Thursday, 4 January 2024

US Jobs Report Preview: What’s in Store for Gold, the US Dollar and Stocks?

Gold prices, Treasury yields, the U.S. dollar and stocks will be quite sensitive to the December U.S. nonfarm payrolls report, as jobs data can have a direct impact on the Fed's monetary policy outlook and the timing of the first rate cut.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...