US Dollar Forecast: US Dollar: Rates-Driven Trend Complicated by Geopolitical Jitters The US Dollar has scope to continue building on a two-week recovery as Fed policy bets turn favorable but geopolitical jitters complicate the outlook. British Pound Forecast: Sterling to Extend Losses on Slowing UK CPI, Average Weekly Earnings The British Pound may face further losses in the week ahead as the economic docket is anticipated ...
U.S. Non-Farm Payrolls report on Friday showed a gain of only 98K but the underlying metrics were strong with the headline unemployment rate falling to 4.5%, its lowest reading since mid-2007. The under-employment rate (U6) also saw an outsized downtick to the tune of 8.9% from 9.2%. Gold spiked on the release only to reverse sharply early in the US session. Heading into next week, the trade remains vulnerable sub-1258 with interim support ...
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