Gold price rallies to $3,350 after weak US Nonfarm Payrolls report shows just 73K jobs added in July. May–June payrolls revised down by 258K; labor market turmoil supports Fed doves’ push for cuts. Fed funds futures now price 76% odds of a 25 bps rate cut in September. ISM Manufacturing PMI shows sector remains in recessionary territory; UoM Consumer…
After last week’s jobs report sent shockwaves through markets and Trump’s tariff blitz left everyone scrambling, this week promises to be equally eventful. Here’s what to look out for.
Goldman Sachs has maintained its Brent crude price forecasts, expecting an average of $64 per barrel in Q4 2025 and $56 in 2026. However, the bank warned that downside risks to oil demand are increasing, driven by rising U.S. tariffs, the threat of further trade measures, and weaker-than-expected economic data in the United States. According to Goldman, signs of…
After flagging a Dow breakdown alert, the broader market finally heeds the warning—this selloff was written on the wall days ago. Introduction Thursday’s rally fizzled as all three major U.S. equity futures hit resistance at their respective “micro 5” upper-channel pivots—Dow at 45,303, Nasdaq at 23,760.75, and S&P 500 at 6,459—only to reverse sharply. By mid-Friday, bears were firmly…
A new research paper from the Reserve Bank of New Zealand (RBNZ) explores how businesses set prices and how this behaviour affects inflation—both now and in the future. Key Findings: Price-setting is a major driver of inflation: The way firms adjust prices for goods and services plays a critical role in determining the pace and persistence of inflation. Recent…
WTI Crude Oil falls over 3% intraday on Friday but remains up 2.25% for the week. Geopolitical volatility spikes after US President Trump announces the deployment of nuclear submarines near Russia. Technically, WTI remains trapped in a symmetrical triangle with the price now approaching the lower boundary. West Texas Intermediate (WTI) Crude Oil is under pressure heading into the…
The U.S. economy is on the verge of a recession, according to Mark Zandi, Chief Economist at Moody’s Analytics, who issued a stark warning following a raft of disappointing economic data last week. Zandi said the latest indicators point to a stalling economy, with consumer spending having flatlined, construction and manufacturing sectors slipping into contraction, and employment poised to…
The Dow Jones tumbled over 1.85% on Friday peak-to-trough. US NFP jobs figures came in well below expectations alongside steep revisions. A shuddering labor market has reignited hopes for more Fed rate cuts soon. The Dow Jones Industrial Average (DJIA) plummeted almost 2% top-to-bottom on Friday, falling over 800 points from Thursday’s closing bids at its lowest point. Equity…
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week. Indicative rates: EUR/USD 1.1588 USD/JPY 147.28 GBP/USD 1.3280 USD/CHF 0.8050 USD/CAD 1.3775 AUD/USD 0.6478 NZD/USD 0.5925 Not too much change from late Friday. Weekend posts: Fed’s Williams say’s he’ll have “very much an open mind” on September meeting rate cut…
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