Author: FX
Australia’s labor market weakened more than expected in September, with 34,000 workers losing their jobs and the unemployment rate jumping to its highest level in four years at 4.5%. Analysts had expected a 20.5K increase in hiring for the month, following a downgraded 11.9K loss in employment back in August. The jobless rate was expected to come in at 4.3%. Key Takeaways Employment fell by 34,000 in September, while only 15,000 new positions were created, resulting in a net loss well below market expectations Unemployment rate climbed to 4.5% (seasonally adjusted), up from 4.3% in August and marking the highest…
This Kiwi pair has been cruising lower with falling highs and lows inside a descending channel on its 4-hour time frame. Will these correction levels keep the selloff going? NZD/CAD 4-hour Forex Chart by TradingView Dovish RBNZ policy expectations supported by weakening economic conditions in New Zealand have been weighing on the Kiwi over the past few months. On the flip side, the Canadian dollar has been getting a bit of a boost from the strengthening dollar and some crude oil gains, keeping NZD/CAD on a steady decline. Are sellers about to hop in on this potential trend correction? Remember…
Bitcoin appears to be at a crossroads, as price is testing a resistance-turned-support zone that could also be the neckline of a long-term double top. Could it go for a major reversal from here? Bitcoin (BTC/USD) Daily Chart by TradingView After hitting fresh record highs lately, bitcoin suffered a sharp tumble as markets grew extra jittery about resurfacing trade tensions between the U.S. and China. Safe-haven flows leaned in favor of the lower-yielding U.S. currency versus the high-risk OG crypto, dragging BTC/USD back down to an area of interest visible on the daily time frame. Can it stay afloat or…
The Australian Dollar (AUD) declines against the US Dollar (USD) on Thursday, retracing its recent gains from the previous session. The AUD/USD pair loses ground as the AUD struggles following the release of Australia’s employment data.The Australian Bureau of Statistics (ABS) reported on Thursday that the Employment Change came in at 14.9K in September, against the market expectations of 17K. The previous reading was -11.8K (revised from -5.4K). Meanwhile, the Unemployment Rate rose to 4.5%, jumping to a near four-year high. The figure came in above the market consensus and the previous 4.3%.The Aussie Dollar attracts some sellers as weaker…
Bank of Japan’s Tamura calls for further rate hikes Source link
The Regression Analysis v2.0 MT4 Indicator is a powerful analytical tool designed to help traders identify the overall direction of the market using statistical regression techniques. It automatically plots regression channels based on recent price data, giving users a clear view of trend strength and possible price targets. This helps traders understand whether the market is trending or ranging, making it easier to plan entry and exit points accordingly. How It Enhances Trading Decisions By providing a visual structure of price behavior, this indicator helps traders identify overbought and oversold conditions within the regression channel. When prices move toward the…
Goldman Sachs says current levels of artificial intelligence investment remain manageable and well below past major technology cycles, even as expectations for long-term productivity gains continue to build. In a note to clients, the bank said AI-related capital expenditure accounts for less than 1% of U.S. GDP — far smaller than the 2–5% seen during earlier transformative tech booms such as the dot-com era or electrification. Goldman estimates AI-driven productivity could generate an $8 trillion present-discounted value in additional capital revenue for the U.S. economy, with potential outcomes ranging from $5 trillion to as high as $19 trillion. Those gains,…
Markets navigated heightened volatility on Wednesday as traders weighed mixed signals from U.S.-China trade negotiations against persistent labor market concerns and inflation pressures, with gold breaking through $4,200 for the first time while equities posted modest gains despite intraday swings. The session highlighted the complex policy challenges facing central banks, as the Federal Reserve’s latest Beige Book revealed ongoing hiring weakness alongside stubborn cost pressures, while the government shutdown delayed key economic data releases just days before the Fed’s October 29 policy decision. Check out the forex news and economic updates you may have missed in the latest trading session!…
United Airlines sees gains in premium and loyalty revenue, sets Q4 profit guidance above street view Source link
Gold (XAU/USD) price rallies for the fourth consecutive trading day on Wednesday, up by more than 1.40% and hitting a record high of $4,218 as the trade-war escalates and geopolitical uncertainty pushes investors to the safe-haven metal.Bullion soars to fresh record amid geopolitical turmoil, dovish Fed tone and mounting global uncertaintyUncertainty over the trade agreement between Washington and Beijing keeps the Bullion bullish trade in play. US President Donald Trump said that he was considering cutting some trade ties with China after both countries imposed port fees this week.Year to date, the Gold price has risen over 60%, due to…