US Economy Adds Strong 311,000 Jobs, Wages Grow Less Than Expected
The U.S. economy created 311,000 jobs in February versus 205,000 expected, but wages grew less than anticipated, an encouraging signal for the Fed
Read More »Cryptos: Correction or the Start of a Sell-off?
Bitcoin prices are heading for another solid weekly loss, as markets adjust to the prospect of more aggressive monetary tightening, which is expected to dampen world growth and demand this…
Read More »Dow Jones, S&P 500 Plunge as SVB Financial and Silvergate Bank Drive Financial Woes
The Dow Jones, S&P 500 and Nasdaq 100 plunged on Thursday as SVB Financial Group and Silvergate Bank drove risk aversion in the financial sector. Asia markets are bracing.
Read More »USD/JPY drops under its overnight low ahead of BOJ meeting today
<p>USD/JPY activity is thnner than normal with the Bank of Japan meeting announcement due in around 3 hours time (there is no firmly scheduled time). </p><p>While the consensus is for…
Read More »US President Biden budget proposes raising corporate tax to 28% (from 21%)
<p>more to come</p><p>-</p> This article was written by Eamonn Sheridan at www.forexlive.com.
Read More »AUD/USD Price Analysis: Bears appear well-set to approach 0.6540 support
AUD/USD bears keep the reins at a four-month low, making rounds to 0.6580-90 during early Wednesday, following the biggest daily slump in a month. Tha
Read More »Dow Jones, S&P 500 Plunge on Powell Testimony. Is a Larger Fed Rate Hike Next?
The Dow Jones and S&P 500 plunged as increasingly hawkish testimony from Federal Reserve Chair Jerome Powell offered markets a reality check. Is a 50-basis point rate hike the next…
Read More »USD/JPY has hit its highest in nearly 3 months
<p>USD/JPY rose overnight. The USD rose against all majors overnight. </p><p>ICYMI:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-7-mar-powell-leans-toward-an-acceleration-toward-50-bps-20230307/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap 7 Mar: Powell leans toward an acceleration toward 50 bps</a></li></ul><p>Expectations of…
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Aussie Trade Balance leaves AUD/USD unchanged
The trade balance released by the Australian Bureau of Statistics is out as follows: 11688M vs. exp 12250M; prev 12237M. Exports +1% MoM prior -1%. Im
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