Author: FX

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…

The Kolier Super Trend Indi is designed to help traders spot trend reversals and continuation points with ease. It uses a combination of price action and volatility to calculate trend direction, displaying it visually through colored lines on the chart. When the trend changes, the color of the line also shifts, signaling a potential buying or selling opportunity. This makes it easier for both beginners and experienced traders to stay aligned with the market’s momentum. Key Features and Benefits This indicator simplifies the trading process by filtering out market noise and focusing only on strong trends. It adapts to various…

Rabobank expects the Japanese yen to strengthen over the next few months as markets anticipate another Bank of Japan rate hike, a move that could ease pressure for official currency intervention. In a note to clients, senior FX strategist Jane Foley said the yen’s recent weakness against the U.S. dollar raises the risk that Japan’s Ministry of Finance might step in to support the currency if losses persist.However, Foley said growing speculation about a possible BoJ rate increase in December could help the yen recover before intervention becomes necessary. Rabobank forecasts the dollar will fall to ¥147 within three months,…

The GBP/JPY shows signs of recovery on Wednesday, trades above the 50-day Simple Moving Average (SMA) of 200.97, after hitting a daily low of 199.61 earlier in the session. At the time of writing, the pair trades at 201.10, up 0.53%.GBP/JPY Price Forecast: Technical outlookThe GBP/JPY seems poised to consolidate further below 202.00 unless buyers gain momentum, which seem far from happening as shown by the Relative Strength Index (RSI).The RSI is edging further below its 50 neutral level an indication that bears are stepping in.If GBP/JPY tumbles below 201.00 the next support would be 199.61 ahead of the October…

Markets rebounded on Wednesday as easing U.S.-China trade tensions provided fresh momentum, with China’s confirmation of tariff suspensions on U.S. goods helping to lift risk appetite following Tuesday’s tech-driven selloff. Equities staged a recovery rally while traders also assessed mixed economic signals and awaited the Supreme Court’s hearing on tariff legality. The session featured stronger-than-expected U.S. services sector data that temporarily lifted Treasury yields and the dollar, though both pared gains later in the day. Bitcoin bounced back above $100,000 after dipping below that psychological level overnight. Check out the forex news and economic updates you may have missed in…

New Zealand just released its employment report for the September 2025 quarter, and while the numbers came in somewhat as expected, they painted a grim picture of a labor market that’s still struggling to find its footing. For one thing, the unemployment rate climbed to 5.3%, which is its highest level since December 2016. Not surprisingly, the New Zealand dollar tumbled immediately, falling over 1% against the U.S. dollar, hitting its lowest level since April. Here’s what happened, why it matters for forex traders, and what to watch in the coming weeks as the Reserve Bank of New…

European indices close higher on the day led by the UK’s FTSE 100 with a gain of 0.64%. A snapshot of the closing levels shows: German DAX, +0.42%France’s CAC +0.08%UK’s FTSE 100, +0.64% Spain’s Ibex, +0.39%Italy’s FTSE MIB +0.41%US indices are also higher with the NASDAQ index trading up 1.04% erasing have of the -2.04% decline yesterday. The S&P index is up 0.78% after falling -1.17% yesterday. The Dow industrial average is up 0.63% after falling -0.53% yesterday.Meta is a bouncing after 4 days of declines saw the pair fall by -16.54%. The shares are up 2.12% today.Nvidia is up…

Federal Reserve (Fed) Governor Stephen Miran said that the ADP report released on Wednesday, which showed an increase in US companies’ employment in October, was a “welcome surprise.” In an interview with Yahoo Finance, Miran also commented on the outlook for monetary policy.Key quotesADP data was a welcome surprise.Job market trends pre-government shutdown appear still in place.Job market data indicates interest rates could be lower than current levels.The supply and demand side of the economy both matter.Sees additional investment demand over time.Increasing uncertainty about tariffs could create economic drag.If tariff income went away, it would bear on Fed policy.Views on economy…

Wall Street girds for life under Mamdani, worries about New York City's competitiveness Source link

Prior was -32K (revised to -29K)DetailsGoods producing +9K vs -3K priorService providing +33K vs -28K priorTrade/transportation/utilities +47K vs -7K priorLeisure/hospitality -6K vs -19K priorMedian pay for job stayers 4.5% vs 4.5% priorMedian pay for job changers 6.7% vs 6.6% priorThe market started to feel better about jobs after ADP published a weekly employment measure for the first time. It showed a four-week average of 14,250 jobs, or roughly 57K on the month. That indicated a stabilization in the employment market, if not a pickup from the summer lows. With that — and similar indicators — Fed officials began a shift…