USD/JPY rallied in a V-shaped reversal ahead of this week's non-farm payrolls (NFP) data, which is key to gauging the health of the US labor market. I predict that Friday's employment report will show modest job gains, reflecting continued economic stabilization. About 144,000 jobs are expected to be added, up slightly from 142,000 previously. This data will have...
The pound strengthened after a series of positive economic data. The UK's final GDP grew by 0.5% in the second quarter, beating expectations, while mortgage approvals hit 65,000, beating expectations of 64,000. The current account deficit narrowed to -28.4 billion pounds from -32.5 billion pounds previously, further supporting the pound. The strong figures gave...
This week's non-farm payrolls (NFP) data is key to gauging the health of the U.S. labor market. Economists expect Friday's employment report to show modest job gains, reflecting the economy's continued stabilization. Analysts expected about 144,000 jobs to be added, slightly higher than the previous estimate of 142,000. This data will have a significant impact on...
Bitcoin has begun a downward correction, signaling potential bullish momentum. I predict that hovering around the $63K support level, there are two possible scenarios: Immediate rally Target: 73K If the upside breaks above 67K, it could trigger a strong rally towards the 73K area, continuing the bullish momentum after the breakout. A pullback before the rally...
Gold remains under pressure today, currently trading around $2,643. Recent market sentiment has been a little cautious, investors are more on the sidelines, Powell will speak at the National Association for Business Economics. The speech was widely seen as further confirmation of the future direction of the Fed's monetary policy. The market is now pricing in a 52...