Author: FX

The Australian economy just printed yet another upbeat data point, with the employment change and unemployment rate beating expectations for October. Hiring jumped 42.2K during the month, surpassing estimates of a 20K gain, while the jobless rate slipped from 4.5% to 4.3% on a seasonally adjusted basis. Key Takeaways Unemployment rate fell from 4.5% to 4.3% in seasonally adjusted terms versus the 4.4% consensus Employment increased by 42,200 people (0.3%) in seasonally adjusted terms, reaching 14,683,200 Full-time employment surged by 55,300 positions, offset by a decline of 13,100 in part-time employment Participation rate held steady at 67.0%, with an uptick…

USD/JPY briefly surged through the 155.00 level on Wednesday, touching 155.05 after a break above 154.50 triggered a wave of sizeable stop-loss buying. Momentum accelerated as stops layered above 155.00 were flushed out, before fresh offers just beyond the figure finally slowed the move.The jump has refocused attention on Japan’s tolerance for renewed yen weakness. Finance Minister Katayama warned that the disadvantages of a weak yen now outweigh its benefits, adding to the familiar Ministry of Finance mantra about “disorderly” and “speculative” moves — language that typically signals heightened discomfort.With USD/JPY pressing into the mid-155s, traders are increasingly alert to…

Australia is scheduled to publish the October monthly employment report on Thursday at 0:30 GMT, with market participants anticipating a modest improvement in labor market conditions. Still, the expected outcome indicates persistent weakness in the sector.The Australian Bureau of Statistics (ABS) is expected to announce that the country added 20,000 new jobs in the month, while the Unemployment Rate is forecast at 4.4%, easing from the 4.5% posted in September. The Participation Rate was last seen at 67%.The ABS reports both full-time and part-time positions through the monthly Employment Change. Generally speaking, full-time jobs entail working 38 hours or more…

F.N.B. declares $0.12 dividend Source link

Markets traded cautiously on Wednesday as investors awaited a House vote to end the historic U.S. government shutdown, with optimism about resumed economic data releases supporting equities and Treasuries while oil tumbled on OPEC supply revisions and Bitcoin surrendered earlier gains. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: OPEC flipped Q3 global oil market view from deficit to surplus, raising non-OPEC supply estimates by 890k bpd White House’s Hassett says he would accept Fed chair nomination, prefers 50bp cut over 25bp in December White House…

The USDJPY moved higher during the Asian session, breaking above the prior ceiling near 154.47 that had capped gains since late October. Since that breakout, the pair has seen two pullbacks — including one in the North American session — both of which found support near that former ceiling, confirming the level’s shift from resistance to support.For traders, holding above 154.47 keeps buyers firmly in control. A move back below that level would begin to weaken that control, while a more conservative risk level sits near the converging 100- and 200-hour moving averages around 153.93. As long as the price…

The Dow Jones Industrial Average (DJIA) caught a firm bid on Wednesday, driving into fresh record highs as investors eased back from overexposure to the AI tech rally and moved deeper into more traditional investing mainstays, primarily major banks and healthcare stocks.The Dow Jones rose around 430 points, setting a new intraday high of 48,419 as the tech-light major index gets a boost from traders piling back into traditional investments. The Dow is now up around 4% over a four-day period after falling to 46,490 in a mild pullback from the last record swing high near the 48,000 handle.Banking stocks…

The UK job market just took a nose dive, and traders everywhere are wondering what’s next for the Pound. Will the Bank of England rescue the economy in December with a rate cut? With unemployment spiking, wage growth slowing, and a big budget decision looming, GBP looks stuck in “wait and see” mode. Dive in as we break down what’s moving the currency, what newbie traders should watch out for, and potential strategies to consider. 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 High-impact…

Wall St regulator to consider crypto token classification, chair says Source link

Sector Overview: Mixed Fortunes Across the HeatmapToday’s stock market heatmap paints a varied picture with sectors showing divergent paths. The technology sector exhibits a slight uptick, driven by gains in semiconductor stocks. AMD leads with a rise of 7.11%, and NVDA contributes a 0.9% gain, suggesting investor confidence in chip makers despite broader concerns.Meanwhile, consumer electronics faces headwinds as Apple (AAPL) declines by 0.40%, highlighting potential uncertainties or profit-taking actions in this space.In the consumer cyclical sector, Amazon (AMZN) edges up by 0.33% and Tesla (TSLA) gains 0.20%, reflecting steady optimism towards these industry giants. However, the consumer defensive segment…