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Week Ahead: U.S. Dollar Takes NFP Hit But Ends High

Week Ahead: U.S. Dollar Takes NFP Hit But Ends High

The U.S. dollar fell after the nonfarm payroll came in below expectations, but the greenback is still higher against most majors on a weekly basis. The past week featured central banks and influential economic indicators, but the guiding factor remains the trade tensions between China and the United States.
Here’s your week ahead.

The Week Ahead: US Political Risk and Data to Guide Markets

The Week Ahead: US Political Risk and Data to Guide Markets

The US dollar is regaining momentum after the Commerce department upgraded its first quarter GDP estimate from 0.7 percent to 1.2 percent.

The Week Ahead: OPEC and US Jobs to Influence Markets

The Week Ahead: OPEC and US Jobs to Influence Markets

Market action was interrupted by various holidays around the world but overall the U.S. dollar continued to rebuild the momentum it had after the elections. The minutes from the U.S. Federal Reserve meeting in November sent a strong signal about a December rate hike. The CME’s FedWatch tool is showing a 93.5 probability of a rate hike on December 14. 

Pound Slide Resumes on ‘Hard Brexit’ Jitters

Pound Slide Resumes on ‘Hard Brexit’ Jitters

GBP/USD has resumed its downward slide on Thursday, following an uneventful Wednesday session. The pair has dropped over 100 points and is trading at 1.2640 in the North American session.

Five Things The Markets Are Talking About: Friday July 8

Five Things The Markets Are Talking About: Friday July 8

Today’s June jobs report (expected +180k, +4.8% unemployment rate) could either suggest last month’s weak jobs number was an outlier print, or confirm a pattern of employment growth losing momentum.