GBP/USD Forecast: US Jobs Report Sparks Dollar Rally
Demand for the dollar increased last week due to geopolitical tensions. The US economy added 254,000 jobs, well above the estimate of 140,000. Markets estimate a 95% chance of a…
Demand for the dollar increased last week due to geopolitical tensions. The US economy added 254,000 jobs, well above the estimate of 140,000. Markets estimate a 95% chance of a…
The dollar rose to new highs on Friday after the NFP report. There is a 95% chance that the Fed will implement a small cut in November. The yen remained…
The US NFP report showed stronger than expected job growth. Powell dashed hopes for a huge rate cut. The dollar gained in safe-haven demand as tensions in the Middle East…
Powell's hawkish speech dashed hopes for a 50 bps rate cut in November. Data from the US showed a tight labor market. Tensions in the Middle East have increased demand…
US services PMI data came in at 54.9, well above the forecast of 51.7. Market participants estimate a 65% chance of a rate cut of 25 basis points in November.…
The yen rallied slightly on Friday, but is headed for a loss of over 2.5% for the week. Consensus estimates point to an increase in US employment of 148,000 in…
Bank of Japan policymakers changed their tone to be less hawkish. Most economists expect the central bank to reduce borrowing costs before the end of the year. The dollar rose…
BoE Governor Bailey said the central bank could become aggressive on tapering if inflation falls. US ADP nonfarm payrolls rose by 143,000 in September. Economists expect the US economy to…
Oil prices rose on Tuesday after Iran fired missiles at Israel. Canada's manufacturing business activity rose for the first time in seventeen months. The US dollar strengthened against most of…
Iran attacked Israel with missiles, intensifying the conflict in the Middle East. U.S. job creation data revealed better-than-expected labor demand. Data from the UK revealed a drop in factory activity…