Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
EUR/USD Price Forecast: Euro forms potential higher low above 100-day SMA
EUR/USD sees sharp two-way price swings on Friday after a stronger-than-expected United States (US) employment report triggers fresh volatility. The pair initially fell to an intraday low of 1.1585 before recovering as the US Dollar (USD) struggled to sustain its gains.
European Central Bank: Dovish hold may follow September hike - Rabobank
Rabobank's Senior Macro Strategist Bas van Geffen expects the European Central Bank (ECB) to hike its deposit rate by 25bp to 2.50% next week and then hold at that level for an extended period.
Hungary: Inflation uptick complicates rate-cut path – ING
ING’s Peter Virovacz expects Hungarian industrial production to rebound in July, helping avoid a third-quarter GDP decline despite August headwinds from heatwave-related energy issues.
Swiss Franc loses ground upbeat US Nonfarm Payrolls
USD/CHF trades higher on Friday as stronger-than-expected United States (US) Nonfarm Payrolls (NFP) data trigger fresh volatility. The pair jumped to 0.8126 following the release before giving back part of its advance. At the time of writing, USD/CHF trades around 0.8102, up nearly 0.34% on the day.
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.
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.
"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.
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.
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.
Canada Ivey Purchasing Managers Index s.a registered at 64.3 above expectations (56.2) in August
Canada Ivey Purchasing Managers Index s.a registered at 64.3 above expectations (56.2) in August
Canada Ivey Purchasing Managers Index up to 62.7 in August from previous 54.1
Canada Ivey Purchasing Managers Index up to 62.7 in August from previous 54.1
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.
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.