Market Analysis by covering: Euro US Dollar, Euro British Pound, US Dollar Swedish Krona, Euro Swedish Krona. Read 's Market Analysis on Investing.com
Gold, silver prices dip after strong payrolls dent rate cut bets. This is – in our view – a signal of lingering strategic bearishness on the greenback, which can only be fought with more good data. We expect some stabilisation in USD crosses todaydeclined to 4.
3%, payrolls doubled the consensus at 130k, and wage growth was stronger than expected. That appears more than enough to offset the 862k payrolls revisions for 2025, especially considering the consensus was 825k. The bad news for the dollar is that it should have rebounded more on the jobs data. Half of the initial USD rally reverted quickly, and that was not due to second thoughts on jobs figures: short-term dollar rates rose and stayed up. We instead read that as a sign markets remain minded to sell USD rallies on the back of longer-term considerations. This means the bar for a USD recovery is higher: more good data is needed, for a start.continues to come almost entirely from strategic USD selling, with little to no contribution from the euro side. The eurozone calendar is empty today, and we don’t expect to hear anything market-moving from ECB speakers. Yesterday, Ukrainian President Zelenskiy said next week’s discussions with the US will focus on a territorial deal. Ceasefire negotiations have moved too slowly to drive major FX implications, but next week might lead to some interesting developments. We’ll be monitoring European gas prices for any signs of ceasefire optimism: they have been under pressure since the start of February, but primarily due to expectations for milder weather. EUR/USD may hover around 1.1850-1.1900 for today. We retain a slight preference for the downside, but a flat profile for the near term appears the most likely scenario. Elsewhere, we have published our SEK outlook for 2026. We see short-term correction risks for the krona on the back of stretched valuation, but remain bearish on bothThe UK economy ended 2025 on a lacklustre note. Though not a huge surprise, the weakness in construction and business investment is particularly eye-catching – even if the latter is partly linked to a cyberattack at a major UK car producer at the end of the third quarter. Given we already had data for October and November, there’s not a huge amount of new information here for the Bank of England. It had already concluded that the economy ended 2025 on a weaker footing. For the Bank, next week’s jobs and inflation data will be much more instructive. So long as the recent weakness in hiring, coupled with the sharp slowdown in wage growth, continues, we expect a March cut from the BoE, followed by another move in June.on the back of this and of our call for two BoE cuts by June: 0.88 remains a very realistic short-term target.This publication has been prepared by ING solely for information purposes irrespective of a particular user’s means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Euro British Pound US Dollar Swedish Krona Euro Swedish Krona
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Pentagon Just Became a Stock Picker: Here’s the 1 Trade You Can MakeMarket Analysis by covering: Alcoa Corp. Read 's Market Analysis on Investing.com
Read more »
EUR/USD: This Week’s Jobs, CPI Data to Test the Push Toward 1.20Market Analysis by covering: Euro US Dollar. Read 's Market Analysis on Investing.com
Read more »
NFP Preview: What Would It Take for the Fed to Cut in March?Market Analysis by covering: US Dollar Japanese Yen, US Dollar Index Futures. Read 's Market Analysis on Investing.com
Read more »
USD/JPY Coils Between 152 and 155 Ahead of High-Stakes NFPMarket Analysis by covering: US Dollar Japanese Yen, US Dollar Index Futures. Read 's Market Analysis on Investing.com
Read more »
Best Software Stocks to Buy That AI Can’t DisruptMarket Analysis by covering: MongoDB, Cloudflare Inc, Applovin Corp. Read 's Market Analysis on Investing.com
Read more »
Cloudflare: Another AI-Disrupted Stock You Might Want to BuyMarket Analysis by covering: Cloudflare Inc. Read 's Market Analysis on Investing.com
Read more »