DailyFX - Forex Market News
The British Pound has enjoyed a strong week against a range of currencies, propped up by expectations that UK interest rates are going to have to go even higher.
Gold prices fell on Friday, weighed by rising U.S. Treasury yields as strong U.S. labor market data bolstered the case for higher-for-longer interest rates.
NFP rises once more with April's number seeing an upward revision. The unemployment rate did tick higher further complicating the job of the Federal Reserve ahead of its June meeting.
The greenback is at a one-week low after a positive outcome to the US debt ceiling debate. Recent data shows that the US jobs market remains strong, what will today’s NFPs tell us?
The yen appears to be benefitting from the Fed’s recent comments favouring a “skip” at this month’s FOMC meeting. Levels for a bearish continuation analysed
Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.
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