Dollar strengthened broadly in early US session after a much stronger-than-expected US employment report reinforced confidence in the resilience of the labor market. Non-farm payrolls rose 172k in May, nearly double expectations, while April’s gain was revised sharply higher to 179k. Unemployment held steady at 4.3%, and wage growth remained contained, with average hourly earnings […]
2026.06.05 2026.06.05 XAU/USD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 4,372.95 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,372.95. Stop Loss: below 4,300.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below
Jane Street has hired George Fordham, a former director within Barclays’ electronic foreign exchange trading team, in a sales and trading role. Fordham spent almost 10 years at Barclays in London, most recently on the automated market-making desk covering G10 and emerging market currencies. A spokesperson for Jane Street declined to comment. The high-frequency trading firm has expanded its spot FX market-making business
The Reserve Bank of India left its key policy rates unchanged on Friday and unveiled a slew of measures to attract dollar inflows as the rupee continues to slide amid a mix of surging oil prices, foreign capital outflows from emerging markets and geopolitical risks triggered by the Middle East conflict. The RBI Monetary Policy
How to invest in Bellway shares Investors interested in UK housebuilding exposure through Bellway have several options. Here’s how to approach investing: Research Bellway’s latest updates, housing market conditions and sector trends thoroughly. Understanding housebuilding economics and recovery dynamics helps inform investment decisions. How to invest in stocks provides background. Download IG Invest or open
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2026.06.05 2026.06.05 GBP/USD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3505 with a target of 1.3140–1.2936. A sell signal: the price holds below 1.3505. Stop Loss: above 1.3545, Take Profit: 1.3140–1.2936. Alternative scenario: Breakout
Japan’s latest reserve data have transformed the debate around the Yen. The question is not whether Tokyo is willing to intervene. It already has. The question now is how many times it is willing to do so. Data released on Friday showed Japan’s foreign reserves fell by around USD 75 billion in May. The decline
Q1 final GDP -0.2% vs +0.1% q/q second estimate Prior +0.2% That’s not a good look with the revision putting the overall euro area growth in the first quarter into negative territory. That marks a contraction to start the year with another set to follow this quarter amid the fallout from the Middle East conflict.
The primary catalyst today will be the US labour market data. According to Reuters, the US economy is expected to have added 85,000 jobs in May, representing a slowdown from April’s 115,000, while the unemployment rate is forecast to remain unchanged at 4.3%. A “slow-hire, slow-fire” equilibrium continues to anchor the US labour market, keeping
The Reserve Bank of India left its key policy rates unchanged on Friday, and upgraded its inflation outlook citing higher oil prices and monsoon uncertainty. The Monetary Policy Committee, governed by Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.25 percent. The committee also decided to continue with the neutral stance. The
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Gold traders have spent the past week waiting. After falling steadily from 4,889.24, the precious metal has settled into a tense standoff between 4,400 support and 4,600. Neither bulls nor bears have been willing to commit before today’s US Non-Farm Payrolls report. The reason is simple. The jobs data may not decide the Fed’s next
An explosion near single-buoy mooring berths at Oman’s Mina al Fahal crude terminal on the Gulf of Oman has forced a suspension of oil loading, according to two people familiar with the matter. Alleged drone attack. Summary: The following is based on information from two people familiar with the matter, cited by Reuters: An explosion
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RBA Deputy Governor Andrew Hauser speaks at a Sydney fireside chat on Australia’s economic outlook, with markets watching for any signal on the path of rates after a hawkish week for RBA rhetoric. 2.30pm Sydney time / 0430 GMT/ 0030 US Eastern time Summary: RBA Governor Bullock reaffirmed the current stance earlier this week, noting
The average of household spending in Japan was down 0.5 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday – coming in at 328,969 yen. That beat forecasts for a decline of 1.5 percent following the 2.9 percent drop in March. On a seasonally adjusted monthly basis, household spending
