News
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FxstreetAug 2, 2024
Japan CFTC JPY NC Net Positions up to ¥-73.5K from previous ¥-107.1K
USD/JPY Price Analysis: Sinks to five-month lows fueled by reignited US recession fears
Gold price dives after reaching two-week high as traders book profits
FxstreetAug 2, 2024
Dow Jones Industrial Average sewered by bad NFP print
Australian Dollar rebounds as sellers take a breather, dovish RBA bets might limit the gains
Mexican Peso plummets over 1% daily and almost 4% weekly
Forex
USD/JPY Price Analysis: Sinks to five-month lows fueled by reignited US recession fears
The USD/JPY collapsed to a five-month low of 146.41 on Friday following the release of worse-than-expected US economic data that increased the odds for a Federal Reserve cut at the September meeting.Fxstreet
Aug 2, 2024
Forex
Mexican Peso plummets over 1% daily and almost 4% weekly
The Mexican Peso weakened further throughout the week against the Greenback and hit a new yearly low of 19.22, as fears that the United States (US) economy might slow down further hurt the outlook of its largest partner, Mexico.Fxstreet
Aug 2, 2024
Other
Fed's Barkin says slowing pace of jobs 'reasonable' in pushback against big cuts
Investing.com -- Richmond Federal Reserve president Tom Barkin said Friday that the July jobs report showing a significant slowdown in job gains was "reasonable," and downplayed calls for the Fed to dInvesting.com
Aug 2, 2024
Forex
GBP/USD Price Analysis: Rises above 1.2800 amid weak US data fueling rate cut hopes
The Pound Sterling rallied sharply against the US Dollar after recent economic data from the United States (US) sparked speculation that the US Federal Reserve might cut interest rates faster than expected.
Fxstreet
Aug 2, 2024
