Bank of Japan.
US Dollar Jumps After NFPs Thump Expectations, Gold Hits a One-Month Low
The latest US NFP data defied fears of a weakening jobs market as 272k joined the workforce, easily beating market forecasts of 185k
NFP Preview: Is the US Job Market Finally Weakening?
Months of restrictive monetary policy have had little effect on the labour market but recent jobs data suggests we may be approaching a steady decline
ZAR Update: ANC Seeks Broad ‘Unity’ Government as Coalition Talks Continue
The South African Rand has surrendered a lot of ground as the uncertainty around the new coalition government hangs in the balance
US Dollar Slips Further, Gold Nudges Higher, Bitcoin Poised for a New ATH
US Treasury yields remain in a downtrend and that’s hurting the dollar. Gold continues to recover while Bitcoin eyes a new all-time high.
ECB Cuts Interest Rates Despite Upward Revisions to Inflation, Growth Forecasts
The ECB marked a historic moment, initiating a cutting cycle before the Fed. The euro rose on the back of upward revisions to both inflation and growth in 2024
British Pound (GBP) Latest – GBP/USD and EUR/GBP Technical Outlooks
Sterling continues to push higher against a range of currencies with GBP/USD eyeing a fresh three-month high and EUR/GBP a 22-month low.
US Dollar Sell-Off Stalls After Strong US ISM Services Report; NFPs Released on Friday
Strong ISM services data has helped to stem the recent US dollar sell-off with the business activity index seen at its highest level since November 2022.
BoC Cuts Rates as Inflation Settles into Target Range, CAD Weakens
The Bank of Canada cuts rates to 4.75% as inflation settles into the target range. Wages, house prices and geopolitical uncertainty still pose risks to the outlook. Dovish repricing seen in CAD
Gold (XAU/USD) Looking Technically Oversold, US Data, NFPs Key for Next Move
Gold is looking oversold according to one technical indicator, and any weak US data may see the precious metal turn higher in the short-term