Author: FX
China’s Trade Balance for October, in Chinese Yuan (CNY) terms, arrived at CNY640.4 billion, narrowing from the previous figure of CNY645.47 billion.Exports declined 0.8% YoY in October vs. 8.4% in September. The country’s imports rose 1.4% YoY in the same period vs. 7.5% recorded previously.In US Dollar (USD) terms, China’s Trade Surplus expands less than expected in October.Trade Balance arrived at +90.07B versus +95.60B expected and +90.45B prior.Exports (YoY): 1.1% vs. 3.0% expected and 8.3% last.Imports (YoY): 1.0% vs. 3.2% expected and 7.4% previous.Market reaction to China’s Trade BalanceAUD/USD extends losses around 0.6473 in an immediate reaction to the Chinese trade data. The pair…
Oil heads for second weekly loss as supply concerns weigh Source link
Is the trend still our friend on EUR/USD? The pair seems to be in correction mode and is approaching an area of interest visible on its 4-hour time frame. Check out these confluence of technical levels on the potential resistance zone. EUR/USD 4-hour Forex Chart by TradingView In the absence of official U.S. data due to the government shutdown, traders have been dissecting employment reports from private firms pretty closely to gauge whether the labor market is healthy or not. Underlying figures from the ADP report, the jobs component of the ISM services PMI, and the Challenger job cuts data…
The Emilio Super Bands MT4 Indicator is a volatility-based technical analysis tool designed to help traders identify market trends and potential reversal points. It works by plotting upper, middle, and lower bands around the price, similar to Bollinger Bands, but with improved responsiveness. These bands expand and contract based on current market volatility, allowing traders to visualize overbought and oversold zones easily. When the price moves close to the upper band, it may signal potential selling opportunities, while nearing the lower band can indicate possible buying setups. Key Features and Benefits What makes the Emilio Super Bands MT4 Indicator stand…
Fed’s Musalem sees resilient US economy but flags tariff and deficit risksFederal Reserve Bank of St. Louis President Alberto Musalem said the US economy has shown notable resilience despite uncertainty but faces ongoing challenges from tariffs, inflation pressures, and large fiscal deficits.Speaking Thursday, Musalem said the labour market has “softened of late” yet remains close to full employment. He expects growth to slow in the fourth quarter but to rebound next year, saying the economy “should do well” as inflation gradually eases.He acknowledged that tariffs are currently driving inflation higher, but said their impact would likely fade in 2026. The…
Markets turned decisively risk-off on Thursday as U.S. labor market concerns overwhelmed policy optimism, with equities and risk assets suffering sharp losses while bonds rallied on renewed Federal Reserve easing expectations amid an ongoing government shutdown that continues to starve traders of official economic data. The session’s dominant narrative centered on Challenger, Gray & Christmas data showing 153,074 job cuts in October—the highest for that month since 2003—which amplified concerns about labor market deterioration at the same time as a record U.S. government shutdown. Check out the forex news and economic updates you may have missed in the latest trading…
The Dow Jones Industrial Average (DJIA) tumbled 400 points at its lowest on Thursday, falling to its lowest valuation in nearly two weeks as equity indexes were crushed underfoot by a broad pivot out of AI tech stocks. US economic data is restricted to volatile private datasets amid the ongoing federal government closure, causing investors to fret about wonky release figures that have a poor historical correlation to large-scale government data collection and reporting.Overextended AI stock declines drag down broader marketThe Dow Jones tested back below the 47,000 handle, down around 2.6% peak-to-trough after posting record highs just above 48,000…
Unisys outlines $430M L&S target and $110M free cash flow amid AI-driven margin gains and Ex-L&S headwinds Source link
Job cuts across the United States soared to their highest October total in over 20 years, as employers announced 153,074 planned layoffs, according to fresh data from Challenger, Gray & Christmas. The report, released November 6, highlights accelerating job reductions linked to cost-cutting, the rapid adoption of artificial intelligence, and softening consumer and corporate spending. The surge in layoffs comes amid ongoing economic uncertainty and the record breaking U.S. federal government shutdown. Key Takeaways U.S.-based employers announced 153,074 job cuts in October, a 175% increase year-over-year and 183% jump from September. The technology and warehousing sectors led the month’s layoffs,…
Hammack adds:Now is a challenging time for monetary policy makingit will take a couple of years to get back to 2% inflation targetthe Fed bigger miss is on the inflation side relative to job mandate. Inflation overshoot goes beyond tariff pressure.A little bit nervous about current policy given inflation.I would not want to cut rates into accommodative territory.The economy is pretty robust and healthy right nowis closely watching inflation expectations dataAI boom could mirror what happened with Internet build out.AI is a structural economic change is not well-suited to monetary policy changes.Fed has some excellent job managing federal funds rate,…