NFP Preview: Is the US Job Market Finally Weakening?
Months of restrictive monetary policy have had little effect on the labour market but recent jobs data suggests we may be approaching a steady decline
Months of restrictive monetary policy have had little effect on the labour market but recent jobs data suggests we may be approaching a steady decline
The South African Rand has surrendered a lot of ground as the uncertainty around the new coalition government hangs in the balance
Strong ISM services data has helped to stem the recent US dollar sell-off with the business activity index seen at its highest level since November 2022.
The Bank of Canada cuts rates to 4.75% as inflation settles into the target range. Wages, house prices and geopolitical uncertainty still pose risks to the outlook. Dovish repricing seen in CAD
Gold is looking oversold according to one technical indicator, and any weak US data may see the precious metal turn higher in the short-term
Aussie growth stalls in Q1, growing just 0.1% as household spending falters. AUD/USD holds steady for now, with key support and resistance levels identified ahead of NFP
