Author: FX
By Gram Slattery and Alexandra Ulmer FAYETTEVILLE, North Carolina (Reuters) -Donald Trump campaigned in North Carolina on Friday for the fourth time in a month, as the Republican presidential candidate tries to firm up support in a state he was handily leading a few months ago but is now among the most competitive in the race. The former president’s visit to Fayetteville, home to a large military community, came as the state has been convulsed by literal and political storms. Once-in-a-generation floods triggered by Hurricane Helene killed dozens in the state’s western mountains, while the Republican candidate for governor has…
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Palantir Technologies (NYSE:) Inc., known for its specialized software services, has recently made a significant investment in Surf Air Mobility Inc., an air transportation company. The transaction, which took place on October 2, 2024, involved Palantir acquiring 1,270,869 shares of Surf Air Mobility Inc. at a price of $1.2479 per share, amounting to a total investment of over $1.58 million. This purchase reflects a strategic move by Palantir Technologies, as it increases its stake in the company to 2,730,166 shares. The acquisition of these shares was part of a commercial arrangement where Palantir was entitled to receive shares or cash…
The market spotlight was mostly on U.S. jobs-related data but geopolitical headlines also stole the show & spurred a bunch of risk-off moves early on. Source link
Geopolitical headlines took center stage for the most part of the week, pushing crude oil prices around and even influencing overall market sentiment. Investors appeared to be concerned about contagion risks and oil production constraints stemming from worsening tensions in the Middle East, triggering a flight to safe-havens like gold and the U.S. dollar while also propping energy prices higher on global supply concerns. Missed this week’s major headlines? We’re breaking them down for ya! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies…
The US September jobs report today exceeded expectations, with non-farm payrolls increasing by 254K compared to the 140K anticipated. The unemployment rate fell slightly to 4.1%, nearly reaching 4.0%, and the participation rate held steady at 62.7%. Private payrolls surged by 223K, while average hourly earnings rose by 0.4% month-over-month and 4.0% year-over-year, both above forecasts.Manufacturing payrolls dropped by 7K, an improvement over prior data. The household survey showed a gain of 430K jobs, with a notable increase in full-time employment (+631K) but a decrease in part-time jobs (-201K). The strong data diminished expectations for a Federal Reserve rate cut…
The US Dollar climbed after a bumper NFP print on Friday. US jobs additions soared in September, with upside revisions to previous months. Market hopes for a follow-up outsized rate cut in November were shattered by jobs growth. The US Dollar (USD) Index (DXY) climbed into a fifth consecutive bullish day on Friday, driven higher by better-than-expected US Nonfarm Payrolls figures. A firm showing for US jobs gains and an easing in the US Unemployment Rate have hobbled market expectations for a repeat double-cut from the Federal Reserve (Fed) in November. The US Unemployment Rate dropped back to 4.1% from…
AUD/USD falls following robust US Nonfarm Payrolls data, reducing the likelihood of aggressive Fed rate cuts. Fed Chair Powell signals slower pace of easing, with markets now pricing in a 25 bps cut for November. Australian data shows mixed results with strong Retail Sales and trade surplus but ongoing manufacturing contraction and slowing business activity. The Australian Dollar dropped during the North American session after September’s jobs report in the United States (US), suggesting that the Federal Reserve (Fed) would not cut rates by 50 basis points (bps) at the November meeting. The AUD/USD trades at 0.6796, down over 0.60%.…
Wall Street Journal’s Nick Timiraos is out with a tweet saying:A very solid September payroll report probably takes a lot of the drama out of the November Fed meeting Likely leaves officials on course for a 25 basis point cut.Looking at the probability of a 25 basis point cut, that is now at 99%, while remaining unchanged is that 1%. At points last week, the intimate 50 basis point cut was upwards of 60% for November. Source link
USD/JPY rallies over 1% after US Nonfarm Payrolls added 254K jobs, lifting US Treasury yields. Bulls target a decisive break above 149.39 and 150.00, with next resistance at the 200-DMA of 151.06. Support lies at 148.00, followed by the Senkou Span B at 147.78 and the bottom of the Ichimoku Cloud at 146.90-147.00. The USD/JPY rallied sharply inside the Ichimoku cloud (Kumo) after the US Bureau of Labor Statistics (BLS) revealed that the latest jobs report added over 254K employees to the workforce. This underpinned US Treasury yields, which lifted the exchange rate to current price levels due to their close correlation…