Forecasts & Analysis

Friday’s nonfarm payrolls report will be the next major test of the Fed’s fight against inflation.

The dollar reversed early weakness to close higher on Thursday after traders took a dovish cue from policymakers at the ECB and the BOE.

A weaker-than-expected Non-Farm Payrolls report will support the case for the Fed’s early exit from its rate hiking campaign in March.

It was a mixed start to the day for ETH and BTC. While Shanghai hard fork news will influence, corporate earnings and US stats will also provide direction.

A weaker-than-expected NFP report will support the case for the Fed to end its rate hiking cycle in March. This could fuel a rally in the NZD/USD.

After a mixed Thursday, DOGE and SHIB were on the move this morning. Expectations of improved networks and increased adoption remain tailwinds.

The U.S. Non-Farm Payrolls report is expected to show 185,000 jobs were added to the economy last month, the lowest amount since January 2021.

It is a busy day ahead for ADA. Network updates and stablecoin news will continue to influence, while US corporate earnings and US stats will draw interest.

XRP had a mixed start this morning. While US economic indicators and corporate earnings will influence, the SEC v Ripple case remains the key driver.

It has been a mixed morning for the Asian markets. Despite upbeat services PMIs, the Hang Seng Index hit reverse, with mining stocks pegging back the ASX.