Author: FX

West Texas Intermediate (WTI) US Oil trades at $58.90 on Thursday at the time of writing, down 0.80% on the day, extending its decline for a third consecutive day. The fall comes amid a wave of risk aversion sweeping global markets, with US equities retreating and investor sentiment turning cautious.The latest report from the United States Energy Information Administration (EIA) released on Wednesday showed an unexpected surge in US Crude Oil inventories, which rose by 5.2 million barrels for the week ending October 31, far exceeding expectations for a 1.8 million-barrel increase. The data reinforced concerns that supply remains ample,…

TOR Minerals International Non-GAAP EPS of $0.77, revenue of $342.6M Source link

We need to see downward path of inflation become more established before cutting againToday’s decision is based on two key judgementsThe first being underlying domestic price and wage pressures are continuing to easeThe other being the risk of greater inflation persistence has become less pronounced This article was written by Justin Low at investinglive.com. Source link

EUR/JPY trades without a clear trend on Thursday, hovering around 177.00, virtually unchanged on the day. The pair remains stable after the release of mixed data from both the Eurozone and Japan, maintaining a fragile balance between the two currencies.According to Eurostat, Eurozone Retail Sales increased by 1% YoY in September, following a revised 1.6% rise in August, matching expectations. On a monthly basis, sales fell by 0.1%, disappointing forecasts that had called for a modest gain. These figures confirm that consumption remains moderate but resilient in the bloc, while the HCOB Services PMI, released on Wednesday, climbed to 53.0…

Cipher Mining prices $1.4B senior secured notes Source link

The Wilder Volatility System MT4 Indicator is built around Wilder’s famous volatility principles, combining average true range (ATR) calculations with trend movement. It measures how much the price moves over time, helping traders spot high or low volatility zones. When volatility increases, traders can prepare for possible breakouts. When it decreases, they can expect sideways movement or consolidation. This simple yet effective system provides a clearer picture of market behavior. How It Works in Real-Time Trading The indicator automatically plots volatility-based levels on the MT4 chart. These levels act as dynamic support and resistance zones. When price action moves beyond…

After the Tuesday drop, gold is seen picking itself back up again in the past few sessions as it nudges back to around $3,980-90 levels. That being said, the price momentum seems to be falling short of contesting the $4,000 mark. So, what gives?Looking at the near-term chart, we can see that the key hourly moving averages are still being very much respected for now. Sellers are holding the line, quite literally, and that’s keeping any further rebound in gold in check for now.Gold (XAU/USD) hourly chartThe confluence of the 100 (red line) and 200-hour (blue line) moving averages is…

Gold (XAU/USD) is trading with a positive bias for the second straight day on Thursday, though it lacks bullish conviction and remains below the $4,000 psychological mark through the Asian session. Investors remain worried about the potential economic fallout from a prolonged US government shutdown. This, in turn, caps the recent US Dollar (USD) rally to its highest level since late May and turns out to be a key factor acting as a tailwind for the commodity. Apart from this, geopolitical uncertainties lend support to the safe-haven precious metal.The XAU/USD bulls, however, seem reluctant to place aggressive bets on the…

Bank of Canada (BOC) Governor Macklem thinks Canada’s labor market is “soft” despite September’s blockbuster reading. Will October’s numbers support the BOC head honcho’s claims? More importantly, how might CAD react to the results? Here are points to know if you’re trading Friday’s data release! 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 economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

The U.S. private sector added 42,000 jobs in October, according to the latest ADP National Employment Report released this week, marking a return to positive job growth after two consecutive months of losses and exceeding economists’ expectations of 37,500 new positions. Key Takeaways Private sector employment increased by 42,000 jobs in October, rebounding from revised losses of 29,000 jobs in September and 3,000 in August Annual pay growth held steady at 4.5% for job-stayers and 6.7% for job-changers, unchanged from September Job gains were concentrated in three sectors: Trade, transportation, and utilities led with 47,000 new positions, followed by education…