Gold prices may fall if US non-farm payrolls data surprises higher, boosting the US Dollar. Retail traders boosted XAU/USD long bets, further adding to a pessimistic outlook. Read More
The US Non-Farm Payrolls (NFP) report may fuel the recent weakness in EUR/USD as the update is anticipated to show a further improvement in the labor market. Read More
The Federal Reserve’s warning that it would not break from its tightening course has carried over for risk assets like the S&P 500 and the Dollar. The echoes of the FOMC decision were felt in the GBPUSD’s response to the BOE decision and today’s NFPs will likely exhibit the same. Read More
The S&P 500 extends the Fed-induced sell-off on Thursday as traders bet that the central bank’s terminal rate will have to drift higher to slow inflation despite mounting recession risks. Read More
<p class=”MsoNormal”>The European New Exchange Technology (Euronext), a Pan-European exchange, returned a flat revenue from its spot forex marketplaces at the end of the third quarter of 2022. </p><p class=”MsoNormal”>The exchange’s revenue from the market came in at €7.3 million, <a href=”https://www.financemagnates.com/institutional-forex/euronext-sees-solid-quarter-as-revenue-jumps-14-to-3747m/”>the same result</a> posted at the end of the second quarter of the year. However, compared to Q3 2021, […]
The risk-sensitive Australian Dollar fell nearly 1% against the US Dollar as recession bets rose overnight. Asia-Pacific traders may trade cautiously ahead of tomorrow’s US jobs report. Read More
The FOMC created turmoil for stocks after Fed Chair Jerome Powell announced that higher rates are likely to remain. As the US Dollar rips higher, Dax, Dow and FTSE fall. Read More
Bitcoin prices have bounced back after a temporary retest of $20039. With rising US yields and a strong USD driving sentiment, how long can the range hold? Read More