Strong US jobs data has sparked dollar rallies and rate hike expectations, while geopolitical tensions and market volatility persist. Robust US Labor Market Drives Hawkish Rate Expectations The release of a “blowout” May Nonfarm Payrolls (NFP) report, featuring 172,000 jobs added against an 85,000 expectation, has fundamentally altered the economic narrative. This labor market resilience
A highly anticipated U.S. Nonfarm Payrolls report is approaching, giving gold traders another major data point to assess after months of volatility in XAUUSD. Elev8, a global Contract for Difference broker, has released a market update examining how gold may react to labour market data, geopolitical pressure, and shifting monetary policy expectations. The report comes
Bitcoin cryptocurrency can be expected to rise to the next resistance level 63750.00 (former strong support from March and February). Bitcoin reversed from round support level 60000.00 Likely to rise to resistance level 63750.00 Bitcoin cryptocurrency today reversed up from the support zone between the major round support level 60000.00 (which stopped the sharp downward
Ethereum cryptocurrency can be expected to rise to the next resistance level 2000.00 (former strong support from March and May). Ethereum reversed from support zone Likely to rise to resistance level 2000.00 Ethereum cryptocurrency today reversed up from the support zone between the strong long-term support level 1740.00 (which stopped the sharp downward impulse wave
The South Korean won continued its strong downward trend, reaching its lowest level since 2009, despite the ongoing Kospi Index surge. The USD/KRW exchange rate surged to 1,550, up sharply from the year-to-date low of 1,420. South Korean won, and the Kospi divergence continues The South Korean won and the country’s stock market have diverged
Financial markets remained volatile early Friday as investors awaited a closely watched employment report from the United States that is expected to provide fresh insight into labour market conditions and the outlook for monetary policy. The report will include Nonfarm Payrolls, the Unemployment Rate, and wage inflation data. Statistics Canada is also scheduled to release
Bitcoin Cash cryptocurrency can be expected to fall to the next support level 200.00 (which started the sharp uptrend at the start of 2024). Bitcoin Cash falls sharply Likely to fall to support level 200.00 Bitcoin Cash cryptocurrency recently broke sharply through the major support zone between the key support level 270.00 (which has been
The US Dollar strengthened against major currencies on Wednesday, supported by stronger-than-expected economic data and continued uncertainty surrounding negotiations between the United States and Iran. Investors are now turning their attention to key labour market data due later this week, including weekly jobless claims and the closely watched Nonfarm Payrolls report for May. The Dollar’s
The Japanese yen continued its downward spiral today as the US dollar rally gained steam, overriding predictions that the BoJ will hike interest rates twice this year. The USD/JPY exchange rate jumped to 159.88, its highest point since April 30th. It has now nearly completed its recovery since the BoJ intervened in April. US to
Overview: Ethereum remains under pressure, with ETHUSD continuing to trade within the descending trend channel that has guided the market lower since the early-May pullback. The cryptocurrency has struggled to generate meaningful upside momentum in recent weeks, as repeated recovery attempts have been met with selling interest. The broader technical structure continues to favor the