Author: FX

With Fed policymakers still mildly concerned about the U.S. labor market, will the upcoming NFP report tip the scales back in favor of more easing? Or are we about to see a major upside surprise that could further dampen rate cut hopes? Here’s what to expect when trading the September NFP 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

NZD/CHF is bouncing from a major psychological level, setting up a run toward a key resistance zone. Will NZD/CHF extend a months-long downtrend if it hits the area of interest? We’re taking a closer look at the 4-hour time frame! NZD/CHF 4-hour Forex Chart by TradingView The New Zealand dollar is off to a solid start this October, boosted by less-gloomy Chinese data and hawkish signals out of Australia. The Swiss franc, on the other hand, has barely managed to ride the dollar’s weakness. Worries over U.S. tariffs and the ongoing Russia-Ukraine conflict may be keeping demand for European currencies…

The ISM manufacturing PMI for September inched up to 49.1 from 48.7 in August, slightly beating the 49.0 consensus but remaining in contraction territory for the seventh consecutive month. While the headline showed marginal improvement, underlying components painted a concerning picture of deteriorating demand. Key Takeaways from the September ISM Manufacturing Report Manufacturing contraction persists: The index rose to 49.1 from 48.7, marking the seventh straight month below 50 Demand conditions worsened: New orders fell back into contraction at 48.9 (from 51.4), reversing August’s brief expansion Employment remained weak: The employment index improved slightly to 45.3 from 43.8, but stayed…

The U.S. private sector unexpectedly shed 32,000 jobs in September versus the projected gain of 54,000, according to ADP’s National Employment Report, signaling mounting employer caution amid persistent economic uncertainty. The contraction marks a stark reversal from recent months and reinforces signs of a cooling labor market heading into the fourth quarter. The breadth of job losses across most sectors and establishment sizes underscores a widespread pullback in hiring momentum. Key Takeaways: Private sector employment fell by 32,000 in September, marking the first monthly decline since October 2024 Annual pay growth for job-stayers held steady at 4.5 percent year-over-year, while…

The MMR MT4 Indicator is a custom tool built for MetaTrader 4, and it helps traders read the market more clearly. Instead of relying on guesswork, it provides visual signals that highlight potential entry and exit points. This makes it easier for both beginners and experienced traders to spot trends and make timely decisions. Its simplicity allows traders to use it without needing advanced technical knowledge. How It Works in Trading This indicator focuses on market movements by analyzing price behavior. When a strong trend starts forming, the MMR MT4 Indicator can mark it on the chart, making it easier…

Goldman Sachs says gold remains its top long trade as rally accelerates.Goldman Sachs reiterated its bullish stance on gold, calling it the bank’s “favorite long commodity” after prices surged to fresh records. The precious metal has broken out of its Q2 trading range of $3,200–$3,450 an ounce, rallying 14% since late August to around $3,865/oz — a gain of 47% so far this year.Analysts said the rally has been driven mainly by three conviction buyers in their gold price framework: a sharp rise in Western ETF holdings, renewed central bank demand after the summer lull, and, to a lesser extent,…

Justin SullivanApple (NASDAQ:AAPL) has tabled its efforts to produce a follow-up to its Vision Pro headset in favor of developing a new line of smart glasses powered by artificial intelligence, according to Bloomberg. The Cupertino company has moved staff from working Source link

Markets navigated the first US government shutdown in seven years with surprising resilience on Wednesday, as equities posted a fourth consecutive gain despite the political dysfunction in Washington. The shocking negative ADP payrolls print intensified Fed rate cut expectations, sending Treasury yields lower while gold and Bitcoin marched higher. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines & Data: U.S. Government Shutdown begins at 12:01 AM ET as lawmakers fail to reach funding agreement Australia AIG Manufacturing Index for September 2025: -13.2 (-22.0 forecast; -20.9 previous) Japan Tankan Large Manufacturers Index for…

The S&P index is trading up 25.81 points or 0.39% at 6714.40. That takes the price above the highest closing level from September 22 at 6693.75. S&P on pace for a new record close.The Dow industrial average is up 72 points or 0.16% of 46473. Its highest close level was on September 22 at 46381.54.The NASDAQ index is the largest gainer today with a gain of 107.3 points or 0.47% at 22767.33. However it is just shy of its record close from September 22 at 22788.98. The high price just reached 22770.18.Pharmaceuticals/drug companies are faring the best. Biogen is up…

Eurozone inflation rose 2.2% YoY in September, core HICP steady at 2.3%, both aligned with economists’ forecasts.Eurozone manufacturing PMI falls to 49.8, back into contraction zone, while UK factory PMI held unchanged at 46.2.UK GDP stagnated in Q2, with households under inflation pressure and tax hike risks weighing on Sterling outlook.EUR/GBP drops during the North American session on Wednesday after the latest release of inflation in the Eurozone came in line with estimates, but slightly above the European Central Bank’s (ECB) goal. The cross trades around 0.8696, down 0.36%.Cross falls despite Eurozone CPI holding above ECB’s target and business activity…