GBP/USD trades with marked gains on Friday, now giving away some gains following an earlier surpass of the key 1.3500 yardstick. Indeed, Cable gathers fresh steam amid the strong offered stance in the Greenback, all after US NFP badly missed expectations in July.
Prior was +57K (revised to +20K) Two-month net revision -103K May was +129K Unemployment rate 4.1% vs 4.2% expected Prior unemployment rate 4.2% Unrounded unemployment 4.0900% vs 4.1889% prior Participation rate 61.4% vs 61.5% prior U6 underemployment rate 7.9% vs 7.9% prior Average hourly earnings +0.1% m/m vs +0.3% expected Average hourly earnings +3.2% y/y vs +3.5% expected Average…
GBP/USD trades with marked gains on Friday, now giving away some gains following an earlier surpass of the key 1.3500 yardstick. Indeed, Cable gathers fresh steam amid the strong offered stance in the Greenback, all after US NFP badly missed expectations in July.
The US non-farm payrolls report pointed to an economy significantly worse than believed. The data showed the economy shedding 23K jobs in July, far worse than +80K expected and below any estimates in the survey of economists. Worse yet, the prior two reports were revised lower by a combined 103K jobs dropping the three-month average to just 20K jobs….
Standard Chartered’s Jonathan Koh and Edward Lee now expect Bangko Sentral ng Pilipinas (BSP) to keep its policy rate unchanged at the 27 August meeting, abandoning a previously projected hike. The bank trims its 2026 Gross Domestic Product (GDP) growth forecast to 3.5% and lowers Consumer Price Index (CPI) expectations, while still projecting rate cuts in 2027 once inflation…
2026.08.07 2026.08.07 Dollar Heads for Weekly Gain as Markets Await Key Jobs Data. Forecast as of 07.08.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Kevin Warsh’s reserved communication style leaves investors searching for signals in the economic data, increasing uncertainty and market volatility. The upcoming employment report could become the next major catalyst. Let’s examine the outlook and develop a trading plan for the…
The Globe & Mail is out with a somewhat optimistic report on the Canadian trade situation and, in turn, the Canadian dollar. It highlights trade negotiations that are currently ongoing between the US and Canada, and appear to be in the final stretch. It says: Canada would address a long list of US trade irritants in exchange for sectoral…
The British Pound retreats against the Japanese Yen, down about 0.24%, as the Yen is poised to end the week on a higher note. However, GBP/JPY is poised to finish the week with minimal gains, trading at 212.64. GBP/JPY Price Forecast: Technical outlook The GBP/JPY trades sideways, though slightly tilted to the downside, following an intervention in the FX…
2026.08.07 2026.08.07 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 07.08.2026 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. Ripple appears to be approaching a trend reversal. The article covers the following subjects: Major Takeaways BTCUSD: The price continues to decline in the fifth part of an impulse. Consider…
Gold posted its biggest week since January, oil gapped through three published levels, and the 28% base case failed every trigger leg. Full grade inside.
