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Forex Today: US NFP beat expectations, US Dollar still struggles
The United States (US) released stronger-than-expected US Nonfarm Payrolls report for January, adding 130K jobs in quite an auspicious start to the year, while the Unemployment Rate ticked lower to 4.3%, and Average Hourly Earnings held steady at 3.7% over the last twelve months.Fxstreet
Wed, Feb 11
THB: Political stability supports currency – MUFG
MUFG’s Michael Wan highlights that local political developments are supporting the Thai Baht (THB). A stronger-than-expected performance by the Bhumjaithai Party in Thailand’s recent elections has improved perceptions of political stability.Fxstreet
Tue, Feb 10
Forex Today: US Dollar stabilizes ahead of US NFP
United States (US) ADP reported that, on average, the private sector added 6.5K new jobs in the four weeks ending January 24, up from 5K in the previous week. Other than that, Retail Sales remained unchanged in December, below expectations for a 0.4% increase and below November’s 0.6% advance.Fxstreet
Tue, Feb 10
Dogecoin Price Forecast: Whale accumulate as bearish momentum fades
Dogecoin (DOGE) price trades in red, hovering near $0.095 at the time of writing on Monday, after falling over 7% in the previous week. On-chain data shows that certain whales have accumulated DOGE at recent dips, suggesting easing selling pressure and signaling short-term price stabilization.
Fxstreet
Mon, Feb 9
EUR/CAD Price Forecast: Keeps sideways bias above 1.6150, Canadian employment report is focus
The EUR/CAD cross gathers strength to around 1.6160 during the early European session on Friday. The Euro (EUR) edges higher against the Canadian Dollar (CAD) amid the differing approaches between the European Central Bank (ECB) and the Bank of Canada (BoC).
Fxstreet
Fri, Feb 6
Silver Price Analysis: Gradual recovery underway as momentum turns constructive
Silver price extended its recovery for the second straight day, up by 3.75% shrugging off broad US Dollar strength, following the release of solid US economic data. At the time of writing, XAG/USD trades at $88.20, after bouncing off daily lows of $83.28.
Fxstreet
Thu, Feb 5
Shiba Inu Price Analysis: Bearish trend persists as sentiment remains mixed
Shiba Inu (SHIB) price stabilizes at $0.0000067 at the time of writing on Wednesday, facing rejection around a key resistance zone. On-chain and derivatives data indicate mixed sentiment among traders, further limiting the chances of a price recovery.Fxstreet
Wed, Feb 4
Forex Today: RBA strikes hawkish tone while US shutdown delays jobs data
The Reserve Bank of Australia (RBA) raised its interest rate by 25 basis points to 3.85%, aligning with market expectations. The RBA's hawkish tone indicates that inflation pressures are likely to persist, suggesting further policy tightening may be on the horizon.
Fxstreet
Tue, Feb 3
Dogecoin Price Forecast: DOGE steadies at $0.10 recovery hopes amid bearish trend
Dogecoin (DOGE) price stabilizes at $0.106 at the time of writing on Tuesday, following a slight rebound the previous day after a massive correction last week. On-chain data suggests the dog-themed meme coin may be undervalued and poised for a near-term bounce.Fxstreet
Tue, Feb 3
Silver slumps over 5% as US data fuels risk-on mood, extends metals rout
Silver price registers losses of over 5% on Monday as the precious metals liquidation continued for the second straight day. Upbeat economic data in the US improved risk appetite to the detriment of the grey metal. At the time of writing, XAG/USD trades at $80.40 below its opening price.Fxstreet
Mon, Feb 2
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