Author: FX
New Zealand’s Unemployment Rate rose to 5.3% in the third quarter (Q3) from 5.2% in the second quarter, according to the official data released by Statistics New Zealand on Wednesday. The figure came in line with the market consensus of 5.3%.Furthermore, New Zealand’s Employment Change arrived at 0% in Q3 from a decrease of 0.1% in Q2, compared with the consensus forecast of a 0.1% increase. The participation rate in New Zealand declined to 70.3% in Q3, compared to 70.5% in the previous reading.Market reaction to the New Zealand’s employment dataAt the time of writing, the NZD/USD pair is trading 1.09% lower on the day to trade at 0.5648. Employment…
Super Micro Computer forecasts upbeat quarterly revenue Source link
The NY Times is reporting The administration has developed multiple military options for action in Venezuela, including direct strikes on units protecting President Maduro and potential moves to seize control of the nation’s oil fields.President Trump has not yet decided whether or how to proceed, reportedly showing reluctance to risk U.S. troops or political fallout.Senior advisers are pushing for stronger measures, including ousting Maduro from power.The Department of Justice has been asked for legal guidance to justify expanded military operations beyond anti-narcotics actions.Such guidance could aim to provide legal cover for targeting Maduro without requiring Congressional authorization or a formal…
The USD/JPY pair declines on Tuesday to around 153.50 at the time of writing, down 0.40% on the day, as the Japanese Yen (JPY) attracts fresh safe-haven flows amid renewed global risk aversion. Fears of potential intervention from Japan’s Ministry of Finance and the recent hawkish tone from Bank of Japan (BoJ) Governor Kazuo Ueda lend further support to the JPY. Ueda hinted last week that a rate hike could come by the end of this year or early next year, reinforcing expectations of a gradual policy shift by the BoJ.However, the Japanese Yen’s upside remains limited. Uncertainty over the…
Mitsui O.S.K. Lines reports Q2 results Source link
Copper prices are continuing to correct after hitting a record high last week but there are bullish signs on the horizon.The world’s largest copper producer is Chile’s Codelco reported earnings today of $607 million through the first nine months of the year and the CEO said he’s optimistic about prices. One of the big reasons is that major mines keep underproducing. A devastating accident at Freeport’s Grasberg mine (the largest in the world) will keep much of its production offline next year and at Codelco’s El Teniente mine an accident on July 31 caused a halt that the company said…
EUR/USD broke below the 1.1500 psychological level, following a mild recovery attempt earlier on the day, which was rejected at 1.1530. The pair has depreciated about 1.5% over the last five trading days, with the US Dollar (USD) drawing support from Fed hawkishness and a dismal market mood. On Monday, the US Dollar continued strengthening, unfazed by downbeat manufacturing activity data in the United States (US). October’s ISM Manufacturing Purchasing Managers’ Index (PMI) showed that the sector’s economic activity contracted for the eighth consecutive month, weighed by a decline in orders and highlighting low employment levels.In addition, Federal Reserve (Fed)…
Auto supplier First Brands has reportedly initiated legal proceedings against its founder, Patrick James, alleging a series of fraudulent activities. The lawsuit, filed in a Houston federal bankruptcy court, accuses James of misappropriating hundreds of millions (if not billions) of dollars from First Brands, which Source link
We are keeping interest rates low, so that inflation remains in range of price stability (target range 0-2%)Our interest rates are where they should beWhether the Franc is correctly valued, overvalued or not is not decisive for our monetary policyWhat is important is how the exchange rate changes and its effect on inflationWe are not in situation where we would like to see lower inflationThe inflation forecast is where we want it (0.4% on average for Q4 2025)FX interventions are possibleThis is a pushback against negative rates speculations after yesterday’s soft Swiss CPI report. We’ve already heard many times the…
The Doda Trend MT4 Indicator is a simple yet effective technical tool designed to identify the direction of the market trend. It filters out market noise and shows traders whether the price is in an uptrend or a downtrend. Using color changes or signal arrows it gives an easy-to-read visual representation of current market momentum. Traders don’t have to spend hours analyzing charts — this indicator simplifies the process, allowing them to focus on trading opportunities instead of confusing data. How It Works The indicator calculates price movements based on a built-in algorithm that reacts to market trends. When the…