Page 22 - Thomas Barkin News Today

The euro US dollar exchange rate is trading without a clear direction this morning ahead of market moving US employment data.

The unemployment rate fell unexpectedly to 3.8%, marking the 26th straight month below 4% - the longest such run since the 1960s - and prompting Richmond Fed President Thomas Barkin to remark: "That's a quite-strong jobs report." Rising gasoline and shelter costs contributed the bulk of the CPI increase.

The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground following the sell-off seen late in the previous session.

The Pound Sterling (GBP) failed to sustain the bounce against the US Dollar (USD), as the GBP/USD pair lost upside momentum once again when it tried to reach 1.2700.

Gold prices shrugged off strong US jobs data and hawkish Fed comments on Dollar interest rates Friday to record the 6th new all-time high in 6 trading days in London, shooting to $2320 per Troy ounce amid worsening geopolitics between Russia-Nato and between Iran-Israel

Stock prices in London closed firmly down on Friday, hit by concerns that the US Federal Reserve may cut interest rates later than hoped this year. This sentiment was exacerbated by US jobs growth...

The Euro registers minimal losses of 0.13% following the release of a stronger-than-expected jobs report from the United States (US) that boosted the Greenback, sending the EUR/USD lower.

The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at its March 19-20 policy meeting, and officials continued to anticipate approving three... -April 05, 2024 at 01:22 pm EDT - MarketScreener

European stock markets opened sharply lower Friday--with the Mib breaking support at 34,000 points--due to escalating tensions in the Middle East and recalibrating investor expectations on Federal...

(Reuters) - The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at its March 19-20 policy meeting, and officials continued to anticipate approving three quarter-percentage-point rate cuts by the end o...