The recent reading from the US labor market showed a significant increase compared with market forecasts. The Non Farm Employment Change rise 273k (est. 175k). Average Hourly Earnings rose 3% and Unemployment Rate falls to 3.5%.
The Fed may want to wait for further developments of the current situation, settling with only one interest rate cut in the near future. The better than expected data could initiate an upward move on dollar and gold.
Interest rates in Turkey have been lowered by 250 basis points to 47.5% from 50%. A cut to 48.5% was expected. It is worth mentioning that inflation has...
09:32The US100 is retreating just below 22000 points today, after a strong rally on Tuesday, Christmas Eve. The growth was driven by technology companies. Strong...
08:17The second Day of Christmas is a public holiday for most European economies, with stock exchanges remaining closed. On the other hand, the majority of...
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