USD/JPY Declines Below 155.50 On Weaker US Jobs Data, Rising BoJ Rate Hike Expectations
The USD/JPY pair attracts some sellers to around 155.25 during the early Asian session on Thursday. The US Dollar softens against the Japanese Yen on weaker-than-expected US jobs data and expectations of further US rate cuts.
EUR/USD Strengthens As Weak US Labor Data Pushes Cut Odds To 90%
EUR/USD surges over 0.40% on Wednesday after economic data in the US reinforced bets that the Federal Reserve would cut rates at the December 9-10 meeting. The pair trades at 1.1668 after bouncing off daily lows of 1.1617.
Dow Jones Industrial Average Gains 420 Points As Rate Cut Hopes Climb
The Dow Jones Industrial Average rose 420 points on Wednesday, sparked by renewed market optimism that the US economy is performing so poorly that the Fed will be forced to deliver a third straight interest rate cut in December.
American Eagle Stock Soars 16%, Outlook Up On Record Black Friday
It was a blowout quarter for the clothing retailer as it generated record revenue. The company also posted record sales over its Black Friday Thanksgiving weekend.
Silver Price Analysis: Uptrend Holds As RSI Divergence Signals Corrective Risks
Silver pulls back to $58.49 after bouncing from $57.54, even as data reinforces expectations of a Fed rate cut next week.