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Canada: Gradual improvement outlook on labour market – RBC
Royal Bank of Canada (RBC) economist Claire Fan notes Canada’s labour market lost 42,000 jobs in August, partly reversing earlier gains and leaving modest year-to-date job growth. She emphasizes structural factors like demographics and weaker immigration as key drags.
Fri, Sep 4
United States: Solid jobs data support steady Fed – Commerzbank
Commerzbank’s Dr. Christoph Balz notes that the U.S. labor market surprised to the upside in August, with Nonfarm Payrolls and private sector jobs both rising strongly while the unemployment rate held at 4.1%. Wage growth continued to slow.
Fri, Sep 4
European Central Bank: September hike path and oil risks – Nomura
Nomura’s Global Markets Research team, led by Andrzej Szczepaniak, George Buckley and Josie Anderson, expects the ECB to raise the depo rate by 25bp to 2.50% at the 10 September meeting and then pause.
Fri, Sep 4
"Lower the rate or I’ll stop trading": Trump pressures Fed after strong US jobs report
In a post on Truth Social, United States (US) President Donald Trump welcomed the creation of 162K jobs in August, a figure he described as significantly above expectations.
Fri, Sep 4
Canadian Dollar: Jobs weakness caps gains against US Dollar - TD Securities
TD Securities strategists note that Canada’s softer August labour report, including weaker employment momentum and slower wage growth, is unlikely to materially change the Bank of Canada’s (BoC) assessment of the labour market.
Fri, Sep 4
Canadian Dollar slides as Canada sheds 41.7K jobs, US payrolls surge
USD/CAD accelerates sharply higher on Friday, trading around 1.3850 at the time of writing, up 0.39% on the day.
Fri, Sep 4
US Dollar: Jobs strength lifts hike odds – ING
ING’s James Knightley notes that stronger-than-expected US August jobs data, with 162,000 new positions and upward revisions, has increased the perceived likelihood of a September Federal Reserve rate hike.
Fri, Sep 4
British Pound trims losses against US Dollar after NFP-driven volatility
GBP/USD recovers part of its initial drop on Friday after stronger-than-expected United States (US) employment data briefly lifts the US Dollar (USD). The pair fell to an intraday low of 1.3482 immediately after the release before rebounding. At the time of writing, GBP/USD trades around 1.3512.
Fri, Sep 4
Gold: Central bank buying underpins prices – ING
ING’s Warren Patterson and Ewa Manthey highlight that central banks, led by China and Poland, continued net Gold purchases in July, supporting structural demand despite a slower pace than last year.
Fri, Sep 4
Euro slips against US Dollar as Nonfarm Payrolls crush expectations
EUR/USD comes under selling pressure on Friday as the US Dollar (USD) strengthens following the release of the upbeat United States (US) employment report. At the time of writing, the pair trades around 1.1605, down roughly 0.18% on the day, after retreating from an intraday high of 1.1633.
Fri, Sep 4
Japanese Yen steadies against US Dollar after strong NFP report
USD/JPY trades around 155.85 on Friday at the time of writing, virtually unchanged on the day.
Fri, Sep 4
Mexican Peso: Trade talks support Peso against US Dollar - Societe Generale
Societe Generale reports that USD/MXN has moved back below 17.00 as Mexican officials engage with US counterparts on trade issues following a widening US-Canada rift. The bank highlights a sharp drop in Mexico’s car imports from China after tariff adjustments aimed at protecting local jobs.
Fri, Sep 4
Euro retreats against Pound Sterling as Eurozone Retail Sales disappoint
EUR/GBP trades on the back foot on Friday, snapping a four-day winning streak that pushed the cross above 0.8600 to its highest level since July 1. Softer-than-expected Eurozone Retail Sales data weighs modestly on the Euro (EUR).
Fri, Sep 4
Ripple Price Forecast: XRP eyes $1.50 breakout despite softening on-chain activity
Ripple (XRP) holds onto a bullish bias, trading near $1.45 at the time of writing on Friday.
Fri, Sep 4
European Central Bank: Inflation-driven hike prospects – DBS
DBS Group Research expects the European Central Bank (ECB) to raise the deposit facility rate to 2.50%, citing a resilient inflation-growth mix in the Eurozone. The report notes headline inflation has moved further above target, while core pressures remain contained for now.
Fri, Sep 4
WTI Oil retreats below $89 despite persistent tensions around the Strait of Hormuz
West Texas Intermediate (WTI) US Oil declines 1.21% on Friday and trades around $88.55 per barrel at the time of writing.
Fri, Sep 4
Federal Reserve: Close call on further tightening – Commerzbank
Commerzbank’s Dr. Christoph Balz expects the Federal Reserve to keep rates unchanged, but highlights a significant risk of another 25 bps hike.
Fri, Sep 4
Japanese Yen: Sharp rebound and Fed repricing – MUFG
MUFG’s Michael Wan highlights a sharp strengthening in the Japanese Yen, with USD/JPY dropping from 160 to around 155.30 as the Dollar broadly weakened and Asian FX gained.
Fri, Sep 4
United States Dollar Index edges higher to near 99.00 ahead of US NFP data
The US Dollar (USD) is marginally up on Friday ahead of the United States (US) Nonfarm Payrolls (NFP) data for August, which will be published at 12:30 GMT.
Fri, Sep 4
Silver Price Forecast: XAG/USD trapped below 100-day SMA as US NFP approaches
Silver (XAG/USD) consolidates with marginal losses on Friday following back-to-back daily gains, as traders avoid taking large positions ahead of the US Nonfarm Payrolls (NFP) report.
Fri, Sep 4
