Gold

Friday’s nonfarm payrolls report saw the US unemployment rate falling to the lowest levels since 1969. Data from the labor department showed that the unemployment rate fell to 3.6% from 3.8% in March. Payrolls rose 263,000 in April while…
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A busy day for traders today will see some high ticket events. The official payrolls report for April will be coming out. Economists forecast an increase of 181k jobs during the month with the US unemployment rate holding steady at 3.8%.…
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The latest monthly private payrolls data from ADP/Moody’s Analytics showed that employers added 275k jobs in April. This beat estimates of a 181k increase. Numbers for March were revised higher to 151k. However, ADP reports that most of…
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The early Asian trading session today saw the release of the first quarter employment report. New Zealand’s unemployment rate fell slightly to 4.2% as forecast from 4.3% previously. The quarterly employment change fell 0.2% missing…
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The US dollar extended declines for a second consecutive day. Economic data on the day was focused on the PCE and personal spending income reports. The Fed meeting due on Wednesday is also weighing on the USD. Meanwhile, the US and China…
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Expect trading to remain mixed and volatile. Preferred trade is to sell into rallies.
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The US dollar was lifted by the durable goods orders report on Thursday. Data showed that durable goods orders rose 2.7% on the month beating estimates strongly. The USD held steady early into Friday’s trading session. The first quarter…
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The Bank of Canada’s monetary policy meeting yesterday saw the interest rates unchanged at 1.75%. However, the central bank cut the GDP forecasts for Canada from 1.7% to 1.2% for 2019. The BoC was optimistic that growth would pick up in…
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The USD traded higher on Tuesday, rising to a six-week high. The new home sales report showed a 4.5% increase on a month over month basis, beating estimates of 645,000. New home sales rose to 692,000 in March. February’s figures were…
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