Pound Sterling Price News and Forecast: GBP/USD climbs post weak US jobs report, eyes 100-day SMA

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GBP/USD Price Forecast: Climbs post weak US jobs report, eyes 100-day SMA

The Pound Sterling erased some of its Thursday’s losses against the Greenback and rose 0.56% above its opening price after a dismal US jobs report reassured investors the Federal Reserve would continue to ease policy. At the time of writing, the GBP/USD trades at1.2970. Read More...

Pound Sterling strengthens as traders pare BoE dovish bets

The Pound Sterling (GBP) jumps to near 1.2950 against the US Dollar (USD) in Friday’s New York session after posting a fresh 11-week low near 1.2850 on Thursday. The GBP/USD pair remains firm even though the US Dollar (USD) gains in the aftermath of the United States (US) Nonfarm Payrolls (NFP) data for October. The Bureau of Labor Statistics (BLS) reported that fresh payrolls were 12K, against estimates of 113K and the downwardly revised figure of 223K. The hiring trend seen in October is significantly weaker than usual due to the hurricane near Florida and labor strikes in the aerospace industry. The Unemployment Rate remained steady at 4.1%, as expected. Average Hourly Earnings, a key measure of wage growth, rose by 4% on year, as expected. Read More...

GBP/USD holds below 1.2900 ahead of US NFP data

The GBP/USD pair remains on the defensive around 1.2895, the lowest since August 16 during the early Asian trading hours on Friday. The major pair edges lower after the UK Labour government announced its first Autumn Forecast Statement on Wednesday. Read More...

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AUD/USD extends the range play above 0.7200 as traders await US inflation data

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USD/JPY consolidates around 153.50 as bears turn cautious ahead of US inflation

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Gold remains stuck between two key averages ahead of the US inflation test

Gold is building on the previous recovery from one-week lows near $4,350 early Thursday, stretching beyond $4,400. Gold buyers now look forward to the US Producer Price Index and Consumer Price Index data due Thursday and Friday, respectively, for a sustained turnaround.

XRP rally cools, XLM heads toward a make-or-break support

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Jobs opened the door for the Fed — inflation decides whether it walks through

The latest US jobs report did not end the debate over the Federal Reserve’s (Fed) next move. It may have done something more subtle: it gave policymakers permission to keep their options open. After months of softer labour market signals, August delivered a stronger-than-expected rebound.

Venezuela’s 65-billion-barrel Oil deal could reshape America’s inflation fight

The United States (US) has secured unprecedented access to part of Venezuela’s vast Oil reserves. The timing is particularly significant as the war with Iran is disrupting Middle Eastern supplies, keeping energy prices elevated and reviving concerns about inflation.