Author: FX
There is a report that QTS Data Centers (fully owned by Blackstone) is abandoning plans to build a data center in Virginia.The market might be sensitive to these report in light of yesterday’s market-moving story about Meta looking to sell excess compute. There are fears of overbuilding and also that the huge spending won’t make an economic return.Scotia yesterday wrote:The bear framing is that a large hyperscaler willing to sell excess compute, while still investing behind frontier models, signals internal demand tracking below capacity, inviting an asterisk on future capex disclosures across the group. The bull framing is CFO-driven arbitrage:…
The US Dollar Index (DXY) trades under pressure on Thursday as weaker-than-expected US Nonfarm Payrolls (NFP) data dent expectations of a near-term Federal Reserve (Fed) rate hike.The index, which tracks the Greenback’s value against a basket of six major currencies, trades around 100.88 at the time of writing after hitting a two-week low of 100.56 earlier in the American session.The Greenback was also weighed down by a sharp rebound in the Japanese Yen (JPY), with traders speculating that Japanese authorities may have intervened in the foreign exchange market after USD/JPY hit a 40-year high earlier this week. Japan’s Finance Ministry…
Juanmonino/iStock via Getty ImagesJersey Mike’s (JMKE) is moving closer to becoming a publicly traded company as the sandwich chain filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering. The company plans to list on the NYSE under Source link
The U.S. economy added 57,000 jobs in June 2026, missing forecasts of 113,000. Prior months were also revised down 74,000, and September Fed hike bets fell sharply. Source link
US lowers regulatory burdens on fishing, adviser Navarro says Source link
Prior was +172K (revised to +129K)Two-month net revision -74KApril was +179KUnemployment rate 4.2% vs 4.3% expectedPrior unemployment rate 4.3%Unrounded unemployment 4.1889% vs 4.296% priorParticipation rate 61.5% vs 61.8% priorU6 underemployment rate % vs 8.1% priorAverage hourly earnings +0.3% m/m vs +0.3% expectedAverage hourly earnings +3.5% y/y vs +3.5% expectedAverage weekly hours 34.3 vs 34.3 expectedChange in private payrolls +49K vs +110K expectedChange in manufacturing payrolls K vs +3K expectedGovernment payrolls +8K vs +32K priorThis is a disappointing report. The unemployment rate is down to 4.2% and that looks good on the headline but it comes with the participation rate falling…
The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for June on Thursday at 12:30 GMT. With investors pricing in a hawkish Federal Reserve (Fed) policy outlook with the new Chairman Kevin Warsh at the helm, the underlying details of the employment report could influence the timing of a possible interest rate increase. Payroll data is among the indicators that generally trigger a significant market reaction. Still, this time, with all eyes on the inflation front, only a dismal print could hurt the US Dollar in a meaningful way.What to expect from the Nonfarm Payrolls…
The Follow Line Indicator MT4 was developed to help traders identify trend direction with more confidence. Instead of reacting to every small price movement, it focuses on filtering market noise and highlighting the dominant trend. That makes it easier to stay with strong moves while avoiding many of the short-term fluctuations that often trap traders.Like any technical tool, it works best when combined with proper market analysis and risk management. The sections below explain how the indicator works, when traders typically use it, and what strengths and weaknesses should be considered before adding it to a trading strategy.Understanding the Follow…
The new platform enables traders to compare prop firms side by side using hundreds of funding rules, account features and trading conditions, making it one of the most comprehensive futures prop firm comparison tools available.Prop Firm Compare https://propfirm.compare/ has announced the launch of its new advanced comparison engine, offering futures traders a faster, more transparent way to compare funded trading firms before purchasing a challenge.Built specifically for the futures prop trading market, the new tool allows users to compare firms across the criteria that have the biggest impact on long-term success, rather than relying on headline account sizes or promotional…
Gold (XAU/USD) retains a positive bias for the second consecutive day on Thursday, though it remains confined within the previous day’s broader trading range. The US Dollar (USD) edges lower on the back of Wednesday’s softer-than-expected US macro data and turns out to be a key factor supporting the commodity for the second consecutive day. However, elevated US Federal Reserve (Fed) rate-hike expectations, along with geopolitical risks, act as a tailwind for the buck and keep a lid on the bullion ahead of US employment details.Automatic Data Processing (ADP) reported on Wednesday that private sector employment in the US rose…