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Key U.S. data this week includes the job openings due later in the day, the ADP employment report on Wednesday and the payrolls report on Friday. "The next big thing is going to be the payrolls on Friday night because it'll tell us whether the Fed is essentially going to green-light the interest rate cut in a couple of weeks," said Kyle Rodda, financial market analyst at Capital.com. Fed Governor Christopher Waller on Monday said with inflation still forecast to fall to 2%, he is inclined "at ...Read More >
The dollar drifted higher, making greenback-priced bullion more expensive for overseas buyers. [USD/] Key U.S. data this week includes the job openings due later in the day, the ADP employment report on Wednesday, and the payrolls report on Friday. "It seems we're just oscillating in one place until a new trigger emerges... Fed rate cut expectations are likely to define what comes next," said Ilya Spivak, head of global macro at Tastylive. "Another 25-basis-point cut this month seems likely a ...Read More >
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