Positive US-Nonfarm Payrolls may bring more rate hikes
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Amidst political shockwaves from Japan and the U.K., the Nonfarm Payrolls readings for June have increased by 372,000, significantly outperforming the market forecast of 268,000. Since this result does not align with market fears for a recession, the Federal Reserve will likely implement further mega rate hikes to combat inflation.
Meanwhile, Elon Musk opted to terminate the Twitter deal, as he claimed the lack of information provided by Twitter itself hindered his goal of removing all spam and fake accounts on the platform. As a result, the stock price (TWTR) decreased by 5.10%, losing over two U.S. dollars over the weekend.
EUR/USD closed at 1.0183, after recovering from a low of 1.0100, and the German ZEW Economic Sentiment index will be available tomorrow. As the British Parliament awaited the next political leader, GBP/USD recovered from 1.1933, then closed at 1.2027 with minor gains. AUD/USD had a choppy trading session to 0.6856, and just declined to 0.6828.
Gold futures markets were mostly quiet, and little change was recorded at $1,741 an ounce. Although U.S. oil futures settled at 104.79, they were climbing slowly. The U.S. 10-year Treasury yield bonds advanced a further 8.8bps to 3.082%.
More information on Mitrade website.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
XAU ▶️
WTI 🔼
Amidst political shockwaves from Japan and the U.K., the Nonfarm Payrolls readings for June have increased by 372,000, significantly outperforming the market forecast of 268,000. Since this result does not align with market fears for a recession, the Federal Reserve will likely implement further mega rate hikes to combat inflation.
Meanwhile, Elon Musk opted to terminate the Twitter deal, as he claimed the lack of information provided by Twitter itself hindered his goal of removing all spam and fake accounts on the platform. As a result, the stock price (TWTR) decreased by 5.10%, losing over two U.S. dollars over the weekend.
EUR/USD closed at 1.0183, after recovering from a low of 1.0100, and the German ZEW Economic Sentiment index will be available tomorrow. As the British Parliament awaited the next political leader, GBP/USD recovered from 1.1933, then closed at 1.2027 with minor gains. AUD/USD had a choppy trading session to 0.6856, and just declined to 0.6828.
Gold futures markets were mostly quiet, and little change was recorded at $1,741 an ounce. Although U.S. oil futures settled at 104.79, they were climbing slowly. The U.S. 10-year Treasury yield bonds advanced a further 8.8bps to 3.082%.
More information on Mitrade website.