The Bitcoin network has reached a significant milestone by processing its one billionth transaction, marking a major achievement 15 years after its inception. This milestone was reached 15 years, four months, and four days after Bitcoin’s pseudonymous creator, Satoshi Nakamoto, mined the network’s first block on January 3, 2009. Throughout its 5,603-day history, the Bitcoin…
Oil prices quickly sold-off with the release of weak US jobs data reinforcing concerns over the demand side of the price equation. With the shocking build-up in stocks from the US and the Israel-Hamas conflict going into a slow gear we have little reason to see oil pickup up. As such we will look for…
Even more so that the Euro, the British Pound proved unable to hold on to its NFP driven spike in GBPUSD with a long wick underscoring its rejection from its trend line. As they were US numbers were not drastically weak to likely change the Fed’s stance more concerned with inflation pressures than generating jobs….
EURUSD’s knee-jerk response to the poor showing in US Jobs data proved unsustainable with a rejection from the bearish trend line. Although US NFP fell-short of consensus at 175,000 and the Unemployment Rate inched up to 3.9% these are not drastic enough results to change the Fed’s thinking and convince it to cut rates in…
The latest U.S. Non-Farm Payrolls (NFP) report, released today, revealed that the economy added 175,000 jobs in April. This figure fell significantly short of market expectations of a 241,000 increase, marking the smallest monthly job growth in six months and signaling a cooling labor market. The report is a crucial indicator of economic health and…
Today’s US Non-Farm Payroll (NFP) report, scheduled for release at 12:30 GMT, is set to garner significant attention from market participants. The latest Federal Open Market Committee (FOMC) decision highlighted ongoing inflation concerns, underscoring the importance of today’s data. Given the recent unpredictability in economic indicators, the NFP report may trigger unexpected market reactions. Context…
Lack of fresh perspective has kept Cable within recent ranges though fundamentals for the UK remains unchanged. While market was disappointed with the FOMC’s failure to signal a last rate hike Wednesday leading to GBPUSD’s bounce the concern in the UK is for the BoE to be ahead of the curve in cutting rates. While…
Gold has remained inside the body of Tuesday’s bearish breakout with bears failing to generate momentum of the trend line break. Within this context is a bias for the sell side that has seen a bounce in late New York trade. We continue to see geopolitics as the main driver for Gold, the latest twist…
Euro has remained stuck in a tight range for the past few days with the lack of Eurozone specific news, a holiday Wednesday, and US payrolls today keeping things subdued. Ahead though we have potentially trend changing news out of the US with the Employment Situation Report potentially reinforcing the notion of a hawkish fed…
The Japanese Yen was late to the party in responding to the FOMC meeting that market interpreted as Dovish. What was actually said by Fed Chairman Jerome Powell was that rates will be steady due to persistent inflationary pressures though some have been hoping that any rate cuts this year will be clearly ruled out….